{"id":2241,"date":"2026-08-18T22:55:21","date_gmt":"2026-08-18T21:55:21","guid":{"rendered":"https:\/\/blog.thomarite.uk\/?p=2241"},"modified":"2026-08-18T22:55:21","modified_gmt":"2026-08-18T21:55:21","slug":"poor-charlies-almanack","status":"publish","type":"post","link":"https:\/\/blog.thomarite.uk\/index.php\/2026\/08\/18\/poor-charlies-almanack\/","title":{"rendered":"Poor Charlies Almanack"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">This is a <a href=\"https:\/\/www.amazon.co.uk\/Poor-Charlies-Almanack-Essential-Charles\/dp\/1953953573\/\">book<\/a> about different speeches from <a href=\"https:\/\/en.wikipedia.org\/wiki\/Charlie_Munger\">Charlie Munger<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is a bit psychological \/ philosophical about how to trade, live or just making decisions. Life is always changing and one must adapt and always keep learning\/reading.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The main thema is the multidisciplinary so one can different mental models to discover a pattern. He gives a lot of stick about how badly is psychology taught in schools and universities (although he has only read a couple of books!)  It mention the importance to have check-list (like pilots, surgeons, etc) and practice your mental models!<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Their investment has been always long-term and based on compound-interest and rarely in Tech companies. I think their strategy is very different from Investment banks, Hedge Funds, etc. But I wonder if that model is going to carry on working in a market where those long-term investments are going to be still valid.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Anyway, I will not be rich or good investor (not my goal) but interesting the focus in keep learning\/reading and having different models in your head to try to understand the world. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a book about different speeches from Charlie Munger It is a bit psychological \/ philosophical about how to trade, live or just making decisions. Life is always changing and one must adapt and always keep learning\/reading. The main thema is the multidisciplinary so one can different mental models to discover a pattern. He &hellip; <a href=\"https:\/\/blog.thomarite.uk\/index.php\/2026\/08\/18\/poor-charlies-almanack\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Poor Charlies Almanack&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,20],"tags":[],"class_list":["post-2241","post","type-post","status-publish","format-standard","hentry","category-books","category-economy"],"_links":{"self":[{"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/posts\/2241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/comments?post=2241"}],"version-history":[{"count":1,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/posts\/2241\/revisions"}],"predecessor-version":[{"id":2242,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/posts\/2241\/revisions\/2242"}],"wp:attachment":[{"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/media?parent=2241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/categories?post=2241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.thomarite.uk\/index.php\/wp-json\/wp\/v2\/tags?post=2241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}