1. Identify last cycle’s big winners

2. Buy them as they are blowing up

3. Buy more as they blow up further and sell calls to firmly entrench yourself

4. Sell any winning trades you have to triple down in your losers, sell more calls

5. Double check the fundamentals as they crater to even new lows

6. Figure out what positions you’re down the least on, sell those to meet margin calls

7. Triple check the fundamentals and check the analyst recommendations

8. Blame hedge funds and irrational investors, sell more calls if you can

9. Don’t answer the f@#king phone

10. Repeat with New Fund Name and Partners