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."

How a New Generation Is Saving Zambia's Lions | National Geographic

The Power of Radical Acceptance

View All

Things to consider when renting a home | Housing | Financial Literacy | Khan Academy

Let’s talk about things to consider when renting. So the first consideration is how much should you spend. A general rule of thumb is that you should spend a maximum of 30%—that’s 30% of gross income on housing costs. Now, I didn’t say rent here; I said h…

12 Animals in The Amazing Amazon (with Slow Mo) - Smarter Every Day 76

Hey, it’s me, D. Welcome back to Smarter Every Day! So, I think I can make the argument that anytime you add animals to the equation, it gets more interesting. Case and point, would you agree with that? Spoty, get you cinched up here! So, there, all I did…

How has the position of Speaker changed over time? | US Government and Civics | Khan Academy

How is the position of Speaker of the House changed over time? The position of Speaker of the House has changed a lot over time, and it has had powerful early advocates. Henry Clay, an early Speaker of the House who had three different terms as Speaker, …