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Cover of Poor Charlie's Almanack by Charlie Munger

Poor Charlie's Almanack

Charlie Munger · 2005

Munger's speeches, wit, and mental models — the 'latticework' he considers essential for good judgment. He draws from psychology, physics, biology, economics, and philosophy to build a toolkit for thinking clearly. His concept of 'inversion' — solving problems by thinking about what to avoid — is one of the most powerful frameworks in investing. Buffett's intellectual equal, in his own words.

The case against

A coffee-table shrine assembled by admirers: the same speeches repeat the same anecdotes, the mental models get named more often than explained, and the margins cheer Munger on with photos and applause. Inversion is genuinely useful; you will have it by page fifty and hear it ten more times. Worldly wisdom, sold by the pound.

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