Fed Chair ‘Uncle Jerry’ Remains Hawkish, Stock Market Tanks On Hump Day – $ATOS $CHGG $CVS $FSLR $VIX Rise!

Happy Hump Day!

I hope that you had an amazing day.  As for the stock market, investors and traders rode the wings of a volatile market that glided lower out of the gate until the Fed checked the .75 basis point interest rate bump box at the conclusion of their 2-day FMOC meeting. The market then turned significantly green for a few minutes, however, our good ‘ole friend Fed Chair “Uncle Jerry’ Powell began to speak and revealed his recently ‘hawkish’ or sour views in full bloom and the market moved significantly lower into the close.  Here are seven of his gems or remarks paraphrased or quoted:  1) the pace of monetary tightening matters less now than how high interest rates go and/or for how long they remain there, 2) it is “very premature” to think about pausing hikes, 3) “ongoing increases” are likely needed to return inflation to 2%, 4) “there is more ground to cover”, 5) wages are “moving sideways at an elevated level, but he does not view them as being the key driver of inflation, 6) he would “love to see job vacancies and quits coming down” or rather significant softening in the labor market, & last but not least, 7) “The inflation picture has become more and more challenging over the course of this year. That means we have to have policy more restrictive, and that narrows the path to a soft landing.” Needless to say, with a friend like this, investors don’t need enemies and, simply put, investors did not receive the message that they had anticipated that helped drive the last 2-week +10% recovery and would have possibly extended it.  In turn, the 10-yr note moved up 6 basis points to 4.11% and the 2-yr note moved up by 11 basis points to 4.62%. The US dollar index also closed up .50% at 112.04. Unfortunately, oil prices also jumped 1.6% to close at $89.82, so gas will be headed north once again at the pump this week.

As a result, the markets legged much lower and the smaller you were in general the more so was the case. The S&P 500 closed at 3,759.69 (-2.50%) with all 11 sectors closing in the red, while the consumer discretionary sector took the largest hit falling 3.8%. The Dow 30 closed at 32,147.76 moving lower by 1.55% as Dow component and heavily weighted tech giant Apple (AAPL) pulled back by 3.73% to close at $145.03. The Nasdaq also moved lower closing at 10,524.80 (-3.36%) as EV giant Tesla (TSLA)fell 5.64% to close at $214.98. The small caps on the Russell 2000 also took a hard hit today as it closed at 1,789.14 (-3.36%). The MicroCaps moved lower too as the iShares Micro-cap ETF (IWC) closed at $110.44 down 2.64%.

Biotech stocks also fell on the lower end of the spectrum as the SPDR S&P Biotech ETF (XBI) closed down 1.98% to close at $81.18. The 52-wk range is $61.78 – $134.79. The iShares Biotechnology ETF (IBB) also moved lower to close at $127.58, -1.67%. The 52-range is $104.29 – $164.83. Mergers, acquisition and now larger public offerings and private placements and a recent and decently sized IPO are beginning to paint a brighter picture in ‘biotech land’ as of late, but they could not escape the Fed’s deliberately hawkish path today.  

The iShares U.S. Healthcare ETF (IYH) closed at $271.44, -1.78%. 

A decent measure of the markets volatility or the CBOE Volatility Index (^VIX) closed up .19% & still below the $30 level at $25.86 as it traded within the tight range of $25.39 – $26.62. 

Around the crypto and precious metals’ tree, Bitcoin (BTC) moved lower by 1.37% & still above the 20k level again at $20,197.13 over the last 24-hours at the time of this writing. Gold prices closed at $1,641/oz., -$11/oz. & silver closed at $19.27/oz., -$.41oz. on the day. Two mining producers closed the day as follows: Hecla Mining Company (HL) closed at $4.32, -6.70% and First Majestic Silver Corp. (AG) closed at $8.05, -7.36%. On Nov. 1, First Majestic Silver Corp. announced positive drilling results from its ongoing exploration program at the Jerritt Canyon Gold Mine located in Elko County, Nevada. The 2022 drilling campaign at Jerritt Canyon consists of short-term focused underground core drilling testing extensions of known ore controls near active mining; mid-term focused drilling planned to validate/test the presence of mineralized volumes near historic workings; and long-term focused drilling aiming to make new gold discoveries in the district.

