The Fed, $META, & Small Caps Lead Stocks Higher This Week – $AI $ATOS $BRQS $INM $INVO $TSLA Rise!

Happy Saturday!

I hope that you had a pleasant and profitable week wherever the world may have taken you. This week in the Bay Area, we were still smarting a little as our San Francisco 49ers unfortunately lost the NFC Championship, but we remain proud of their season as we gear up to enjoy the Super Bowl between the Kansas Chiefs and the Philadelphia Eagles. I  hope that you all enjoy it as well. Please let me know who you believe will win as we move forward.

As for the broad markets this week, investors, in general, enjoyed another overall positive move during a volatile earnings season despite a selloff on Friday. The macroeconomic schedule was also busy once again this week. On Tuesday, the Q4 Employment Cost Index report which came in at 1%, the November FHFA Housing Price Index report came at -.1%, the November S&P Case-Shiller Home Price Index report at lower at 6.8%, the January Chicago PMI this lower at 44.3, & the December Consumer Confidence was confirmed to be lower at 107.1. On Wednesday, the Fed played ball meeting the market’s expectations by raising interest rates 25 basis points. The weekly MBA Mortgage Applications Index came at -9%, the January ADP Employment Change that clocked in at 106k , & the Final January IHS Markit Manufacturing PMI that came in at 46.9. The December Construction Spending report showed a -.4% decline, while the January ISM Manufacturing Index also dropped to 47.4%. Finally, the December JOLTS or Job Openings rose to 11.012M. On Thursday, the Weekly Initial Claims report came in at 183K & the Weekly Continuing Claims report came in at 1.655M. The Preliminary Q4 Productivity came in at 3%, while the preliminary Q4 Unit Labor Costs report came in at 1.1%. Finally, the December Factory Orders report clocked in at 1.8%. On Friday, the January Nonfarm Payrolls report came in at higher at 517K, while the January Nonfarm Private Payrolls clocked in at 443K. The January Unemployment Rate report comforted it was at 3.4%, while the Hourly Earnings report was up .3% & the January Average Workweek came slightly up to 34.7. The Final January IHS Markit Services PMI report came in at 46.8 & the January ISM Non-Manufacturing Index came in at 55.2%. As a result, the yield curve edged higher this week, with the 2-yr note yield moving up 9 basis points to close at 4.303% & the 10-yr note yield closed flat at 3.52%. The U.S. Dollar Index moved up from last Friday’s close of 101.99 to 102.99. 

At the end of the week, the S&P 500 closed at 4,136.48 (+1.6%) for the week and is now up 7.7% YTD. 8 of the 11 sectors closed in the green including the significant jumps by the communication services sector up 5.3%, the information technology sector up 3.8%, & the consumer discretionary sector up 2.3%. On the red side, the energy sector took largest hit falling 5.9%  as oil prices dropped a whopping 8.1%, while the utilities sector moved down by 1.5% & the the health care sector ticked lower by .1%. The 6.82% weighting of the shares of Apple (AAPL) helped the markets move higher again this week as it closed at $154.50, +5.87% over the last 5-days after reporting their earnings report on Thursday, Apple missed expectations as iPhone sales dropped 8% Y/Y, but Apple’s install base was reported to up to 2B devices & they realized double-digit growth in emerging markets.  The shares of EV giant Tesla (TSLA) also provided significant strength this week as it closed at $189.98, +6.79% over the last 5-days and is now up 54.23% YTD. On Friday, a U.S. jury on Friday found Tesla CEO Elon Musk is not liable in a securities fraud case over a tweet that he had lined up funding to take the electric car company private.

The Dow 30 slipped to close at 33,926.00 (-.2%) and is now up +2.3% YTD.  The Walt Disney Company (DIS) closed at $110.71, up +1.07% over the last 5-days and Nike (NKE) closed at $127.61, rising .06% over the last 5-days, however pharmaceutical giant Merck (MRK) fell 2.32% over the last 5-days after reporting their quarterly earnings that included a cloudy profit outlook as Merck sees a sharp decline in COVID sales in 2023.

The Nasdaq clocked in with another impressive win ending the week at 12,006.90 (+3.3%) for the week and is up 14.7% YTD.  Some strength was derived from Meta Platforms (META, $186.53, +22.93% over the last 5-days), the company formerly known as Facebook, as Zuckerberg and company exceeded the street’s expectations. 

