on 14 March 2014
This book will tell you about Charlie Munger's character and views, and it has some real nuggets of wisdom. But it won't tell you how to become a brilliant investor unless you are one already. It has a couple of downsides: firstly, too often it has the tone of a Christmas round-robin letter, and secondly it reveals Munger's limitations: for example, he insists you should stay within your circle of competence, but then has designed the ugliest catamaran afloat - it's called 'Channel Cat' - look it up. And the book has the feel of someone aspiring to academia without the knowledge or appreciation of it.