窮查理的普通常識(增修版):巴菲特50年智慧合夥人查理.蒙格的人生哲學

窮查理的普通常識(增修版):巴菲特50年智慧合夥人查理.蒙格的人生哲學

  • Downloads:1915
  • Type:Epub+TxT+PDF+Mobi
  • Create Date:2021-03-28 11:16:15
  • Update Date:2025-09-06
  • Status:finish
  • Author:Charles T. Munger
  • ISBN:986777857X
  • Environment:PC/Android/iPhone/iPad/Kindle

Summary

EXPANDED THIRD EDITION includes Charlie's 2007 USC Law School Commencement address。 Edited by Peter D。 Kaufman。 Brand New。

Download

Reviews

Yijia Chen

Why are there so many typos in this book? Is it just my print?

Bhuvanesh Kandasamy

The book shows some light into Charlie Munger's mind and wisdom。 He shares his core values and thoughts of leading a better life。 He explains the importance of having a multi-dimensional perspective of disciplines to solve problems in this complex world。 He also explains the importance of becoming a learning machine to become successful in this ever changing world。 His example of solving a Coca-Cola problem will blow your mind。 The psychology of misjustments chapter will give an idea of what he The book shows some light into Charlie Munger's mind and wisdom。 He shares his core values and thoughts of leading a better life。 He explains the importance of having a multi-dimensional perspective of disciplines to solve problems in this complex world。 He also explains the importance of becoming a learning machine to become successful in this ever changing world。 His example of solving a Coca-Cola problem will blow your mind。 The psychology of misjustments chapter will give an idea of what he tries to avoid/takes note in approaching problems。 The book needs to be read more than once to get a complete understanding of his wisdom! 。。。more

Malik Bedar Bakht

Life changing book。

B K

The aspects on mental models, and human psychology were lifechanging。 I Will read again where I have more of an understanding regarding investing, finance and economics。

Nik

Very good compendium of presentations by this Charles。It gives a very interesting perspective of so many things that are mixed with finances and investments, from psychology, understanding, education and much, much common sense。A bit of a long reading but it is well worth it and ends up being entertaining even though it sometimes uses somewhat elaborate terms。

Chris Loveless

A real bear of a giant encyclopedia like book。 Book probably weighs 10 pounds。 Book is huge and sits better on a coffee table than a bookshelf。Munger is extremely bright, inquisitive and like buffet is constantly learning and reading。 Buffet and munger are probably a perfect match for each other 。 His knowledge about countless subjects and subjects he has no formal education on is incredible。The authors and munger do a real nice job describing his upbringing and beliefs especially around the rig A real bear of a giant encyclopedia like book。 Book probably weighs 10 pounds。 Book is huge and sits better on a coffee table than a bookshelf。Munger is extremely bright, inquisitive and like buffet is constantly learning and reading。 Buffet and munger are probably a perfect match for each other 。 His knowledge about countless subjects and subjects he has no formal education on is incredible。The authors and munger do a real nice job describing his upbringing and beliefs especially around the right character a person should have。 The 12 talks or presentations in the book are very interesting and relatable。 At a number of times he is questioned to provide his 3 investment keys to success or life in general。 His responses are always witty and lacking the questioners desired response as he can’t name 3 and probably has 45 different investment criteria he and buffet consider。Berkshires and Graham’s thoughts on margin of safety is quite fascinating。 Throughout the book the authors and munger do an amazing job quoting countless famous orators, scientists, Ben Franklin, etc on important life lessons。 A real gem of a book which will provide countless history lessons including the person who created cash registers。 Book will probably go up in value as munger who is 97 won’t be at many future shareholders meetings。 This years is in California。 An amazing read that will take awhile to get through but leaves the reader savoring the important life lessons that are shared。 。。。more

