{"podcast":{"title":"Lumida Wealth : Non-Consensus Invest Beyond the Ordinary","slug":"lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078","podcast_index_feed_id":6695078,"rss_url":"https://feeds.simplecast.com/Uf4DOpaf","website_url":"https://non-consensus-investing.simplecast.com","image_url":"https://image.simplecastcdn.com/images/d685d316-5f8f-423b-b62c-820daec733ad/f31b2f30-b484-49d5-9aec-28ef36b992e8/3000x3000/invest-beyond-the-ordinary-2.jpg?aid=rss_feed","author":"Justin Guilder","episode_count":151,"summary":"Thought provoking conversations with world class leaders in business and investing. Where are the overlooked opportunities? How are hard decisions made? What makes a great investor? Host: Ram Ahluwalia, CEO Lumida Wealth Frequency: Weekly Run time : 60 mins per episode Previous Guests: Frank Rotman (CIO, QED Investors), Marc Weill (Partner, Two Sigma Ventures), Doug Cifu (CEO, Virtu Financial)","last_synced_at":"2026-07-09T02:18:12.090061+00:00","page_url":"https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078"},"episode":{"title":"FSD: Hope Springs Eternal","slug":"fsd-hope-springs-eternal","published_at":"2026-03-31T12:13:16+00:00","page_url":"https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078/fsd-hope-springs-eternal","show_page_url":"https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078","url":"https://non-consensus-investing.simplecast.com/episodes/fsd-hope-springs-eternal-jBlr6ur6","audio_url":"https://cdn.simplecast.com/media/audio/transcoded/a3363f58-ec10-4188-a516-9ae0e891b223/4b7f2e13-6c48-457c-a76f-fa67bf27db1f/episodes/audio/group/77cad39f-1af8-4b63-9955-be7cc94b87ac/group-item/6a3822d2-4cf2-4fd1-a436-ea9bdc2df9e8/128_default_tc.mp3?aid=rss_feed&feed=Uf4DOpaf","summary":"In this episode, we dive deep into the psychology of \"The Slope of Hope\" and the mechanics of \"The Great De-grossing\" currently sweeping through the markets. As asset prices face downward pressure and geopolitical tensions in the Middle East escalate, we explore why \"hope\" can be a dangerous emotion for an investor and how self-deception often leads to the biggest market losses. We break down the current deleveraging trend, the \"consensus shift\" at major institutions like BlackRock, and why even world-class businesses like Microsoft and Meta aren't immune to positioning risks. Learn how to navigate this hostile climate for risk appetite, the importance of \"stacking your edges,\" and why waiting for facts on the ground is the only way to avoid holding the bag.","meta_description":"In this episode, we dive deep into the psychology of \"The Slope of Hope\" and the mechanics of \"The Great De-grossing\" currently sweeping through the marke…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2500,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078/episodes/fsd-hope-springs-eternal/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/lumida-wealth-non-consensus-invest-beyond-the-ordinary-6695078/fsd-hope-springs-eternal.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}