【C:C.M Ep.42】Charlie Munger on Poor Charlie’s Almanack and Peter Kaufman | Daily Journal 2019

In this episode, Charlie Munger shared how Poor Charlie’s Almanack was created and its popularity.

In this episode, you’ll learn:
– About Peter Kaufman and Poor Charlie’s Almanack.
(https://www.yapss.com/post/collection-charlie-munger-42-poor-charlie-s-almanack-and-peter-kaufman)

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[Transcript]
(Source: https://youtu.be/X1Oi3esiry8)

AUDIENCE MEMBER 00:07
Charlie and Peter Kaufman. I just actually – I don’t have a question, I just want to thank you both for putting together Poor Charlie’s Almanack.

It has been an incredibly foundational book in my life and it has really helped inflect my thinking on many different things. So thank you both very much for your work on that. (Applause)

CHARLIE MUNGER 00:36
Well, it was really Peter Kaufman’s idea. He did the whole damn thing, and he paid for it himself, being a rich and eccentric man. And I just wish there was one change in Peter Kaufman. Peter Kaufman has made me adored in India and China. I wish the hell he could do more for me in Los Angeles. (Laughter)

The Chinese version of Poor Charlie’s Almanack has been pirated enormously in China. Totally pirated. But the legal sales are three hundred forty thousand or something. Peter has made me very popular in China but he does nothing for me in Los Angeles. (Laughter)