Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now CEO of the Parisian Family Office. A White Earth Chippewa, Dean helped Native Americans for decades. Raised conservative, began Wall Street career in 1982, met game changer William O'Neil in 1984. In a world on a dopamine, hypomanic binge, this is his take on financial chicanery, political crime and life well lived at their Ghost Ranch in MT or Pamelot, the Parisian's TN farm.
Sunday, October 21, 2012
So you want to be spoon-fed?
I was at a party not long ago. Great people, great food. Invariably, when in the midst of people who know what I do for a living, the conversation will turn to stocks and the market.
As the evening wore on, there was a guy who was looking for a hot tip. There is always one in the crowd. Somebody, somewhere looking for the holy grail on a Saturday night.
With cocktail in hand he closed in for the big kill.
Unfortunately, for him, this is what I told him.
I told him big profits come from chaos.
I told him life isn't fair. Accept it for what it is and exploit what the world offers you.
And because he was a "do-it-yourselfer", not wanting to pay for the services of a professional money manager I told him to commit to educate himself as opportunities present themselves.
He walked away extremely disappointed. He had not a clue.
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