This is a marvellous book. I have read hundreds of books on investing and consider myself an experienced investor. Munger gives the investor an amazing perspective of what not to do. Example. Don't do what is difficult, do what is easy! In other words, if you don't understand what you are investing in simply pass on it. It sounds like common sense, but I have lost count how many times I have tried to understand complicated opaque investments. What do the two smartest investors who ever lived do? They dump it on the huge pile they label "too hard"!!
Such simple and logical advice. This book is a close examination of Munger's philosophy which makes so much sense. This book is full of such wisdom, and I intend on reading it multiple times. If you want to take yourself to multiple higher levels of understanding you need to buy this book and let the wisdom marinate in your brain for a good long time.