{"href":"https://api.simplecast.com/oembed?url=https%3A%2F%2Fworking-capital.simplecast.com%2Fepisodes%2Fthe-stock-market-isnt-what-you-think-50zHmkPS","width":444,"version":"1.0","type":"rich","title":"The Stock Market Isn't What You Think","thumbnail_width":300,"thumbnail_url":"https://image.simplecastcdn.com/images/dcac09bf-f18d-4e9f-bd66-4b53719ce152/f6199b62-7a1e-4d16-a728-060d3150159a/2026-06-30t13-47-51-850z-cover.png","thumbnail_height":300,"provider_url":"https://simplecast.com","provider_name":"Simplecast","html":"<iframe src=\"https://player.simplecast.com/8475f3f5-0866-4f99-8d3c-ab44d8cb3a17\" height=\"200\" width=\"100%\" title=\"The Stock Market Isn&apos;t What You Think\" frameborder=\"0\" scrolling=\"no\"></iframe>","height":200,"description":"Most people imagine the stock market as a place where you buy a piece of a company and wait for it to grow. The reality is far stranger and more useful to understand. This episode separates the myth of stock ownership from how markets actually function as a continuous auction where price is set by the last person willing to trade, not by a company's actual value. We examine why stock prices move on sentiment and liquidity rather than earnings, how professional traders extract value from timing and information advantages, and why your buy-and-hold strategy is fundamentally different from the game everyone else is playing. You'll learn about bid-ask spreads, market makers, and the mechanics of why a stock can gap down 20% overnight even though nothing about the company changed. The uncomfortable truth: retail investors aren't really competing in the stock market — they're trading with professionals who have better information, faster execution, and different time horizons."}