{"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: Zigging, Zagging, and the Only Free Lunch in Finance","html":"","width":"100%","height":180,"duration":992,"description":"In this episode of The Penny & The Pint, the \"Old Irish Guys\" are back at the wheel and freshly returned to their South Baltimore studio following a weekend trip to Ocean City with half the neighborhood. Before diving into the numbers, John and Brendan recap the Shea kids' continuing \"world domination tour\" at the beach soccer tournament, where Nora’s team took home the bracket hardware and Ryan’s team finished as runners-up. Brendan also laments his slow, concrete-bound running pace and can't imagine trudging through hot sand on his arthritic, \"old man disease\" knees.\nTurning their attention to the markets, the guys dive into the third installment of their Net Worth and Old School Thrills series to explore that time-honored financial chestnut: diversification. While nobody is standing over a short putt on the 17th hole bragging about their 9% emerging markets allocation, the guys break down why finding assets that zig when others zag is the ultimate, Nobel Prize-winning strategy for lowering risk without destroying long-term returns.\nIn this episode, we cover:The Tesla White-Knuckle Ride: A look at how even wildly successful individual stocks carry immense volatility. Case in point: over the last 10 years, Tesla has dropped by more than 40% nine separate times, including one stomach-churning plunge of over 75%.The Three-Headed Asset Monster: Why owning a home, holding cash in the bank, and maintaining a stock portfolio means you are already running a beautifully diversified, low-correlation baseline strategy.Modern Portfolio Theory & The Efficient Frontier: Channeling the \"quant geeks and stat heads,\" Brendan breaks down Harry Markowitz’s 1952 Nobel Prize-winning work on standard deviation and baseline risk-versus-return graphing.The Only Free Lunch in Finance: Why diversification stands alone as the single strategy in the financial universe that lets you mitigate severe portfolio volatility without forcing you to sacrifice your expected long-term...","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}