3 Stories Of People Making Millions In Weird Ways
About This Episode
Sam Parr discusses the 'ruthless' business journey of Martha Stewart, from her stockbroker beginnings to her rise as a billionaire and her subsequent legal battles. Shaan Puri introduces the concept of 'Ozempic for sleep' based on genetic research and explains how a French trader used the 'neighbor method' and prediction markets to profit $80 million on the US election.
Episode Description
Show Notes
Check Out Shaan's Stuff
Check Out Sam's Stuff
Key Takeaways
Implement the 'neighbor method' in market research—asking people what they think others will do—to bypass social desirability bias and get more accurate data on sensitive topics.
Monitor prediction markets as a high-fidelity news source; since participants have 'skin in the game,' these platforms often provide more accurate real-time forecasts than traditional polls.
Utilize 'Info Finance' concepts to improve corporate decision-making by creating internal betting markets to forecast the success of major strategic moves like executive hires.
Business Ideas Mentioned
Corporate Decision Markets Platform
SaaS
The Neighbor Method Polling Agency
Agency
Scientific Study Replication Marketplace
Marketplace