Friday, October 14, 2016

Weekend assignment

If you are looking for something to do this weekend here are a couple of thoughts.

Buy the Michael Lewis book,  FLASH BOYS.  Read it.   You will have done what about 90% of Wall Streeters haven't done.   Hell most advisors who manage money don't do much reading.  Few pay for the Wall Street Journal or Investors Business Daily or the Financial Times.

Very few.

Second, if you get bored reading the definitive piece on the crime scene they call the stock market then watch THE BIG SHORT.  Great movie.  I have lost track of how many times I have watched it and called out the mortgage brokers, real estate agents, bankers, appraisers and everyone else who was at the feeding trough.

Learn about 2008.   Think about the shit storm that the FED has induced and the government debt that is piling up exponentially.

Math still works boys and girls.  Compounding works for you or against you.

The train wreck is going to happen again and sooner rather than later.  Don't be the last person holding stocks.   2008 was an appetizer for the next debacle.   Think.  Just think.  And remember the great words uttered by the famous trader Jesse Livermore.  Take them to heart.  He said, "The average man doesn't want to be told it is a bull market or bear market.  What he wants is to be told specifically what particular stock to buy or to sell.  He does not wish to work.  He doesn't even wish to have to think."

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Native American Advisors CHIPPEWA PARTNERS

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CHIPPEWA PARTNERS, Native American Advisors, Inc. is a Registered Investment Advisor, founded by Dean Thomas Parisian in 1995. The firm is a manager to an exclusive clientele and is closed to new clients. As a Registered Investment Advisor, our expertise developed over 35 years balances experience, integrity and tremendous work ethic. Dean Parisian is a member at the White Earth Reservation of the Minnesota Chippewa Tribe, a former NYSE and FINRA arbitrator and trader who began his career with Kidder Peabody and later worked for Drexel Burnham Lambert in LaJolla, CA. His philanthropic interest is in Native American education and he's endowed a significant scholarship for Native Americans at the University of Minnesota. His greatest accomplishment includes raising two sons and 26 years of marriage. The Parisian family enjoys outdoor pursuits at Pamelot, their farm in Tennessee and at the Ghost Ranch, their ranch on the Yellowstone River in Montana. For media requests contact the firm via email: ChippewaPartners (at) gmail dot com, on Twitter: @DeanParisian. Global 404-202-8173