In 2005 Charlie Munger wrote the book “Poor Charlie’s Almanac” based off his life learnings, experiences and success (and failures) in business. This book is a classic in my opinion and the wisdom contained in that book was motivated by his idol Benjamin Franklin. While Poor Richard’s Almanac is short and is essentially a long list of quotes, it is a classic in its own right. To be fair it was written in a very different era, therefore the long list of quotes makes more sense to the writing of the time. Yet each quote from Franklin is worth its weight in gold and are just as relevant to today as they were in 1732. This is the type of book that one should read over a long period of time and refer back to for motivation and perspective.
Three key takeaways from the book:
1. Reading makes a full man, meditation a profound man and discourse a clear man
2. When you persuade, speak of interest, not of reason
3. Love your enemies for they tell you your faults