Jul 7, 2026 · 23 min · 10 segments
When perceived advantages don't always equate to results. In the third episode of Pender's World Cup Series, Senior Equity Analyst Felix Narhi joins host Laura Baker to explore why being the…
Felix NarhiGuestLaura BakerHostWelcome, Felix.
When they took the pitch against Spain, no one would have anticipated a tie other than me, obviously.
But my question to you is, why do underdogs so often seem to outperform, especially when up against these big favorites?

So when you're playing with that kind of pressure, you just kind of be a little bit tighter.

You play a bit more, maybe defensively, because you don't want to make a mistake and look foolish.

They're just... happy to be there and certainly the cape verde story is probably even bigger in many respects than the great tournament messi's having so far right that's these are the stories that people love everybody loves a good underdog story and the fact that they this tiny nation got to the knockout stages i think the smallest nation ever to get to this stage it's just like people just love these stories right and again they didn't actually win anything but yet they just essentially had these great draws being like defensively brilliant but again that was enough to get them to knock out and again people just love the story so
And just you see some of these other teams come out and it's the weight of the world is on their shoulder and they know their entire country is banking on their success.
And to see this island nation of half a million people just be almost that childlike enthusiasm.
Welcome, Felix.
When they took the pitch against Spain, no one would have anticipated a tie other than me, obviously.
But my question to you is, why do underdogs so often seem to outperform, especially when up against these big favorites?

So when you're playing with that kind of pressure, you just kind of be a little bit tighter.

You play a bit more, maybe defensively, because you don't want to make a mistake and look foolish.

They're just... happy to be there and certainly the cape verde story is probably even bigger in many respects than the great tournament messi's having so far right that's these are the stories that people love everybody loves a good underdog story and the fact that they this tiny nation got to the knockout stages i think the smallest nation ever to get to this stage it's just like people just love these stories right and again they didn't actually win anything but yet they just essentially had these great draws being like defensively brilliant but again that was enough to get them to knock out and again people just love the story so
And just you see some of these other teams come out and it's the weight of the world is on their shoulder and they know their entire country is banking on their success.
And to see this island nation of half a million people just be almost that childlike enthusiasm.
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