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."

Safari Live - Day 284 | National Geographic
Can Afterpay Touch Take Over the US? - The Young Investors Podcast | Episode 2

More Articles

View All
Breaking Down HackerRank's Survey of 40,000 Developers with Vivek Ravisankar
All right, the Veck, why don’t we start with what you guys do, and then we’ll rewind to before you even did YC? Yes, sure! I’m S. V. Ivent, one of the founders and CEO of HackerRank. Our mission at HackerRank is to match every developer to the right job,…
The Fermi Paradox: Where are all the Aliens?
Liftoff from a tropical rainforest to the Edge of Time itself. James Webb begins a voyage back to the birth of the Universe. On December 25th, 2021, NASA launched the successor to the Hubble Space Telescope, the James Webb Space Telescope. Hubble has pro…
Understanding SAFEs and Priced Equity Rounds by Kirsty Nathoo
I would like to introduce Kirsty, who is going to talk, uh, in much detail about SAFE’s notes, equity, and the like. “Kirsty.” “All right, good morning everybody. So, my name is Kirsty Nathu. I’m the CFO and one of the partners here at Y Combinator. I h…
Strasbourg Euro Rant HDQT
Kevin: Oy, your roaming investor in the middle of Strasburg, France. Why do you care? Because this is the center of the EU. This is where the Parliament is. This is the epicenter of where all the decisions are made for the European Union. Now, let’s talk…
The BIGGEST Stimulus Check JUST RELEASED
What’s up you guys? It’s Graham here! So lately, I’ve had quite a few people bring this to my attention, so much so that I felt I should make a video about it explaining exactly what’s going on in the entire situation. Because when you see a title like th…
YC Founders Made These Fundraising Mistakes
If you look at why the Google founders are the Google founders and still have all this control over their company, you can look all the way back in time to the moment of the earliest fundraisers. They were not desperate for cash and load leveraged. Hey, …