New York Magazine recently featured a story about a high school student who made $72 million off the stock market.

“One problem,” Greg Gutfeld observed tonight. “He made it up.”

"We were duped,” the magazine said. “Our fact-checking process was obviously inadequate; we should have known better."

Gutfeld remarked that it hasn’t been a great month for magazines.

“They keep forgetting the first rule in storytelling: if it sounds too good, it ain’t.”

So why does it keep happening, Gutfeld wondered.

“It’s the triumph of feeling over fact, in which decades of campus thought has put activism and regurgitated identity politics before reality […] Ego-driven emotion blinds writers to obvious fakery that even a jiffy lube mechanic could spot.”

Gutfeld asked: could you imagine anyone in a Pittsburgh dive bar buying this story?

“It’s like the lady who marries a death row killer,” Gutfeld said. “We know he's a monster, but she thinks: what if he’s innocent? No sensible person buys it. But it's never the sensible who do. It's always the educated.”

Watch the monologue above.