Jeremy Lee

I intend to reread。 I leave my sword to those who can wield it。

Ervent G

I have always thought, that specialization is the key to mastery。 After reading Charlie’s Almanack, i realized that i am chasing after the wrong things。 This book is not just an autobiography, it is also an investment, history and most of its part, a self-help book。 This book is definitely worth rereading。 Favorite takeaways:- Prescription to misery: to learn everything you possibly can from your own mistake- Don‘t learn with great rapidity。 The game is to keep learning。- The iron rule of life i I have always thought, that specialization is the key to mastery。 After reading Charlie’s Almanack, i realized that i am chasing after the wrong things。 This book is not just an autobiography, it is also an investment, history and most of its part, a self-help book。 This book is definitely worth rereading。 Favorite takeaways:- Prescription to misery: to learn everything you possibly can from your own mistake- Don‘t learn with great rapidity。 The game is to keep learning。- The iron rule of life is that only 20% of the people can be in the top fifth。- Succeeding by making the world easy for ourselves, not by solving hard problems- Everything should be made as simple as possible, but no more simple。- Take a simple idea and take it very seriously- learn it all to fluency, like it or not- 25 tendencies of human misjudgement 。。。more

TiSh

Third edition。 I really liked Charlie's humour。 As much as he claims to be a businessman, the last talk was actually quite academic。 Unintended I'm sure, but still。 I need to get on his level! Hope he stays around for at least another decade。 Third edition。 I really liked Charlie's humour。 As much as he claims to be a businessman, the last talk was actually quite academic。 Unintended I'm sure, but still。 I need to get on his level! Hope he stays around for at least another decade。 。。。more

Frances Liu

My third time reading this book。 Still found something new。 I’m intended to read it at least once a year for the next 3 years。 Basically Charlie just briefly touch on the tip of an iceberg in every speech。 The rest of the icebergs requires us to explore independently。 Charlie just showed us the rabbit hole unfortunately。

E。T。

本书排版绝了!前三章大量复制粘贴的查理以外的人的语录,没有指导意义的商业互吹,毫无意义的插画,重复的语句,十多页可以说清楚的事,拖沓了150多页。非常影响阅读体验。直接看第四章即可。整本书重复的内容实在是太多了,前面介绍初次引出碎片观点,演讲间内容重复多次,演讲后点评回顾重复1次,配图插画再重复1次。有的内容确实很经典,查理本人的重复算是强调知识点的重要性,出版社在编排上的重复就是在糊弄了,实在恶心!查理的投资理念并不适合普通人。他强调通过自创的“多元思维模型”评估筛选出优质股票,然后重仓投资。而普通人就卡在了筛选出这样的股票上了。如果强行模仿,很可能把股票投资变成了赌博。反而查理所鄙夷的“只买便宜的股票”的格雷厄姆投资理念比较适合普通人,简单易行好操作。但他的生活、学习和决策方法中的:1。 逆向思维2。 学习大量跨学科的基础知识3。 核查检查清单4。 先做不喜欢但必要完成的任务,再奖励自己喜欢的任务就很有借鉴意义。查理芒格阅读建议:1。 传记2。 数学 (复利 & 排列组合)3。 会计学 (复式簿记)4。 硬科学(数学;化学;物理学:临界质量;工程学:质量控制理论、后备系统、断裂点理 本书排版绝了!前三章大量复制粘贴的查理以外的人的语录,没有指导意义的商业互吹,毫无意义的插画,重复的语句,十多页可以说清楚的事,拖沓了150多页。非常影响阅读体验。直接看第四章即可。整本书重复的内容实在是太多了,前面介绍初次引出碎片观点,演讲间内容重复多次,演讲后点评回顾重复1次,配图插画再重复1次。有的内容确实很经典,查理本人的重复算是强调知识点的重要性,出版社在编排上的重复就是在糊弄了,实在恶心!查理的投资理念并不适合普通人。他强调通过自创的“多元思维模型”评估筛选出优质股票,然后重仓投资。而普通人就卡在了筛选出这样的股票上了。如果强行模仿,很可能把股票投资变成了赌博。反而查理所鄙夷的“只买便宜的股票”的格雷厄姆投资理念比较适合普通人,简单易行好操作。但他的生活、学习和决策方法中的:1。 逆向思维2。 学习大量跨学科的基础知识3。 核查检查清单4。 先做不喜欢但必要完成的任务,再奖励自己喜欢的任务就很有借鉴意义。查理芒格阅读建议:1。 传记2。 数学 (复利 & 排列组合)3。 会计学 (复式簿记)4。 硬科学(数学;化学;物理学:临界质量;工程学:质量控制理论、后备系统、断裂点理论。)5。 生物学(社会性昆虫)和生理学6。 心理学 (误判心理学,行为心理学,邪教洗脑)7。 微观经济学 (专利权、商标权、特许经营权) 。。。more

