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Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

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I first came across Poor Charlie’s Almanack in my 20s, when I was trying to learn everything I could about what made successful businesses tick. As I leafed through its oversize pages, I found it to be a refreshing rebuttal of conventional financial wisdom, delivered with unusual simplicity and candor. Never before had I heard a venerated businessperson express such trenchant insights about investing, finance, and the world more broadly, and with such—to use a favored Munger phrase—chutzpah. 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. Years after that first encounter with “Poor Charlie,” I had the privilege of meeting Charlie at his home in Los Angeles. I was delighted to find that he is just as engaging and intellectually curious in person as he is on the page. (He also, I discovered, has considerably more stamina than I do—more than four hours int

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