Parisian Family Office, CEO. Started Wall Street, '82. Drexel Burnham alum. Founded Chippewa Partners, Native American Advisors, '95. Chippewa, raised on reservations. Conservative. NYSE/FINRA arb. Pureblood. Independent insight. Trading in a world on a social media dopamine binge, from GHOST RANCH on the Yellowstone River in MT, TN estate, PAMELOT or CASA TULE', his winter camp in Los Cabos, Mexico. Play by my rules. Always been, will always be, an optimist.

Thursday, September 13, 2012

Phil Purcell, old Morgan Stanley

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.

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