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  • Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

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Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

4.6 out of 5 stars (2,844)

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From the legendary vice-chairman of Berkshire Hathaway, lessons in investment strategy, philanthropy, and living a rational and ethical life.

"A timeless classic that will change how you approach life. There is a billion-dollar education inside this book."—Shane Parrish, founder of Syrus Partners and Farnam Street

"Spend each day trying to be a little wiser than you were when you woke up," Charles T. Munger advises in Poor Charlie’s Almanack

Originally published in 2005, this compendium of eleven talks delivered by the legendary Berkshire Hathaway vice-chairman between 1986 and 2007 has become a touchstone for a generation of investors and entrepreneurs seeking to absorb the enduring wit and wisdom of one of the great minds of the 20th and 21st centuries.

Poor Charlie’s Almanack draws on Munger’s encyclopedic knowledge of business, finance, history, philosophy, physics, and ethics—and more besides—to introduce the latticework of mental models that underpin his rational and rigorous approach to life, learning, and decision-making. Delivered with Munger’s characteristic sharp wit and rhetorical flair, it is an essential volume for any reader seeking to go to bed a little wiser than when they woke up.

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From the Publisher

Poor Charlie’s Almanack by Charles T. Munger

Praise for Poor Charlie’s Almanack

Poor Charlie’s Almanack by Charles T. Munger

Someone who showed how to think clearly, deal fairly and live fully.

“Those who know only a little about him think Munger was a paragon of how to pick stocks—which he was. But those who knew him well consider him a moral exemplar—someone who showed how to think clearly, deal fairly and live fully. He took nothing for granted.”

—Jason Zweig, The Wall Street Journal

Poor Charlie’s Almanack by Charles T. Munger

Selling thousands of copies, year after year.

“This book is something of a publishing miracle—never advertised, yet year after year selling many thousands of copies from its internet site.”

—Warren Buffett, CEO of Berkshire Hathaway

Poor Charlie’s Almanack by Charles T. Munger

You’ll learn to apply ‘Mungerisms’ to every aspect of your life.

“Munger’s book offers a rare look inside one of the greatest minds of our time. From avoiding a life of misery to choosing the right business partner, you’ll learn to apply ‘Mungerisms’ to every aspect of your life.”

—Marcel Schwantes, Inc.

Poor Charlie’s Almanack by Charles T. Munger

Painfully honest, occasionally indecorous, entertaining reading.

“As instructive as Munger’s advice… is his unapologetic skewering of the sacred principles of contemporary investing and business education, and of the behavior of the business community generally… Munger’s painfully honest and occasionally indecorous views on the mainstream investing world make for entertaining reading.” —Dave Mandle, The Los Angeles Review of Books

Poor Charlie’s Almanack by Charles T. Munger

About the author

Charles T. Munger (1924–2023) was an investor, businessman, and former real estate attorney. He was the vice-chairman of Berkshire Hathaway, the multinational conglomerate controlled by Warren Buffett. He was chairman of Wesco Financial Corporation from 1984 to 2011. He was also chairman of the Daily Journal Corporation and a director of Costco Wholesale Corporation.

Poor Charlie’s Almanack by Charles T. Munger

About the editor

Peter D. Kaufman is the chairman and CEO of Glenair, Inc. He is a former director of Wesco Financial Corporation and Daily Journal Corporation. In 2005, he edited and published Poor Charlie’s Almanack, a compilation of talks given by his longtime friend Charlie Munger.

Stripe Press

About the publisher

Stripe Press publishes ideas for progress in science, technology, and economics. Our collection includes new ideas from emerging and established thinkers and industry leaders, as well as reimagined editions of enduring works. We curate our titles for a global audience of builders and practitioners who are shaping the future of policy and industry.

Stripe Press is based in South San Francisco, with team members across the US and in London. We are a part of the global payments infrastructure company Stripe.

