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Charlie Munger roasting fake gurus for 5 minutes straight. He explains how many scams there are in the modern world and the dangers of falling for those. People buy online courses & “wonderful” books (only pay for the shipping!) that teach how to get rich, trading actively in stocks and making 300% returns out of thin air. Mr. Munger says that this development is really stupid and ridiculous.
From Daily Journal Annual Meeting (2019)

Being a vice chairman of Berkshire Hathaway and the closest partner (right hand man) of Warren Buffett, Charlie Munger has a net worth of around $2 billion. He is a profoundly wise man who is absolutely worth listening to, especially when it comes to investing, stocks, the psychology of wealthy people, rationality and life experience.


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Charlie Munger DESTROYS Fake Gurus