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, Dean trades from Ghost Ranch, on the Yellowstone River in MT, TN farm, Pamelot or CASA TULE', his winter camp in Los Cabos, Mexico. Always been, will always be, an optimist. Chase your dreams!
Monday, October 15, 2007
Here's why. The following comments have been made by Victor over the years Read them and see the irony of those words being said by such genius and yet such a gun-slinger in the markets.
"When trading, survival is key. Chance plays a large part in the outcome of every game, and you must leave a large enough margin so that the normal fluctuation in conditions don't do you in."
"Losing should be a lesson. Everyone loses and all great competitors use their losses to improve their games. When you lose, consider it a normal part of the competitive arena and strive to bounce back through attention to detail, hard work, and practice."
"There are so many ways to lose, but so few ways to win. Perhaps the best way to achieve victory is to master all the rules for disaster, and then concentrate on avoiding them.”
Now read this article.
The first rule at Chippewa Partners and to every money manager worth his fees who is a fiduciary as we are, is to do no harm to any client under any circumstance.
The second rule is to never forget the first rule.
Victor, I am almost certain, may have never understood the first rule.
Never, ever forget, the market is a living, breathing beast that can quickly devour the Victor's of the world.
When you argue with her you lose.