Parisian Family Office, CEO. Began Wall Street, 1982. Founded investment firm, CHIPPEWA PARTNERS, Native American Advisors. Active Trader. White Earth Chippewa Tribal member. Was NYSE/FINRA arb. Conservative, raised on Great Plains reservations. Pureblood, clot-shot free. In a world elevated on a dopamine binge, this is his take! Written from MT Ghost Ranch on the Yellowstone River, TN farm Pamelot or San Jose del Cabo, Mexico, CASA TULE'. Always been, will always be, an optimist.
Saturday, December 24, 2005
"Please accept with no obligation, implied or implicit, our best wishes for an environmentally conscious, socially responsible, low-stress, non-addictive, gender-neutral celebration of the winter solstice holiday, practiced within the most enjoyable traditions of the religious persuasion of your choice, or secular practices of your choice, with respect for the religious/secular persuasion and/or traditions of others, or their choice not to practice religious or secular traditions at all. We also wish you a fiscally successful, personally fulfilling and medically uncomplicated recognition of the onset of the generally accepted calendar year 2006, but not without due respect for the calendars of choice of other cultures whose contributions to society have helped make America great. Not to imply that America is necessarily greater than any other country nor the only America in the Western Hemisphere. And without regard to the race, creed, color, age, physical ability, religious faith or sexual preference of the wishee. By accepting these greetings you are accepting these terms. This greeting is subject to clarification or withdrawal. It is freely transferable with no alteration to the original greeting. It implies no promise by the wisher to actually implement any of the wishes for herself or himself or others, and is void where prohibited by law and is revocable at the sole discretion of the wisher. This wish is warranted to perform as expected within the usual application of good tidings for a period of one year or until the issuance of a subsequent holiday greeting, whichever comes first, and warranty is limited to replacement of this wish or issuance of a new wish at the sole discretion of the wisher."
For Our Republican Friends:
Here's wishing all of you a Merry Christmas and a Happy New Year!!!!
While I drove him home, he sat in stony silence. On arriving, he invited me in to meet his family. As we walked toward the front door, he paused briefly at a small tree, touching the tips of the branches with both hands.
When opening the door he underwent an amazing transformation. His tanned face was wreathed in smiles and he hugged his two small children and gave his wife a kiss.
Afterward he walked me to the car. We passed the tree and my curiosity got the better of me. I asked him about what I had seen him do earlier.
"Oh, that's my trouble tree," he replied. "I know I can't help having troubles on the job, but one thing's for sure, those troubles don't belong in the house with my wife and the children. So I just hang them up on the tree every night when I come home and ask God to take care of them. Then in the morning I pick them up again. Funny thing is," he smiled, "when I come out in the morning to pick 'em up, there aren't nearly as many as I remember hanging up the night before."
Friday, December 23, 2005
Thursday, December 22, 2005
"In 1998, the average non-producing (for you investors out there who hate paying huge fees and commissions to brokers, non producing means non-selling or non-commission producing) BOM earned $515,860, thanks in part to hefty bonuses of around $100,000, according to the Securities Industry Association.
In 2003, the figure dropped 24 percent to $391,618, then rose slightly to $410,560 in 2004. Producing managers are also feeling the pinch as they saw their average compensation fall from $318,433 in 1998 to $273,202 in 2003 -- and only rose to $293,808 in 2004.
Watch your money all ye clients of Wall Street brokerage firms.
And ask your stockbroker where your yacht is.
Can anyone say, "far too few, far too little and far too late"?
Insider selling to me was always a non-event. Diversification of your companies assets is smart estate planning.
These days the Wall Street broker crowd knows well how to massage the numbers of insider buying, especially on an IPO. The brokers/bankers get the insiders to buy shares in the aftermarket so that the number will be reported. It is a farce. They sell the same shares soon after. It is all done to show how the insiders are grabbing shares and to let the public know how much confidence they have in the prospects for the company. More of the same. It is sham reporting. Believe it.
Sunday, December 18, 2005
I read with great interest your effort to increase the commission run of every Prudential broker to the annualized mark of $600,000 or an average of $50,000 per month. What a laugh! Apparently Mr. Ryan you have a very short memory. A decade ago your firm pushed the sales force to dump the toxic waste of limited partnerships on your client base to increase revenues. Look what happened. Several billion in awards later you pulled out of the limited partnership business.
As CEO, your worry about losing a million dollars a day is justified. When we were losing money in the early years of our investment management firm, we didn’t push for more charges, fees and commissions. We tried to do a better job of taking care of our clients and making them more money. But that is the difference between the buy-side and sell-side is it not? Isn’t it true you would have dumped the brokerage arm years ago if you didn’t need those men and women to keep the assets on the books for your mutual fund division? Money would fly out the door if you didn’t have the handholding needed to keep the business on the books. I wonder if it would have anything to do with the performance of those funds?
I was a broker at Prudential more than a decade ago by default. I cringe when I recall the days of George Ball and friends. I doubt if a more worthless management team ever walked the streets of Newark. I became a broker at Prudential simply because they had purchased the bankrupt firm of Thomson McKinnon. One of my fond memories working there was the time the sales desk had come out with an accelerated pay-out, (read much higher commissions) to have brokers purchase for clients shares in some company. What did I do? I looked at the chart of the company, grabbed a sales ticket and immediately shorted hundreds of shares in my personal account. No, I didn’t get the accelerated pay-out on my commission run but what I did get was thousands of dollars in profits in my personal account. Funny how that works isn’t it Mr. Ryan? Coincidence or standard modus operandi? I think the latter.
This has been a tough market. The largest hedge funds in the world shut down last year. I am sorry for the legions of Prudential clients who will bear the brunt of the efforts of your sales force to keep their seats. Down the road, the arbitration’s will come and the cycle will repeat itself long after you are retired. For now, your stock options dangle like gold in front of you. Maybe you should lay off your sales force and concentrate on your brokers clients. In the long run, it just might make you more money.
Dean T. Parisian
Saturday, December 17, 2005
The world is a better place for all your efforts.
Thursday, December 15, 2005
Wednesday, December 14, 2005
When you hold candlelight vigils, why don't you ever hold them at the homes of the victims who were murdered?
Why do you honor only those who murder?
I am heartened that Arnold really is a "terminator".
With new competion, global reach and now the ultimate perveyor of greed, a publicly run company, the NYSE needs to get their house in order. Rid the Exchange of their regulatory function. You can't have it both ways boys.
The regulatory/enforcement function is flawed with a self-regulatory organization. Mr. Cox you better fix it now.
Scandal is not far away. And trust is all you really have.
Tuesday, December 13, 2005
My standard answer is, "We manage money for friends across the globe".
They then relate to me on their big losses in the 2000-2000 bear market or tell me about the next Google or Microsoft or why the stock market can never make them money or how their C.D.'s are the highest in the land.
Once in a while they ask what web sites I explore to further my modest level of intellectual capital.
There is only one to feed the mind for a lifetime.
Monday, December 12, 2005
Thursday, December 08, 2005
Yet put a conservative speaker in a College of Liberals and it's, "die, die, get out, commie", such compassion and concern for open minded and understanding liberal students. Their teachers are doing a fine job. One would expect nothing less. That is some expensive tuition for such easy lessons.
Their actual philosophy is "do as I say, not as I do!.
Liberals are famous for flip flopping on a dime.
And never with a remedy, vision, future plan, or even hope for America.
Wednesday, December 07, 2005
Uninformed seat-holders maybe? Nawwwwww. Not a chance
This isn't for any religious reason, they simply have not been able to find three wise men and a virgin in the Nation's capitol.
There was no problem however, finding enough asses to fill the stable.