From his grandfather, basic principles anyone can apply:

he never forgot the sound principles taught by his grandfather: to concentrate on the task immediately in front of him and to control spending.

On choosing clients and deterring greed:

‘To this day, Charlie continues to influence the firm’s attorneys, reminding them, “You don’t need to take the last dollar” and “Choose clients as you would friends.”

Yes, Adam Smith is still relevant. How is that even a question?

I think you learn economics better if you make Adam Smith your friend.

Charlie Munger

Every page of this book has a takeaway. Could be the best thirty dollars you invest.

Munger, Charles T.. Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger. N.p., Stripe Matter Incorporated. (Digital Edition)