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Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger Hardcover – December 5, 2023


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From the legendary vice-chairman of Berkshire Hathaway, lessons in investment strategy, philanthropy, and living a rational and ethical life.

“A timeless classic that will change how you approach life. There is a billion-dollar education inside this book.”
—Shane Parrish, founder of Syrus Partners and Farnam Street


“Spend each day trying to be a little wiser than you were when you woke up,” Charles T. Munger advises in
Poor Charlie’s Almanack. Originally published in 2005, this compendium of eleven talks delivered by the legendary Berkshire Hathaway vice-chairman between 1986 and 2007 has become a touchstone for a generation of investors and entrepreneurs seeking to absorb the enduring wit and wisdom of one of the great minds of the 20th and 21st centuries. 

Edited by Peter D. Kaufman, chairman and CEO of Glenair and longtime friend of Charlie Munger—whom he calls “this generation’s answer to Benjamin Franklin”—this abridged Stripe Press edition of Poor Charlie’s Almanack features a brand-new foreword by Stripe cofounder John Collison.  

Poor Charlie’s Almanack draws on Munger’s encyclopedic knowledge of business, finance, history, philosophy, physics, and ethics—and more besides—to introduce the latticework of mental models that underpin his rational and rigorous approach to life, learning, and decision-making. Delivered with Munger’s characteristic sharp wit and rhetorical flair, it is an essential volume for any reader seeking to go to bed a little wiser than when they woke up.

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From the Publisher

poor charlies almanack, wealth management, personal finance, finance, charles munger, peter kaufman

Praise for Poor Charlie's Almanack

poor charlies almanack, wealth management, personal finance, finance, charles munger, peter kaufman

poor charlies almanack, wealth management, personal finance, finance, charles munger, peter kaufman

poor charlies almanack, wealth management, personal finance, finance, charles munger, peter kaufman

poor charlies almanack, wealth management, personal finance, finance, charles munger, peter kaufman

Selling thousands of copies, year after year.

“This book is something of a publishing miracle—never advertised, yet year after year selling many thousands of copies from its internet site.”

—Warren Buffett, CEO of Berkshire Hathaway

A billion-dollar education inside this book.

Poor Charlie’s Almanack is a timeless classic that will change how you approach life. There is a billion-dollar education inside this book.”

—Shane Parrish, founder of Syrus Partners and Farnam Street

For anyone interested in thinking clearly, rationally, and effectively.

“This book is the best way to learn from Munger and his ideas. It’s a must-read for anyone interested in thinking clearly, rationally, and effectively.”

—Ana Lorena Fabrega, author, educator, and chief evangelist at Synthesis

Charlie Munger’s insights are timeless.

“Charlie Munger’s insights are timeless. Some of these speeches were delivered over 20 years ago, but they feel like they could have been given yesterday.”

—Tyler Hogge, venture partner at Pelion

Charles T Munger, finance, wealth management, poor charlies almanack

About the author

Charles T. Munger is an investor, businessman, and former real estate attorney. He is the vice-chairman of Berkshire Hathaway, the multinational conglomerate controlled by Warren Buffett. He was chairman of Wesco Financial Corporation from 1984 to 2011. He is also chairman of the Daily Journal Corporation and a director of Costco Wholesale Corporation.

Peter D Kaufman, finance, wealth management, poor charlies almanack

About the editor

Peter D. Kaufman is the chairman and CEO of Glenair, Inc. He was a longtime director of Wesco Financial Corporation and is a current director of Daily Journal Corporation. In 2005, he edited and published Poor Charlie’s Almanack, a compilation of talks given by his longtime friend Charlie Munger.

Stripe Press publishes books about economic, technological, and scientific advancement.

About the publisher

Stripe Press publishes books about economic, technological, and scientific advancement.

Stripe partners with hundreds of thousands of the world’s most innovative businesses—organizations that will shape the world of tomorrow. These businesses are the result of many different inputs. Perhaps the most important ingredient is "ideas." Stripe Press highlights ideas that we think can be broadly useful. Some books contain entirely new material, some are collections of existing work reimagined, and others are republications of previous works that have remained relevant over time or have renewed relevance today.

Recent titles by Stripe Press:

  • Scaling People by Claire Hughes Johnson
  • Pieces of the Action by Vannevar Bush
  • Where Is My Flying Car? by J. Storrs Hall

Editorial Reviews

Review

“This book is something of a publishing miracle—never advertised, yet year after year selling many thousands of copies from its Internet site.” 
—Warren Buffett, CEO of Berkshire Hathaway


“Charlie Munger was born before corporate speak, before business leaders minced words to obscure truths. But Charlie Munger’s words have always cut like a knife—and that sharp spirit of truth-seeking built Berkshire into what it is today. We should all aspire to such clarity.”
—Katherine Boyle, general partner at a16z

Poor Charlie’s Almanack is a timeless classic that will change how you approach life. There is a billion-dollar education inside this book.”
—Shane Parrish, founder of Syrus Partners and Farnam Street


“This book is the best way to learn from Munger and his ideas. It’s a must-read for anyone interested in thinking clearly, rationally, and effectively.”