The small caps on the Russell 2000 somewhat stole the show this week as it closed at 1,985.53 (3.9%) for the week & is now up +12.7% YTD. The MicroCaps also had a stellar week as the iShares Micro-Cap ETF (IWC) closed at $121.71 up 3.95% this week & is now up 12.87% YTD.  

Biotech stocks somewhat waffled about this week. On the larger side of things, the Nasdaq Biotechnology ETF (IBB) moved down and closed at $136.59, -.47% and is up 4.04% YTD, the NYSE ARCA Biotech Index (^BTK) closed at 5,599.37, +.13% over the last 5-days and is now up 5.89% YTD, & the SPDR S&P Biotech ETF (XBI) closed at $90.39, up 1.12% over the last 5-days & is now up 8.90% YTD. The 52-week range is is now $61.78-$99.16. The iShares U.S. Healthcare ETF (IYH) closed at $279.08,+.10% over the last 5-days and is now down 1.63% YTD. 

With the overall positive market swing in the broad markets, the CBOE Volatility Index (^VIX) and volatility lovers lost again as it closed at $18.33, down 2.14% over the last 5-days and is now down 15.41% YTD.

FURTHER AFIELD 

Shares of JPMorgan (JPM) closed at $141.09, +.55% over the last 5-days. On Jan. 31. J.P. Morgan Asset Management  announced the appointment of Michael Conrath as Chief Retirement Strategist, commencing February 1. In the role, Michael will define the firm’s retirement research agenda and lead the Retirement Insights team, which serves as the engine for J.P. Morgan Asset Management’s market-leading research, leveraging JPMorgan Chase’s unique access to spending and saving data to improve retirement outcomes for all Americans. Based in New York, Michael will report to Dan Oldroyd, Portfolio Manager and Head of Target Date Strategies, J.P. Morgan Asset Management.

Shares of Microsoft Corp. (MSFT) closed at $2458.35, +4.11% over the last 5-days. Recently, Microsoft raised its investment in OpenAI, ChatGPT’s San Francisco-based developer, and has committed another $10B in ChatGPT, the AI chatbot is reportedly on track to 100M monthly active users (MAUs).

On Jan. 31, C3 AI (NYSE: AI, at $25.88 up 45.64% over the last 5-days), the Enterprise AI application software company, today announced the launch of the C3 Generative AI Product Suite with the release of its first product — C3 Generative AI for Enterprise Search. C3 Generative AI for Enterprise Search provides enterprise users with a transformative user experience using a natural language interface to rapidly locate, retrieve, and present all relevant data across the entire corpus of an enterprise’s information systems. The C3 Generative AI Product Suite integrates the latest AI capabilities from organizations such as Open AI, Google, and academia, and the most advanced models, such as ChatGPT and GPT-3 into C3 AI’s enterprise AI products. The C3 Generative AI Product Suite embeds advanced transformer models with C3 AI’s pre-built AI applications accelerating customers’ ability to leverage these models across their value chains. C3 Generative AI will accelerate transformation efforts across business functions and industries, including supply chain, sustainability, reliability, CRM, ESG, aerospace, oil & gas, utilities, CPG, healthcare, financial services, and defense and intelligence.

Shares of Salesforce, Inc. (CRM) closed at $171.04, +3.96% over the last five days. Salesforce announced on Jan. 31 that Gartner® named MuleSoft a Leader in the Gartner® Magic Quadrant for Integration Platform as a Service, Worldwide (iPaaS) making it the 8th time that MuleSoft has been recognized. Salesforce, currently under the microscope of the activist fund Elliott Capital, on Jan. 27, Salesforce announced, as part of its ongoing board refreshment process, the following appointments to the Company’s Board of Directors, effective March 1, 2023: Arnold Donald, former President and Chief Executive Officer of Carnival Corporation & plc; Sachin Mehra, Chief Financial Officer of Mastercard; and Mason Morfit, Chief Executive Officer and Chief Investment Officer of ValueAct Capital.

Shares of Intel (INTC) rose 7.67% to close at $30.32 over the last 5-days. On Feb. 1, Intel and the University of California, San Diego (UC San Diego) announced that they have been selected to join the Hardening Development Toolchains Against Emergent Execution Engines (HARDEN) program team for the Defense Advanced Research Projects Agency (DARPA). Adversaries have crafted increasingly complex cyberattacks in reaction to decades of platform hardening efforts and increasing IT security measures that reduce vulnerabilities. Attempts to mitigate these threats have fallen short, creating an increased risk of intrusion into current and legacy code.

