{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Penny & The Pint","title":"Net Worth & Old School Thrills: Buy, Hold, and Don't Look","html":"","width":"100%","height":180,"duration":794,"description":"In this episode of The Penny & The Pint, the \"Old Irish Guys\" John Shea and Brendan O'Brien are back at the wheel to deliver part two of their series, Net Worth and Old School Thrills. Recorded on a Thursday afternoon following a long lunch and a couple of pints of \"podcast oil\" at a South Baltimore local favorite, the guys dive into the thrilling art of doing absolutely nothing: the buy-and-hold strategy.\nBefore getting into the financial data, John and Brendan break down a massive local sports victory. The South Baltimore Little League season is wrapping up, and John's team, the Miami Marlins, just clinched their first playoff game to head to the finals. They recap a standout performance by Ryan Shea who crushed a home run and pitched four-plus innings and laugh over a dugout photo of Coach John standing completely unimpressed by his son's home run trot.\nTurning to the markets, the guys tackle why \"timing the market\" is a fool's errand, back it up with a staggering 20-year impact study, look at the tax advantages of sitting on your hands, and profile the greatest buyer and holder of all time: Warren Buffett.\nIn this episode, we cover:South Baltimore Playoff Recap: A look at the final week of the South Baltimore Little League season, the Miami Marlins' big playoff win, Ryan Shea's huge night at the plate and on the mound, and Brendan's long list of injury-related excuses for his own team's loss.The Thrill of Doing Nothing: Why the old-school buy-and-hold philosophy has been forgotten in the modern frenzy of day trading, AI tech stocks, and chasing \"sexy\" high-flyers you can’t even draw with a crayon.The 20-Year Market Impact Study: Breaking down data from Bank of America and J.P. Morgan spanning 2002 to 2022. If you simply held the S&P 500, you made 9.8% annually. Missing just the 10 best days cut those returns nearly in half to 5.6%, and missing the 30 best days dropped returns to a mere 2%—failing to even keep pace with inflation.The Psychology of the Crash:...","thumbnail_url":"https://img.transistorcdn.com/w0Ck19vGNJnOsxVOC4Ck3anPnoVDHnMaMHqDO040-FM/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9iMmI2/MGU4ZGFmZmNhNTlk/MGExOTczMDUxZDU2/MDk5Zi5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}