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."

More Articles

View All
Optimistic Nihilism
Human existence is scary and confusing. A few hundred thousand years ago, we became conscious and found ourselves in a strange place. It was filled with other beings. We could eat some; some could eat us. There was liquid stuff we could drink; things we c…
TIL: We Could Give Mars Our "Cooties" | Today I Learned
Human beings are really dangerous to the surface of Mars. Let’s say life did exist on the surface of Mars; would it be able to withstand the bacteria, the viruses, all of the bad things that we have on Earth, without having the protection? Because it’s ne…
Cast Volunteer Day | Saints & Strangers
We’re here with the cast and producers of Saints and Strangers, donating a couple of hours of work to the Los Angeles Regional Food Bank. Here at the LA Food Bank, we distribute a million pounds of food every single week, 20% of which is fresh fruits and…
Surviving a Box Jellyfish Attack | Something Bit Me!
After surviving a box jellyfish attack, Dr. Yanagihara recovers at home. The process is slow and painful. After three days of brutal agony and a week total, there was no sustained relief. My skin became, you know, terribly inflamed. All along these differ…
Catch of the Week - Wicked End | Wicked Tuna: Outer Banks
[Music] Here they are, 15 down to 25. We’re marking. I’m not going to rest easy until we’re ahead of Reel of Fortune. Come on, give me the go here in a [Music] second. We’re on, we’re on! Woohoo, there he goes! Double header! Watch that other rod! Hurry u…
Shipwreck Hunter Unearths Lost History and Treasures | Best Job Ever
When I tell people what I do, there’s a sort of complete silence till they process what does that mean and how could somebody actually have a job like that. “Get the metal detector! I’m David Mearns and I’m a shipwreck hunter. In terms of the significanc…