The massive dilution that firms like Merrill Lynch bring to their long time shareholders reminds me of parasites I see in the natural world.
The host feeding everyone who needs to be fed at the moment to stay alive.
The parasites enjoying the "upside".
Typical Wall Street. And not a customers yacht in sight.
CEO & Partner, Parisian Family Office. Began Wall Street career in 1982. Founded investment firm, Native American Advisors, 1995. White Earth Chippewa, Tribal Member. Raised on reservations. Conservative. NYSE/FINRA arbitrator. 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, TN farm, Pamelot or CASA TULE', their winter camp in Los Cabos, Mexico. Always been, and will always be, an optimist.
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