I never heard of BWET until you mentioned it. Then 5 minutes of research
with Google Gemini told me all about it. AI makes research so much easier.

I would think that trading rationally would be better than trading on
feelings or randomly, but not really. Rationally I know that prediction
markets are more accurate than individual bettors because they form a
collective intelligence. In machine learning, a mixture of experts always
outperforms its individual members. It's the same with humans, except they
all think they are smarter than the market. They have to or it wouldn't
work otherwise. If they really were as smart as the market, or knew that
they weren't, then they would all make the same predictions.

In the stock market, prices converge to the level where half of the market
thinks the price will go up and half think it will go down. This means the
current price is the best predictor of the future price. Regardless of your
betting strategy, your expected winnings are to break even, minus trading
and management fees.

Long term investments do go up. I haven't touched mine for decades and they
are doing quite well.

-- Matt Mahoney, [email protected]

On Mon, Oct 12, 2026, 4:22 PM John Rose via AGI <[email protected]>
wrote:

> On Monday, October 12, 2026, at 4:01 PM, Matt Mahoney wrote:
>
> If you just picked random stocks for the last several years, you probably
> made a profit. But I would be wary of BWET. Kalshi has the odds of the
> Strait of Hormuz opening by Nov. 1 at 39%. If that happens, BWET will drop
> like a rock.
>
>
> That one is crazy, very unpredictable over there, there's talk about
> ground invasion and more countries getting involved. Some of the best
> traders trade on feelings. Sometimes I do but it's very difficult to hone
> in and couple action at that right moment. This morning I did swap from
> Atom crypto to Osmosis on feelings alone and it's +45% now so I'm swapping
> out. There is some related logic on money moving into crypto, a potential
> big move coming once the Clarity Act is passed, but feelings works whether
> it's precognitive or some sort of synthesis.
>
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