Virtues and Vice in Poor Charlie's Almanack

Summary of Virtues and Vice in Poor Charlie's Almanack

Virtue Effects

• build a network based on trust
• golden rule of success
• importance of reliability

Vice Effects

• bad accounting quote
• effect of backward thinking
• foolishness
• lack of integrity quote
• paradox in economics
• Self serving bias
• vice effect quote

Virtues

• Charlie Munger demeanor
• Charlie Munger's focus
• circle of competence
• curiosity
• how to measure success
• patience and decisiveness
• respect people
• see challenges as opportunities to behave well
• work ethic
• quote on fairness