Poor Charlie's Almanack: The wit & wisdom of Charles T Munger

Recently finished and this is my review. Posting it here just to revive this thread. :slight_smile:

I have never enjoyed a book this much, so much so that I think it must be a crime to derive so much pleasure from just reading a book. When I feel something as bizarre, I would usually put it down to weird quirks of the human mind but now I know the exact human misjudgements at play that leads one to feel things like that. I had come across the psychology of human misjudgement talk years ago and had made a note to read this book someday and am glad to have managed it finally.

Other than the powerful 100 pages on human misjudgement, there is the equally powerful talk on ‘practical thought about practical thought?’ where Munger draws on multi-disciplinary knowledge from physiology, psychology, economics and physics to dissect how an empire like coca-cola can be built from scratch and become worth over a trillion dollars in the future.

The rest of the book is a bit biographical, talking about how Berkshire Hathaway came about, the values behind the partnership with Buffett, greek philosophy and literature, roman empire and its downfall, an unending admiration of Ben Franklin and disgust towards Academia especially pertaining to the soft-sciences and Wall St. and accounting shenanigans, advocacy of index investing for charitable funds and the like and an unrelenting flood of zingers and anecdotes filled with wit and wisdom. This book is just outstanding and I foresee myself reading this over and over again in the future.

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