We lost Charlie Munger late last year. By chance i had pre-ordered this book eight months prior to its release date and it shipped about a week after his death. The book offers a good insight into how Munger views the world and thinks about investing. For him, investing is all about doing your homework and finding the opportunities that rise above the common bets. You otherwise are participating in the same odds as everyone else and your, and their, participation drive down the rewards. Another point that resonates from this book is the idea of investing in what you know coupled with valuing actual value that is produced.