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.
Sunday, March 16, 2008
At the Speed of Life......
A mere week ago, Bear Stearns was worth 4.1 million. Tomorrow morning the entire firm will be worth $250 million. And the greedy guys who brought this on making hundreds of millions on the way up probably won't lose a dime on the way down. The "smartest guys in the room" who screwed up so much have probably already been fired. More shoes will drop. The lack of risk controls and proper position-sizing was rampant. Another greedy disaster. It just never ends on Wall Street. Too much greed and way too much compensation without proper risk controls in place.
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