# Poor Charlie's Almanack  ## Metadata - Author: [[Charles T. Munger]] - Full Title: Poor Charlie's Almanack - Category: #books - Summary: Charlie Munger believes good investing comes from a focused and simple approach to life and learning. He values using many different skills to make better decisions and avoid mistakes. Munger teaches that understanding human psychology helps us see risks and opportunities more clearly. ## Highlights - Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group … then to hell with them ([View Highlight](https://read.readwise.io/read/01k08kdjjb1stnvtb1cmtx8nk4)) - ForewordCollison on Mungerby John B. Collison ([View Highlight](https://read.readwise.io/read/01k08kg22q9ktr1nqbt8806152)) - One can’t help but read a line like “Without numerical fluency … you are like a one-legged man in an ass-kicking contest” and come away not only chuckling but also a little bit wiser. ([View Highlight](https://read.readwise.io/read/01k08kfap9v1xwbzsnkhrh9aex)) - I was delighted to find that he is just as engaging and intellectually curious in person as he is on the page. ([View Highlight](https://read.readwise.io/read/01k08kge6192sxt60nbpq3fz0k)) - Our conversation that night was wide-ranging, touching on everything from the economics of ski resorts to raising children to the evolution of the news industry. Witnessing Charlie’s prodigious intellectual breadth and multidisciplinary mode of reasoning firsthand only reinforced my admiration both for the man himself and for this book. ([View Highlight](https://read.readwise.io/read/01k08kgxe6xfm33q6bknaqq3ca)) - Charlie’s philosophy combines insights from nearly every discipline in which he’s ever taken even a passing interest—not only business and finance but also mathematics, physics, history, ethics ([View Highlight](https://read.readwise.io/read/01k08khjk91jdvn48sxy1wqk5e)) - As Charlie once said, “There is no better teacher than history in determining the future. There are answers worth billions of dollars in a $30 history book.” The same might be said of Poor Charlie’s Almanack. It is the ultimate value investment. ([View Highlight](https://read.readwise.io/read/01k08kk978se7rz5vscnetcth2)) - ForewordBuffett on Mungerby Warren E. Buffett ([View Highlight](https://read.readwise.io/read/01k08kknja1sa2qba4txjcdyv0)) - From 1733 to 1758, Ben Franklin dispensed useful and timeless advice through Poor Richard’s Almanack. Among the virtues extolled were thrift, duty, hard work, and simplicity. ([View Highlight](https://read.readwise.io/read/01k08kktybdfxkzchnzbtsfrmn)) - Life under Ben’s rules began to look positively cushy compared with the rigor demanded by Munger. ([View Highlight](https://read.readwise.io/read/01k08km9w40evrtkrtxmgx8jx1)) - Since 1964, when Warren—and, some years later, Charlie—assumed management of Berkshire, its market value has increased an astonishing 13,500 times, from $10 million to roughly $135 billion ([View Highlight](https://read.readwise.io/read/01k11b00k6w7j48bweeyrh6113))