Chris Torregosa

If you love Ray Dalio's book, Principles, you will surely love this book more。 If you love Ray Dalio's book, Principles, you will surely love this book more。 。。。more

Brahm

Poor Charlie's Almanack is modeled after Ben Franklin's Poor Richard's Almanack; a collection of history, talks and wisdom of Charlie Munger, Warren Buffet's #2 man at Berkshire Hathaway。 I really enjoyed all of the content。 There is some history, some content around Charlie's decision-making framework, a bunch of random "Mungerisms" (Charlie quotes), and transcripts of eleven talks he's given to different audiences, reproduced with a brief, updated reflection after each。 Charlie is erudite; sel Poor Charlie's Almanack is modeled after Ben Franklin's Poor Richard's Almanack; a collection of history, talks and wisdom of Charlie Munger, Warren Buffet's #2 man at Berkshire Hathaway。 I really enjoyed all of the content。 There is some history, some content around Charlie's decision-making framework, a bunch of random "Mungerisms" (Charlie quotes), and transcripts of eleven talks he's given to different audiences, reproduced with a brief, updated reflection after each。 Charlie is erudite; self-taught across many disciplines and able to synthesize insights across disciplines, time and history。 It's not a book about investing or finance, it's more about ethics, morality, human psychology, general business, sound judgement, and history。 Some of Charlie's collected quotes I am going to take away: - "What you measure is what you get" - Jack Welch of GE - "If you were to persuade, appeal to to interest and not to reason" - Ben Franklin。 - The iron rule of communication from Carl (C。F。) Braun, who built over 250 petrochemical plants: If you're issuing a directive, you must specify Who is going to do What, When, Where and most importantly Why。 Apparently not including the Why was a fireable offence。 I think we can all agree that when the "Why" is missing from company/organization policies, instructions from your boss, or requests from a colleague, it is very frustrating。 This is a big coffee table hardcover; about 12" by 12" and maybe 1。5" thick。 A big monster。 I have to credit this book with opening up a new reading style for me。 It turns out a coffee table book is perfect to read at the table over one's morning coffee or solo meals, as it holds itself open to the right page。 So I'm looking forward to tackling at least 2 more large coffee table books in my collection that I've only flipped through but never read。 Two minor complaints。 One, all core content on each page was framed by sidebars of random facts and trivia collected by the editor。 While interesting, trying to take in all this errata interrupted the flow of reading the talks (which read well as essays)。 Two, the editor takes key sentences in the middle of a talk/essay, and reproduces them in the middle of that essay in a larger font and bolded (you know what I mean, like a magazine article?)。 My complaint, and maybe I am just not reading carefully enough, is that SOMETIMES this impact text appeared in the talk and was redundant, and SOMETIMES it did not appear in the talk, and was part of the talk's flow。 So again: interrupting the flow of the key content。 This book hit my radar because it was one of Neil Pasricha's top 20 reads of 2020 (great monthly email newsletter about books)。 I suspect Neil got the recommendation from Shane Parrish when Neil was a guest on the Knowledge Project podcast in mid-2020, as Shane is a Munger super-fan。 I have a copy of this huge, relatively rare/obscure coffee table book available to lend out if my Saskatoon friends are curious。 If you think you might like it you probably will, but I think the 4。51 rating is over-inflated。 。。。more

