{"title": "Investor School and Little Entrepreneurs | Mikko Nurminen and Timo Holmström | Negotiator 113", "titleOriginal": "Sijoittajakoulu ja pikkuyrittäjät | Mikko Nurminen Timo Holmström | Neuvottelija 113", "episodeNumber": "113", "guest": "Mikko Nurminen, Timo Holmström", "publishedAt": "2021-12-19", "duration": "52:51", "durationIso": "PT52M51S", "youtube": "https://www.youtube.com/watch?v=h_O2N7ZsWwE", "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/139-sijoittajakoulu-ja-pikkuyrittajat-nurminen-holmstrom-neuvott", "originalLanguage": "fi", "format": "full", "topics": ["investing_markets", "leadership_governance"], "description": "Two initiatives with one shared observation: financial matters are not learned in theory. The serial entrepreneur Mikko Nurminen's Little Entrepreneurs brings a programme into primary schools where fifth and sixth graders found their own company, build a business idea, a brand and a price list, and sell their products to a real customer; the decisive moment, he says, is when money changes hands. The history and social studies teacher Timo Holmström's Investor School runs the length of upper secondary school and does not aim to tell pupils about investing but to get a sixteen-year-old actually to open a securities account; the essential ingredient is community, because for young people social incentives do the work. For pupils with nothing to spare there is a charity portfolio in which a sponsoring company keeps the capital in its own account and donates the returns. Holmström rejects the claim that ten hours are enough to make a reasonable investor, argues that entrepreneurs need investor education most of all, and proposes a business ID for every citizen — which, the host notes, would force a fix for entrepreneurs' social security.", "chapters": [{"t": "00:00", "title": "Three tips on investing, and the importance of the team", "seconds": 0}, {"t": "01:26", "title": "A teaching background and the social studies angle", "seconds": 86}, {"t": "04:51", "title": "Why entrepreneurship has been unfamiliar in schools", "seconds": 291}, {"t": "06:44", "title": "Learning by doing, with real money", "seconds": 404}, {"t": "10:17", "title": "The basic idea of Investor School: live below your income", "seconds": 617}, {"t": "12:02", "title": "Community and social incentives", "seconds": 722}, {"t": "14:14", "title": "A charity portfolio for low-income young people", "seconds": 854}, {"t": "15:47", "title": "Investing teaches you to see a company as an owner does", "seconds": 947}, {"t": "18:19", "title": "The Little Entrepreneur's proceeds into investments", "seconds": 1099}, {"t": "19:48", "title": "The entrepreneur needs investor school most of all", "seconds": 1188}, {"t": "21:57", "title": "Your own holding company and bringing the children in", "seconds": 1317}, {"t": "24:33", "title": "Visiting lecturers and the limits of geography", "seconds": 1473}, {"t": "25:58", "title": "Communities, business mentors and the village joining in", "seconds": 1558}, {"t": "27:35", "title": "Aaron's Hot Dog: from bankruptcy to success", "seconds": 1655}, {"t": "29:07", "title": "The reflector duo and Taaleri's general meeting", "seconds": 1747}, {"t": "34:54", "title": "Could the finance sector come along", "seconds": 2094}, {"t": "37:28", "title": "Has the equity savings account brought momentum", "seconds": 2248}, {"t": "39:45", "title": "Then the entrepreneur's social security would have to be solved", "seconds": 2385}, {"t": "41:44", "title": "Why the absence of a market is a problem", "seconds": 2504}, {"t": "43:32", "title": "What companies can do for Little Entrepreneurs", "seconds": 2612}, {"t": "45:35", "title": "The risk-free structure of the charity portfolio", "seconds": 2735}, {"t": "47:22", "title": "Gofore and Etelä-Tapiola upper secondary school", "seconds": 2842}, {"t": "49:32", "title": "Three tips on entrepreneurship", "seconds": 2972}, {"t": "51:07", "title": "The team as the most important factor", "seconds": 3067}, {"t": "52:33", "title": "Closing words", "seconds": 3153}], "sourceTranscriptType": "macwhisper_srt", "subtitleMethod": "none", "provenance": "Owner page assembled from YouTube metadata, the neuvottelija.fi episode record and a MacWhisper transcription of the Finnish audio, upgraded on 18 October 2026. The chapter marks are the publisher's own, translated one for one; all 25 were verified against the start of a transcript cue. No transcript is published here: the channel has no English caption track for this episode. Both guests run the programmes they describe and the episode is promotional for both; encouraging sixteen-year-olds to open securities accounts is a contested aim in financial education and no one arguing against it is present. The host's company is mentioned as a buyer of Nurminen's book. Nothing in the episode is investment advice.", "coreTheses": ["The learning happens when money actually changes hands, which is why a simulated exercise and a real sale are not versions of the same lesson.", "The measurable objective is an account opened, not a curriculum covered — a far harder target and a far better one.", "The theory of investing fits in half an hour; the psychology and the monthly discipline of personal finance do not fit in ten hours, which is where Holmström parts company with the quick-course view.", "Entrepreneurs carry concentrated risk in their work, time and capital, so they are the group with the greatest need for a personal savings buffer."], "slug": "ep113-sijoittajakoulu-ja-pikkuyrittajat-nurminen-holmstrom", "guestsCanonical": ["Mikko Nurminen", "Timo Holmström"], "guestPages": ["https://www.neuvottelija.com/podcast/guests/mikko-nurminen/", "https://www.neuvottelija.com/podcast/guests/timo-holmstrom/"], "page": "https://www.neuvottelija.com/podcast/episodes/ep113-sijoittajakoulu-ja-pikkuyrittajat-nurminen-holmstrom/", "markdown": "https://www.neuvottelija.com/podcast/episodes/ep113-sijoittajakoulu-ja-pikkuyrittajat-nurminen-holmstrom/index.md", "captions": null, "transcript": null, "videoId": "h_O2N7ZsWwE", "dbId": null, "qaCoveragePct": 0.0, "qaSemanticVerdict": "transcript_timecoded", "aiArticleEn": "https://www.neuvottelija.com/ai/ep113-sijoittajakoulu-ja-pikkuyrittajat-nurminen-holmstrom/", "aiArticleFi": "https://www.neuvottelija.fi/economy/ep113-sijoittajakoulu-ja-pikkuyrittajat-nurminen-holmstrom/"}