Note that Cigna (CI), ConocoPhillips (COP), Crocs (CROX), Peloton (PTON), Marriott (MAR), Kellogg (K), Moderna (MRNA), Royal Caribbean (RCL), Shake Shack (SHAK), & Wayfair (W) are a few of the companies that will report their quarterly results before the market’s open tomorrow, Thursday. 

 

 

On Aug. 25th, Atossa’s CEO, Dr. Steven Quay, M.D., Ph.D., and Kyle Guse, GC & CFO presented at Tribe Public’s Webinar Presentation and Q&A Event. During this complimentary event, Atossa management spoke of new opportunities for its inhalation therapy, AT-H201, to potentially treat lung injury caused by cancer treatment and were available for a Q&A session focused on Atossa’s research programs and future development. To watch the event video titled “The Important Role For Inhalation Therapy In Oncology” please visit the Tribe Public YouTube Channel. 

Borqs Technologies, Inc. (BRQS, $.6990, -10.22%), a global provider of 5G wireless solutions, Internet of Things (IoT) solutions, and innovative clean energy, recently provided the following updates on the Company.

• On Oct. 21, Borqs announced its financial results for the six months ended June 30, 2022 and highlighted that Revenues for the first half 2022 reached $30.1 million, 141% Year-Over-Year (YOY) growth, their Revenue forecast for 2022 is now $50-55 million or YOY growth of over 69%, & their backlog currently stands at $50 million for Holu Hou Energy, LLC (HHE), a majority-owned solar & energy storage system subsidiary.

• On October 12, Borqs announced that the Company has forayed into two/three-wheelers automotive space by developing the Telematics Control Unit (TCU) and has successfully demonstrated the newly developed TCU in India Mobile Congress held in New Delhi from October 1 to 4. The newly developed TCU is installed on a two-wheeler and connected to the internet via the cellular network. Indian electric vehicle market was valued at USD 1,434.04 billion in 2021, and it is expected to reach USD 15,397.19 billion by 2027. India’s automotive sector is dominated by two-wheelers (scooters, motorbikes) and three-wheelers (autos and rickshaws) that play a significant role in last-mile mobility in the country. The total sales of electric two-wheelers, including high-speed and low-speed, in the 12-month period (January-December) in 2021 increased by 132% over the corresponding year 2020.

• On Sept 20, Borqs announced its solar energy storage subsidiary, Holu Hou Energy LLC (HHE), a company that offers state-of-the-art renewable energy and energy storage systems to the Single-Family Residential, Multi-Dwelling Unit Residential and Commercial building markets, has signed a power purchase agreement (PPA) with Kapolei Diversified Properties, LLC to deliver energy to Luhauola, a new mixed-use development in Kapolei, on the island of Oahu, Hawaii. The property includes 10,000 square feet of commercial space, plus outdoor dining for local food establishments. The residential portion of the property includes 29 workforce housing rental apartments. U.S. Energy Information Administration data shows oil generated about two-thirds of Hawaii’s electricity in 2021. That makes Hawaii the most petroleum-dependent state.

• HHE is a premier provider of an energy storage system that is engineered to provide a new level of resilience to homeowner, multi-dwelling units and businesses, giving energy security in uncertain and unstable times. The Holu system is completely integrated, meaning engineered and tested from the start, at the system level. Other suppliers piece together components made by multiple vendors in unknown factories with unknown work conditions, causing the customer to have questionable reliability, safety and performance when all the disparate pieces are put together. Our energy storage system is certified and warrantied as an integrated product, including our breakthrough “modular energy controller”, so you get resilience, safety and performance you can count on day in and day out, and you get “cloud-based” upgrades and performance enhancements based upon the rate structures you reside in. Holu Hou Energy will construct the Solar + Energy Storage system utilizing its market leading HoluPower Residential Energy Storage System, combined with the Residential and Commercial scale solar generation. The contract is valued at several million dollars and includes 200KW of PV and 500KWh of energy storage. The system will be placed into service in 2023.