Nero Desu

One of the most interesting and in-depth book about life。 Charlie has filled it up with anecdotes (as far as I remember, haven't reread it in a while) and proverbs。 I'm mostly keen on the last chapter that I remember to some kind of degree, "The Psychology of Human Misjudgments", which I've also taken notes of。 A read for anyone and everyone One of the most interesting and in-depth book about life。 Charlie has filled it up with anecdotes (as far as I remember, haven't reread it in a while) and proverbs。 I'm mostly keen on the last chapter that I remember to some kind of degree, "The Psychology of Human Misjudgments", which I've also taken notes of。 A read for anyone and everyone 。。。more

Martin Yau

This book provides an excellent insight into human psychology in a series of talks Charlie Munger gave over the years。 The psychological traits are described in a coherent manner with good examples。 The last chapter summarises the main points made in the book。The only slight downside about this book is that it is that if the reader does not read the book properly they may be unable to fully understand the important points outlined, and the explanations about some points may seem convoluted。The a This book provides an excellent insight into human psychology in a series of talks Charlie Munger gave over the years。 The psychological traits are described in a coherent manner with good examples。 The last chapter summarises the main points made in the book。The only slight downside about this book is that it is that if the reader does not read the book properly they may be unable to fully understand the important points outlined, and the explanations about some points may seem convoluted。The author has done his best to keep the contents as coherent and succinct as possible, which was not an easy task。The 3 most important lessons are;1。 Keep learning and acknowledge weaknesses2。 Learn from a wide variety of disciplines, and3。 Look at problems from multiple angles in order to work out the best solution to solve them。I would recommend this book to anyone who is interested in improving their life skills, psychological understanding and wisdom。 。。。more

Calvin

REVISIT THIS BOOK 2022 FEB 1ST

Must C。 Ann

"I have nothing to add。" :) "I have nothing to add。" :) 。。。more

Artur

The editor did a horrible job with this book。 Most books are unnecessarily long, but this one was the biggest waste ever。 Instead of adding 10 speeches, he could just distill it to some condensed takeaways。 Many speeches were overlapping over and over again。 Simply don’t get how this book has so many good reviews。 Not disagreeing with the wisdom inside。 Just not a good in my opinion

Suhag Patel

Superb Book when it comes to critical thinking , I learned a lot form Legendary investor

Armando Hysenaj

Valuable lessons regarding Investment strategies, psychology, human natyre and a lot of good book recommendations by Charlie。

Junhui

A book of worldly wisdom。

Mario Lopez

En realidad, me parece que idealice este libro y al final me pareció un poco repetitivo y algo complicado de leer。。 buenas recomendaciones y algunas frases de sabiduría pero esperaba mas。Creo que hay mejores alternativas para conocer las alternativas de mapas mentales que ofrece este libro。

Ruyi Chiang

I had tried to read this book five years ago but couldn't understand a word。 This year, I decided to give it another try。 I was amazed that I couldn't even put the book down this time。 The book is full of wisdom from Charles Munger。 It helps me understand the philosophy behind Berkshire Hathaway。 I'm wondering if it's because I started investing or purely because I have grown a few years wiser。From the collection of Munger's speeches, it allows us to peak at his wisdom and learn from them。 Here I had tried to read this book five years ago but couldn't understand a word。 This year, I decided to give it another try。 I was amazed that I couldn't even put the book down this time。 The book is full of wisdom from Charles Munger。 It helps me understand the philosophy behind Berkshire Hathaway。 I'm wondering if it's because I started investing or purely because I have grown a few years wiser。From the collection of Munger's speeches, it allows us to peak at his wisdom and learn from them。 Here are a few of my key takeaways:1) never stop learning: lifelong learning2) grow multidisciplinary approach and gain practice based influency: Munger mentioned a few key disciplines to help us understand the reality in a thorough way。 Psychology is one of the mostly mentioned disciplines。3) think backwards4) establish a checklist for your mental model 。。。more

