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Peter D. Kaufman
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Poor Charlie's Almanack Hardcover – 1 January 2005

by Charlie Munger (Author), Bill Gates (Foreword), Warren Buffett (Introduction)
4.7 4.7 out of 5 stars 1,580 ratings
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EXPANDED THIRD EDITION includes Charlie's 2007 USC Law School Commencement address. Edited by Peter D. Kaufman. Brand New.
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  1. Language
    English
  2. Publisher
    Walsworth Publishing Company
  3. Publication date
    1 January 2005
  4. Dimensions
    25.4 x 3.81 x 25.4 cm
  5. ISBN-10
    1578645018
  6. ISBN-13
    978-1578645015
  7. See all details
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Product details

  • Publisher ‏ : ‎ Walsworth Publishing Company (1 January 2005)
  • Language ‏ : ‎ English
  • ISBN-10 ‏ : ‎ 1578645018
  • ISBN-13 ‏ : ‎ 978-1578645015
  • Dimensions ‏ : ‎ 25.4 x 3.81 x 25.4 cm
  • Customer Reviews:
    4.7 4.7 out of 5 stars 1,580 ratings

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Peter D. Kaufman

Peter D. Kaufman

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4.7 out of 5 stars
4.7 out of 5
1,580 global ratings

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Top reviews from Australia

Nish
5.0 out of 5 stars Excellent
Reviewed in Australia on 29 August 2022
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My husband really enjoyed reading this book
One person found this helpful
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Josh
5.0 out of 5 stars what a great masterpiece!
Reviewed in Australia on 12 September 2021
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really enjoyed everything about this book. A treasure! Thank you Charlie and team for being so generous and kind for sharing this wealth of knowledge... much greater than millions of dollars!
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dhill3138
5.0 out of 5 stars Packs a punch of reality
Reviewed in Australia on 9 September 2019
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Forget trying to use this book as an investment manual, it is not. This is an eclectic gathering of thoughts, ideas & idioms that really highlight what living and thinking is like in life with integrity. The inclusion and acknowledgment to other thinkers and achievers is amazing and makes you realise the value of humility no matter your station in life. Thoroughly enjoyable.
3 people found this helpful
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Glenn
5.0 out of 5 stars A valuable book for assisting our thinking process by a master
Reviewed in Australia on 6 April 2021
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This is a unique book from an author who has demonstrated success across multiple fields of knowledge. Highly recommended.
One person found this helpful
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Sagar
5.0 out of 5 stars Help to fix your mental model
Reviewed in Australia on 31 December 2019
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Must read book
One person found this helpful
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Amir
4.0 out of 5 stars Good book, quite heavy though
Reviewed in Australia on 15 December 2020
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Not sure why there is not a lighter version of this book, the main problem is that I cannot carry it.
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nello dicostanzo
5.0 out of 5 stars Financial Lessons from Warren Buffets Partner
Reviewed in Canada on 8 April 2024
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Amazing Book
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MoBarbs
5.0 out of 5 stars Munger is brilliant and his book is practically helpful, super useful
Reviewed in the United States on 7 March 2023
Verified Purchase
I was turned onto Munger's thinking from mental models and a few business people I respect have said how much he influenced them. Wasn't disappointed.

Why is it so helpful? He proves that he and Warren have been successful in large part from avoiding mistakes.

More specifically, the human mind has some consistent limitations and it tries its best to function in a complex world, but doesn't do a perfect job. The best antidote we have is a "latticework" of mental models – to use Munger's term. These are like mental checklists that help you self-correct before making misjudgments.

The last chapter is one of his popular talks about the Psychology of Human Misjudgment, where he lists out the 25 cognitive biases that we're all susceptible to. He gives a short, pithy definition with examples. Elon Musk also talked about the important of learning these biases in a tweet with "TitleMax" cognitive biases (look it up).

As an example (see screenshot to this review), "One corollary of Inconsistency-Avoidance – Tendency is that a person making big sacrifices in the course of assuming a new identity will intensify his devotion to the new identity. After all, it would be quite inconsistent behavior to make a large sacrifice for something that was no good."

That's super useful, since you can see that making sacrifices for new identities that you want to adopt is more intense if it has sacrifices associated with it (i.e., fitness, wealth, role as father/mother, leader, etc.) Thanks to Charlie I'm doing all I can to internalize these.

IMPORTANT: TO SUPPLEMENT AND APPLY MUNGER'S IDEAS, DON'T IGNORE THIS. This sounds technical, but please don't ignore this. Look up "The Cognitive Bias Codex" – which is a radial dendrogram that shows all the biases and makes it digest-able.
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MoBarbs
5.0 out of 5 stars Munger is brilliant and his book is practically helpful, super useful
Reviewed in the United States on 7 March 2023
I was turned onto Munger's thinking from mental models and a few business people I respect have said how much he influenced them. Wasn't disappointed.

Why is it so helpful? He proves that he and Warren have been successful in large part from avoiding mistakes.

More specifically, the human mind has some consistent limitations and it tries its best to function in a complex world, but doesn't do a perfect job. The best antidote we have is a "latticework" of mental models – to use Munger's term. These are like mental checklists that help you self-correct before making misjudgments.

The last chapter is one of his popular talks about the Psychology of Human Misjudgment, where he lists out the 25 cognitive biases that we're all susceptible to. He gives a short, pithy definition with examples. Elon Musk also talked about the important of learning these biases in a tweet with "TitleMax" cognitive biases (look it up).

As an example (see screenshot to this review), "One corollary of Inconsistency-Avoidance – Tendency is that a person making big sacrifices in the course of assuming a new identity will intensify his devotion to the new identity. After all, it would be quite inconsistent behavior to make a large sacrifice for something that was no good."

That's super useful, since you can see that making sacrifices for new identities that you want to adopt is more intense if it has sacrifices associated with it (i.e., fitness, wealth, role as father/mother, leader, etc.) Thanks to Charlie I'm doing all I can to internalize these.

IMPORTANT: TO SUPPLEMENT AND APPLY MUNGER'S IDEAS, DON'T IGNORE THIS. This sounds technical, but please don't ignore this. Look up "The Cognitive Bias Codex" – which is a radial dendrogram that shows all the biases and makes it digest-able.
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25 people found this helpful
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LUIS ALBERTO JONES DUQUE
5.0 out of 5 stars Great book!
Reviewed in Mexico on 9 May 2022
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Wordly wisdom from Charlie Munger!
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Carlos
5.0 out of 5 stars Nuevo a estrenar.
Reviewed in Spain on 31 March 2024
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Entregado a tiempo, el ejemplar que me ha llegado venía perfectamente empaquetado y totalmente nuevo. Ahora toca zambullirse en la sabiduría del tito Munger.
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DR
5.0 out of 5 stars Excellent!!!
Reviewed in Germany on 15 July 2023
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Excellent! I took it for gift.
One person found this helpful
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