Episode Details
Back to EpisodesFSD: Jane Street
Description
In this FSD episode, the day's actual alpha comes first (go buy flowers, seriously), then it splits between two things worth thinking about. First, a health and longevity segment fresh off a cardiologist visit: why cardiovascular disease is the number one killer, the fork between insulin resistance and atherosclerosis, a carnivore-diet experiment that sent LDLs the wrong way, and the case for trying a PCSK9 inhibitor. Then the focus shifts to what's really driving this market: the factor "kill box" versus "reward box," why the winning move is front-running the quant flows at Jane Street, and how an AI-built breakout strategy became the best performer on the book.
- (00:00) 80s synth-pop, puns, and the flowers tip
- (02:30) Cardiology visit: cardiovascular disease as the top preventable killer
- (04:00) Insulin resistance vs atherosclerosis and the diet fork
- (06:00) The carnivore diet experiment and rising LDLs
- (08:00) The statin debate and trying a PCSK9 inhibitor
- (10:00) Exercise as the drug that would be worth more than Lilly or Nvidia
- (12:00) Longevity as an investing theme: senior living, travel and leisure, aging demographics
- (14:00) A Jane Street market and the factor kill box vs reward box
- (16:30) Front-running Jane Street and why it needs less capital than you'd think
- (18:00) The factor tools coming to the Lumida app
- (19:30) Communication sector setup for mean reversion
- (20:30) Momentum broadening away from semis, still holding DRAM
- (21:30) Buy stocks two weeks before earnings, and the bank setup for July
- (23:00) Why OpenAI's delayed IPO hurt Goldman and Morgan Stanley
- (24:00) Buy-the-dip research and the AI breakout-detection strategy
- (26:00) Why AI will be hugely disruptive to investing
- (27:30) Penthouse social event and a hello from his son
About the show: Non-Consensus Investing is Ram Ahluwalia's running commentary on markets, where he shares how he's actually positioning capital and talks through the ideas most investors are missing. Real-time analysis, specific names, and a bias toward what's overlooked rather than what's crowded.
Connect with Us Online:
Watch the video on Youtube: https://www.youtube.com/@Lumida_Wealth
🌐 Website: https://www.lumidawealth.com
🐦 Twitter Follow us on https://twitter.com/LumidaWealth
🎵 TikTok: https://www.tiktok.com/@lumidawealth
📸 Instagram: https://www.instagram.com/lumidawealth
📘 Facebook: https://www.facebook.com/lumidawealth