yego.me
yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Charlie Munger Destroys Fake Gurus in 1 Minute

less than 1m read
·Jan 31, 2025

If you take the modern world where people are trying to teach you how to come in and trade actively in stocks, what's up? Tim Sykes, millionaire mentoring trader here.

I want to teach you. I want to help you. Well, I regard that as roughly equivalent to trying to induce a bunch of young people to start off on heroin.

We're here to support you. I want to see you on this jet with us next time. It's awesome, and you can totally do it. You've enjoyed this right? Now you love guts, you just don't know it.

It is really stupid and when you're already rich, to make your money by encouraging people to get rich by trading. If you're a millionaire, why sell a course?

Then there are people on the TV and they say, "I have this book, it will teach you how to make 300 a year." The millionaire booklet's going to give you eight steps and guess what? All you have to do is pay for shipping. First, you're going to pay shipping and handling, and it's ridiculous.

The people who do this all day think they're useful citizens, but they mislead you on purpose and I get tired of it. I don't think it's right.

You're giving away your free book; you're just trying to sell me stuff.

"Of course I am! I have no shame. I have no guilt. I have no hesitation."

CONTACT LIGHT: The Story of Apollo 11
15 Books Steve Jobs Thought Everyone Should Read

More Articles

View All
What Is a Sin Eater? | The Story of God
[music playing] NARRATOR: This rugged border land between England and Wales was the scene of many battles over the centuries, and it’s a place with a rich tradition of ghost stories. Sal Masekela and historian Davit Mills Daniels are on the trail of Engl…
Marc Andreessen: Trump, Power, Tech, AI, Immigration & Future of America | Lex Fridman Podcast #458
I mean look we're adding a trillion dollars to the national debt every 100 days right now and it's now passing the size of the defense department budget and it's compounding and it's pretty soon it's going to be adding a trillion dolla…
Peatlands Critical In Climate Change Fight | National Geographic
[Music] Nice. Yeah, really. PC, my name is Brett Azhagi, and I’m a postdoctoral researcher. We’re here to study the peatlands; you compare it to other soils. Peat is really carbon dense; it’s made up of partially decomposed plant material. All the carbon…
The Mobile Home Economics | Explorer
[music playing] Frank Rolfe? Yes. Billy Mintz. Hi, Billy. How are you? BILLY MINTZ (VOICEOVER): Frank Rolfe’s company is the fifth largest owner of mobile home parks in the United States. BILLY MINTZ: Beautiful place. FRANK ROLFE: Thank you very…
The Stock Market is a Ponzi Scheme. Fully explained.
When we think about the stock market, we think about money, the finance industry, businesses, and making money from investing in successful businesses. The belief is investing in successful businesses is what leads to investment profits, and there’s a dir…
How to Find Your Purpose
If you don’t find your purpose by yourself, Society will assign one to you. Since you were born, everyone around you tells you who you should be, what you should think, and what to feel, despite your inner calling. Most people comply, killing their dreams…