Tiago Soares

Maybe the expectations for this book were too high, and as a result, the book did not correspond to what I expected。 I heard quite a lot about this book! It's one of those that you can't get easier, and I had to buy it from USA since it is not sold in Europe。 So。。。 when I started to read it, I was like: is this it?! The structure of the book isn't that good (when in comparison to what is done nowadays) and the info on it is nothing more than some boring stories/advice that some people got from C Maybe the expectations for this book were too high, and as a result, the book did not correspond to what I expected。 I heard quite a lot about this book! It's one of those that you can't get easier, and I had to buy it from USA since it is not sold in Europe。 So。。。 when I started to read it, I was like: is this it?! The structure of the book isn't that good (when in comparison to what is done nowadays) and the info on it is nothing more than some boring stories/advice that some people got from Charles T。 Munger。 Now, most of what you will read here, you have heard or read somewhere else - this of course, if you know/follow Charles T。 Munger。 What is in the book is good advice of course。 Look at how successful he is。 What is not good is the way it is presented (A LOT OF UNNECESSARY DETAILS) and the fact that you can listen to most of what you read here。I read half of it and I was done。 And it was a stretch for me。 The rest of it, were talks, that you can find on YouTube。 My advice to you would be: go to YouTube, search for his talks, and take notes。 TAKE NOTES。 。。。more

Daniel Ramos

Top 3 VizualizeValue Instagram reccomnedations

Attila

Review:Charles T。 Munger is an investment legend, it was very interesting to read his thoughts on life。He said that his investment success is a result from his life style, this is not a separate thing。 You should be kind in life and rational in business。It was very long, and because they were talks there was very little connection between them。Main points:(view spoiler)[rational in businessanalysis of both the internal workings of the business and the larger integrated ecosystemhe determines the Review:Charles T。 Munger is an investment legend, it was very interesting to read his thoughts on life。He said that his investment success is a result from his life style, this is not a separate thing。 You should be kind in life and rational in business。It was very long, and because they were talks there was very little connection between them。Main points:(view spoiler)[rational in businessanalysis of both the internal workings of the business and the larger integrated ecosystemhe determines the most promising investment "models," projecting that the insight came easilyhave a deep knowledge of elementary probability math - thinks in terms of decision treeswait with patience for a great investment, you only have to invest in a few companiesyou have to time the purchase, don’t rush itstock is the ownership of the business, quality of business based on its competitive advantagehonesty is very important in real lifeCuriosity, concentration, perseverance, and self-criticismknow to accountdiscriminate between when technology is going to help you and when it's going to kill youknow markets that you are interested in and you have an edgedon’t get too bogged down in avoiding taxeslive with changeYou don't have to be brilliant, only a little bit wiser than the other guys, on average, for a long timeIf enough people are profiting in a general social climate of doing wrong, then they'll turn on you and become dangerous enemies if you try and blow the whistlemake everything simpletake a simple, basic idea and take it very seriouslyin the US in a public company, shareholders are top priority compared to other countriesYou want to deliver to the world what you would buy if you were on the other end。when we love or hate something, we tend to ignore the fault or goods in itremove doubtswe want to be consistentwhen we get something, we want to give backif you associate sg with good things, people will want to buy itif sg is removed from us, we act badlysocial proof, you assume that others know more than you(hide spoiler)] 。。。more

