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."

The 5 BEST Credit Cards For Beginners In 2023
Buoyancy Quiz

More Articles

View All
Do You Have a Free Will?
Are you free? Free to choose what you do and make decisions? Or are you an NPC, unable to decide anything for yourself? You feel that you have control over your life, or at least what you’ll have for breakfast. But this may be an illusion. Physics actual…
5 Tricks That Save A LOT of Money FAST
What’s up, guys? It’s Graham here, so let’s get right into it because we’ve got an issue here. According to research, nearly 60% of adults do not have enough money saved to cover a $1,000 emergency, and nearly a third of those people would have to resort …
Homeroom with Sal & Magnus Carlsen - Friday, March 12
Hi everyone! Welcome to homeroom with Sal. We have a very exciting conversation, and I also have two temporary co-hosts today because our guest is a bit of a hero for them. We have a bit of a chess household, so we’re going to have a hopefully very engagi…
Change in expected future prices and demand | Microeconomics | Khan Academy
We’ve been talking about the law of demand and how if we hold all else equal, a change in price affects the quantity demanded. If price goes up, the quantity demanded goes down, and if price goes down, the quantity demanded goes up. So, if you hold all el…
Warren Buffett: Why $100k is the MAGIC Number to Getting Rich (Life Changing Advice)
Listen closely because I’m about to let you in on the secret to getting rich. If you just clicked on this video, it’s fair to say that you want to one day become a millionaire. But what if I told you that the hardest part of becoming a millionaire isn’t h…
You Won't Get Rich Renting Out Your Time
Next, you go into more specific details on how you can actually get rich and how you can’t get rich. The first point was about how you’re not going to get rich. You’re not going to get rich renting off your time. You must own equity, a piece of a business…