@jakeclaverqfop: The closer you are to where the money enters the system, the less inflation you eat and the more you earn. That's the whole game in one sentence. Whoever sits closest to a new wave of capital catches the appreciation, and whoever shows up last buys the top from them. It applies to every cycle, every asset, every rotation. Position before the inflow, not after the headline. Save this and reread it next time you're tempted to chase.