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."

Mapping the Future of Global Civilization | Nat Geo Live
Principles for Dealing with the Changing World Order (5-minute Version) by Ray Dalio

More Articles

View All
Reddit Disinformation & How We Beat It Together - Smarter Every Day 232
Hey, SV Dustin! Welcome back to Smarter Every Day. Unfortunately, now is the time for the video about disinformation on Reddit, the front page of the internet. It’s been documented by both the European Union and the United States of America that Russia, I…
American attitudes about government and politics | US government and civics | Khan Academy
What we’re going to do in this video is think about how the core beliefs of U.S. citizens impact their views on the role of government. What I’m going to do is talk about a few core beliefs that are often associated with the United States. But take it wit…
Ray Dalio: The COLLAPSE That Will Change a Generation
Ray Dalio is one of the most highly respected names in investing, and someone you need to be paying attention to. As the founder of Bridgewater, the world’s largest and arguably most prestigious hedge fund, he has unique insight into the economy and stock…
Rounding to the nearest 10
In this video, we’re going to be doing some rounding, which you’re probably not familiar with just yet. But you’ll see that it’s pretty straightforward, and we’re going to start by rounding to the nearest 10. So the first question is, what is rounding an…
Applying the chain rule twice | Advanced derivatives | AP Calculus AB | Khan Academy
Let’s say that y is equal to sine of x squared to the third power, which of course we could also write as sine of x squared to the third power. What we’re curious about is what is the derivative of this with respect to x? What is dy/dx, which we could als…
The Courage To Be Disliked
I made my first video on this channel in July 2017 after months of going back and forth on whether or not I actually wanted to create a YouTube channel. What would people think? What if people hate the videos and tell me that I don’t know what I’m talking…