Brad Hansen, CEO of Holu Hou Energy

“Our products and services are improving the lives of customers every day by delivering cheaper, cleaner and more reliable electricity, including to those living in Multi-Dwelling Unit residential housing,” stated Brad Hansen, CEO of Holu Hou Energy. “We look forward to building on our Hawaii leadership position and bringing this same energy independence to markets like California in the near future. The cost of utility electricity in Hawaii has risen by about 60% over the last 18-months, with residential rates being at a historical high of around $0.50/kWh. Reliance on fuel oil for a significant part of Hawaii’s power generation means that these unprecedented rates are not likely to abate soon. HHE brings the most safe and productive solar and energy storage solutions to customers, including to those in income brackets not historically able to have their energy needs met by renewables.”

• U.S. Energy Information Administration data shows oil generated about two-thirds of Hawaii’s electricity in 2021. That makes Hawaii the most petroleum-dependent state.

• On July 15, Borqs Technologies announced that its majority owned solar energy storage systems subsidiary, Holu Hou Energy LLC (“HHE”), has signed agreement with Honokea Villages to deliver a major renewable energy generation and storage system to Honokea’s planned ecological sports training and Hawaiian Cultural facility in their “ahupua’a”, or local community. The development will have Olympic calibre training facilities for surfing, sport climbing, kayaking, beach volleyball, and more, and will serve as tool to celebrate athletics in Hawaii. The renewable energy system will feature over 3 MW of PV generation and over 4 MWh of energy storage, enough to power 100% of the operations of the facility, and will be financed under a 20-year power purchase agreement, or PPA. The system provided by HHE will begin construction in 2023 and its value is estimated at nearly $20M. This project is included in the $49.8 million of Q2 2022 signed contracts announced earlier this month. Honokea Villages was co-founded by Brian Keaulana in 2011 to address the need for Hawaiian Surf Culture to be incorporated into, what was at the time, the fledgling surf park industry. Now 11 years later there are 100+ surf parks being planned around the world with names like Kelly Slater and in places as foreign as Switzerland. “Honokea aims to ensure Hawaiian Culture is incorporated into every aspect of the planning of the family destination: excellence in sports, sustainability, arts and culture. It’s a place for the whole family that’s truly designed to benefit our community in as many ways as possible especially on our side of the island,” says Keaulana.

Economic Reports

On Monday, the October Chicago PMI clocked in lower at 45.

On Tuesday, the U.S. macroeconomic schedule produced the October ISM Manufacturing Index report that confirmed a fall to 50.2% further signaling a slowdown and closing just above the expansion line. However, the total construction spending report showed a .2% M/M rise in September & the total private construction report also showed .4% M/M rise, but total public construction spending moved lower by .4%. Interestingly, the total construction spending report also confirmed that it was up 10.9% Y/Y. Lastly, the JOLTS Job openings report came in higher and totaled 10.717M in September. 

Investing & Inspiration

1. “It’s not what you pay a man, but what he costs you that counts.” – Will Rogers
2. “Halloween is not only about putting on a costume, but it’s about finding the imagination and costume within ourselves.” – Elvis Duran
3. “Everything in the world may be endured except continual prosperity.” – Johann Wolfgang von Goethe
4. “Where is all the knowledge we lost with information?” – T. S. Eliot
5. “All I ask is the chance to prove that money can’t make me happy.” – Spike Milligan
6. “Out of difficulties grow miracles.” – Jean de la Bruyere
7. “Nine-tenths of wisdom is being wise in time.” – Theodore Roosevelt
8. “Time is money.” – Benjamin Franklin
9. “I can, therefore I am.” – Simone Weil
10. “Where there is no vision, there is no hope.” – George Washington Carver
11. “Greatness is a road leading towards the unknown.” – Charles de Gaulle
12. “Kind words do not cost much. Yet they accomplish much.” – Blaise Pascal
13. “The world is round so that friendship may encircle it.” – Pierre Teilhard de Chardin
14. “Our deeds determine us, as much as we determine our deeds.” – George Eliot
15. “The greatest use of a life is to spend it on something that will outlast it.” – William James
16. Happiness is not something ready made. It comes from your own actions.” – Dalai Lama

