Agreed. It's not being stupid that makes you vulnerable to bullshit. It's not wanting to look stupid. Lots of people will silently nod as if they understand when they have no idea what's being said. I've even done it myself in some circumstances. Unfortunately, this allows the speaker to gloss over critical issues make nice-sounding ideas unworkable in practice.
I sometimes fall into the trap of not asking questions in order to avoid looking stupid. However, when bullshit rises to a certain level and I've heard practically no substance, I don't ask questions mainly because I don't care. Once the bullshit bit is flipped, it is hard to unflip.
I'm certainly guilty of this. In my case, I suspect I process verbal information a touch slower than I should (which is to say probably above average, but below average when dealing with the fast-talking-fast-acting business crowd).
I do that all the time, but not because I don't want to look stupid. Usually it's because they're talking about something I'm just not interested in, but I don't want to be rude about it.