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.
Thursday, November 30, 2006
The quote: "Vice President Lyndon Johnson received the following message from an Indian (Native American) on a reservation: "Be very careful with your immigration laws. We were careless with ours."
Monday, November 27, 2006
Monday, November 20, 2006
Saturday, November 18, 2006
Friday, November 17, 2006
Another thing that no one ever talks about is the problems that stem from the deliberate overpricing of new shares which creates a huge wealth transfer from a newly public company to the major customers of an investment bank. Shareholders are much better off in the long run with a higher net worth than with an artificial and temporarily high stock price. Remember that IPO’s are allocated to clients who pay big commissions, Steinhardt and Cramer come to mind. Those responsible for completion of an IPO are the lead underwriters. If the brokers were held liable for the tremendous carnage inflicted on early buyers of IPO’s the mispricings would end. Those responsible for a company are the directors. If directors were held liable for the eradication of corporate assets by allowing for an IPO to go out at say half the opening price, the mispricings would end. Why should a firm leave so much on the table for Wall Street to pocket?
Makes me wonder how many hedge funds with long exposure to crude are under water?
Thursday, November 16, 2006
The ICR 225 will be the first of these products, the Chatsworth, Calif.-based company said. The product's distinguishing characteristic will be a patented technology rendering the engine's generator equally efficient whether utilizing all of its 225 kilowatts of power or only 75 kilowatts -- in other words, whether the vehicle using it is flying down a highway or churning slowly through traffic. Shares are up 12.6%.
Tuesday, November 14, 2006
Fed Budget Revenues
2406.4560 Billion on 12/31/06
Over the past 15 years, Federal revenues have increased a full 128%, more than double the increase in CPI over that span, and more than seven times the rate of population increase.
Maybe they should pull up a stock chart of Toyota and try to figure out what the American consumer wants in a car. Toyota seems to be doing some things right.
The unions are on the ropes and don't even know it.
Monday, November 13, 2006
He said, "My son, the battle is between two "wolves" inside us all. One is Evil. It is anger, envy, jealousy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego. The other is Good. It is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion and faith."
The grandson thought about it for a minute and then asked his grandfather: "Which wolf wins?"
The old Chippewa simply replied, "The one you feed."
Sunday, November 12, 2006
We picked up the necessities of water, trail mix and toilet paper as we headed out to the ranch of some long time friends after sighting in our rifles at the local gun range. Something I always do after traveling with firearms. My gun was right on and shooting perfectly. I had been hunting in this area since 1983 and know many of the locals. You can’t find a finer bunch of Americans anywhere than in this tiny town on the Mussellshell River. It was my first hunting trip back in the area since my long time friend, Creel Poole had went on ahead and as I glanced up into the timber above his old home I felt a twinge of sadness. A rugged stout man in his day and blind in one eye he was a gentle giant with a great sense of humor and smarts. His gift to me months before he passed will be with my family forever.
The deer population in this part of Montana is in good shape. Maybe even better than I had dreamed it would be. Whitetails and muleys were everywhere. Hundreds of them. Lots of bucks for sure. If only the Montana Department of Game, Fish & Parks could persuade the state’s politicians to change the law and stop the hunting of mule deer during the latter stages of the rut. Tradition dies hard in the West and those rules may be hard to change. It would be best for the deer herd and long term, probably better for hunters. I hope it happens sooner than later even if it means less rut hunting for me. I know the outfitters would fight it and they hold sway with the politicians. Money still talks.
