Coming off the 250th anniversary weekend, Ram opens with reflections on the bicentennial and the podcast he made framing World War II as the first global test of the ideas in the Declaration of Independence. Then he gets to the market shift he's been watching: after three months of semis sucking capital out of everything else, money is rotating back into quality. He explains what "quality" actually means, the specific names he owns and doesn't, and why utilities and health care are working right now.
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.