# FSD: Unfinished Business?

Page: https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078/fsd-unfinished-business
Text version: https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078/fsd-unfinished-business.md
Podcast: [Lumida Wealth : Non-Consensus Invest Beyond the Ordinary](https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078)
Published: 2026-04-01T11:54:21+00:00
Episode link: https://non-consensus-investing.simplecast.com/episodes/fsd-unfinished-business-TMny_Hdx
Audio file: https://cdn.simplecast.com/media/audio/transcoded/a3363f58-ec10-4188-a516-9ae0e891b223/4b7f2e13-6c48-457c-a76f-fa67bf27db1f/episodes/audio/group/1eabdd65-2d7b-4637-a505-57a28274df89/group-item/040be235-1095-46dc-91a2-47b726fdbc0e/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-unfinished-business
Duration seconds: 1102

## Resource

In this episode of FSD, we dive into the intensifying geopolitical tensions between the US and Iran and why the market may be drastically underestimating the timeline for a resolution. We explore the "Trump Vision" for oil, the shifting goalposts of negotiations, and why military movements toward Kharg Island suggest a strategic play for leverage rather than a simple weekend deal. Beyond geopolitics, we discuss the "pernicious" return of inflation, the unwinding of high-beta market themes, and why being "defensively positioned" is the key to outperforming in the current market cycle. From the SpaceX IPO to the risks of "Death by Cop," this episode provides a candid look at where value is emerging and which "cult stocks" to avoid

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## Transcript

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