Investing is a "low IQ business, not a high IQ business"

Welcome back to the Morning Brief! Today, we sit down with Ryan Payne, President of Payne Capital Management, to dissect the current chaos and what's really working in the market as we enter the second quarter.

What We Cover in the Episode:
The End of Q1 Chaos? Our hosts discuss the unpredictable, day-to-day news cycle, noting that geopolitical conflicts (like Iran or Venezuela) make predicting the future difficult, underscoring the need for an "all-weather portfolio". The unexpected plays often tend to be the ones that work.

Old School vs. New School: Forget the Mag Seven! Ryan explains why he is focusing on the Old School Economy. He breaks down the appeal of commodities, heavy industry, and energy infrastructure, noting they offer big dividends, lower valuations, and act as a natural hedge.

The "Low-IQ" Investing Secret: Tired of stressing over AI and hyperscaler returns? Ryan argues that investing is a "low IQ business, not a high IQ business," and advises avoiding the "brain damage" of trying to figure out crowded trades like AI research. He advocates for patience and trusting cyclicality, especially with assets like international stocks and commodities that have underperformed for long periods.