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I'll read an email from one of our listeners. I'm a journalist and a fan of
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the show. I don't understand why I'm hearing Kelie percentages cited during
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the show has said it's anything. It's people guessing. I think it's more
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harmful than helpful. So, what do you think about that? >> This is one of those things I'm hugely
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conflicted by cuz I am absolutely fascinated with the data. Where I would push back on the listener is, oh no,
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this data is incredibly insightful. This is the wisdom of crowds. Whenever I'm
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looking at political races, whenever I'm looking at interest rate movements, I go
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to Khi. Typically the people who did this stuff were were academics, economists or an investment banking
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analyst. All of them are conflicted. All of them want to catastrophize because it
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makes us look smarter. All of us have third party influences. Nothing is more amoral and pure than money. When someone
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bets on something, it really shows you what they really think is going to happen. These speculation markets or
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prediction markets have essentially put pollsters and to a certain extent investment banking analysts out of work.
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If you look at the prediction markets record versus pollsters in the last election, the prediction markets kicked
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their ass. I love the data. I am swimming in the data. It's one of the first things I do before I get on a
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show. I look at Cali data. I'm totally conflicted because at the same time, there's a really good argument that this
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is just gambling.