Poker Losses, The Gambler's Mentality, and How To Figure Out If You're Good at Something - t1000

It was great having JC back on the podcast. As all of you are well aware, I am not a professional poker player, but I still find these episodes interesting because of the crossover into my own life. I found it especially interesting when JC was talking about the nit game. The nit is an externality in the poker game that was tough to account for. It substantially changes the way the players play the game. I hope you enjoy this one. Please subscribe to our RSS feed. Subscribe to our RSS feed: https://www.joebegs.com/podcast JC's Instagram: https://www.instagram.com/t1000_jc/ Episode Summary: In this compelling episode, we dive deep into the highs and lows of the host's journey, starting with candid reflections on sobriety attempts and a jaw-dropping tale of losing $150,000 in one sitting. The discussion unfolds to explore the intricate dynamics of the nit game, early financial losses, and the high-risk, high-reward world of leverage and whales. Listeners gain insight into the gabler mentality and the pursuit of passion, juxtaposed with Hormozi's theory on high-risk success and the philosophy of going all in. As the conversation progresses, the host shares the inspiration drawn from following Theo Von, standing at the start line of a new career, and enduring brutal downswings. The episode also covers maintaining happiness amid shifting goalposts, the art of booking and recognizing talent in comedy, and the inevitable comparisons and trash talk in the industry. Concluding with a raw and honest moment about almost quitting comedy, this episode is a testament to resilience and the relentless pursuit of dreams. Timestamps: 00:00 Intro 00:25 Sobriety Attempts 03:20 Losing $150,000 in one sitting 10:30 The added complexity of the nit game in this situation 16:45 Young Losses 18:00 Leverage, whales and upside 21:30 Gablers mentality and risk taking 23:30 Should you do what you love? 25:15 Hormozi's Theory on High Risk Success 28:00 Going all in 30:00 Following Theo Von 33:00 Standing on the start line of a new career 35:55 JC's Brutal Downswing, Joe's Tough 2023 and great 2024 , Depression, and Achievement 39:00 Keeping the goal posts from moving and happiness because of and in spite of success 43:00 Booking people in comedy, and talent. How to know if you're actually any good at something. 45:45 People that feel the need to talk trash. Comparing yourself to others. 51:08 Channels that trash comics (CLIP) 53:30 Almost Quitting Comedy