The Wisdom of Crowds
Talking Real Money - Investing Talk
Don McDonald
4.5 • 810 Ratings
🗓️ 10 March 2026
⏱️ 30 minutes
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Summary
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| 0:00.0 | Reality Radio for a really great future. |
| 0:08.0 | We're talking real money. |
| 0:10.6 | Let's talk jelly beans for a moment. |
| 0:15.3 | I know you're going, what is this? |
| 0:16.9 | The confectioner show? |
| 0:19.1 | Yes, talking real sugar consumption. Hello, everyone, I'm Don |
| 0:22.5 | McDonald, along with Tom Cock, who is a pro at consuming any sugar product that contains |
| 0:27.0 | massive amounts of chocolate. That is the truest statement of which you've ever made. |
| 0:32.8 | I don't know about jelly beans. How? I don't, not a jelly bean guy. I literally, yes, I will eat basically anything that's chocolate, but that's it. I don't eat the rest of stuff. Not in, don't like it. So you're not a caramel fan? Nope. Not a jelly bean fan. Not a nerds or a Skittles fan. Not a fan of any of those. Okay. Well, let's talk jelly beans for a minute, but not eating jelly beans because, you know, |
| 0:56.0 | here's my thing with jelly beans. |
| 0:57.3 | If I get that jelly belly mixed thing at Costco, I can't eat it because they've got like the |
| 1:05.0 | peptobismal flavored ones and the hot ones and the black licorish ones, all of which I think are just terrible. |
| 1:15.2 | Why don't you have peptobismol flavored? |
| 1:18.5 | As a guy who has peptobismal from time to time, I can't imagine eating that. |
| 1:23.3 | I don't know what the flavor is, but it's a pink one that tastes like peptobismal. |
| 1:27.4 | Anyway, the reason we're talking about jelly beans is this concept called the Wisdom of Crowds. |
| 1:35.1 | It is well established through multiple, very simple studies that anyone can do any time. |
| 1:42.7 | You just get a big enough group of people together and you fill a jar of whatever size |
| 1:48.1 | with jelly beans. |
| 1:49.0 | You count the jelly beans before you put them in. |
| 1:51.3 | You put them in the jar. |
| 1:52.7 | You screw the lid on. |
... |
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