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."

The 8 Greatest Philosophical Theories You Need to Know

Second partial derivative test example, part 2

View All

Your Top Questions Answered: Part 1

What should you do if you want to be very successful and have a very, very big impact on the world? Make your work and your passion the same thing. Don’t forget about the money part, but do it in a way that you’re going to, uh, produce enough money that y…

WET DOGS ---- IMG! #40

Blockhead bunnies and disembodied cat unicorn princesses. It’s episode 40 of IMG! You’ve gotta be careful around ducks. Seriously. But it’s okay to be smug with a panda. If you’ve got extra time, carve Lincoln out of Oreo filling. Or check out more of Sa…

3 habits that boost mental clarity

I don’t know about you guys, but every once in a while, I’ll just have a day where my brain is actually working well. The gears of my mind are fully lubricated, fully torqued. When I’m in a conversation with somebody, I don’t have to search for the right …