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 Egg - A Short Story

Creativity in algebra | Algebra 1 | Khan Academy

View All

Here’s how I made $65,000 PER MONTH in Real Estate in 2017 (Income Breakdown + Strategies)

So for the $480,000 that I made from the first two income sources, plus the $300,000 in appreciation, that comes out to about seven hundred and eighty thousand dollars in 2017, which works out to be about sixty-five thousand dollars per month in real esta…

Building a Marsbase is a Horrible Idea: Let’s do it!

From hostile deserts, to lonely islands and the highest mountains, wherever there is space to expand into, humans do so. So, it’s hardly surprising that we’re already making preparations to set foot on Mars and to create the first permanent colony outside…

Example constructing a t interval for a mean | Confidence intervals | AP Statistics | Khan Academy

A nutritionist wants to estimate the average caloric content of the burritos at a popular restaurant. They obtain a random sample of 14 burritos and measure their caloric content. Their sample data are roughly symmetric, with a mean of 700 calories and a …