Poor Charlie’s Almanack – Book Summary and Key Takeaways

Poor Charlie’s Almanack by Charlie Munger and Peter Kaufman

This is perhaps, after the Intelligent Investor the second-best book ever written on value investing.

The book is truly an eye-opening book into the world and thought processes of Charlie Munger. He describes how and why he thinks the way he does, stresses the importance of learning the basics in the fundamental disciplines in order to avoid becoming “the man with a hammer who sees everything as a nail,” and how this has translated into the enormous success that is Berkshire Hathaway.

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