Poor Charlie's Almanack: Wisdom from Charles T. Munger

"Poor Charlie's Almanack," edited by Peter D. Kaufman and featuring a new foreword by Stripe cofounder John Collison, offers invaluable insights from Charles T. Munger, the legendary vice-chairman of Berkshire Hathaway. Originally published in 2005, this book is a collection of eleven speeches delivered by Munger between 1986 and 2007, revered for its wit and wisdom across generations of investors and entrepreneurs.

Shane Parrish, founder of Syrus Partners and Farnam Street, describes it as a "timeless classic" and a "billion-dollar education." Munger's advice to "spend each day trying to be a little wiser than you were when you woke up" encapsulates the essence of the book.

"Poor Charlie's Almanack" showcases Munger's extensive knowledge spanning business, finance, history, philosophy, physics, and ethics. It introduces readers to his rational, rigorous approach to life and decision-making, emphasizing the importance of mental models.

Delivered with Munger's characteristic sharp wit, the book is an essential read for anyone aspiring to enhance their understanding and wisdom. Charles T. Munger (1924-2023), renowned for his roles at Berkshire Hathaway, Wesco Financial Corporation, Daily Journal Corporation, and Costco Wholesale Corporation, leaves behind a legacy of pragmatic wisdom and ethical living.

Peter D. Kaufman, chairman and CEO of Glenair, Inc., and a former director of Wesco Financial Corporation and Daily Journal Corporation, brings together Munger's teachings in this must-have compilation for those seeking to go to bed wiser than when they woke up.