The first morning dawned as usual. Priceless fiery orange colored the morning sky as we worked out an area right at daylight. Ron had misunderstood the nonverbal direction we were going to hunt out and it was my fault as I said the word, “southwest” instead of “southeast”. Our GPS units held points in both directions and we were soon far apart in moving to what we thought was a predetermined meeting point. I saw a couple of bucks feeding in an old burn about 8:30 and the clouds had moved in as the wind picked up. It was great getting the kinks out and moving in the hills once again. A far cry from the nasty snowy conditions I endured two weeks prior in the Gore Range of Colorado looking for one of the giants muleys in Eagle County. Ron and I made radio contact and determined we had not been on the same wavelength. We agreed we would meet at a water tank at 11:30 for some jerky and trail mix and I shut off the radio as a muley doe walked into view. About 15 seconds later I heard a bugle. Upwind in either of two canyons I knew I was fairly close. With the wind out of the northwest I had figured the elk to be in the canyon closest to me and where I figured they were due to the thickness of the timber. I worked so slow, so careful. Having topped out at the head of the canyon without nary an elk hair in sight I headed back south. It was well past 11:30 and I thought I should quietly make radio contact with Ron and tell him I was late to our meeting. Ron said he had spooked two small bulls out of the canyon north of the well and I figured they were the elk making all the noise as I headed back downwind on the ridge overlooking the other canyon. How wrong I was. I heard the first “blowing” sound of elk on the move as that tawny color moved by through the thick timber. The herd was blowing up the canyon upwind as I ran to the top of the ridge to find a decent vantage point. It was simply a bull bonanza. Bull after bull after bull. I thought every age of elk was represented in that herd with some huge bulls bringing up the rear. I picked out a calf who was away from the herd and moved out to the very end of a precarious rock outcropping for a better shot. It was too late as the tall timber was in the way and my feet were up against a 30 foot drop. If it was to be a cow elk or sudden death the choice was easy.
I listened to the galloping herd top the ridge and drop into a massive maze of canyons that were on my check list of places to hunt out the following days. It was to be my first time in that particular drainage and I knew those elk were headed there with reckless abandon. I figured given enough time we would find them again. Little did we know that it would be at first light the following morning when another herd came into view.
We were about a mile from the trailhead we were going to take back into the hills when Ron said, “what’s that”. I said, “elk” as we moved to the bottom of the draw and I shut off the truck. They were still a long ways off headed south moving across an open field coming from a water tank and I knew we could catch them if we moved up the draw and into some finger draws to try and intersect them. We bailed out of the truck and moved hard and fast, as fast as we could anyway. Both of us in our 50’s and in relatively good shape helped but it wasn’t as fast as my days in the hills of the Dakota’s chasing mule deer by a long shot. Ron and I have spent a lot of great time hunting together and this was his 4th trip to the Big Sky state, his first for an elk. I had cautioned Ron to make absolutely sure we would be firing at only cows and to be certain no bulls were behind any cows. I would have hated to have a bullet pass through a cow and kill a bull standing behind any cow.
As usual, these nomads of the hills were moving faster than I had thought. As we topped the hill it was now or never. Instinctively, I glanced at a big elk on the left, at the back-end of the herd and sized for horns. Nothing. The report of Ron’s rifle was still echoing as I pulled the trigger of my .243 a nanosecond later. The herd bolted and I ran to the ridge. Ron’s elk, the lead cow lay kicking in a death-throw and my elk was nowhere to be seen so I took off in the direction of the herd. Down and up I crested the hill and heard a running animal and saw the elk come to a halt broadside about 140 yards away. I put the rifle up next to a tree and touched off. At the sound of the “smack” the cow hit the ground. It doesn’t take long to shoot 1,300 pounds of cow elk but it does take a lot longer to load it into a pickup. We had a time of it but the job was done. We were two elated hunters as we pulled into the processing plant a mere 70 miles away that afternoon.
