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."

Give to Khan Academy today!

Ionization energy: period trend | Atomic structure and properties | AP Chemistry | Khan Academy

View All

Perfect competition | Microeconomics | Khan Academy

In our study of the different types of markets, we are now going to dive a little bit deeper and understand perfect competition. Now, this notion of something being perfectly competitive, you might have a general idea of what it means. You might feel like…

Vlog: The Ponzi Factor book update (Oct 2020)

Hello everyone, this is Ton again. I want to do a quick vlog about updates for the book. I know that a lot has happened this year, and I will address some of that in the update, but not everything because a lot of it’s still developing. But I do want you…

Would You Fight For Your Country?

[Music] Imagine waking up one morning to a world devastated by nuclear winter. Outside, there’s smoke so thick that you can’t see the sun. Sludge runs from your taps instead of water, and you survive on rations of canned goods from a better time. Factions…