In this episode, we examine how mass delusion fuels speculative manias and why history keeps repeating itself. This isn’t just a look at past bubbles—it’s a mirror to today’s markets. Referencing Charles Mackay’s Extraordinary Popular Delusions and the Madness of Crowds, we discuss why traders ignore risk, chase fantasy, and pay to stay blind to reality. This episode delivers the full picture—expanded, modernized, and brutally relevant.