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."

Resource | Vocabulary | Khan Academy

Bringing the Meat to Higher Ground | The Great Human Race

View All

The Fourteenth Amendment and equal protection | US government and civics | Khan Academy

Many parts of the United States Constitution deal with rights of an individual, and many amendments talk about protecting or expanding the rights of an individual. But the 14th Amendment is perhaps one of the most important amendments in this discussion o…

How To Make Colour With Holes

I want to show you how to color a transparent piece of plastic without adding anything to it, no dyes, paint, nothing except holes. But first we have to talk about light. Most people know that it is a form of electromagnetic radiation. But have you ever s…

The Expansion of the Philadelphia Mob | Narco Wars

[music playing] GEORGE ANASTASIA: The Italian American Mob of Philadelphia was Philadelphia-based, but it had tentacles into southern New Jersey as far east as the Atlantic City resort. LOU PICHINI: In the late 70s where legalized gambling came to Atlan…