The stock market is not a casino and investing is not gambling. That may sound like a crusty, way out of fashion sentiment.

But Som Seif and John O’Connell, who’s lived through the market’s worst 20 days over the last 35 years, know the way to build wealth is not through gamifying investing as many new investors appear to be doing.

In the latest segment of our Investment Series, here’s some well-reasoned advice from a couple of experienced investors who learned that the hard way.

Related videos:

Part One: How “Relentless” Inflows & Speculation Are Distorting Prices

Part Two: Investing or Gambling? What to Know About Risk, Robinhood & Gamification

Part Three: How to Build a Portfolio

Part Four: How to Mix Stocks with Tactical ETFs & Why Bonds Are an “Awful” Investment

Part Five: How to Zig When the Market Zags to Get Downside Protection

Part Six: Why a 60/40 ETF is the “Stupidest & Worst” You Could Buy Right Now

Part Seven: Investor with $2 Million Gets Advice on How to Find An Advisor