Book Review

Imagine you had two dads. One who was motivated by success, and one who wasn’t. Really, two fathers who were diametrically opposed in just about every way. Imagine the life lessons you would learn: what to do and what not to do.

In this article, I discuss 34 of the investing rules he laid out in his book, Contrarian Investment Strategies. I absolutely love the rules-based approach, I have previously discussed the 16 Life Lessons that I learned from Investing, you will find a lot of parallels with the principles laid out in this article.

Poor Charlie’s Almanack is a collection of speeches and talks by Charlie Munger. Ultimately, it is the playbook/checklist for the sets of rules that he lives by. Munger uses many mental models in his own life; systematic approaches to decision making. Munger’s quantitative approach really appeals to me – I’m a checklist kind of guy.