Taking those elk early in the hunt was nice. The pressure was off on the elk tags and we had plenty of time now to find some great bucks. Rutting activity looked to be on the rise but the weather didn’t want to cooperate. I only wore a hunting jacket once in a week. Very un-Montana like, warm wet weather was the forecast. A big full moon with a light drizzle and warm humid days probably aren’t conducive to great buck hunting and surely not great rutting activity. Over the next few days we saw hundreds of deer. We figured we saw at least 200 deer a day and probably one buck for every 10 does and perhaps one “maybe last day shooter” buck for every 25 bucks that we saw. We spotted a great buck and Ron wanted me to try to get him if we saw him and his doe group again. The next day they finally showed around mid-day working their way out in the open. It was wet and my boots were heavy with that famous brown gumbo clay as I made my stalk. As I was down on all fours and creeping to the top of the hill I could see the deer spread out across the hillside, all except for that big buck. He was behind the only tree on the hillside and one of the does spotted me as the wind had died and the midday calm was unusual. As they moved up the hill my shot presented itself. Easy Dean, just breathe and kill him right there. I squeezed so gently and at the rifle crack the buck stood there. On the second shot I knew I had a scope problem. He should have been on the ground. I kept firing. After 5 shots and still running for the hills I knew it wasn’t to be my buck. After a dejected walk back to the truck I knew my next order of business was back to the firing range. Pronto. As the drizzle continued, the answer to missing that great buck was obvious. The shooting range work showed my rifle to be shooting over 20 inches high. My rifle had taken a bad fall the night or two before when I leaned it up against a chair in the bedroom which I thought to be a stationary chair. It turned out to be a swivel chair which when it swiveled, dropped my gun against the concrete floor with the scope hitting the floor first. I knew I may have had a problem after the spill it took and I didn’t do anything about it. It cost me that beautiful big 4x4 mule deer. Such a gorgeous typical buck with such great front forks and all because I was careless, may it be a lesson to all.
As always, the week went by way too fast. The number of deer on the river was stunning. For all of the whitetail bucks we never, ever, once saw a 10 pointer. The Mussellshell 8, the standard 4x4 or 8-point horn structure was all we could find. Hundreds of them. What’s up with that?
The number of eagles on the river was eye-catching. Goldens and balds filled the air. Prairie dogs are not in any danger of extinction for the next 100 hundred years either. Muskrats, beaver and rabbits were numerous on the river bottom as well as a great pheasant crop. Geese lifting off the river were loud. Turkeys were numerous and big as fawns. We saw only 2 coyotes all week and Ron had a great view as he walked up on a couple of bobcat kittens playing in a tree. One ran off and the other stayed in the tree looking down on him. And as usual, a priceless memory in front of him and no camera in the fanny pack to record the moment. The hospitality of our hosts was as always, full of fun and good food. The locals are a hardy bunch and always with an optimistic attitude and friendly smile, maybe it has something to do with the fact there is no cell phone coverage in the area. We needed the weather to change and get the rut going again. I tired of working the hills and sweating in the light rain. Day 6 was ahead and the weather forecast promised the temperatures to drop near the freezing mark. I figured our time was near and I figured right. The grass was greening with the moisture over the previous few weeks and the warmer temps were getting the grass on the rise. We were finding deer everywhere it was green and we spent a lot of time glassing the bottom of canyons looking for green. And speaking of canyons, there is something magical about picking your way through those remote rims ever so slowly, always thinking there is a lion watching you and some Native Americans making camp in the next bottom. Being up there with the eagles is a wonderful experience. Looking into holes that could harbor a monster grey ghost is always fun and looking at trees that were saplings a mere 200 years ago, brings the term, “long-life” into reality. The sunsets are priceless for it is indeed the Big Sky state.
I luckily bumped into my buck in the early afternoon. It was cool and cloudy and bucks were still roaming. Ron had taken a wide 27 inch buck that morning a few miles south and I had to get back to some country that I knew had bucks and hadn’t covered yet. I got back just in time. I came up a steep ridge and broke out on top and there were 3 bucks hounding a hot doe and I kept looking for a bigger buck to show. I hit the deck and got my binocs up. The doe was keeping all of them busy and excited. I saw the big guy come out of the timber to the right of the action with his head down and the dark mass immediately caught my attention. It doesn’t take long for me to know a “shooter” after 6 days behind great binocs and a spotting scope, maybe a couple of nanoseconds. In fact after I made sure he had both sides of his rack and was a solid 4x4 I pulled my scope up on him to deliver a small chunk of metal going about one mile per second his way. It hit him and he took off before going down slow. He tried to get up and I knew that if he made it over a near ridge he would have tumbled a long way and I knew I better finish his life before he could make me drag him straight up out of a deep canyon. The neck shot was all it took. As I walked up slowly I knew he was worthy and deserving of my thanks. I am glad I passed on so many marginal bucks and there was a reason I missed that first brute. Things in life work out for a reason. Hard work and keeping my eyes open served me well in taking this great deer. In life, you miss 100% of the shots you never take. I’m glad I took the shot. And I’m glad my Dad long ago taught me to hunt and lucky for the love and support of my wife and two sons who, God willing, will someday work those hills with their Dad. May there be plenty of great shots ahead.