Shares of NVIDIA (NVDA), a pioneer in accelerated computing, closed at $211.00, +3.61% over the last 5-days. NVIDIA will host a conference call on Wednesday, February 22, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the fourth quarter and fiscal year 2023, which ended January 29, 2023. The call will be webcast live (in listen-only mode) on investor.nvidia.com.

Cathie Wood’s ARK Innovation ETF (ARKK) closed at $42.85, +6.09% over the last 5-days.  

The Technology Select Sector SPDR Fund (XLK) closed at $141.77, +3.71% over the last 5-days. 

Shares of McDonald’s (MCD) closed at $264.23, +1.44% over the last 5-days. On Jan. 31, McDonald’s Corporation announced results for the fourth quarter and year ended December 31, 2022. Global comparable sales increased over 12% for the quarter, with double-digit growth across all segments.  Digital Systemwide sales* in their top six markets were over $7 billion for the quarter, representing more than 35% of their Systemwide sales. Full year comparable sales grew over 10%, and comparable guest counts grew 5%.

GOLD & SILVER

Gold prices closed at $1869/oz., -$53/oz. & silver prices closed at $23.64/oz., -$1.23/oz. for the week.

Hecla Mining (HL) closed at $5.94, -4.81% over the last 5-days after they announced plans to issue a news release reporting its fourth quarter and full-year 2022 operations and financial results before market open on Wednesday, February 15, 2023.

First Majestic (AG) closed at $7.68, -3.52% over the last 5-days. 

MEMES CENTRAL

AMC Entertainment (AMC) closed at $6.08, +10.34% & (APE) closed at $3.01, +56.77% over the last 5-days.   

GameStop (GME) closed at $22.25, -2.50% over the last 5-days as the shorts won overall this week. 

Seanergy Maritime Holdings Corp. (SHIP) closed at $.5796, +1.68% over the last 5-days. On Jan. 20, Seanergy announced an aggregate of $8.8 million of buybacks of its securities consisting of:

(i) $8 million of its outstanding convertible note with 5.5% coupon and a conversion price of $1.20 per share (the “Note”), pursuant to the terms of the Note, and

(ii) $0.8 million in 4,038,114 warrants at $0.2 per warrant, pursuant to the recently completed tender offer. The repurchased securities represent approximately 47% of the outstanding Class E Warrants to purchase an equal number of shares at an exercise price of $0.524 per share.

Moreover, Seanergy’s Chairman & CEO, Stamatis Tsantanis, has since August 2022 purchased 300,000 of the Company’s common shares in the open market.

CRYPTO & BITCOIN

Bitcoin (BTC) closed at $23,433.33, +2.60% over the last 5-days at the time this report was prepared. 

ENERGY

The Energy Select Sector SPDR Fund or ETF (XLE) closed at $85.96, -5.78% over the last 5-days. 

Chevron (CVX) closed at $169.45, -5.57% over the last 5-days. On Jan. 27, Chevron reported earnings of $6.4 billion ($3.33 per share – diluted) for fourth quarter 2022, compared with $5.1 billion ($2.63 per share – diluted) in fourth quarter 2021. Included in the current quarter were $1.1 billion of international upstream write-off and impairment charges, and pension settlement costs of $17 million. Foreign currency effects decreased earnings by $405 million. Adjusted earnings of $7.9 billion ($4.09 per share – diluted) in fourth quarter 2022 compared to adjusted earnings of $4.9 billion ($2.56 per share – diluted) in fourth quarter 2021. Chevron reported full-year 2022 earnings of $35.5 billion ($18.28 per share – diluted), compared with $15.6 billion ($8.14 per share – diluted) in 2021. Adjusted earnings of $36.5 billion ($18.83 per share – diluted) in 2022 compared to adjusted earnings of $15.6 billion ($8.13 per share – diluted) in 2021. For a reconciliation of adjusted earnings, see Attachment 6. Sales and other operating revenues in fourth quarter 2022 were $55 billion, compared to $46 billion in the year-ago period.

