Poor Charlie’s Almanack
Audiobook & Ebook

Poor Charlie’s Almanack by Charles T. Munger | Audiobook Review

By Charles T. Munger

Narrated by Grover Gardener

🎧 13 hours and 9 minutes 📘 Stripe Press 📅 December 5, 2023 🌐 English

About This Audiobook

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

"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 11 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.

Edited by Peter D. Kaufman, chairman and CEO of Glenair and longtime friend of Charlie Munger - whom he calls “this generation’s answer to Benjamin Franklin” - this abridged Stripe Press edition of Poor Charlie’s Almanack features a brand-new foreword by Stripe cofounder John Collison.

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 listener seeking to go to bed a little wiser than when they woke up.

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One word in this audiobook's description carries more weight than the whole paragraph around it: abridged. The Stripe Press edition of Poor Charlie's Almanack is labeled that way in plain sight, sitting between the editor's credit and the foreword credit, and thirteen hours and nine minutes is what survived the cut. Nothing on the record says what came out. For a compendium assembled from separate talks that matters far more than it would for a novel, because entire talks can simply be gone.

A Lone Performer, Every Register in One Voice

Charlie Munger's method is the product on sale here, and his biography is not. Spend each day trying to be a little wiser than you were when you woke up: that instruction opens the description and sets every term that follows. What follows is eleven talks given by the vice-chairman of Berkshire Hathaway between the mid-eighties and the late two thousands, assembled into a structure the copy names a latticework of mental models, drawn from business, finance, history, philosophy, physics and ethics. Thinking well, the premise runs, is a transferable skill, and worked examples are how the transfer happens.

Peter D. Kaufman edited the collection, and the copy supplies his day job, chairman and CEO of Glenair, along with the detail that he was a longtime friend who called Munger this generation's answer to Benjamin Franklin. John Collison, a cofounder of Stripe, supplies a foreword written new for this edition. Between them that makes three distinct authorial voices inside one package: the speaker, the editor who arranged him, and the publisher explaining why the arrangement is being reissued at all.

The reading is credited to Grover Gardener and to nobody else. On a book carrying a foreword by one person, editorial framing by another, and eleven talks by a third, a lone performer means every register reaches you in the same voice. A defensible choice for a title of this kind, and worth registering before you start, because on a page the difference between a speech and its editorial apparatus is typography, while in a recording that difference has to become performance.

Somebody Drafting This Had Audio in Mind

Both Bob in Central Oregon and Kent R. Spillner argue for an audio edition without setting out to. Bob observes that the wit does not translate to paper nearly as well as a long life's worth of wisdom does. Precise as a complaint about a printed book, and an accidental endorsement of hearing it instead. Kent reports speeches that are very entertaining, full of witty sayings and amusing anecdotes, in which Munger explains his own thought processes in his own words. Speech was the original form. Audio hands it back.

Mental models are the durable part of the offer. The copy promises a framework assembled out of business, finance, history, philosophy, physics and ethics, and the column suggests it lands the way that promise implies. Sara reports rethinking how everyday decisions get made after finishing it. Heather S calls the book dense, smart and packed with life and business wisdom, a mixture of essays, speeches and commentary that makes a reader want to slow down and take notes. Neither of those describes an investing manual. Both describe a book about how to think.

Thirteen hours and nine minutes leaves room to sit with the repetitions until the patterns surface, arguably the correct way to take a book of speeches. The frame the copy offers is modest and useful: an essential volume for any listener seeking to go to bed a little wiser than when they woke up. Note the noun in that sentence. Somebody drafting the description had the audio edition in mind, whatever the abridgement later did to it.

A 2005 Book Cannot Hold a 2007 Talk

David T. filed the only dissent here and it is a substantial one. Four stars, with the reservation that each talk amounts to a somewhat redundant attack on academia written out in often rambling fashion, and a frank admission of being undecided as to whether the book is difficult or merely uninteresting. That reviewer admires Munger, says so directly, then doubts these particular speeches were the best showcase for what he knows. Anybody weighing thirteen hours of a compendium should take that seriously, since repetition is a structural hazard when the source is eleven separate occasions.

