# FSD: Public vs Private Markets

Page: https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078/fsd-public-vs-private-markets
Text version: https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078/fsd-public-vs-private-markets.md
Podcast: [Lumida Wealth : Non-Consensus Invest Beyond the Ordinary](https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078)
Published: 2026-09-02T14:42:23+00:00
Episode link: https://non-consensus-investing.simplecast.com/episodes/fsd-public-vs-private-markets-f5pKb0IT
Audio file: https://cdn.simplecast.com/media/audio/transcoded/a3363f58-ec10-4188-a516-9ae0e891b223/4b7f2e13-6c48-457c-a76f-fa67bf27db1f/episodes/audio/group/736e7ba0-09bc-43ba-b7d6-6ad5819fcaa4/group-item/ef3624ae-badc-4752-91c2-5c50db850c30/128_default_tc.mp3?aid=rss_feed&feed=Uf4DOpaf
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JSON: https://stenobird.com/v1/public/podcasts/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078/episodes/fsd-public-vs-private-markets
Duration seconds: 841

## Resource

In this episode of the FSD podcast, the host opens with personal reflections on a weekend digital detox camping trip in upstate New York. The conversation quickly pivots to macro markets, tech earnings, and key trends across public and private sectors. Key topics include Dell and Nvidia earnings reinforcing strong AI compute and inference demand, the upcoming Anthropic S-1 filing, power constraints for data centers, and buying opportunity resets in semiconductors. The host also explores longevity/healthcare themes, fallen angels in healthcare rollups, public versus private market valuation discrepancies, geopolitical impacts on oil, and a grounded analysis of space economy investments.

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## Transcript

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