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Poor Charlie's Almanack

Charles T. Munger · 2005-12-01

Charlie Munger's collected speeches and essays advocate building a 'latticework of mental models' drawn from psychology, physics, biology, mathematics, and history to make better investment and life decisions. His concept of 'inversion' — solving problems by thinking backward about what to avoid — is central to Berkshire Hathaway's risk management. The book is also a masterclass in identifying human misjudgment through Munger's famous 25 cognitive biases.

The Oxford Ledge takeaway

Munger's mental-models compendium. Multidisciplinary thinking, inversion, lattice-of-models — the textbook for thinking better.

Level IntermediateFirst published 2005

Tagged intermediate in the Ledge Reads catalog: assumes working familiarity with market and accounting basics.

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ISBN-10: 1578645018

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