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Poor Charlie's Alamanack

By: Peter D. Kaufman - Read: August 6, 2024 - Rating: 6/10

A compilation of Charlie Munger's best speeches. He focuses on the importance of building multi-disciplinary knowledge and understanding "the big ideas from the big disciplines.

Excellent essays on the psychology of human misjudgement, the surprisingly destructive nature of bad practice in corporate accounting, and using the first principles of psychology to design a plan for a $2T business.

His speeches often don't translate well to writing; the transcribed format misses out on delivery and audience reactions, and the pacing and concision are suboptimal for a book.

Many of the topics lacked broad relevance. Rather than presenting a full picture of Munger's thinking, this book felt like a small slice of some of his ideas with lots of repetition across chapters.