The Most Dangerous Thing an Investor Can Believe

August 12, 2026 - Zach and Chase discuss why one of the most valuable skills in investing may be the willingness to admit when you're wrong—and why political identity, ideology and confirmation bias can make that increasingly difficult. They also break down the latest developments around Iran and the Strait of Hormuz, why a prolonged stalemate could actually increase Iran's incentive to escalate, Washington State's tax debate, the federal deficit, Berkshire Hathaway's post-Buffett capital allocation, and another unusual day across AI, semiconductors and volatility.