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."

Warren Buffett's Most Iconic Lecture EVER (MUST WATCH)
Dad Reacts To My Frugal Lifestyle

More Articles

View All
First and second laws of thermodynamics | Khan Academy
If you take a very hot coffee, say in a thermoflask, and keep it in a room, then you know that that coffee will automatically start cooling down all by itself until it reaches its room temperature. Right? But my question is why can’t the RSE happen? Why c…
$1 Million to $100 Million in sales as a Real Estate Agent
My personal philosophy is that every listing you have should give you at least one more listing from it and one buyer from it. So hopefully, one listing leads to two more sales, which should lead to two more sales, and it just branches out from there. Wh…
15 Lessons Only Success Can Teach You
Do we learn more from failure or from success? Now that’s a hard question to answer. Failure is a prerequisite for success, so if failure is the best teacher, success is the ultimate goal. Okay, but what can success teach us anyway? Is it really that imp…
Happy Halloween From Nat Geo | National Geographic
[Music] Animals contribute so much to the work that we do here at National Geographic. Sometimes we like to give back to the Animal Kingdom and invite them into our space. This year we planned a few Halloween activities to introduce them to our customs an…
Earth 101 | National Geographic
[Narrator] Earth, the only planet known to maintain life. A product of scientific phenomena and sheer chance. This blue speck in space holds the past, present, and future of our very existence. (instrumental music) Approximately 4.5 billion years ago, the…
Discretionary and rulemaking authority of the federal bureaucracy | Khan Academy
In many videos, we have talked about how a bill can become a law. It first gets introduced into the legislative branch, which in the United States is the U.S. Congress at the federal level. If it passes both houses of Congress, then the bill will go to th…