17. “If opportunity doesn’t knock, build a door.” – Milton Berle

18. “I would define, in brief, the poetry of words as the rhythmical creation of Beauty.” – Edgar Allan Poe
19. “There are people who have money and people who are rich.” – Coco Chanel
20. “The young man knows the rules, but the old man knows the exceptions.” – Oliver Wendell Holmes, Sr.
21. “The past always looks better than it was. It’s only pleasant because it isn’t here.” – Finley Peter Dunne
    “With the new day comes new strength and new thoughts.” – Eleanor Roosevelt
    “Give me the luxuries of life and I will willingly do without the necessities.” – Frank Lloyd Wright
    “To begin, begin.” – William Wordsworth
    “You can find peace amidst the storms that threaten you.” – Joseph B. Wirthlin
    “Nobody made a greater mistake than he who did nothing because he could do only a little.” – Edmund Burke
    “Whenever you find yourself on the side of the majority, it is time to pause and reflect.” – Mark Twain
    “Adapt or perish, now as ever, is nature’s inexorable imperative.” – H. G. Wells
    “Won’t be long before we view gasoline cars the same way we view steam engines today.” – Elon Musk
    “The aim of life is to live, and to live means to be aware, joyously, drunkenly, serenely, divinely aware.” – Henry Miller
    “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare“Opportunity is missed by most people because it is dressed in overalls and looks like work.” – Thomas A. Edison“Experience is one thing you can’t get for nothing.” – Oscar Wilde
    “Any sufficiently advanced technology is indistinguishable from magic.” – Arthur C. Clarke
    “Good questions outrank easy answers.” – Paul Samuelson
    “Thinking: the talking of the soul with itself.” – Plato
    “I don’t think of all the misery but of the beauty that still remains.” – Anne Frank
    “All money is a matter of belief.” – Adam Smith
    “People are not disturbed by things, but by the view they take of them.” – Epictetus
    “Uncertainty is seen to retard investment independently of considerations of risk or expected return.” – Ben Bernanke
    “I never called my work an ‘art’. It’s part of show business, the business of building entertainment.” – Walt Disney
    “Hitch your wagon to a star.” – Ralph Waldo Emerson
    “The greatest remedy for anger is delay.” – Lucius Annaeus Seneca
    “Great minds discuss ideas; average minds discuss events; small minds discuss people.” – Eleanor Roosevelt
    “Act as if what you do makes a difference. It does.” – William James
    “Success – keeping your mind awake and your desire asleep.” – Walter Scott
    “If I had to live my life again, I’d make the same mistakes, only sooner.” – Tallulah Bankhead
    “When one must, one can.” – Charlotte Whitton
    “Wealth consists not in having great possessions, but in having few wants.” – Epictetus
    “If we open a quarrel between past and present, we shall find that we have lost the future.” – Winston Churchill
    “Hope is patience with the lamp lit.” – Tertullian
    “A single sunbeam is enough to drive away many shadows.” – Francis of Assisi
    “With the past, I have nothing to do; nor with the future. I live now.” – Ralph Waldo Emerson
    “Laziness may appear attractive, but work gives satisfaction.” – Anne Frank
    “I never think of the future – it comes soon enough.” – Albert Einstein
    Hope is but the dream of those who wake.” – Matthew Prior
    “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul
    “Real knowledge is to know the extent of one’s ignorance.” – Confucius
    “Better keep yourself clean and bright; you are the window through which you must see the world.” – George Bernard Shaw
    “Nothing great in the world has ever been accomplished without passion.” – Georg Wilhelm Friedrich Hegel
    “History is a vast early warning system.” – Norman Cousins
    “We first make our habits, and then our habits make us.” – John Dryden
    “The traveler sees what he sees, the tourist sees what he has come to see.” – Gilbert K. Chesterton
    “Adventure is worthwhile.” – Aesop
    “We must build dikes of courage to hold back the flood of fear.” – Martin Luther King, Jr.
    “The return we reap from generous actions is not always evident.” – Francesco Guicciardini
    “Courage is knowing what not to fear.” – Plato
    “Science may never come up with a better office communication system than the coffee break.” – Earl Wilson
    “Progress was all right. Only it went on too long.” – James Thurber
    “If you would know strength and patience, welcome the company of trees.” – Hal Borland
    “We aim above the mark to hit the mark.” – Ralph Waldo Emerson
    “Hope is being able to see that there is light despite all of the darkness.” – Desmond Tutu
    “Our chief want is someone who will inspire us to be what we know we could be.” – Ralph Waldo Emerson
    “Patience is a virtue, and I’m learning patience. It’s a tough lesson.” – Elon Musk
    “Great things are done when men and mountains meet.” – William Blake
    “The man who has no imagination has no wings.” – Muhammad Ali
    “Formula for success: rise early, work hard, strike oil.” – J. Paul Getty
    “Action is the foundational key to all success.” – Pablo Picasso
    “Hope is like the sun, which, as we journey toward it, casts the shadow of our burden behind us.” – Samuel Smiles
    “The backbone of surprise is fusing speed with secrecy.” – Carl von Clausewitz
    “There are no shortcuts in evolution.” – Louis D. Brandeis
    “I am fascinated by what is beautiful, strong, healthy, what is living. I seek harmony.” – Leni Riefenstahl
    “If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.” – Henry David Thoreau
    “Waste no more time arguing about what a good man should be. Be one.” – Marcus Aurelius
    “It is during our darkest moments that we must focus to see the light.” – Aristotle Onassis
    “Courage is fear holding on a minute longer.” – George S. Patton
    “You must be the change you wish to see in the world.” – Mahatma Gandhi
    “Don’t judge each day by the harvest you reap but by the seeds that you plant.” – Robert Louis Stevenson
    “It is in the character of very few men to honor without envy a friend who has prospered.” – Aeschylus