—Ana Lorena Fabrega, author, educator, and chief evangelist at Synthesis


“Charlie Munger’s insights are timeless. Some of these speeches were delivered over 20 years ago, but they feel like they could have been given yesterday.”
—Tyler Hogge, venture partner at Pelion

“If I could only read one book to help me succeed in life and business, this is the book I’d read. Charlie’s timeless wisdom has inspired millions and will continue to resonate for generations to come.” 
—David Senra, creator of the Founders podcast

“This book is indispensable reading that will benefit investment professionals and retail investors alike… The rerelease of Munger’s bountiful wit and wisdom is a celebration of nearly a century of success and deserves to be at the top of our reading lists.”
—Ian  Robertson, CFA Institute

About the Author

Charles T. Munger (1924–2023) was an investor, businessman, and former real estate attorney. He was the vice-chairman of Berkshire Hathaway, the multinational conglomerate controlled by Warren Buffett. He was chairman of Wesco Financial Corporation from 1984 to 2011. He was also chairman of the Daily Journal Corporation and a director of Costco Wholesale Corporation.

Peter D. Kaufman is the chairman and CEO of Glenair, Inc. He is a former director of Wesco Financial Corporation and Daily Journal Corporation. In 2005, he edited and published Poor Charlie’s Almanack, a compilation of talks given by his longtime friend Charlie Munger. He lives in California.

Warren E. Buffett is the chairman and CEO of Berkshire Hathaway.


John Collison is the cofounder and president of Stripe, which builds financial infrastructure for the internet.

Product details

  • Publisher ‏ : ‎ Stripe Press (December 5, 2023)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 384 pages
  • ISBN-10 ‏ : ‎ 1953953239
  • ISBN-13 ‏ : ‎ 978-1953953230
  • Item Weight ‏ : ‎ 1.95 pounds
  • Dimensions ‏ : ‎ 6.25 x 1.25 x 9.25 inches
  • Customer Reviews:

About the authors

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Customer reviews

4.6 out of 5 stars
1,360 global ratings

Customers say

Customers find the book full of wisdom and fun stories that make it easy to read and think about own experiences. Opinions differ on readability, with some finding it easy-to-read and others saying it's confusing and out of order.

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18 customers mention "Content"18 positive0 negative

Customers find the book full of wisdom, relatable, and intentional. They also say the author is pure genius and down to earth. Readers appreciate the fun stories and timeless common sense with humor.

"Charlie Munger was a great thinker and quite humorous. I don't read a lot, but I've burned through over 130 pages in about 2 hours...." Read more

"This book has plenty of good advices and it is worth the time and money spent...." Read more

"...Lots of fun stories make it easy to read and to think about own experiences." Read more

"...Very thought provoking.Took 3 months to arrive, but well worth the wait." Read more

13 customers mention "Readability"5 positive8 negative

Customers are mixed about the readability. Some find the interviews in the book very easy to read, enjoyable, and down to earth. However, others say the book is disjointed, complex, and confusing to even try to enjoy reading. They also say the chapters are not well organized and the information is not that helpful.

"A little difficult to follow at times because my mind tended to wander with the wit and humor of Charlie Munger. I enjoyed the book immensely...." Read more

"...Lots of fun stories make it easy to read and to think about own experiences." Read more

"...There were several pages in there twice and out of order...." Read more

"Excellent thoughts on how to think. First few chapters were a little repetitive, but that is part of the technique." Read more

For a gift, nice packaging and condition for the hard cover
5 out of 5 stars
For a gift, nice packaging and condition for the hard cover
This is for a gift, but it came in a box, looks in pristine condition and has its plastic around it for extra protection. I like how fast the shipping was and how nice the hard cover looks. Hope they like the gift!
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Top reviews from the United States

Reviewed in the United States on June 16, 2024
Charlie Munger was a great thinker and quite humorous. I don't read a lot, but I've burned through over 130 pages in about 2 hours. I loved his speech about all the ways you can make yourself miserable in your pursuit to be happy. Just a wonderful read thus far.
One person found this helpful
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Reviewed in the United States on June 11, 2024
A little difficult to follow at times because my mind tended to wander with the wit and humor of Charlie Munger. I enjoyed the book immensely. Loved the example about Delta Airlines trying to meet the new evacuation requirement. I bought three copies to give as gifts.
Reviewed in the United States on July 2, 2024
This book has plenty of good advices and it is worth the time and money spent. I will highly recommend this book but it took more than 2 months to arrive even after it was released. So the delivery time was disappointing but the book itself is 10/10.
Reviewed in the United States on May 19, 2024
It’s nice to tap into the wisdom of a great person and feel enlightened through reading. Lots of fun stories make it easy to read and to think about own experiences.
One person found this helpful
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Reviewed in the United States on May 27, 2024
Exposure to the casual wit and extensive wisdom of Charlie Munger primed me to grab the book and try to absorb a bit more. The wit doesn't translate as well to paper as a long life's worth of wisdom does.

