April 1, 1982. I took the elevator up to the offices of Kidder, Peabody & Co., Inc. in the Security Pacific Bank building in downtown San Diego and started a career that has come to an end. The Dow Jones Industrial Average opened that morning at 822.77. The S & P 500 Index opened that morning at 111.96.
With my wife retiring after a 38-year career I have made the decision to stop managing outside money. It was not an easy decision. I have always enjoyed helping people. Money was never my biggest motivator. I always wanted to be there when needed, do my best, work hard, pay attention, work smart, be a great student, all the things I guess we all want to do at any job. I have come to the conclusion that the only way to avoid stress at work is to not go to work. Whether buying a ranch or traveling the world it has been always in the back of my mind; will I have the ability to respond to market turbulence for clients in case of a market melt-down?
I have had a great run. I am truly blessed and thankful. Thankful that I was given the trust and responsibility to help people like you and thankful that I had the health to do the job.
Currently I have a half dozen clients in a fight with cancer. It’s not easy and my number may be called any day. God works in strange ways and it is not easy to understand.
My vision is clear. I am thankful to have had so many rooting for me and inspiring me over the years. Life is amazing. I am healthy, and that is the largest component of my net worth. In looking back, I did it my way. I worked hard and have no regrets. I turn 66 this year. It’s tougher to stay physically in good shape. There are some things I want to do and my wife has lists that are getting longer. I know you understand.
I look forward to talking with you soon.
With best wishes always,
Dean Thomas Parisian
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