Warren Buffet’s pick in the sector, Occidental Petroleum (OXY) closed at $61.24, -7.97% over the last 5-days. Occidental (NYSE:OXY) announced that Claire O’Neill, former Member of Parliament and Minister for Energy and Clean Growth in the UK Government, and a former Managing Director, Climate and Energy of the World Business Council for Sustainable Development (WBCSD), has been elected to its Board of Directors, effective as of January 17, 2023. Occidental will announce its fourth quarter 2022 financial results after close of market on Monday, February 27, 2023, and will hold a conference call to discuss results on Tuesday, February 28, 2023, at 1 p.m. Eastern/12 p.m. Central. The conference call may be accessed by calling 1-866-871-6512 (international callers dial 1-412-317-5417) or via webcast at oxy.com/investors. Participants may pre-register for the conference call at https://dpregister.com/sreg/10173524/f531c7c588.

Oil prices closed on Friday to end at $73.23/bbl and down 8.1% over the last 5-days and is down 8.8% YTD.

NEXT WEEK

The markets will be back up and running for 5 full trading sessions in the stock market again next week.  

VP WATCHLIST UPDATES

Please review a select group of emerging names below and their updates below:

 

 

Shares of ADT Inc. (ADT), the most trusted brand in smart home and small business security, closed at $8.48, -1.40% over the last 5-days, after establishing a new 52-wk high at $10.10 recently. On Jan. 9, ADT announced the appointment of Wayne Thorsen to the newly created role of Executive Vice President and Chief Business Officer, effective immediately. Thorsen will be responsible for leading ADT’s product, innovation and new business development teams. “Wayne is a seasoned executive who brings valuable experience in business development, strategic partnerships and product marketing and development,” said Jim DeVries, ADT President and CEO. “Wayne’s expertise will accelerate our strategy to sustainably grow our business and continue to attract strategic partners by showcasing ADT’s market leadership.”

 

On Oct. 13, ADT, announced that it has issued and sold in a private placement to State Farm 133.3 million shares of ADT common stock for a gross purchase price of $1.2 billion. In September, ADT announced a new partnership with State Farm to revolutionize the homeownership experience through innovation in the detection and mitigation of property losses. In addition to the equity investment, State Farm has committed up to $300 million to fund product and technology innovation, customer growth and marketing activities in connection with the partnership. State Farm has funded the first $100 million and the two companies will collaborate to approve initiatives utilizing the funds.

 

Shares of InMed Pharmaceuticals Inc. (INM), a leader in the research, development and manufacturing of rare cannabinoids, closed at $2.20, +22.22% over the last 5-days.

• On Jan. 10. InMed issued a press release that outlined their key accomplishments from 2022 and provided business update and catalysts for 2023 including the following interesting milestones for 2023: Complete Phase 2 clinical trial enrollment in Epidermolysis Bullosa in 1Q 2023, Progress preclinical research in glaucoma in preparation for human trials, & Advance research using rare cannabinoids in treating neurodegenerative diseases such as Alzheimer’s, Huntington’s and Parkinson’s. Please read our latest PROGRESS REPORT by clicking here.

• On Dec. 16, InMed confirmed that, at its annual general meeting of shareholders held on December 15, 2022 (the “Meeting”), all of the matters put forward before shareholders for consideration and approval as set out in InMed’s notice of meeting and management information circular, dated October 28, 2022, were approved by the shareholders. In particular, shareholders approved the election of all director nominees to hold office until the next annual meeting of shareholders or until their successors are elected or appointed. See results. 

• On Dec. 12, InMed announced the Company has entered into a service contract with Brio Financial Group to provide senior financial leadership and bookkeeping services. Pursuant to the Contract, Mr. Jonathan Tegge, a member of Brio, will assume the role of Interim Chief Financial Officer for the Company effective December 12, 2022. Brio is a financial and management consulting group based in Bridgewater, New Jersey. The firm provides outsourced financial management and financial reporting support to small and middle market entities. Currently, the team provides consulting services to over 50 private and publicly traded companies. Additionally, the Company announces that its auditor, KPMG, has resigned effective as of December 8, 2022, and that the Audit Committee of the Board of Directors of the Company approved the engagement of Marcum LLP  as its auditor, subject to Marcum’s completion of their client acceptance procedures. Marcum will stand for appointment at the Company’s Annual General Meeting, currently scheduled for Thursday, December 15, 2022. KPMG has confirmed that there are no reportable events (as such term is defined in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”)).

