Every once in a while I look to recommend a great book, if you’re looking to expand your horizon a bit.
This is such a time. But the book isn’t new. Far from it. I have had it for more than 10 years, but I have only gotten around to reading it now.
The book in question is “Poor Charlie’s Almanack”, a whopping coffee table book about legendary investor Warren Buffets sidekick and second-in-command, Charlie Munger, at Berkshire Hathaway.
In the book he spills the beans on his wisdom. And let me say it straight away: Much of it is common sense. But still you have got to give the man credit that when you live and act by a core belief system of common sense, you can do rather well for yourself.
Furthermore there is an incredible wit about Charlie, who turned 97 as we moved into 2021. While Warren Buffett has always been the one in the spotlight, Charlies wry comments and crystal clear ways of calling them like he sees them is amazing.
For that reason I highly recommend you look up Berkshire Hathaway AGM’s on YouTube and feast yourself in the two investors asking questions from their audience of shareholders. It’s priceless.
But Charlie Munger is also the story about something else that I personally hold very dear; the (wo)man behind the (wo)man.
While aspirational leaders and entrepreneurs have always fascinated me, I have tended to be more fascinated by their enablers; those who actually get the wheels into motion, do the nitty gritty stuff, aka work the engine room so the captain can be on the bridge setting the course.
I have a great personal liking for those. Most probably because it fits my own comfort zone best; being the one a step being doing the heavy lifting, making things gel and gently apply my contribution to things.
One thing is for sure: Charlie Munger has been exceptionally great at doing precisely that. And few people are more deserving of a coffee table-sized book than him.