Charlie Munger Destroys Day Trading and Online Gurus
🔍 Charlie Munger drops harsh truths about modern trading, internet scams, and financial “gurus” who promise 300% returns. In this eye-opening clip, Munger compares aggressive trading education to heroin addiction and exposes the dark side of financial marketing.
Are we being misled on purpose? Watch the full breakdown and protect yourself from false promises in the financial world.
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if you take the modern
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world where people are trying to teach
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you how to come in and trade actively in
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stocks well I regard that as roughly
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equivalent to trying to induce a bunch
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of young people to start off on
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heroin it is really stupid and when
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you're already rich to make your money
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by encouraging people to get rich by
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trading and then there are people on the
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TV another wonderful place and they
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say "I have this book that will teach
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you how to make 300% a year and all you
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have to do is pay for shipping and I
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will mail it to
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you." How likely is it that a person who
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had suddenly found a way to make 300% a
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year would be trying to sell books on
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the internet to you
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and it's ridiculous and yet I've
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described modern commerce and the people
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that do this all day think they're
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useful citizens the advertising agents
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that invent the lingo and so in
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insurance they say but they mislead you
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on purpose and and I get tired of it and
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I I don't think it's right that we
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deliberately mislead people as much as
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we
