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."

Why We Should Be Worried About Apple Vision Pro

TRAIN YOUR MIND TO RESPOND, NOT REACT | STOIC PHILOSOPHY

View All

Mapping shapes

We’re told that triangles. Let’s see, we have triangle PQR and triangle ABC are congruent. The side length of each square on the grid is one unit, so each of these is one unit. Which of the following sequences of transformations maps triangle PQR onto tri…

Volume with cross sections: squares and rectangles (no graph) | AP Calculus AB | Khan Academy

The base of a solid is the region enclosed by the graphs of ( y = -x^2 + 6x - 1 ) and ( y = 4 ). Cross sections of the solid perpendicular to the x-axis are rectangles whose height is ( x ). Express the volume of the solid with a definite integral. So pau…

The 6 things I wish I knew when I was younger...

And like I said, life isn’t a race to the finish line; it’s a journey. And the journey is what makes life beautiful. It’s not the finish line. That’s something I wish I learned a lot earlier on, because as a teenager especially, it would have saved me a l…