{"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 Ghost of Lucent Past","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/d76f6803\"></iframe>","width":"100%","height":180,"duration":1379,"description":"In this episode of The Penny & The Pint, the \"Old Irish Guys\", John and Brendan, crack open a fresh can of podcast oil at their Wheeling Street studio to tackle three powerful cognitive biases that can sneak up and paralyze even the smartest investors: Loss Aversion, Anchoring, and the Endowment Effect.\nUsing a classic American cautionary tale they call The Ghost of Lucent Past, the guys trace the true story of their own grandfathers. As 40-year AT&T veterans, Grandpappy Shea and Grandpappy O'Brien watched a 1996 \"found money\" stock spinoff skyrocket into a small fortune of nearly $34,000 during the dot-com boom. But instead of taking gains off the board, emotional attachment and a refusal to lock in paper losses caused that fortune to melt down to just $224. John and Brendan break down how to recognize these mental traps before emotional paralysis sets in on your own portfolio.\nIn this episode, we cover:Back to the Podcast Oil: Why the guys decided to leave the \"straight\" style behind and return to what works best when tracking bubbles and market behaviors.The Uncut BLT Mystery: Brendan’s ongoing battle with a local South Baltimore establishment that refuses to slice his sandwich on a bias, driving him to caveman extremes.Loss Aversion: Understanding why the biological pain of losing a dollar is twice as powerful as the joy of gaining one, and how it keeps investors riding assets all the way to the bottom.Anchoring Bias: The dangerous habit of relying on a past \"high watermark\" price to determine an investment's current worth, ignoring changing fundamentals.The Endowment Effect: Falling in love with an investment or stock simply because you own it, you researched it, or it was passed down as a family gift.The Nokia Remnant: A look at what that historic dot-com investment would be worth today, and a call out to see if any listeners are still carrying an old Nokia phone.Hunting with a Shotgun vs. a Rifle: Why trying to pin all your hopes on individual \"darlings\"...","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}