• On Nov. 21, InMed announced the closing of its previously announced private placement with two healthcare-focused institutional investors for the issuance and sale of 1,818,185 of its common shares at a purchase price of $3.30 per share (or pre-funded warrant in lieu thereof) priced at-the-market under Nasdaq rules. In addition, the Company has issued to the investors in the offering unregistered preferred investment options (the “investment options”) to purchase up to an aggregate of 3,272,733 common shares. The aggregate gross proceeds to the Company from the private placement were approximately $6 million. The Company intends to use the net proceeds from the offering to continue pipeline development of its pharmaceutical drug candidates, advance manufacturing know-how of cannabinoids and cannabinoid analogs, support intellectual property development and other commercial activities, and for general working capital purposes.

• On Nov. 17, Tribe Public’s Webinar Presentation and Q&A Event was co-hosted by Eric A. Adams, CEO & Eric C. Hsu, PhD, Senior Vice President, Pre-Clinical Research & Development of InMed Pharmaceuticals (NASDAQ: INM. They delivered a presentation titled “Exploring The Neuroprotective Qualities of Rare Cannabinoids”& addressed a Q&A session at the end of the presentation. You may now watch the event video art the Tribe Public YouTube Channel at this link. 

Thanks again for your attention this week. Please continue to share your thoughts, questions, & ideas as we move forward. 

In the meantime, please enjoy the balance of the weekly newsletter’s videos, quotes, updates and let’s find ways to crush it again this year!

Investing & Inspiration

1. “Wisdom is oftentimes nearer when we stoop than when we soar.” – Wordsworth
2. “Take chances, make mistakes. That’s how you grow. Pain nourishes your courage. You have to fail in order to practice being brave.” – Mary Tyler Moore
3. “A single twig breaks, but the bundle of twigs is strong.” – Tecumseh
4. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
5. “There is little that can withstand a man who can conquer himself.” – Louis XIV
6. “The limits of the possible can only be defined by going beyond them into the impossible.” – Arthur C. Clarke
7. “Be faithful in small things because it is in them that your strength lies.” – Mother Teresa
8. “The future rewards those who press on. I don’t have time to feel sorry for myself. I don’t have time to complain. I’m going to press on.” – Barack Obama
9. “By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.” – Confucius
10. “No man was ever wise by chance.” – Lucius Annaeus Seneca
11. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
12. “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare

13. “It does not matter how slowly you go as long as you do not stop.” – Confucius

14. “I want to put a ding in the universe.” – Steve Jobs

15. “Research is creating new knowledge.” – Neil Armstrong

16. “The reward for work well done is the opportunity to do more.” – Jonas Salk
17. “Man is a creative retrospection of nature upon itself.” – Karl Wilhelm Friedrich Schlegel
18. “There’s something about taking a plow and breaking new ground. It gives you energy.” – Ken Kesey

19. “Success seems to be largely a matter of hanging on after others have let go.” – William Feather

20. “The essential conditions of everything you do must be choice, love, passion.” – Nadia Boulanger

21. “More business is lost every year through neglect than through any other cause.” – Rose Kennedy

22. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes

23. “A person who won’t read has no advantage over one who can’t read.” – Mark Twain

24. “The best way out is always through.” – Robert Frost

25. “Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible.” – Francis of Assisi

26. “Without labor nothing prospers.” – Sophocles

27. “Intellectuals solve problems, geniuses prevent them.” – Albert Einstein

28. “This is the precept by which I have lived: Prepare for the worst; expect the best; and take what comes.” – Hannah Arendt

29. “The best and most beautiful things in the world cannot be seen or even touched – they must be felt with the heart.” – Helen Keller

30. “He who is brave is free.” – Lucius Annaeus Seneca

31. “When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk

32. “I choose a block of marble and chop off whatever I don’t need.” – Auguste Rodin

33. “Hope is the only bee that makes honey without flowers.” – Robert Green Ingersoll

34. “He who knows that enough is enough will always have enough.” – Lao Tzu

35. “Plans to protect air and water, wilderness and wildlife are in fact plans to protect man.” – Stewart Udall

36. “In order to carry a positive action we must develop here a positive vision.” – Dalai Lama

