Why Charlie Munger Hates Fake Investment Gurus?
Charlie Munger is an American billionaire investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway which is controlled by Warren Buffet.
Now i won't go into more details about his life, you can google it and find it yourselves if you are more interested in him. What is worth noting is his net worth which is as of January 2021, $1.9 billion.
I discovered an interesting video in which he goes against all the fake Gurus that are telling you how to be millionaires like themselves by trading stonks and stuff. He considers it really stupid and equivalent to try and sell Heroin to someone.
https://www.youtube.com/watch?v=adaKVVsxBlw
He is furious with all those that are supposed to be rich and selling you books of how to earn a 300% return on your investments while at the same time you have to pay to ship for their books! He basically says that if you found a way to make 300% in a year then you wouldn't bother by selling books.
He also says that these people are trying to mislead you on purpose which is quite true actually. Note that i bet this man ain't a saint either but it takes one to know one right? It's time now, to add my honest unique personal opinion on this matter.
My Personal Opinion About these Gurus
Around 3 years ago maybe a bit more, i was searching for ways to make money online or tips that will help me out and guide me. Before i finally, find Steemit I really explored everything.
Microtasks for cents, affiliate marketing, surveys and all these so-called millionaires. The first option i mentioned would give you peanuts, i can make more than i could make with those options in a week or even one or two months with one of my posts.
Now regarding those Gurus. Truth to be told if you are desperate to make some money on your own by this way then it's highly possible that you fall into their trap.
They have their own website and highlight their luxurious life throughout it. They are also are about to tell you the secret of their success but you have first to get on their email list and buy their book or ebook.
Some have their own discord or telegram channel that you need to pay a certain amount to get in and from there you are supposed to get all the information you need to become rich yourself. Furthermore, you can pay to go and listen to them talking about financial freedom and their super-secret formula for success.
Now if all of them had discovered the secret to become rich why bother doing all of this hard work in order for you to get rich as well? Are they that kind and generous? And if they are why you have to pay and keep on paying to acquire this knowledge?
I don't doubt that they made a million but i highly doubt how they did it. I assume that the way they did it is by selling you these books and everything else that is included in the "package" as well.
From what i have seen they recycle the same and same stuff most of which are pure words and not actual technics and useful stuff. The stock world is completely different than the crypto world, for now at least.
Way more players are in the game and price manipulation is a thing. Do you think that if someone had found a way to earn 300% or more, all those wall street guys wouldn't have noticed it? Wouldn't they follow his methods?
Anyways, i try to get away from all those self-proclaimed Gurus and millionaires and not only those affiliated with Stocks, but those affiliated with marketing and cryptos as well.
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What's your Opinion?*
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