Published research on psychotherapy has increasingly demonstrated its effectiveness as an evidence-based treatment for many psychiatric disorders, in categories ranging from mood and anxiety disorders to personality disorders. But psychotherapy, even “manualized,” standardized psychotherapy, comes in many varieties. Not uncommonly, adherents to one form of psychotherapy or another advocate for its unique effectiveness, as if the field were a racetrack where there is only one winner. In this spirit, the most frequent “either/or” comparison is between cognitive therapy and psychodynamic therapy, often viewed as radically different treatment approaches. Without PowerPoints and without scripts, Beck and Gabbard will take their seats for an informal armchair conversation about these different yet overlapping forms of psychotherapy.