Business idea · Education
Risk Perception Workshops
Risk Perception Workshops: Host workshops and seminars that focus on teaching individuals and organizations about risk perception, randomness, and decision-making in investments as influenced by the ideas of Nassim Nicholas Taleb. It was pitched on My First Million in the episode "Howard Marks: how I make money while you worry about a market crash" (aired July 15, 2026).
At a glance
| Podcast | My First Million |
|---|---|
| Hosted by | Sam Parr and Shaan Puri |
| Episode | Howard Marks: how I make money while you worry about a market crash |
| Aired | July 15, 2026 |
| Category | Education |
The problem it solves
Many investors misjudge risks and the role of randomness, leading to suboptimal investment strategies and emotional decision-making.
How it makes money
One-time purchase for tickets to workshops or corporate training sessions.
Skills you need
Public speaking, financial analysis, knowledge of behavioral economics, and workshop facilitation.
The market, and why this works now
Most investors underestimate the impact of randomness on their decision-making. The rise of behavioral finance principles in corporate training programs creates an opportunity to monetize risk perception workshops. Launching the first session through LinkedIn Events can attract professionals eager to improve their investment strategies. A challenge in the first year will be securing a consistent venue, as rental costs can fluctuate significantly based on location and availability, impacting overall profitability.
Our analysis, written after the episode. Not a quote from the show.
Where this idea came from
Podcast: My First Million, hosted by Sam Parr and Shaan Puri
Episode: Howard Marks: how I make money while you worry about a market crash
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.