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."

5 Websites I use as a Value Investor

Gardening in Small Spaces | Live Free or Die: How to Homestead

View All

Surprises Ahead | Barkskins

My mother was a witch. And I know that I said my favorite of her sayings was the one about the bloated monk who feared his vow of silence covered farts, but I didn’t have a way with the phrase. I’m afraid that I’ll word it wrong. Tell it another time, [in…

Something Strange Happens When You Keep Squaring

Take the number 5 and square it, you get 25. Now take 25 and square it, you get 625. Square 625, and you get 390,625. Do you see the pattern? 5 squared ends in a 5, 25 squared ends in 25, and 625 squared ends in 625. So does this pattern continue? Well,…

First-Time Sellers | Live Free or Die

[Music] Tony and Amelia’s produce should bring in $200 price tag for a litter of pigs, but this is their first farmers market, and they’re facing stiff competition. Customer: Hey, you want to buy some stuff? Customer: Hi, yeah, um, yeah, I’m actually l…