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 encomienda system

Continuity and change in American society, 1754-1800 | AP US History | Khan Academy

View All

2002 Berkshire Hathaway Annual Meeting (Full Version)

Here but a seconder or anybody would like to speak that motion might now work their way over to the microphone in zone one. Could we have a spotlight on where there it is? And that way when we get to that point of the program, if anybody that would like t…

Get to Know Your Land | Live Free or Die: How to Homestead

[Music] [Music] Hello there! Well, hello there! We’re hanging out in the forest garden, being cool homesteaders. So, when I first came here, I had this idea from looking at pictures and books of what my homestead was going to look like; pictures that we…

Beta decay | Physics | Khan Academy

Did you know that paper industries can use radioactivity to ensure consistent thickness throughout the paper? That’s right! But doesn’t it make you wonder how do you use radioactivity to do that? Well, let’s find out. If you have a very heavy nucleus, th…