Poor Charlie's Almanack
"Poor Charlie's Almanack" is a collection of wisdom and insights from Charles T. Munger, the vice chairman of Berkshire Hathaway. The book emphasizes the importance of multidisciplinary thinking, rational decision-making, and the value of lifelong learning. Through anecdotes, speeches, and lessons, Munger shares his philosophy on investing, business, and life.
19 curated highlights from this book
Key Insights & Memorable Quotes
Below are the most impactful passages and quotes from Poor Charlie's Almanack, carefully selected to capture the essence of the book.
The best thing a human being can do is to help another human being know more.
You must know the big ideas in life and how to deal with them.
The ability to see things from different perspectives is crucial.
To get what you want, you have to deserve what you want.
It's not supposed to be easy. Anyone who finds it easy is stupid.
If you can't decide, the choice is made for you.
The best way to get what you want is to deserve what you want.
You can’t know where you’re going if you don’t know where you’ve been.
Life is too short to be a boring person.
In the end, you’re going to be judged by your actions.
You don't have to be smarter than the rest; you just have to be more rational.
It’s not supposed to be easy. Anyone who finds it easy is stupid.
If you keep learning all the time, you have a huge advantage.
Take a simple idea and take it seriously.
The world is full of foolish people, and it’s easy to be one of them.
In the end, it’s not what you buy, it’s what you learn.
You have to be patient and think far into the future.
The ability to focus attention on important things is a defining characteristic of intelligence.
You can’t climb the ladder of success dressed in the costume of failure.