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."

Ice Spikes Explained
How To Compete With Yourself

More Articles

View All
Users You Don't Want by Michael Seibel
Users you don’t want, and this one was Stannis. Yeah, this was fun. Yeah, when you’re just getting started, many startups will take every user they can get. They have a strong idea of a problem, and they want to attract as many users with that problem as…
What we've learned in 100 Episodes - Smarter Every Day 100!!
[party whistles] Hey it’s me Destin. Welcome back to Smarter Every Day. A very special Smarter Every Day. The 100th episode, but not only that, it kind of coincided with a million subscribers, so thank you very much for your support. And because of that, …
THE FED JUST BAILED | Major Changes Explained
What’s up, Graham? It’s guys here. So I’m not psychic, but what if I told you exactly what’s gonna happen throughout the markets in 2022? As in, I just give you the exact blueprint to every single adjustment being made that directly influences how people …
Who versus whom | The parts of speech | Grammar | Khan Academy
Hello grammarians! Welcome to one of the thorniest fights in English usage today: the question of whether or not you should use “who” or “whom” in a sentence as a relative pronoun. So there’s this basic idea that “who” is the subject form, and “whom” is …
TIL: You Might Be Related to Genghis Khan | Today I Learned
[Music] [Applause] [Music] So you probably heard of the name Genghis Khan or Jengus Khan, but you might not realize that something like one in 200 men in the world were genetically related to Genghis Khan. So he was obviously very, um, prolific. Yeah, bu…
Normal conditions for sampling distributions of sample proportions | AP Statistics | Khan Academy
What we’re going to do in this video is think about under which conditions the sampling distribution of the sample proportions in which situations does it look roughly normal and under which situations does it look skewed right. So, it doesn’t look someth…