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."

Lawless Longliners | Lawless Oceans
Bill Ackman: The Biggest Investing Opportunity of Your Life

More Articles

View All
How Gravity Actually Works
This video is sponsored by Caseta by Lutron. According to the general theory of relativity, gravity is not a force. There are no gravitational fields; gravity is kind of an illusion. And in this video, I will prove it to you by blasting off into outer spa…
Michael Burry: 5 Life Lessons That Made Him Rich (UCLA Speech)
A key life lesson that I learned in my early 20s is that the best way to get better at something is to learn from those who’ve already successfully achieved what you’re trying to do. This made me realize that to be a better investor, I needed to turn off …
Vlog: I counted almost $30,000,000 worth of cars in this parking lot!
What’s up you guys? It’s Graham here. So it seems like every 10,000 subscribers, I end up doing another vlog, and since I just hit 30,000 subscribers, here’s another vlog! I actually think it’s more like 34,000 by the time I’m actually doing this. I’m pro…
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…
Calculating weights on Mars with if-elif-else | Intro to CS - Python | Khan Academy
Let’s design a program with chain conditionals. We want to build a program that calculates an object’s weight on different planets. We have the formula for this already: weight equals mass times gravity. So, if we know an object’s weight on Earth, we can…
Worked example: Derivatives of sin(x) and cos(x) | Derivative rules | AP Calculus AB | Khan Academy
What we want to do is find the derivative of this G of X. At first, it could look intimidating. We have a s of X here, we have a cosine of X, we have this crazy expression here, we have a pi over cube root of x. We’re squaring the whole thing, and at firs…