This Isn't Right
Episode publishedPodcast: Lumida Wealth : Non-Consensus...Lumida Wealth : Non-Consensus Invest Beyond the Ordinary
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Welcome to nonconsensus investing. I'm Ram Oluwalia, your host and CIO at Lumida Wealth, where we specialize in the craft of alternative investments. At Lumida, we help guide clients through the intricacies of managing wealth so they don't have to shoulder the burden alone. Through this podcast, we draw back the curtain to reveal the strategies employed by the best in the business for their clients so that you too can invest beyond the ordinary. How's everyone doing? What a Sunday. Right? I thought I'd share some thoughts with everyone here. I know you're all trying to make sense of what's hap
have a judge. Right?
And they look at facts. They apply the law. They make conclusions. Then you have banks that make sure your savings are secure. That's how life works. Right? But this is imagine you're imagine you're Costco now. I'm short Costco now, by the way. 50 I don't want to be short Costco. It's 50 times earnings. 50 times earnings, you've got increased likelihood of further softness in the consumer. Okay? And they sell goods. They're not services. They sell goods. It's more cyclical. And vast majority of the goods they sell are imported. Does that make any sense? No. It doesn't. But it's not right for C
and look
for some kind of validation. Markets will move faster than that. Right? Dude, risk assets. Risk off. If you're an investor, there's one answer. If you're a trader, there's a different answer, unfortunately. In a normal world, these things are aligned, actually. You buy on the debt in an upswing, in an uptrend. That's when the trader view and the investor views are aligned. That's a normal healthy market, actually. Right now, there's a pathology there's a pathology in the markets. Right? Like, you think Buffett's buying? No. No.
No. No. No.
Because people are processing this information and still have this recognition moment right now, real time. You are having the moment right now. You're learning what's up what happening right now. Right? Everyone else you're probably ahead of the curve, actually. Others are not. But when confidence goes, it's hard to win back confidence in markets. Right? It's hard. So it's gonna take time. You know? I have a friend. He is a CFO of a newsletter publishing service. They have a lot of, like, financial newsletters. And, I saw them this morning. And he said he said what they see is this, the human
So
dude. Risk off. Risk off. Pretty simple, guys. Risk off. K. So high beta. Risk off. Unfortunately, there will be a time to go get that stuff because it will move it will rally the fastest too. The problem is then you gotta be a trader as opposed to focusing on your job and your livelihood and your profession. That's not right. Everyone's fixated on what will Trump say next. That's it. That's how policy formation is happening right now. That's not right. You need clarity. You need to be a long term forecast, long term projections to build a business, build a plan, to provide yourself and others
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