> people actually believe it is a reliable way to predict the future It's comical because I made like 30 percent in the span of a few months by betting against

> people actually believe it is a reliable way to predict the future It's comical because I made like 30 percent in the span of a few months by betting against well known biases in IEM -- the investment stakes are too low for informed participants to move the market meaningfully. But it's too low stakes to bother automating arbitrage strategies that would remove some of the bias of the public market.