Originally published in 2005, says the copy. Delivered between 1986 and 2007, says the same copy about the talks it contains. Those two sentences sit in one paragraph and cannot both describe the same object, because a volume published in 2005 cannot hold a talk given two years afterward. Later editions adding material is the likeliest explanation, making this a compilation of compilations, but the record never says so, and a listener buying an abridgement of an expanded version of a 2005 book is owed better bookkeeping than this.

Three votes are said to produce the displayed average, and yet five written responses are visible below it. When the counter runs smaller than the number of people who wrote, the figure printed at the top has stopped describing the column below it. The arithmetic does not resolve cleanly under every rounding rule either, so no claim about point totals is worth making here. Read the five entries instead, notice that four are unreserved and one raises a real objection, and decide from that.

The Biography Filing Oversells a Book of Speeches

Investors are the obvious constituency and the least interesting one. The better audience is anybody after a working method for thinking across disciplines, precisely what the latticework metaphor describes, and anybody who enjoys hearing a person with a long life behind him be extremely direct about what he believes. Listeners who like speech as a form, with its digressions, its jokes and its returns to the same handful of convictions, will take more from this than listeners who want an argument built in a straight line.

Not for you if you need a straight instructional path, since eleven talks circle the same beliefs from different angles and one reviewer found the circling wearisome. Not for you either if an unexplained abridgement is a problem, because this record will not tell you what was removed or why. The biography filing here oversells what is fundamentally a book of speeches, so anyone who came for a life of Munger is in the wrong aisle. Munger's own advice, to go to bed a little wiser than you woke up, is the only test this recording has to pass.

Before You Listen

What does the abridged label mean for this audiobook?

The description calls this an abridged Stripe Press edition without stating what was removed. Since the source is eleven separate talks given across two decades, cuts could mean shortened passages or whole talks missing entirely. Thirteen hours and nine minutes is what remains, and the listing offers no comparison against the full text.

Is Poor Charlie's Almanack an investing book?

Only partly. The copy promises investment strategy alongside philanthropy and living a rational, ethical life, and reviewers describe essays and speeches about decision-making more than stock picking. One calls it a mental workout. Expect a framework for thinking drawn from history, physics, philosophy and ethics as much as from finance.

Does the audiobook include John Collison's foreword?

The description credits a brand-new foreword by the Stripe cofounder as a feature of this edition, so it forms part of the package being sold. Whether the abridgement kept it is unstated. Grover Gardener is credited for the reading with no second performer listed, so any foreword material would be delivered in the same voice as the talks.

How can talks from 2007 sit in a book published in 2005?

It says the book was originally published in 2005, then describes eleven talks delivered between 1986 and 2007. A 2005 volume cannot contain a 2007 speech. Later expanded editions would explain the gap, but nothing on the record confirms that, so treat both dates as approximate.

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What Listeners Are Saying

★★★★★

So much wisdom - wish I had read it sooner

This book is packed with insight. I wasn’t sure what to expect at first, but Poor Charlie’s Almanack turned out to be one of the most valuable reads I’ve picked up in a long time. Charlie Munger’s way of thinking is so refreshingly straightforward and smart. It really made me...

- Sara
★★★★★

Great Advice!

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.

- Kent R. Spillner
★★★★☆

A little redundant, but worth reading

Although there are worthwhile take aways from this book, I feel that each talk is a somewhat redundant attack on academia written out in often rambling fashion. I haven’t decided yet if it’s a difficult read or just uninteresting. I’d hate to be critical of someone I admire as much...

- David T.
★★★★★

An Interesting Story, With Lots Of Wisdom Included

Exposure to the casual wit and extensive wisdom of Charlie Munger primed me to grab the book and try to absorb a bit more. The wit doesn't translate as well to paper as a long life's worth of wisdom does.The book is structured with an opening section that shares a...

- Bob in Central Oregon
★★★★★

Not just a book - it's a mental workout

This isn’t light reading - it’s dense, smart, and absolutely packed with life and business wisdom. A mix of essays, speeches, and commentary that makes you want to slow down and take notes. If you’re into investing, rational thinking, or just leveling up your brain, this is a classic. A...

- Heather S

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Alexandra Reed

Written by Alexandra Reed

Founder & Literary Critic