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!
Friday, June 26, 2009
Thursday, June 25, 2009
Yo, Mr. Ben, you can't have it both ways. You can't stimulate/spend and then cut back overnight on the trillions. Your lies will come back to haunt you when this inflationary spiral gets going. No one gets out of a recession by government spending. It was asswipes like Barney Frank (government employee) and Franklin Raines (quasi-government employee) that allowed the likes of Stan O'Neil of Merrill Lynch fame and Jimmy "asleep at the bridge table as to his firms risk" Cayne of Bear Stearns that helped bring this baby down.
Those fat cats and the countless thousands upon thousands of church-going citizens who inflated loan documents, lied on mortgage applications and pumped up real estate valuations at the bank along with some shady real estate agents and deals.
All in all, yet just another reason to read John Bogle's book, "Enough".
Wednesday, June 24, 2009
Vern, the hand from Wyoming says, 'I must be the strongest, meanest, toughest cowboy there is. Why, just the other day, a bull got loose in the corral. It gored six men before I wrestled it to the ground by the horns with my bare hands and castrated that sucker with my teeth.'
Larry, from Colorado, couldn't stand to be bested. 'That's nothing, I was walking down the trail yesterday and a 10 foot Diamondback rattler slid out from under a rock and made a move for me. I grabbed that bastard with my bare hands, bit off its head, and sucked the poison down in one gulp and didn't even get a belly ache.'
Old grizzled-faced Dean, the cowboy from Montana, remained silent, slowly stirring the campfire coals with his pecker.
Tuesday, June 23, 2009
Because their union contract makes it extremely difficult to fire them, the teachers have been banished by the school system to its "rubber rooms" — off-campus office space where they wait months, even years, for their disciplinary hearings.
The 700 or so teachers can practice yoga, work on their novels, paint portraits of their colleagues — pretty much anything but school work. They have summer vacation just like their classroom colleagues and enjoy weekends and holidays through the school year.
Your health is your responsibility, not the governments, and for sure not mine.
Monday, June 22, 2009
Wednesday, June 17, 2009
The 4 year old nods his head in approval. The 6 year old continues, 'When we go downstairs for breakfast, I'm gonna say something with hell and you say something with ass..'
The 4 year old agrees with enthusiasm. When the mother walks into the kitchen and asks the 6 year old what he wants for breakfast, he replies, 'Aw, hell, Mom, I guess I'll have some Cheerios.'
WHACK! He flies out of his chair, tumbles across the kitchen floor, gets up, and runs upstairs crying his eyes out, with his mother in hot pursuit, slapping his rear with every step. His mom locks him in his room and shouts, 'You can stay there until I let you out!'
She then comes back downstairs, looks at the 4 year old and asks with a stern voice, 'And what do YOU want for breakfast, young man?'
'I don't know', he blubbers, 'but you can bet your fat ass it won't be Cheerios!'
Buck Lynn, a west texas working cowboy was being interviewed on a local radio station about an upcoming ranch rodeo when the radio host asked him what thought about the allegations of torture of suspected terrorists.
His reply prompted a standing ovation from those in the audience with numerous people calling in to agree.
'If hooking up one rag-head terrorist prisoner's testicles to a car battery to get the truth out of the lying little camelshagger will save just one American life, then I have only three things to say,'
"Red is positive, black is negative, and make sure his nuts are wet."
Monday, June 15, 2009
Your stockbroker’s fancy title is not awarded for achieving above average investment results for clients’, it is for charging clients big fees and commissions no matter how well your portfolio performed.
Do you think it’s responsible and prudent to trust your “financial life” in retirement and your portfolio and serious money to a salesman rather than a fiduciary like the investment management firm of Chippewa Partners?
Stockbrokers worry about generating income for themselves, before worrying about your results. If they don’t, they lose their job even if market conditions warrant doing nothing with your portfolio. They still need to churn your assets.
Last time we checked, stockbrokers who call themselves financial planners are usually far more concerned with planning their commissions and fees from your portfolio rather than planning your financial future.
When was the last time your broker made any serious money for you or any money at all? Brokers are not trained to trade stocks, they are trained to gather assets and sell investment products. Few brokers have made themselves serious money in the stock market.
A stockbroker's goals are based on "gross production sales credits" which are the fees and commissions charged to clients and not the performance of their client’s investments.
If your brokers are so successful at investing, why are they still working for a brokerage firm and not independently or better yet, why are they still working to generate commissions instead of working at a money management firm on a performance basis?
An area of investing where huge fees are still “hidden” is in annuities. If your stockbroker wants your assets in annuities you better think again. Remember, studies show that most brokerage firm clients think their broker is “free” because he never sends them a bill.
A financial advisor compensated via commissions is really a salesman with huge conflicts of interest with the client and it is in his best interests to keep his client ignorant.
Let me be very clear on the amount of risk one should incur in owning either high or low quality cars, wives, bonds, guns, boats or stocks.
Risk should be the amount of money you are willing to lose on the trade before you exit the trade. To that end one must only trade in a "liquid" market. As a matter of full disclosure wives are not liquid.
When high quality stocks go down as much as low quality stocks in normal market corrections and when low quality stocks go up faster in the next up-leg of the market who decides what is high and what is low. Isn't high quality what goes up and low quality what doesn't go up or goes down?
Ladies and gentlemen, boys and girls. They all are risky. Control the risk. Decide how much you can stomach to lose on paper before you exit the trade. Simple.
