Episode 07
Episode 7: The Anatomy of a Market Illusion — Why Smart People Believe Bad Stories
Why smart people believe bad stories — the three elements of every market illusion, from Bonneville Pacific and familiarity risk to Utah's penny-stock boom and unverifiable nuclear pitches, and the practical rules that keep investors out of narrative traps.
Podcast Archive
July 2026 1 min read 9 min listen
00:0009:11
Episode Summary
Why smart people believe bad stories — the three elements of every market illusion, from Bonneville Pacific and familiarity risk to Utah's penny-stock boom and unverifiable nuclear pitches, and the practical rules that keep investors out of narrative traps.
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