Talking with the zombies on CNBC this morning he mentioned that half of a trillion dollars came out of Morgan Stanley retail accounts and went into fixed income over the last year or two.
Think of that. Long term, the survival rate for anyone in fixed income assets will be near zero.
Retired CEO of CHIPPEWA PARTNERS, Native American Advisors, Inc., now managing the Parisian Family Office. A White Earth Chippewa, raised conservative, he began a Wall Street career in 1982, met game changer William O'Neil in 1984. Always been, will always be, an optimist. In a world on a dopamine, hypomanic binge, this is his take on life well lived at Ghost Ranch in MT or Pamelot, their TN farm.
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