Friday, June 12, 2009
Lard Butt is an apparel and lifestyle company dedicated to below-average athletes, providing 'athletic apparel for the rest of us,' along with an online hub for Lard Butts everywhere to exchange stories, photos, and more. In an era when overpaid professional athletes are making headlines for steroid use, fistfights, and pouting over $5 million-per-year salaries, Lard Butt celebrates those of us who just want to get into the game -- even if we get severely winded getting TO the game! We don't need steroids to have fun; mostly, we just need something to eat!
Thursday, June 11, 2009
A principal has resigned and an assistant principal is under investigation at a DeKalb County school implicated by the state in a possible test cheating probe.
Former Atherton Elementary School Principal James Berry and Assistant Principal Doretha Alexander now face accusations of cheating from system officials.
“Atherton is a great school. It’s got great students. It’s got great teachers,” DeKalb chief deputy superintendent Robert Moseley said in an interview Thursday afternoon.
Moseley said no student and “no teacher has been implicated in this mess. It’s all the principal and assistant principal. Cheating? Yes, and that is an understatement. It’s the students who were cheated by the administrators.”
According to state and local officials, preliminary audit results by the Governor’s Office of Student Achievement reveal that someone at Atherton and three other Georgia schools deliberately changed students’ answers last summer on fifth-grade standardized math retests.
At Atherton, half of the DeKalb school’s fifth-graders failed a yearly state test in the spring. When the 32 students took retests, not only did every one of them pass — 26 scored at the highest level.
Thursday, June 11, 2009
This much is clear. The lack of clarity and "smarts" in the analysis of economic reality shows just how little the guys at the top understand.
Only the lobbyists know. Or those on sabbatical from Goldman Sachs.
Saturday, June 06, 2009
If George W. Bush had given the Queen of England an iPod containing videos of his speeches, would you have approved?
If George W. Bush had bowed to the King of Saudi Arabia, would you have approved?
If George W. Bush had visited Austria and made reference to the non-existent "Austrian language," would you have brushed it off as a minor slip?
If George W. Bush had filled his cabinet and circle of advisers with people who cannot seem to keep current on their income taxes, would you have approved?
If George W. Bush had ordered the firing of the CEO of a major corporation, even though he had no constitutional authority to do so, would you have approved?
If George W. Bush had a Republican Congress allocate 5.6 Billion dollars for a civilian volunteer security force, as strong and well equipped as the regular Army and under his personal authority, would you have been concerned?
If George W. Bush had proposed doubling the national debt, which had taken more than two centuries to accumulate, in one year, would you have approved?
If George W. Bush had then proposed doubling the debt again within 10 years, would you have approved?
If George W. Bush had promised detailed tracking of the spending from a $785 Billion Stimulus Bill and then postponed that oversight until 2010, would you approve or would you think something "smelled fishy"? If Bush had promised 48 hour advance posting of the same bill on the internet and only released it two hours before congressional approval, would you wonder what was being hidden from the public?
If Bush's White House Staff had spent over $300,000 flying Airforce One low over New York (for a publicity photo flyby with the Statue of Liberty) frightening the city, wouldn't you have expected Bush to make the pictures public? Would you have approved? Obama won't give them up, but he will release the secret "torture memos".
If George W. Bush had been "addicted" to using a TelePrompTer, and was afraid to give a speech without having one, would you have approved ? Would you think he was intelligent?
If George W. Bush had pre-approved/pre-picked the list of reporters allowed to ask questions at his press conferences and refused to call on the correspondent from MSNBC (FOX with Obama), would you have approved? Is that a Fair and Balanced news conference?
If George W. Bush and a Republican Congress had given hundreds of millions of dollars to a group (the right-wing equivalent of ACORN) after its members had been convicted of voter registration fraud, would you approve of them to doing the 2010 Census, which will determine congressional districts for 10 years? Will you trust ACORN in 2010?
Would you have approved of George W. Bush moving the Census from the Dept. of Commerce into the White House and putting his Chief of Staff in control of the counting?
He's done all this in 14 weeks -- so we still have three years and eight-and-a-half months full of surprises.
Thursday, June 04, 2009
Wednesday, June 03, 2009
The world is for sale at a price.
I wonder when the media and public will turn against the community activist at 1600 Pennsylvania? The hostile take-over of the auto industry, the banks, healthcare will need to run its course. Giving GM a cool $50 billion of taxpayer dollars prior to a bankruptcy filing smacks with good old fashioned Chicago politics, well, Detroit politics, well UAW politics, well just paying off Obama for all the votes.
Speaking of common sense, I finished William Cohan's "House of Cards" this morning with the birds awakening and a fresh cup of Green Mountain Coffee. A great read and another travesty for 10,000 wonderful people who didn't have a thing to do with the madness, lies and greed. Twenty years ago this coming week the locks were changed and the LaJolla offices of Drexel Burnham Lambert where I worked were slammed shut forever. Common sense is always needed, many fail to see the need up close and personal.
I always ask the workers how and where they came into the U.S. and they usually say in Texas and a couple of days on foot.
They are happy to be here and have a great work ethic. And every one, always, has buckled their seat belt right away.
Monday, June 01, 2009
In another twist of "change" in government Congress and the Senate won't put their personal spending stipends on the internet (in electronic form) for American taxpayers to digest. So much for transparency. The beat goes on.