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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Charlie Munger’s early years instilled in him a strong work ethic and philanthropy.
Chapter 3: Munger’s unconventional academic career ultimately shaped him into a truly independent and original thinker.
Chapter 4: A chance meeting at dinner set the stage for Munger’s professional investing career.
Chapter 5: Charlie Munger is a principled investor devoted to conducting business by the highest ethical standards.
Chapter 6: Charlie Munger foresaw the 2008 Global Financial Crisis and helped Berkshire Hathaway avoid harm.
Chapter 7: Good investors learn from their mistakes and aren’t ever afraid to change their minds.
Chapter 8: The most vital qualities an investor can possess are patience and focus.
Chapter 9: To solve problems effectively, an investor must be able to draw on many diverse mental models.
Chapter 10: The best investors recognize their own psychological limits and turn them to their advantage.
Chapter 11: Investors must be able to truly spot the crest of the wave.
Description
Poor Charlie’s Almanack (2005) delves into the life and investment philosophies of one of the world’s most reclusive billionaires: Charles Munger. As vice-chairman of Berkshire Hathaway, Munger has been instrumental in investment decisions that have yielded profits in the billions of dollars. But Munger isn’t only interested in money. In these blinks, you’ll learn about his inspiring ethical investment philosophy, how he espouses the importance of paying taxes, and how he is a devoted philanthropist, donating money to educational institutions and causes like Planned Parenthood.
Who Should Listen
- Investors wanting some tips about how to pick the most lucrative stock
- Economic historians interested in the career of one of the most successful capitalists of our time
- Psychology buffs curious about the mental processes behind investment decisions