Poor Charlie's Almanack
Charlie Munger
25 people recommended it in 18 threads, 2015–2024.
What people on Hacker News said
Poor Charlie's Almanac -- can't beat Charlie Munger when it comes to explaining how the world works.
Read them, these three books changed my outlook on life in a big way.
The most memorable use of the phrase to me is Charlie Munger's "Poor Charlie's Almanack". If I recall correctly, whenever he makes a big decision, he runs through a checklist of each of his MMs, to see if that way of thinking gives him any insight into the matter at hand.
Read "poor charlie's almanack" - it will illuminate you on why you should read across different topics. In short, if you only have one mental model (way of thinking) through which you're viewing the world, you will incorrectly apply it to everything around you.
Poor Charlie's Almanac (Charles T. Munger). A library of mental/thinking models can take you a long way.
This book has single-handedly changed my invest strategies and mindset. Instead of trying to buy low and sell high, Berkshire Hathaway holds a large cash position, until they find something they consider to be a sure bet, take a large stake and hold.
Where it comes up
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