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  <title>7-14-26 Winning Less, Investing Better</title>
  <description>What if the biggest advantage in today's markets isn't making more trades or winning every debate—but knowing when to step back? Lance Roberts &amp;amp;amp; Jon Penn examine two powerful ideas: why constantly trying to be &amp;quot;right&amp;quot; can actually hurt investment returns, and how today's financial markets increasingly resemble gambling platforms fueled by constant speculation, options trading, prediction markets, sports betting, and cryptocurrencies. 0:00 INTRO 0:54 - Mixed Market &amp;amp;amp; Heightened VIX on Semi-conductors 4:41 - Markets Trying to Breakout of Wedge 9:18 - Candid Coffee Tease 10:01 - The Challenge of Investing in Current Market 12:18 - The Velocity of Information Makes us Worse Investors 18:15 - Being an Unemotional Investor - Be Like Spock 24:08 - Don't Benchmark Portfolio to High Water Mark 24:35 - We've Been Bred to Compete 26:07 - Gamification of Markets - 7 Rules of Poker 29:19 - When Enough is Enough 34:57 - Spotting Bubbles 36:12 - Using AI for Financial Advice 40:54 - AI is Not a Fiduciary 42:55 - Burt's Question on Solo 401k's &amp;amp;amp; Roths Hosted by RIA Advisors Chief Investment Strategist, Lance Roberts, CIO, w Senior Investment Advisor, Jonathan Penn, CFP Produced by Brent Clanton, Executive Producer ------- Do you enjoy our content? Rate us on Google: https://bit.ly/4b9JtEo ------- Watch Today's Full Video on our YouTube Channel: https://youtube.com/live/K-mLdepNr6Y?feature=share ------- Watch today's &amp;quot;Before the Bell&amp;quot; premarket commentary, &amp;quot;Oil, Chips, and a Market at Support,&amp;quot; https://youtu.be/rk3wl-CHUKs ------- Watch our previous show, &amp;quot;Why Spotting Bubbles Is So Hard&amp;quot;&amp;amp;nbsp; https://youtube.com/live/7bEwrd8UCHM ------- Articles mentioned in this report: &amp;quot;Poker (Gambling) Can Teach You To Be A Better Investor&amp;quot; https://realinvestmentadvice.com/resources/blog/poker-gambling-can-teach-you-to-be-a-better-investor/  'Spock And The Logic Based Approach To Volatility&amp;quot; https://realinvestmentadvice.com/resources/blog/spock-and-the-logic-based-approach-to-volatility/  &amp;quot;Spotting Market Bubbles: Why History Says It’s Nearly Impossible&amp;quot; https://realinvestmentadvice.com/resources/blog/spotting-market-bubbles-why-history-says-its-nearly-impossible/  --- Get more info &amp;amp;amp; commentary: https://realinvestmentadvice.com/insights/real-investment-daily/  ------- * REGISTER for our next Candid Coffee, &amp;quot;Narrative Busters: Market Stories Investors Should Approach With Caution,&amp;quot; Saturday, July 18, 2026: https://streamyard.com/watch/RfJtCj2byfDr --- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN --- Subscribe to SimpleVisor : https://www.simplevisor.com/register-new --- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #StockMarket #Semiconductors #OilPrices #TechnicalAnalysis #Investing #BehavioralFinance #LongTermInvesting #RiskManagement #WealthBuilding </description>
  <author_name>The Real Investment Show Podcast</author_name>
  <author_url>http://soundcloud.com/the-lance-roberts-show</author_url>
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