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."

National savings and investment | Financial sector | AP Macroeconomics | Khan Academy

Introduction to price elasticity of demand | APⓇ Microeconomics | Khan Academy

View All

Existence theorems intro | Existence theorems | AP Calculus AB | Khan Academy

What we’re going to talk about in this video are three theorems that are sometimes collectively known as existence theorems. So the first that we’re going to talk about is the intermediate value theorem, and the common thread here, all of the existence t…

Does Commitment Mean Better Sex? | Original Sin: Sex

Looks okay. Well, the first thing I would like to say is that it’s amazing that in 2016, a channel like National Geographic, who used to show only animal sex and never human sex, is now having Dr. Ruth Westheimer talking about sex. There are hundreds of …

Causes and Effects of Climate Change | National Geographic

Human activities, from pollution to overpopulation, are driving up the Earth’s temperature and fundamentally changing the world around us. The main cause is a phenomenon known as the greenhouse effect. Gases in the atmosphere, such as water vapor, carbon…