Thursday, November 02, 2006
I am neither Democrat nor Republican. Call me an independant conservative. Perhaps you fit in that category yourself. The unsolicited taped phone calls coming in are over-the-top. When will it end?
The Other Indian Outsourcer
Accenture and the Umatilla tribes' bold plan
It's the only board presentation Accenture (ACN ) Managing Director Randall L. Willis has ever made in a trailer, wearing shorts and flip-flops, surrounded by a buffalo hide and photos of Native American chiefs. During a vacation last August, Willis, who is Native American, stopped by the Confederated Tribes of the Umatilla Indian Reservation to visit a family friend and throw out a business idea.
Accenture Ltd. needed low-cost places to fill the growing demand for outsourced work performed in the U.S. The Umatilla tribes, based in northeast Oregon, needed jobs and a way to diversify their gaming- and government-dependent economy. Would the tribes be interested in teaming up? Within minutes, Willis' friend ushered him into a tribal board meeting already in session, led by Chairman Antone Minthorn.
While the pitch to the board was impromptu, the idea wasn't. For the past year, Willis had been researching Native American tribes to find an appropriate partner. And on Oct. 6, Accenture announced a five-year agreement to manage Cayuse Technologies, an outsourcing business owned by the Umatilla tribes that will offer call center, document preparation, and software programming services. While Accenture will not share in Cayuse revenues, it will be paid a nominal management fee -- and have a ready place to turn for low-cost onshore work. Demand, says Willis, is "tremendous" as government agencies require that more outsourced work be done in the U.S. and as private-sector companies seek cheap local options. "Whether it's cost concerns or security, a number of industries would like to keep it in the U.S," he says.
Call them the other Indian outsourcers. While a handful of tribes have set up outsourcing operations, Accenture's efforts mark the first time a major global tech-services firm has joined forces with tribes to create a low-cost domestic alternative. Native American tribes are similar to rural communities in that they have a very low cost of living and, therefore, much lower wages and real estate costs. Gartner Inc. (IT ) Vice-President for Research Frances Karamouzis estimates that rural-based outsourcing work, and by extension, Native American outsourcers, offer at least a 10% to 30% savings on outside work performed in urban U.S. markets.
Working with the tribes may offer additional advantages. Their 17% unemployment rate, says Umatilla Economic Development Director and Cayuse board member Bill Tovey, is not high by Native American standards, but it still offers a population that's both in need of jobs and fairly stable, thanks to the ties the tribes have to the reservation. And because they don't pay corporate income taxes, the tribes can, potentially, charge lower rates. Eventually, they hope to qualify for a Small Business Administration program that confers special status when competing for government contracts. Analysts say subcontracting to the tribes will attract some clients looking to fill requirements to work with minority-owned businesses. "I'm surprised nobody else has looked at this yet," says Forrester Research Inc. (FORR ) government industry analyst Alan E. Webber. "I think it has a high potential to work -- if they can develop the quality [workforce] that's necessary."
COACHES AND TRAINERS
That's the same risk Willis sees in the venture, which will soon begin to train workers and could eventually hire 250 people. Most employees will have had little or no relevant experience, and Accenture's five-year contract puts it in charge of ensuring that the work is up to par. It will place coaches and Accenture managers on site, as well as provide longer training periods (up to nine months for some programming jobs). Whether or not the plan succeeds, Accenture can walk away after its contract is up.
Of course, Willis, who is also co-chair of the National Council of the Smithsonian's National Museum of the American Indian, hopes the venture takes off. Eventually he would like to see a few more Accenture-affiliated tribal outsourcing locations. Plus, Willis feels more than just a professional responsibility to the venture's success. Not only is he an Oglala Lakota, his wife is a member of one of the Umatilla tribes. "The last thing I wanted, from a personal perspective, was to have this thing fail."
By Jena McGregor
Copyright 2000- 2006 by The McGraw-Hill Companies Inc.
Wednesday, November 01, 2006
When these fleas make from $1 to $100 million a year and have the gall to back-date it is time to move on. Who needs chieftains feeding on the owners?