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."

How to Get Started, Doing Things that Don't Scale, and Press (How to Start a Startup 2014: 8)
Modeling ticket fines with exponential function | Algebra II | Khan Academy

More Articles

View All
The Future of Driving | Years of Living Dangerously
TY BURRELL: Now that I’ve learned self-driving cars aren’t that far off, what about ride sharing? Are companies like Lyft and Uber going to be part of the solution? How you doing? All right? What are the odds? You are John Zimmer, President of Lyft. You g…
Quantum Entanglement & Spooky Action at a Distance
In the 1930s, Albert Einstein was upset with quantum mechanics. He proposed the thought experiment where, according to the theory, an event at one point in the universe could instantaneously affect another event arbitrarily far away. He called this spooky…
What is Beautiful Deleveraging?
A number of people asked me, “What is a beautiful deleveraging?” Well, first let me start with what is the deleveraging. Sometimes there’s too much debt burden, which also means that somebody’s holding too many debt assets and they’re not going to get pai…
An Astronaut's View of Earth
When I was outside on my first space walk, I was on the dark side of the world over the Indian Ocean and I shut off all the lights in my suit to let my eyes adjust. And as I came south of Australia in the darkness, we drove through the southern lights and…
Firefighters Battle the Infernos of Climate Change | Short Film Showcase
[Music] When you’re getting kind of right up close to the fire and really kind of intimate with the fire and you’re digging, your head’s down and you’re scratching, line you’re down in the dirt and you’re working and sweating and it’s hot and it’s hard to…
World's First Electric Generator
[Applause] I have a pipe. Yeah, do you want to hold it? Do you know what it’s made of? Metal. Is it brass? Copper? Coer? Is copper magnetic? No? Uh-oh. I’m going to go. No, I didn’t think it was. Go, yes! I’m going to go. Yes! Well, why don’t we check? Th…