Alejandro Sanoja

This is the BEST book I read in December 2020。 We should be grateful that Mr。 Munger, and Peter D。 Kaufman, took the time to write this book and share it with the world。 You will upgrade your thinking and your brain by reading this book。 Flow: 5/5Actionability: 5/5Mindset: 5/5Some of My Highlights:"That sounds funny, making friends among 'the eminent dead。' but if you go through life making friends with the eminent dead who had the right ideas, I think it will work better for you in life and wor This is the BEST book I read in December 2020。 We should be grateful that Mr。 Munger, and Peter D。 Kaufman, took the time to write this book and share it with the world。 You will upgrade your thinking and your brain by reading this book。 Flow: 5/5Actionability: 5/5Mindset: 5/5Some of My Highlights:"That sounds funny, making friends among 'the eminent dead。' but if you go through life making friends with the eminent dead who had the right ideas, I think it will work better for you in life and work better in education。 It's way better than just giving the basic concepts。""I had long believed I had a social defect in my tendency to gain enthusiasm in the course of telling others what I thought they should know。""And Cicero's words also increased my personal satisfaction by supporting my long-standing rejection of a conventional point of view。""Cicero, learned man that he was, believed in self-improvement so long as breath lasts。""To this end, he points out that Agamemnon in the war of Troy 'never once wished for ten more men with the strength of Ajax but, instead, wanted the more with the wisdom of Nestor。'""In this way Cicero is still being helpful more than two thousand years after Mark Anthony tried to rid the world of his influence。""Father's ability to Chinese wall off the most intrusive distractions from whatever mental task he engaged in -a practice alternatively amusing and irritating if you were trying to get his attention- accounts as much as anything else for his success。""。。。but if he wants to offer serious counsel to one of his children, he is more likely to couch the message in an anecdote, preferably delivered in a group setting so that no one is singled out。""The 'self-taught' statement is no exaggeration; he once said, 'To this day, I have never taken any course, anywhere, in chemistry, economics, psychology, or business。'""As Jesse Livermore said, 'The big money is not in the buying and selling。。。 but in the waiting。'""It's kind of fun to sit there and outthink people who are way smarter than you are because you've trained yourself to be more objective and more multidisciplinary。 Furthermore, there is a lot of money in it, as can testify from my own personal experience。""This habit of committing far more time to learning and thinking than to doing is no accident。""Taking advantage of a cheap stock price on the stock exchange is one thing, but taking advantage of partners or old ladies is something else - something Charlie just doesn't do。""You ought to have an internal compass。 SO there should be all kinds of things you won't do even though they're perfectly legal。""Most people would look back and say their worst mistake was not firing someone soon enough。""Really good investment opportunities aren't going to come along too often and won't last too long, so you've got to be ready to act。 Have a prepared mind。""If you take the best text in economics by Mankiw, he says intelligent people make decisions based on opportunity costs - in other words, it's your alternatives that matter。""Abraham Lincoln once asked: 'How many legs does a dog have if you call the tail a leg? Four。 Calling a tail a leg doesn't make it a leg。'""There's an important lesson here: Once wrongdoers get rich, they get enormous political power and you can't stop it, so the key is to nip things like this in the bud。""You must know the big ideas in the big disciplines and use them routinely - all of them, not just a few。""Keynes said, 'It's not bringing in the new ideas that's so hard。 It's getting rid of the old ones。'""We read a lot。 I don't know anyone who's wise who doesn't read a lot。 But that's not enough: You have to have a temperament to grab ideas and ho sensible things。 Most people don't grab the right ideas or don't know what to do with them。" 。。。more

Nikos Korexenidis

It has some diamonds in it and wisdom not only about wealth but life in general , the only problem is that it is not organized and you have to dig to find them anda takes notes to make actionable steps for you investing and everyday lifef 。

Olatomiwa Bifarin

Charles T Munger is a nonagenarian billionaire who thinks with his head, and powerfully so。 This book has been sitting on my shelf for years, but I recently had the courage to pick it up。 It requires a decent amount of time investment as it is a fairly large book。 Here, Charlie documents his mental models which is heavily multidisciplinary notably in psychology, systems thinking, micro-economics etc。 Charlie is widely known as the right-hand man to another billionaire, Warren Buffet。

Jannis Giavridis

First part's a little tedious to read。 But the ideas and values shared by Charlie, while incredibly simple are also incredibly valuable。 First part's a little tedious to read。 But the ideas and values shared by Charlie, while incredibly simple are also incredibly valuable。 。。。more