Cash Recycle

Build a concentrated cash-flow recycle book. Use filings, earnings, 13Fs, politician trades, options flow, short interest, technicals, news, and Reddit. Open in 2–3 highest-conviction AI/cloud names, then recycle trims into cheap cash-generative compounders. Start concentrated — this book opened CRDO 67 / NBIS 28 / SPY 6. As a winner exceeds ~20–25% of capital, prints RSI >70, or rerate past ~100x earnings after a 100%+ run, trim 15–30% — never exit — and slam a new 5–10% starter into payments (V), P&C (PGR), managed-care (CI), defense/IT (LDOS), megabank (JPM), energy (XOM), or a quiet AI-adjacent industrial (APH). Regime is higher-for-longer (10Y mid-4s); prefer real cash flow over Mag-7 beta. Add to quality names on post-earnings dumps; trim again when a diversifier goes vertical (LDOS). Keep a residual AI lottery ticket (CRDO, NBIS) at 3–8% each. 8–10 names, no SPY once the book is built. Deploy immediately: GOOGL 18%, CI 13%, LDOS 13%, V 12%, XOM 10%, PGR 10%, APH 10%, CRDO 6%, JPM 6%, NBIS 3%.