Recent titles by Stripe Press:

Maintenance: Of Everything by Stewart Brand

The Origins of Efficiency by Brian Potter

The Scaling Era by Dwarkesh Patel and Gavin Leech

Editorial Reviews

Review

"This book is something of a publishing miracle—never advertised, yet year after year selling many thousands of copies from its Internet site."—Warren Buffett, CEO of Berkshire Hathaway

"Charlie Munger was born before corporate speak, before business leaders minced words to obscure truths. But Charlie Munger’s words have always cut like a knife—and that sharp spirit of truth-seeking built Berkshire into what it is today. We should all aspire to such clarity."
—Katherine Boyle, general partner at a16z

Poor Charlie’s Almanack is a timeless classic that will change how you approach life. There is a billion-dollar education inside this book.” —Shane Parrish, founder of Syrus Partners and Farnam Street

“This book is the best way to learn from Munger and his ideas. It’s a must-read for anyone interested in thinking clearly, rationally, and effectively.”
—Ana Lorena Fabrega, author, educator, and chief evangelist at Synthesis

“Charlie Munger’s insights are timeless. Some of these speeches were delivered over 20 years ago, but they feel like they could have been given yesterday.”
—Tyler Hogge, venture partner at Pelion

“If I could only read one book to help me succeed in life and business, this is the book I’d read. Charlie’s timeless wisdom has inspired millions and will continue to resonate for generations to come.” 
—David Senra, creator of the Founders podcast

"This book is indispensable reading that will benefit investment professionals and retail investors alike… The rerelease of Munger’s bountiful wit and wisdom is a celebration of nearly a century of success and deserves to be at the top of our reading lists.”
—Ian Robertson, CFA Institute

“Those who know only a little about him think Munger was a paragon of how to pick stocks—which he was. But those who knew him well consider him a moral exemplar—someone who showed how to think clearly, deal fairly and live fully. He took nothing for granted.”
—Jason Zweig, Wall Street Journal

“Munger’s book offers a rare look inside one of the greatest minds of our time. From avoiding a life of misery to choosing the right business partner, you’ll learn to apply ‘Mungerisms’ to every aspect of your life.”
—Marcel Schwantes, INC

“As instructive as Munger’s advice—which affords peeks into how he and Buffett made their implausibly profitable investment decisions—is his unapologetic skewering of the sacred principles of contemporary investing and business education, and of the behavior of the business community generally… Munger's painfully honest and occasionally indecorous views on the mainstream investing world make for entertaining reading.”
—Dave Mandle, Los Angeles Review of Books

About the Author

Charles T. Munger (1924–2023) was an investor, businessman, and former real estate attorney. He was the vice-chairman of Berkshire Hathaway, the multinational conglomerate controlled by Warren Buffett. He was chairman of Wesco Financial Corporation from 1984 to 2011. He was also chairman of the Daily Journal Corporation and a director of Costco Wholesale Corporation.

Peter D. Kaufman is the chairman and CEO of Glenair, Inc. He is a former director of Wesco Financial Corporation and Daily Journal Corporation. In 2005, he edited and published Poor Charlie’s Almanack, a compilation of talks given by his longtime friend Charlie Munger. He lives in California.

Product details

  • Publisher ‏ : ‎ Stripe Press
  • Publication date ‏ : ‎ June 30, 2026
  • Language ‏ : ‎ English
  • Print length ‏ : ‎ 432 pages
  • ISBN-10 ‏ : ‎ 1953953573
  • ISBN-13 ‏ : ‎ 978-1953953575
  • Item Weight ‏ : ‎ 13.8 ounces
  • Dimensions ‏ : ‎ 4.5 x 2 x 7.25 inches
  • Best Sellers Rank: #5,415 in Books (See Top 100 in Books)
  • Customer Reviews:
    4.6 out of 5 stars (2,844)

About the authors

Follow authors to get new release updates, plus improved recommendations.

Customer reviews

4.6 out of 5 stars
2,844 global ratings

Top reviews from the United States

  • 5 out of 5 stars
    An Encouragement to Build Checklists of Wisdom
    Reviewed in the United States on July 18, 2026
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    This book can be seen as a common-sense presentation of key principles of general wisdom and practical social psychology. It also encourages the reader to seek truth through expanding one’s horizons in multiple directions and becoming familiar with the basic ideas of every kind of science. Those ideas and principles should then form a latticework of models that one should use when making decisions. Charlie warns against being too one-sided in one’s professional field and is confident that he owes his success in life to using a long checklist of correct mental models - which he shares with the reader.

