Manages Parisian Family Office. Began Wall Street, 82. Founded investment firm, 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.

Friday, May 04, 2007

beware Wall Street advertising.........

Today in the Wall Street Journal was a nice article on how the brokers at UBS, formerly what I called the HOUSE OF PAIN, (Paine Webber) blew up a hedge fund that they ran in-house.

It might wind up costing them around $300,000,000. In the adjoining UBS ad they tell readers what a great job they do in investment management. I guess risk control doesn't start at home. It must start with the clients. Beware the brokers folks. They want to separate you from your money as painlessly as possible and without you knowing it. Just ask any broker who just left the business. Or anyone steered into an annuity at a bank.

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