Talking Real Money - Investing Talk
Talking Real Money - Investing Talk
Don McDonald
The Wisdom of Crowds
30 minutes Posted Mar 10, 2026 at 4:52 pm.
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Show notes
Don and Tom start with the classic “jelly beans in a jar” experiment to explain the wisdom of crowds and why large groups often produce surprisingly accurate predictions. That idea leads to a discussion of modern prediction markets like Kalshi and Polymarket, which sometimes outperform professional economists when forecasting things like GDP, inflation, or Federal Reserve decisions. But the hosts emphasize that these predictions ultimately don’t matter to investors, pointing instead to the lo...