Two types of investors that are both broke.


The perma bull.
Always levered up. Always buying calls.
One bad year wipes them out.
Bought high. Got margin called. Done.
The perma bear.
Always waiting for the crash.
Sat in cash from 2020 to 2024.
Missed the entire run.
Still waiting. Still broke.
The all-weather investor wins.
Base portfolio always building.
Ratios get tighter when the market is expensive.
Ratios get wider when the market is cheap.
Sell puts when it makes sense. Buy calls when they are cheap.
I do not have a permanent opinion on the market.
I have a system.
The system tells me what to do.
Not my feelings. Not the news. Not social media.
The system works in bull markets.
The system works in bear markets.
Same playbook. Every time.
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