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."

Determining the effects on f(x) = x when replaced by af(x) or f(bx) | Khan Academy

50 Very Short Rules to Achieve Your Biggest Goals

View All

Example finding appropriate units

Louisa runs a lawn mowing business. She decides to measure the rate at which the volume of fuel she uses increases with the area of the lawn. What would be an appropriate unit for Louisa’s purpose? So let me reread this to make sure I understand it. She …

Claire McDonnell and Jennifer Kim on Building an Inclusive Company Culture

Okay, so we’ll just like dive into this. And I’ll start by saying, you know, I’ve heard many successful founders, founders of later-stage companies like Dropbox and Airbnb, say that one of the most important things that they spend their time on as founder…

The Universe's Biggest Paradoxes

Has anyone ever accused you of acting like you’re the center of the universe? Maybe you were 10 years old, upset that your mom wouldn’t take you to buy candy, or you were so focused on an upcoming project that you totally forgot to wish your coworker cong…