Everyone says you can't beat the market, and I don't think I'm any smarter than everyone else.

But I enjoy learning about investing. It helps me sleep at night knowing what I own and why I own it. It's how I choose to spend part of my free time.

The S&P 500 is a great vehicle, but I don't like 480 of the companies in it. Whether you want 0%, 1%, or 100% allocation to gold or bitcoin is fully your choice. There's no right or wrong — it's what you're personally comfortable with.

One of Buffett's most famous quotes:

> "Be fearful when others are greedy, and greedy when others are fearful."

Here's what I've found from my own investments:

1. If I buy because I spotted some weird niche opportunity and think "I'm smart," it doesn't work out. Biotech companies no one's heard of, for example.
2. When I invest in a company or sector others are scared of, it usually works out. Buying Target at its low, buying oil when it was at -$42 per barrel.
3. When I invest in something that's at its peak and everyone says "it can't get any bigger," it usually works out too.

If I'm investing in something everyone is excited about, it doesn't work out.

## Where my head is in May

- The hyperscalers who can scale data centers and construction will win. That kind of prep takes decades.
- SaaS companies at their minimums will win. It's not easy to build a good product and get distribution.

Honestly, it feels like there's opportunity everywhere right now. Too many choices.