Parisian Family Office, CEO. Began Wall Street, 82. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Member, White Earth Chippewa Tribe. Was NYSE/FINRA arb. Conservative, raised on Native reservations. Pureblood, clot-shot free. In a world elevated on a tech-driven dopamine binge, he trades from Ghost Ranch on the Yellowstone River in MT, his TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.
Tuesday, February 27, 2024
Monday, February 26, 2024
In 2023 I bought our home in Los Cabos to stay healthy.
At 70, it's tougher to stay healthy. I have always loved and respected the water, from early swimming lessons on the Pomme de Terre River in Morris, MN to summers in the Missouri River waters of Lake Sacajawea in North Dakota, obtaining my W.S.I. certificate in the natatorium at UMM, lifeguarding in the summer of 1975 at Page Lake near Hancock, MN to ocean water swimming for a decade in the 1980's at LaJolla Cove in LaJolla, CA where I worked for Drexel Burnham Lambert on Prospect Street. Now LaJolla Cove has the stench of seal excrement and is often off-limits due to ocean pollution coming up from Mexico to say nothing of the recent shore landings from maritime criminal aliens! Life happens. Life often changes.
Look close and see an orange buoy, well offshore, to the left of me. That buoy is my goal, daily. Sometimes several times a day depending on wind and wave conditions and what is happening on the trading turret. The water clarity, the fish, the rays, the pelicans, the frigate birds, the gulls, the osprey, the yachts, and the breaching whales are all here in the waters of mile-long Palmilla Beach. If you ever travel to Los Cabos, specifically Palmilla, near San Jose del Cabo do yourself a favor. Check out the sights and sounds of Palmilla Beach at sunrise. I promise you one thing. You won't forget it. Ever.
“We conclude that the restoration of large carnivores to the food web failed to restore riparian plant communities on Yellowstone’s northern range”
In short, the oft-cited benefit of wolves restoring the environment was found to be false - at least over a 20-year period. I’ve often said and will say again that human timelines are much shorter than nature’s timelines and we humans tend to be impatient.
What we do know is that since wolf reintroduction in 1995, the northern Yellowstone elk herd’s population has gone from approximately 17k to less than 4k in 2013 to about 6k today. We also know that elk make up 85% of a wolf’s diet, wolves kill about 22 big game animals per wolf per year, and wolves cause a 32% (specifically 24-43%) decrease in pregnancy rates in elk leading to lower calf to cow ratios which makes it harder for elk numbers to recover.
This doesn’t make wolves good or bad - it’s just facts about a prolific and efficient apex predator. What it does mean is that all species need to be managed. Colorado’s wildlife is in for a rude awakening with no CPW plan to control the wolves’ population or establishment of a carrying capacity.
Saturday, February 24, 2024
Build a New Death Star
It was a stellar morning on Palmilla Beach. The color of the orioles, the sparkling water, the whales breaching, the Ocean 9 course alive in color, the fresh coffee, hell, come to think of it, it just seems like another day in paradise. But, somebody has to do it. And it just as well be me.
Why not? I paid the dues. The only cost of entry was working half days, six to six. Life is good and getting a hell of a lot better. Every day.
I haven't been keeping up with much on the macro front in America. Am holding a lot of cash, far more than anything "normal" and will get back in the saddle when I get back to the ranch. The markets aren't going anywhere. They are open 6.5 hours of the day in New York and one can place bets accordingly around the world at any given time.
For now, let me ask you.
Where is America headed? We have a 40-year high of inflation.To say that I am grateful for the life I have is an understatement. They always called me a dreamer but there is absolutely no way my life has turned out the way I thought it would. We all face great challenges in life. All of us. It is a privilege we all have just to wake up in America.
I thank my Creator daily for the will and motivation that my parents fostered towards education. The privilege of education. We all have it. It is what prompted me to start my scholarship at the University of Minnesota. My scholarship helps leverage resources to produce long-term meaningful impact for students who need them the most and to help break the cycle of poverty, addiction, moral courage, and the suffocating absence of opportunity in Indian Country.
Call it American privilege, I get it, you should too. Gratitude is an awful powerful human emotion and I am elated to have plenty of it.
Every. Single. Day.
Friday, February 23, 2024
Last year I turned 70 and changed up my lifestyle. I decided to sleep better, feel better, lose weight, be kind to my body in the few short years I have left on this revolving rock, and curtail my consumption of alcohol. I was not a huge drinker, to begin with. A beer here, a scotch there, some wine with dinner, just probably an average consumer. I sure haven't gone cold turkey, I still will have a cold beer once in a while, especially after a good day of exercise and on occasion will join in at whatever party I am at.
I did have a beer at a great Super Bowl party this year and last night was invited to a party to celebrate National Margarita Day. I am not certain if it was National Margarita Day in Mexico, Canada, or the United States but it didn't matter.
The friends, the food, the flavorful marg's were stunningly delicious. Like martinis back in the day, one is never enough, and two is always, too many! That mantra only applied to martinis because two or more tequila shots were always a conduit to taking clothes off in public! The wild times in Mexico in the 1980s were a testament to that, maybe just living through those times was enough and to top it off I honestly NEVER walked on any vehicle hoods while the car was in motion, unlike my friends.
I not only want to thank the wonderful Canadian hosts of the party who laid out such a beautiful spread of food and drink but to all the people from Canada I met! These young ladies are terrific fun and humorous stories follow them 24/7.
I could have been hired as a dance instructor, chauffeur, or security guard but I hope to see another few years of National Margarita Day in Mexico, same place, same time! Neighbors by chance, friends for life.
I was always serious about people who put their money where their mouth is.
Hunters who get it done, brokers who touted stocks who actually owned a few shares, life insurance agents who actually owned life contracts of the policies they were pitching, trappers who actually put up good numbers year after year, investors who didn't blow up their accounts every few years, attorneys who took the right side of things, you know, it was like life itself.
Zero tolerance for bullshit. People who DO and SAY what they are going to do.
Elon Musk comes to mind. No shortage of money or honesty. He deserves so much from so many for putting up his money and being honest.
Check out his latest commentary on the wacko's at GOOGLE."I’m glad that Google overplayed their hand with their AI image generation, as it made their insane racist, anti-civilizational programming clear to all"
Thursday, February 22, 2024
Once in a great while I will invest in companies with questionable management teams that might have a Board (of Directors) loaded with greatness, talent, vision, and ability, combined with previous business experience.
There isn't a Board of Directors that has less vision, less talent, less business integrity, and less business savvy than the current AT&T Board.
The shareholders of the AT&T Corporation should demand immediate action to replace the Board and management.
How much shareholder equity needs to be squandered before enough is enough?
Have shareholders lost enough? Do they want to lose more?
It just doesn't end with this crowd of talking heads.