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."

New Hampshire Summer Learning Series Session 3: Master the SAT with “Khan Academy and SAT Prep”

The Bermuda Triangle: Shrouded in Mystery

View All

Warren Buffett's Value Investing Formula (For Dummies)

Value investing, originally coined by Benjamin Graham but popularized by Warren Buffett, is a long-term investing strategy that quite simply boils down to buying high-quality businesses when the stock price represents a solid discount to the business’s in…

The 4 things it takes to be an expert

Do you bring this trick out at parties? Oh no. It’s a terrible party trick. Here we go. 3.141592653589793 This is Grant Gussman. He watched an old video of mine about how we think that there are two systems of thought. System two is the conscious slow e…

Changing Glaciers of Iceland | Explorers in the Field

(Slow piano music) I walk into a room and I tell someone I’m a glaciologist. Usually, someone looks at me and says, “Well, soon you’ll be a historian because the ice is going away.” We have the ability to turn this around, and I think we’re going to. We …