The book is structured with an opening section that shares a lot of the life background that prepared Charlie Munger for his future. Starting in post-depression Nebraska working in the Buffet store, then on to law school and much more, the story builds through the early association with Warren Buffet, and the broad learning paths through independent learning and a voracious appetite for knowledge. That appetite for knowledge is an enduring theme throughout the book and his life. Hw worked hard to impart that same love of broad learning and wisdom to family, friends, business associates and students along the way. The lessons and the delivery are both top tier.

The rest of the book is a series of descriptions of lectures Charlie gave later in life primarily at various learning institutions. Primarily law and business schools it seems, but a couple others thrown in too. The common theme is to always be open to learnings from outside your focus discipline, and integrate all those outside learnings to build a broad base to continuously build on.

I'm 20+ years Charlie's junior, and can see where the guidance he shares would have made my early career a bit smoother. That said, I think it would be great for people to read and learn from Charlie starting early, then re-read at life intervals that allow one's own life experiences and situations to benefit from regular course-corrections based on the ideas shared in the book. I know too many youngsters who have attention focus based on continuous screen movement and action; few may initially appreciate the pleasure of reading a good book like this. But a read in mid-teens, and again as major decision points arise, would help most people tremendously.

Some of us have had the great fortune to have mentors along the way. Even if you already have that, adding another lesson or twelve from Charlie can only benefit.

Yes, I highly recommend this book. It should almost be essential reading from those stepping up to and stepping through their lives and careers. It's that good.
5 people found this helpful
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Reviewed in the United States on May 10, 2024
My husband loves this book and has been savoring it for two weeks. Very thought provoking.
Took 3 months to arrive, but well worth the wait.
One person found this helpful
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Reviewed in the United States on April 19, 2024
I have very mixed feelings about this book both because of the way it is organized and the information it contains. The first part of the book is a major disappointment and I almost stopped reading it after slogging through it. It was deep in every negative sense of the word - nothing more than a Charlie Munger suckfest with little substance except for the last 4 pages which provide a list outlining Munger's Investment Principles Checklist.

The most useful part of the book are the talks Munger gave to various audiences dispensing his nuggets of wisdom. However, this part of the book is poorly organized and edited. The first problem is Munger refers to his nuggets as "models" and what he means by that is never defined. You discover through reading that he is talking about things like compound interest - that is one model. Munger had about 100 models he used to analyze companies to determine if their shares or the company was worth buying, but most of those models are not clearly defined in his talks until you get to Talk 11 - the last one in the book. Talk 11 should have been the first one you read so you would know what Munger was talking about in the other talks. Talk 3 for example is full of holes where the editor took out whole sections of Munger's talk because Munger refers to them in later talks the result being that you have no idea what Munger is talking about! This idiotic organization and editing made me want to slam the book to the floor for trying to parse useful tidbits of information out of the text!

I suggest you read the book in reverse, beginning with the last talk so you have a good base of what Munger is talking about in the preceding talks and avoid the negative effects of the stupid editing. You can read Munger's Investment Principles at the end of the suckfest anytime.
21 people found this helpful
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Reviewed in the United States on July 26, 2024
Great information

Top reviews from other countries

Cliente de Amazon
5.0 out of 5 stars Un libro muy bueno
Reviewed in Mexico on July 12, 2024
Hay una buena cantidad de conceptos que aplican
Amazon Customer
5.0 out of 5 stars Interesting perspective and valuable read
Reviewed in Canada on May 22, 2024
Charlie was a bit of a philosopher. A great read for anyone interested in Berkshire approach and Charlie himself.
Juan Monsalve
5.0 out of 5 stars Excelente libro
Reviewed in Spain on July 11, 2024
Buena impresión, buena pasta.

El contenido es inmejorable, no te enseña como invertir per se, pero te enseña otras cualidades que deben existir en un negocio
assetbot solutions llp
5.0 out of 5 stars beautiful print and paper quality
Reviewed in India on July 5, 2024
5 stars all along as it will go in to my treasured collection.
J. Lagrange
5.0 out of 5 stars He really did leave the best for last
Reviewed in the United Kingdom on June 23, 2024
I will likely be re-reading the last talk many many times in the future. His checklist is a true gem of practical thinking.