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.

Sunday, March 10, 2024

Think DISASTER! Think TITANIC!

 


In the markets as in life, remind yourself of your boundaries.  Never think it can't happen to you.   I keep this beautifully framed picture on an office wall, easy to see, obviously to remind me daily.   Don't think it can't happen to you.

There is no reason to be stupid in the markets and kill yourself and your trading equity.   Yes, I experienced some tremendous drawdowns which didn't put me out of business but the worst one came at the absolute worst possible time when my Mother passed away.   It was about 25 years ago this week.

It was bad news on top of bad news on top of bad news.

Never believe it can't happen to you.  

  

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