Normally, I Do Not Give Investing Advice…

"I'm beginning to think these are regular storms," he added, "and we have a sh%$#y boat."

But this proposed strategy actually sounds good:

It has been a profitable first half for Contrarian Partners. Our core investment strategy remains unchanged: to mine the research produced by investment banks every six months to establish consensus trading strategies. Then trade against them.

…………

In general, though, the advice was reassuringly poor. The markets continue to reward us for listening to the experts – then doing the opposite.

Needless to say, the proposal is tongue in cheek, but the the truth is in there.

The degree to which the "Masters of the Universe" have missed every warning out there, largely because their excessive salaries and bonuses depend on missing warnings, is stunning.

If we were to take the top 100,000 bankers in the world, and send them to North Korean reeducation camps, and pay the DPRK a million dollars to house each one, both the DPRK and the rest of the world would be far better off.

H/t Barry Ritholtz.