    “Life is a series of natural and spontaneous changes. Don’t resist them – that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like.” – Lao Tzu
    “The more you praise and celebrate your life, the more there is in life to celebrate.” – Oprah Winfrey
    “Anything simple always interests me.” – David Hockney
    “He who angers you conquers you.” – Elizabeth Kenny
    “Concision in style, precision in thought, decision in life.” – Victor Hugo
    “The secret of genius is to carry the spirit of the child into old age, which means never losing your enthusiasm.” – Aldous Huxley
    “View health as an investment, not an expense.” – John Quelch
    “The most effective way to do it, is to do it.” – Amelia Earhart
    “Man needs his difficulties because they are necessary to enjoy success.” – A. P. J. Abdul Kalam
    “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha
    “Nobody made a greater mistake than he who did nothing because he could do only a little.” – Edmund Burke
    “You must do the things you think you cannot do.”- Eleanor Roosevelt
    “Success is dependent on effort.” – Sophocles
    “Nobody who ever gave his best regretted it.” – George Halas
    “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
    “And when I breathed, my breath was lightning.” – Black Elk
    “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
    “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
    “If you want a guarantee, buy a toaster.” – Clint Eastwood
    “We are an impossibility in an impossible universe.” – Ray Bradbury
    “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
    “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
    “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
    “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
    “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
    Surprise is the greatest gift which life can grant us.” – Boris Pasternak
    “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran
    “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
    “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
    “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” – Colin Powell
    “There is more to life than increasing its speed.” – Mahatma Gandhi
    “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
    “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
    “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
    “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
    “Life is too short for long-term grudges.” – Elon Musk
    “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
    “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
    “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
    “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
    “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
    “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
    “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
    “Let there be work, bread, water and salt for all.” – Nelson Mandela
    “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
    “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
    “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
    “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
    “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
    “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
    “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
    “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
    “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
    “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
    “Delete the negative; accentuate the positive!” – Donna Karan
    “It’s crazy how fast time flies and how things progress.” – Nathan Chen
    “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
    “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
    “Everything has beauty, but not everyone sees it.” – Confucius
    “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
    “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
    “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
    “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
    “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
    “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
    “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
    “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
    “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
    “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
    “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
    “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
    “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
    “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
    “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
    “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
    “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
    “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
    “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
    “There is little that can withstand a man who can conquer himself.” – Louis XIV
    “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
    “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
    “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
    “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese
    “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
    “Never do anything against conscience even if the state demands it.”– Albert Einstein
    “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
    “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
    “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
    “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
    “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
    “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
    “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
    “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
    “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch
    “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
    “The secret of getting ahead is getting started.” – Mark Twain
    “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe