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Episode 581: Free Money

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Episode 581: Free Money

Episode 581: Free Money

Episode 581: Free Money

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  • <iframe src="https://www.npr.org/player/embed/362060876/362337494" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Bob Peterson claims to have found the thing people have sought for thousands of years — an investment guaranteed to double in value. He keeps it in this storage locker. Bob Peterson/Bob Peterson hide caption

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Bob Peterson/Bob Peterson

Bob Peterson claims to have found the thing people have sought for thousands of years — an investment guaranteed to double in value. He keeps it in this storage locker.

Bob Peterson/Bob Peterson

There's a term in economics, arbitrage, that basically means free money. It's finding a difference in price, a pricing mistake, you can exploit to make money. Arbitrage is a risk-free way to buy low and sell high. Everyday there are loads of people and sophisticated computer algorithms searching for an arbitrage opportunity, but they're almost impossible to find.

Today on the show, we meet two guys who say they've found one, and we visit the storage locker in Utah where they keep their secret.

Music: Stevie Wonder's "Teach Me Tonight." Find us: Twitter/ Facebook/ Spotify/ Tumblr.