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  • 5 out of 5 stars
    Great book
    Reviewed in the United States on August 10, 2026
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    I found myself coming to the same conclusions Munger did when reading the book. As far as written speeches are concerned, his is a page turner, and I enjoyed it thoroughly.

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  • 4 out of 5 stars
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    Reviewed in the United States on January 11, 2025
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    Contains much wisdom but often repeats itself; I would probably have enjoyed this much more if I had spaced out reading it, say one chapter every week or so, and even better if I had actually listened to the talks instead, given the style of the writing.

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  • 5 out of 5 stars
    Awesome book!
    Reviewed in the United States on May 12, 2026
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    This is the second time I read this book in full.

    I love it and plan to get back to read it once a year.

    Buffett and Munger changed my life.

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  • 5 out of 5 stars
    Great Advice!
    Reviewed in the United States on September 4, 2025
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    This book is chock full of great advice from Charlie! I love the way he thinks, and in these speeches he explains his own thought processes in his own words. His speeches are also very entertaining, fully of witty sayings and amusing anecdotes.

    2 people found this helpful
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  • 3 out of 5 stars
    A solid compilation of interesting talks from Charlie Munger
    Reviewed in the United States on July 20, 2026
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    A good compilation of talks from an obviously smart man. Here is some of his advice:

    - Keep learning throughout your life.

    - Be multi-disciplinary.

    - Avoid vice.

    - Sometimes asking yourself "what should I do" is more useful than asking yourself "What shouldn't I do". By removing bad outcomes you increase your chances to get a good outcome.

    At the same time, I personally found only the last one bit to be really useful, as the rest is mostly obvious to anyone who reads books like this one.

    The main issue of the book is that in reality the talk #11, the last one, makes the rest of the talks pretty much obsolete. as it mostly covers the same topics using the same examples and quotes. Frankly speaking, just reading that one talk gives you probably 90% of all the useful information of the book.

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  • 5 out of 5 stars
    Reason, balance, and humor
    Reviewed in the United States on February 19, 2025
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    Much gratitude for Charlie’s insights from Demosthenes to working at the Buffet grocery store to “FIASCO: Blood in the Water” to Judith Rich Harris to Richard Thaler to multidisciplinary skills to “invert, always invert” to being a successful autodidact. A truly inimitable man whose life was lived with reason and a great sense of fairness (and humor). This book has profoundly influenced my life and henceforth, I will strive to also live with honor and great fortitude.

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  • 4 out of 5 stars
    A fun read
    Reviewed in the United States on December 28, 2023
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    As is often the case, wealthy people feel that by virtue of accumulating a lot of money, they are wise about other things. He is wise but has many blind spots. He seems to endorse the power grab of our moron politicians at the expense of the US Constitution. He also holds high regard for unproven theory such as evolution. Still the read was enjoyable and worth the time and money.

    12 people found this helpful
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Top reviews from other countries

  • 5 out of 5 stars
    an excellent book worth studying in detail and applying in investment and all areas of life
    Reviewed in Spain on February 12, 2026
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    An excellent look into the author’s thoughts and ideas collected over a lifetime of investment and study of human behaviour.

    The ideas are set out unapologetically a boldly, not to serve as a definitive answer but a call for further work to be done in the field of psychology and human behaviour in investment.

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  • 5 out of 5 stars
    If you like growing, this is great
    Reviewed in South Africa on August 4, 2026
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    Really enjoyed reading ... lots of motivating thoughts

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  • 5 out of 5 stars
    Eye Opener
    Reviewed in India on January 21, 2026
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    An insightful take on human behaviour through economic behaviour and psychology. An apt reading in today’s world for all generations

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  • 5 out of 5 stars
    Print is beautiful..tight margins.
    Reviewed in Australia on July 12, 2026
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    Immense wisdom. The Print is beautiful, pocket size, crisp text and pages. Well presented. Minor comment would be tight margin that leaves almost no space for making notes.

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  • 5 out of 5 stars
    Wise advises for life's journey
    Reviewed in Brazil on July 22, 2025
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    It took me more time than usual to read this whole book, mainly because I had to stop, reflect and take so many notes on the wise pieces of advise shared by Charlie.

    The text format is very user friendly , it seems as we're having a fireside chat. And he gives so many good examples from a long and eventful life

    One of the best books I've read in a long while , definitely buying the paperback version for reading again in the future.

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