Poor Charlie's Almanack : The Wit and Wisdom of Charles T. Munger, Expanded Third Edition

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. Subsequently, two centuries went by during which Ben's thoughts on these subjects were regarded as the last word. Then Charlie Munger stepped forth. – Warren Buffett From the Foreword to Poor Charlie's Almanack For the first time ever, the wit and wisdom of Charlie Munger is available in a single volume: all his talks, lectures and public commentary. And, it has been written and compiled with both Charlie Munger and Warren Buffett's encouragement and cooperation. So pull up your favorite reading chair and enjoy the unique humor, wit and insight that Charlie Munger brings to the world of business, investing and life itself. https://www.poorcharliesalmanack.com/pca.php#page1 EXPANDED THIRD EDITION includes Charlie's 2007 USC Law School Commencement address. Contents Acknowledgments Foreword by Warren E. Buffett Rebuttal by Charles T. Munger Introduction by Peter D. Kaufman Chapter One: A Portrait of Charles T. Munger Chapter Two: The Munger Approach to Life, Learning, and Decision Making Chapter Three: “Mungerisms:” Charlie Unscripted The Ten Talks: 20 Years of Charlie Telling It Like It Is 1. Harvard School Commencement Speech 2. A Lesson on Elementary, Worldly Wisdom 3. A Lesson on Elementary Worldly Wisdom Revisited 4. Practical Thought about Practical Thought? 5. Harvard Law School Fiftieth Reunion Address 6. Investment Practices of Leading Charitable Foundations 7. Philanthropy Roundtable 8. The Great Financial Scandal of 2003 9. Academic Economics 10. The Psychology of Human Misjudgment A special compilation talk, with new material written by Charlie exclusively for this book. Investments, Decision Making Cover 1 Copyright 2 Contents 4 Acknowledgments 6 Foreword: Buffet on Munger 8 Rebuttal: Munger on Buffett 11 Introduction 12 Chapter One 16 A Portrait of Charles T. Munger 17 Praising Old Age 41 Remembering: The Children on Charlie 53 Chapter Two 66 The Munger Approach to Life, Learning, and Decision Making 67 Chapter Three 96 Mungerisms: Charlie Unscripted 97 Chapter Four: Eleven Talks 162 1. Harvard School Commencement Speech 164 2. A Lesson on Elementary, Worldly Wisdom 178 3. A Lesson on Elementary, Worldly Wisdom, Revisited 234 4. Practical Thought About Practical Thought? 292 5. Harvard Law School Fiftieth Reunion Address 316 6. Investment Practices of Leading Charitable Foundations 336 7. Philanthropy Roundtable 354 8. The Great Financial Scandal of 2003 370 9. Academic Economics 388 10. USC Gould School of Law Commencement Address 434 11. The Psychology of Human Misjudgment 454 Appendixes 513 I. Recommended Reading Material 513 II. Articles, Editorials, and Opinion Pieces 516 Index 536 [charles T. Munger] ; Foreword By Warren E. Buffett ; Edited By Peter D. Kaufman. Includes Bibliographical References (pages 499-502) And Index. This book is a survey of Charles T. Munger: his approach to learning, decision making, investing, his speeches, his 'zingers', and more