In episode #7 of The Big Bo $how, Big Bo (a.k.a. Jason Blumstein, CFA) brings on a special guest, the person who made Big Bo "lose his appetite" (from Ep 6) to discuss the psyche behind thinking "the stock market" is gambling. Topics discussed include:- Why it's important to learn about who someone is first, not what they do- A "mindset hack" to help resolve this gambling mentality- The importance of finding a philosophy that you understand, to allow one to block out the noise and stick with it- A couple book recommendations that were helpful in shaping Big Bo's personal finance and investment journeyEditor's Note: around minute 27-29 we experience some sound static technical difficulties.  We apologize for these 2 minutes.We hope you enjoy the $how!!!!!Episode 7 Key Takeaways: 00:00 Introducing today's guest, non-profit executive Maury Litwack. 03:21 Placing an emphasis on knowing people beyond their professions — and how to establish a closer connection with those in your community. 07:48 How personal experiences can amplify the misconceptions of the tie between investing and gambling. 15:33 How investors can get themselves into trouble by not looking at the stock market as a tangible thing. 23:03 The importance of expectation management when evaluating investment returns. 27:29 Why does the financial media lead with negative headlines?The content is developed from sources believed to be providing accurate information. The information in this podcast is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.Julius Wealth Advisors, LLC (“JWA”) is a registered investment adviser located in Englewood, NJ. Registration as an investment adviser does not imply a certain level of skill or training.  The publication of The Big Bo $how should not be construed by any consumer or prospective client as JWA’s solicitation or attempt to effect transactions in securities, or the rendering of personalized investment advice over the Internet.A copy of JWA’s current written disclosure statement as set forth on Form ADV, discussing JWA’s business operations, services, and fees is available from JWA upon written request.  JWA does not make any representations as to the accuracy, timeliness, suitability, or completeness of any information prepared by any unaffiliated third party, whether linked to or incorporated herein.  All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.JWA is neither your attorneys nor your accountants and no portion of this podcast should be interpreted by you as legal, accounting, or tax advice.  We recommend that you seek the advice of a qualified attorney and accountant.

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