{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Penny & The Pint","title":"Net Worth & Mental Ills: The Neighborhood Trap","html":"","width":"100%","height":180,"duration":649,"description":"In this episode of The Penny & The Pint, the \"Old Irish Guys\", John and Brendan, wrap up their mini-series, Net Worth and Mental Ills. Recording live on a Wednesday before a major family flight, the guys start things off by addressing the fallout from last week's unresolved debate before diving headfirst into the final cognitive traps that derail long-term wealth.\nThis week, the focus turns toward the sneaky comfort zones of familiarity bias and the emotional whiplash of recency bias. John and Brendan share how easily we can over-invest in our own backyards, including a look at home-team biases and local household name stocks and reveal a wild neuroscientific discovery about what actually happens in our brains when we try to sell.\nIn this episode, we cover:BLT Apologies & Flight Plans: A formal apology for tying up twenty minutes of airtime last week, and a special send-off for the Middle School creative teams heading out to nationals.The Familiarity Bias: Why investing exclusively in companies with an office right down the street feels safe, and why driving 20 minutes across town doesn't equal true diversification.Home Bias & Global Markets: The danger of underweighting international equities like China and India, and why investors habitually ignore half of the world's total stock market capitalization.Recency Bias & Market FOMO: How a single great week tricks our brains into thinking a stock will rise forever, and how it perfectly mirrors the emotional doom-and-gloom cycle of an Orioles text chain.The Discount Paradox: A look into the herd mentality of buying high during market peaks and why stocks are the only asset people refuse to buy when they go on sale.The Insula & Brain Pain: The fascinating neuroscience behind the endowment effect, revealing the specific region of the brain that registers physical pain and disgust whenever you sell an asset.Contact Us Visit us online: oldirishguysfinancial.comEmail your questions: info@oldirishguysfinancial.comFollow...","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}