37. “A hero is someone who understands the responsibility that comes with his freedom.” – Bob Dylan
38. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
39. “If we give something positive to others, it will return to us. If we give negative, that negativity will be returned.” – Allu Arjun
40. “A good plan violently executed now is better than a perfect plan executed next week.” ~ George S. Patton
41. “You must do the things you think you cannot do.”- Eleanor Roosevelt
42. “Success is dependent on effort.” – Sophocles
43. “Nobody who ever gave his best regretted it.” – George Halas
44. “Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.” ~ Oprah Winfrey
45. “And when I breathed, my breath was lightning.” – Black Elk
46. “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
47. “You are the sum total of everything you’ve ever seen, heard, eaten, smelled, been told, forgot – it’s all there. Everything influences each of us, and because of that I try to make sure that my experiences are positive.” – Maya Angelou
48. “If you want a guarantee, buy a toaster.” – Clint Eastwood
49. “We are an impossibility in an impossible universe.” – Ray Bradbury
50. “If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people.” – Confucius
51. “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
52. “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
53. “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
54. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
55. Surprise is the greatest gift which life can grant us.” –  Boris Pasternak
56. “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran 
57. “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
58. “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
59. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –  Colin Powell
60. “There is more to life than increasing its speed.” – Mahatma Gandhi
61. “Your attitude is like a box of crayons that color your world. Constantly color your picture gray, and your picture will always be bleak. Try adding some bright colors to the picture by including humor, and your picture begins to lighten up.” – Allen Klein
62. “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
63. “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
64. “In matters of truth and justice, there is no difference between large and small problems, for issues concerning the treatment of people are all the same.” – Albert Einstein
65. “Life is too short for long-term grudges.” – Elon Musk
66. “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
67. “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
68. “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
69. “Ours is a world of nuclear giants and ethical infants. We know more about war that we know about peace, more about killing that we know about living.” – Omar N. Bradley
70. “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
71. “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
72. “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
73. “Let there be work, bread, water and salt for all.” – Nelson Mandela
74. “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
75. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
76. “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.” – Albert Einstein
77. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
78. “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
79. “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
80. “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
81. “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
82. “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
83. “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
84. “Delete the negative; accentuate the positive!” – Donna Karan
85. “It’s crazy how fast time flies and how things progress.” – Nathan Chen
86. “The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it.” – Albert Einstein
87. “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
88. “Everything has beauty, but not everyone sees it.” – Confucius
89. “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.” – John C. Maxwell
90. “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
91. “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
92. “The greater danger for most of us lies not in setting our aim too high and falling short; but in setting our aim too low, and achieving our mark.” – Michelangelo
93. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
94. “I like to encourage people to realize that any action is a good action if it’s proactive and there is positive intent behind it.” – Michael J. Fox
95. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
96. “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
97. “Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.” – Andrew Ross Sorkin
98. “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
99. “No matter what you’re going through, there’s a light at the end of the tunnel and it may seem hard to get to it but you can do it and just keep working towards it and you’ll find the positive side of things.” – Demi Lovato
100. “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
101. “Educating our children and giving them the skills they need to compete in a global economy is a smart investment in our country’s future.” – Sheldon Whitehouse
102. “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
103. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
104. “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
105. “The sofa is a really important investment for anybody, and I don’t mean financially. You need to find a really great sofa that can transition with you, and you can build from there.” – Jeremiah Brent
106. “There is no investment you can make which will pay you so well as the effort to scatter sunshine and good cheer through your establishment.” – Orison Swett Marden
107. “Nothing in life is to be feared, it is only to be understood. Now is the time to understand more, so that we may fear less.” – Marie Curie
108. “There is little that can withstand a man who can conquer himself.” – Louis XIV
109. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
110. “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
111. “The advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life.” – Bill Gates
112. “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese 
113. “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
114. “Never do anything against conscience even if the state demands it.”– Albert Einstein
115. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
116. “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
117. “In my view, the biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital. Not only is the mere drop in stock prices not risk, but it is an opportunity. Where else do you look for cheap stocks?” – Li Lu
118. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
119. “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
120. “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
121. “Investing in women’s lives is an investment in sustainable development, in human rights, in future generations – and consequently in our own long-term national interests.” – Liya Kebede
122. “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
123. “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch 
124. “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
125. “The secret of getting ahead is getting started.” – Mark Twain
126. “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe