Episode features a debate between two investment strategies: the traditional Boglehead 40/60 portfolio (40% stocks/60% bonds) and a higher-risk Modern Mix 40/30/30 that substitutes gold ($GLD) and a complex high-yield preferred stock ($STRC) for the bond allocation. The initial segment honors Jack Bogle as the founder of low-cost index funds and the inspiration for the conservative approach, while the hosts question the recent underperformance of bonds ($BND). Subsequent segments provide a quantitative comparison showing the Modern Mix generated significantly higher simulated returns over ten years, yet the final discussion focuses on the opposing safety arguments. The Boglehead emphasizes structural safety through diversification and lack of credit risk, while the Modern Mix proponents argue for macro safety by hedging against inflation and dollar debasement using gold and a tax-deferred, high-income asset, despite the inherent single-issuer credit risk.