This book is for Charlie’s admirers or people who want to glean something about what made him an uncanny, successful investor. The key word that surfaces continuously throughout the dissertation is identification, and this is the term that holds the various strands of thoughts and theories together, which in the end communicate—on an affirmative note—the need for the love of reading to remain a reality as well as the improbability of its dying out. What this project essentially seeks to achieve is a critical analysis which attempts to justify why readers keep on reading and why people keep becoming readers regardless of new media and other distractions. Munger makes a persuasive case for all professionals – especially those in business – to conduct themselves at all times with integrity.

Peter Bevelin begins his fascinating book with Confucius' great wisdom: "A man who has committed a mistake and doesn't correct it, is committing another mistake. I am well aware that many people are in love with this book, however, it is probably a reflection of their respect for Charles Munger rather than an objective measure of the quality of the book.As the book mostly contains speeches and quotes, it lends itself to a poor organization of useful ideas. There is much redundancy of content and anecdotes as Charlie repeats his best ideas in his speeches. 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.

Most importantly, Charles Munger shares the importance of psychological factors to better understand business and investing. And in life, just as in algebra, inversion will help you solve problems that you can’t otherwise handle.Two important traits of the novel with regard to the impact it may have on the reader are explored in more depth. The first third of this book is devoted to background on Charles Munger and Warren Buffett, including their relationship and investing approaches, quotes by Charles Munger, and reflections on him by close associates. POOR CHARLIE’S ALMANACK is a compilation of 11 talks by the legendary vice chairman of Berkshire Hathaway, Charlie Munger.

His quest for wisdom originated partly from making mistakes himself and observing those of others but also from the philosophy of super-investor and Berkshire Hathaway Vice Chairman Charles Munger.The first of these is the epiphanic characteristic of the novel and the representation of the epiphanic in the novel.