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.
Monday, March 31, 2008
The man shouts back, "I'm English! Can't you speak English, Indian! Are you completely ignorant, you asshole?!!"
The Indian calls back in ENGLISH .... "Use both hands. You'll get more."
How do I get a video tape of the market ahead of time? Who can I talk to about what it might or might not do? I've found that talking to other market "riders" doesn't make me much money. It seems to be what's under my hat that counts, how I approach my "ride" and the amount of preparation I have invested. And as always, staying sharp, staying in the game and "riding" every day are paramount.
And some times good old fashioned courage comes into play, the guts factor. A good bull rider needs to know when and how to dismount from a bull if he makes the whistle. No one in the arena can help him, it's all up to him. As well using all the available tools for trading is smart and beneficial.
It's the courage and guts parts that can't be bought.
Sunday, March 30, 2008
In todays AJC there was an article about the Georgia Dome and how it withstood the tornado force winds a couple of weeks ago. It seems the "skin" of the Georgia Dome isn't tough enough to withstand gunfire and that 3 separate gunshots have pierced the fabric/skin of the Dome and that all three shots injured spectators at sporting events.
Just three more reasons to stay away from downtown until things are cleaned up or the venues are moved to safer havens, safer being relative because it will probably be at the expense of public tax dollars.
And that's more fiscal suicide.
It's the American who knocks what he's got.
Here's what he's got:
A country of unbounded beauty.
Almost unlimited natural resources.
A judicial system the envy of the world.
Food so plentiful obesity is a major problem.
A press nobody can dominate.
A ballot box nobody can stuff.
Churches of your choice.
One hundred million jobs.
Freedom to go anywhere you want, with planes, cars and highways.
Public schools, plentiful scholarships.
The opportunity to get rich, real rich.
Okay complainer, what's your second choice?
Interesting times for sure.
Who's watching the risk these days? Has anyone done any serious due diligence on these deals?
Anyone else tired of TAXPAYER funds bailing out these Wall Street veterans? This litany of woe just never ends, decade after decade. Seidman and the RTC, Big John and his band of renowned at LTCM and now the Bear Bailout....taxpayer funds to the rescue.
Any idea when the taxpayer will share in the upside?
Friday, March 28, 2008
This from a trained lawyer who has done nothing in the private sector or in public life to warrant leading America.
Higher taxes, here we come!!!! If it wasn't such a marketing job to become President I might think it funny. Let me give you my idea of taxation. It's the redistribution of wealth, taking from those who have from those who have-not.
It means those who worked hard, saved, built, employed and created and who were then "robbed" by the IRS. Where's the line-item veto in 2008?
This debacle is another great lesson for all investors to stay diversified no matter how big or great or fabulous your company's stock is. Jimmy Cayne, Bear's CEO provided a lesson in fooldom. His tournament bridge-playing while the firm tumbled will be fodder for the ages at Harvard Business School. Unfortunately, the financial fortunes of many were impacted by a select few at the top. Lack of risk controls across all areas of the firm were lacking. Wall Street is notorious for poor managment because of the massive compensation at stake. Management often lets trading desks take the firm down and this will happen again and again as it has throughout the last few decades. Call it asinine, call it stupidity just call it what it is.
Human nature and desire for the almight dollar? Call it greed.
Thursday, March 27, 2008
5,200,000,000 Americans are suffering from Alzheimers.
10,000,000,000 baby boomers will suffer from Alzheimers.
In 2007, unpaid care provided by family and friends amounted to 8,400,000 hours.
We welcome Bear Stearns clients to give us a call if you're tired of the stockbroker/saleman pitches.
It might be the smartest call regarding your retirement money you will ever make.
Wednesday, March 26, 2008
The Democratic response to higher oil prices seems to be false promises and futile schemes. Not a clue about satisfying increasing demand and stagnant levels of supply. I guess the caribou in ANWR are safe for another year. And to think that only 10% of the worlds proven reserves are "owned" by oil companies, the rest by national governments.
High on my Wall of Shame sits former Senator Tom Daschle for pushing GWB in the ethanol craze. Ethanol will probably be one of the largest scams in the history of America before it't over.
Tuesday, March 25, 2008
"Whenever anyone tries to get a leg up, people reach their hands — not to help push but to pull them back down."
I knew it well. Such a common defeatist attitude.
Weigh in if you know what I mean.
Obama's preacher. Yuck. Obama. Yuck. Hillary. More yuck.
Politics. Still the Hollywood sound-bite mentality. Not a serious discussion anywhere on what needs to be done to fix criminal immigration, social security or the tax code.
Stock market mavens are beginning to think that the United States Government and the Federal Reserve system are the cure-all to lower stock prices. For some strange reason they believe that because 60 trading days brought the market down a couple thousand points that the worst is over and the market should rise. Even the salesmen at Merrill Lynch today got an earful from their market strategist that the coast is clear to venture back into stocks. It must be near the end of the production month for their commission runs.
Thursday, March 20, 2008
After arriving in Paris he visited with some manufacturers and selected a line that he thought would sell well back home. To celebrate the new acquisition, he decided to visit a small bistro and have a glass of wine As he sat enjoying his wine, he noticed that the small place was quite crowded, and that the other chair at his table was the only vacant seat in the house.
Before long, a very beautiful young Parisian girl came to his table, asked him something in French (which Ole couldn't understand), so he motioned to the vacant chair and invited her to sit down. He tried to speak to her in English, but she did not speak his language so, after a couple of minutes of trying to communicate with h er, he took a napkin and drew a picture of a wine glass and showed it to her. She nodded, so he ordered a glass of wine for her.
After sitting together at the table for a while, he took another napkin, and drew a picture of a plate with food on it, and she nodded. They left the bistro and found a quiet cafe that featured a small group playing romantic music. They ordered dinner, after which he took another napkin and drew a picture of a couple dancing. She nodded, and they got up to dance. They danced until the cafe closed and the band was packing up.
Back at their table, the young lady took a napkin and drew a picture of a four-poster bed. To this day, Ole has no idea how she figured out he was in the furniture business
Tuesday, March 18, 2008
No doubt Bear clients are fleeing faster than Bill Clinton headed for an intern.
Reminds me of the last days of Drexel Burnham Lambert. I was the last guy out the door in the LaJolla office in 1989. I think I still have the office key which I saved for posterity.
Monday, March 17, 2008
Sunday, March 16, 2008
And the S&P 500 is at levels it traded at in 1999 and in 2001.
Like the 10,000 great people at Drexel Burnham Lambert to have been taken down by just a few at the top, this Bear Stearns debacle defies any kind of common sense.
It wasn't the regulators here who stepped in like at Drexel, this was sheer lack of the proper risk control by a firm that prided itself on risk control.
Another 85-year old Wall Street firm bites itself into a distant memory.
Friday, March 14, 2008
Hard to stomach this madness, I'm going to breakfast with the tooth fairy.
Have a great weekend. Do something fun, eat something good, tell those you love that you love them. And if you are looking for some introspection, go to church.
It's only 1 hour.
Wednesday, March 12, 2008
Imagine if the government put a spin on the financial waste, fraud and corruption that endangers America every day. Or paid attention to the billion dollars a day that is spent on lobbying efforts. Imagine, a billion every day being spent to influence legislation and votes for special interests. Fathom that.
Tuesday, March 11, 2008
Monday, March 10, 2008
As Attorney General he did so much to get to the bottom of Wall Street chicanery.
He did what the SEC wouldn't do.
And won't do.
Friday, March 07, 2008
Thursday, March 06, 2008
Our esteemed Fed Chairman coming out in testimony this week saying, "principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure."
This is what he really said. Hey you, Mr. Bigshot Homeowner who leveraged your firstborn to buy a house much bigger than you could ever afford (and probably lied about your financial condition like 70% of mortgage applications out there) and who is driving new vehicles from doing refi's as your home appreciated, just dont' worry about a thing. I am going to ask your banker to REDUCE the amount of money you owe the bank on your mortgage to save his ass (and yours).
No wonder this country is in such a financial pig pen with loons like Ben tossing out life vests to every friendly banker and Congressman.
Who said it was an election year?
Wednesday, March 05, 2008
Tuesday, March 04, 2008
It is just drivel...snot nosed drivel.....and hats off to the honest, hard-working corporate chieftains in the trenches running companies and managing the finest work force in the world, the American work force. They are doing their best to beat back exorbitant tax rates, the despicable AMT and inflationary pressures.
May the Creator bless them.
We have told investors to be very careful before they turned over their life savings and their financial future to a broker whose first job is to keep their job, not grow or preserve their money. It is our goal to help prospective clients make informed decisions and we are available to answer questions and to enhance a comfort level with our professional services. We invite you to contact us.
• What is the experience and credentials of the advisor responsible for my portfolio?
• How often can we review our portfolio? Can we access funds in an emergency?
• What is the total cost? Are fees charged to establish an advisory relationship?
• Are there hidden fees? How are fees paid?
• What is the advisor’s philosophy regarding money management?
• Has there ever been legal action taken against the investment advisor?
• How is the fee structure linked to portfolio performance?
• Am I comfortable with the firms’ investment strategy?
“We bring four things that can lack in big companies; energy, passion, courage, and independent thinking. I don’t golf, don’t go to cocktail parties and don’t belong to any country club. The term “rich” doesn’t mean being savvy or sophisticated when it concerns stocks. It has more to do with weathering the inevitable storms and staying focused.”
“We manage hard-earned money. I find it disturbing that every broker, banker or insurance agent with a pie-chart calls themselves a financial planner. We don’t do taxes, we don’t pitch insurance, and we are not estate planners. Our clients hire full-time accountants and attorneys when they need specific help.”
“One aspect of our success has nothing to do with money. The bottom line shouldn’t be measured just in dollars and cents. We never forget where we came from. We could never tell a prospective client we have a minimum account size. Why would Dean Parisian, raised in the poorest county in America, tell someone they’re too small to get world-class investment help?”
From a seminar in Rancho Santa Fe, CA
“The economic role of a client for a brokerage firm is to enrich the brokers. Brokers are trained to sell investments that generate huge fees and commissions and typically have an agenda other than your financial welfare. The interests of Wall Street and the media are not aligned with those of investors. The NASD makes it very clear; investors should never let their guard down with brokers who have a sales agenda. Do you really want to trust your portfolio and retirement to a broker-salesman?”
“As an arbitrator for the New York Stock Exchange I have censured many stockbrokers and know that investors often confuse a sales pitch with impartial investment advice. Do you think Tiger Woods and Bill Gates use stockbrokers to increase their net worth and protect their assets? Not a chance. The simple answer is they have competent, unbiased investment managers. They hire investment management professionals to manage their assets. So should you.”
From an Atlanta Athletic Club seminar.
“Trading in IPO’s are not part of our methodology. Their problems 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. IPO’s are allocated to clients who pay big commissions. Those responsible for completion of an IPO are the lead underwriters. If 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, the mispricings would end. We don’t play the game by paying big commissions for syndicate allocations of initial public offerings.”
Dean T. Parisian, Chairman, in a letter to the Wall Street Journal
Monday, March 03, 2008
Sunday, March 02, 2008
The NNAYI Program is designed to educate high school students about the various careers in the health professions and biomedical research to explore career in “NNAYI” is a tremendous opportunity for Native high school students interested in pursuing a career in health,” says Margaret Knight, AAIP’s Executive Director. “NNAYI’s curriculum is strategically designed to prepare students for admission to college and professional schools, as well as for careers in health and biomedical research.”
During interactive workshops, students increase their skills in leadership, communication, studying and testing, networking, professional behavior, interactive learning, and time management. AAIP member physicians and health professionals serve as role models for the students and offer insights into their respective health fields, including medicine, pharmacy, dentistry, public and allied health, biomedical research, health policy development, and more. Students also learn about opportunities for mentoring and shadowing with AAIP member physicians.
To accompany the students during the program, NNAYI is currently accepting application for counselors to serve as chaperones and role models. Native American college students in health programs are encouraged to apply. Counselors receive all expenses paid, as well as a stipend at the end of the program.
Application deadline for high school students is April 18, 2008 and for counselor application is March 21, 2008. For more information, contact Lucinda Myers at the Association of American Indian Physicians at (405) 946-7072, or e-mail email@example.com. Applications may be downloaded from the AAIP web site at www.aaip.org/programs/nnayi/nnayi.htm