1) Flat is the new up.
2) Debt is the new equity.
3) Dividends are the only return.
4) If you’re looking for the bottom of the market there’s a special offer - buy one you get the next one free.
His full article is very interesting:
http://www.wilmott.com/blogs/satyajitdas/index.cfm/2009/1/16/2008--Look-back-in-Horror
His book, "Traders, Guns and Money: Knowns and Unknowns in the Dazzling World of Derivatives" is a quite informative and a shockingly hilarious read.
I'd add one correllary to #4.
"Early is the new wrong." -Peter Clarke, CEO, Man Group
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