Large Caps Drift As Russell Turns Positive On Last Trading Day of August – $ATOS $FATE $INMB $INVO $NBSE $XBI Higher

Happy Tuesday!

I hope that you all had a wonderful day & that your investment accounts grew in value. We closed out the last trading day of August with what seemed to be a bit of balancing act as portfolio managers shuffled their positions leaving the large cap market indices overall slightly down to flat for the day. The large caps ended as follows: the S&P 500 closed at 4,522.68 (-.13%), the Dow 30 closed at 35,360.73 (-.11%), & the Nasdaq closed at 15,259.24 (-.04%). Seven of the 11 sectors closed in red led again by the energy sector, which dropped .7% & the largely weighted information technology sector that closed off .6%. The real estate moved up .6% to lead all sectors. On the other hand, the small caps on the Russell 2000 managed to swing to the positive today to close at 2,273.77 (+.34%) after pulling back during the last two trading sessions. The MicroCaps also strongly recovered as the iShares Micro-Cap ETF (IWC) closed at $148.86, (+.74%).  

The macroeconomic schedule was busy today and delivered the Conference Board’s Consumer Confidence Index report that confirmed a drop to 113.8 in August. The Chicago PMI report for August showed a drop to 66.8. The S&P Case-Shiller Home Price Index report confirmed rise to 19.1% Y/Y in June. The FHFA Housing Price Index report showed a rise by 1.6% M/M in June. Tomorrow’s schedule will produce the the ISM Manufacturing Index report for August, the ADP Employment Change report for August, the Construction Spending report for July, & the weekly MBA Mortgage Applications Index report.

The yield curve widened slightly today, as the 10-yr treasury yield rose 1 basis point closing at 1.30%, while the 2-yr yield stayed pat to close at .20%. The U.S. Dollar Index edged slightly higher at 92.66.

Gold prices moved higher by $4 to close at $1,816 and silver closed at $23.93, -$.12.

Oil prices closed lower at $68.44/bbl down 1.1% heading into tomorrow’s OPEC+ meeting and as Hurricane Ida’s shutdown worries subsided as the storm was downgraded. 

BIOTECH DECIDEDLY POSITIVE

The SPDR S&P Biotech ETF (XBI) closed at $133.84, +.92% as a number of small biotech companies caught a bid today i.e. Regulus Therapeutics (RGLS, $.7754, +2.55%), GeoVax labs, Inc, (GOVX, $6.09, +7.98%) & EyePoint Pharmaceuticals (EYPT, $10.94, +7.98%). The iShares Nasdaq Biotechnology ETF (IBB) closed at $172.28, +.10% & the NYSE ARCA Biotech Index (^BTK) closed at 5,944.55, +.25%.

NeuBase Therapeutics, Inc. (Nasdaq: NBSE), a biotechnology platform company ‘Drugging the Genome™’ to address disease at the base level using a new class of precision genetic medicines, closed trading at $3.99, +8.72% after reaching $4,024. The 52-week range is $3.26 – $12.89. On August 23rd, Oppenheimer or OPCO issued a research report titled “NBSE (OUTPERFORM) – 3Q21 Review: Resetting for Focused Execution.” They stated their thesis as follows:  “We rate NeuBase Therapeutics with an Outperform rating and a $17 price target. We believe that NBSE has solved for many technical limitations to first-generation antisense oligonucleotides (ASOs). Since the preclinical and clinical development of ASOs in various diseases like HD and ALS is well-established and their risks/benefits are also well-known, we believe that NBSE’s ability to speed its lead molecules NT0200 (myotonic dystrophy DM1 and NT0100 (Huntington’s disease HD) through preclinical drug development over the next 12–24 months will be value-creating events for investors. We are bullish on the approach. NBSE did a reverse-merger in early 2019.”

TECH MIXED – ZOOM DOWN

Apple (AAPL) closed at $151.83, -.84%. A Bloomberg article highlighted Apple’s move to incorporate satellite capabilities into the iPhone  focused on emergency situations, which would allow owners to send texts to first responders plus report crashes in areas without cellular coverage. Amazon (AMZN) closed at $3,470.79 +1.44%, Microsoft (MSFT) closed at $301.88, -.56% & Tesla (TSLA) closed at $735.72, +.66%.

On the sharply negative side today,  Zoom Video (ZM), the darling tech company that blasted off during COVID,  closed at $289.50, off 16.7% after reporting their earnings and providing mixed guidance post the close yesterday. They confirmed second quarter total revenue of $1,021.5 million, up 54% year over year, their number of customers contributing more than $100,000 in TTM revenue was up 131% year over year, & their Second quarter GAAP operating margin of 28.8% and non-GAAP operating margin of 41.6%. Zoom founder and CEO, Eric S. Yuan stated, “In Q2, we achieved our first billion dollar revenue quarter while delivering strong profitability and cash flow. Q2 also marked several milestones on our expansion beyond the UC platform. We launched Zoom Apps, bringing over 50 apps directly into the Zoom experience, and Zoom Events, an all-in-one digital events service. Today we are a global brand counting over half a million customers with more than 10 employees, which we believe positions us extremely well to support organizations and individuals as they look to reimagine work, communications, and collaboration.”

MEMES WATCH

AMC Entertainment (AMC) closed at $47.13, +8.77% & GameStop (GME) also closed at $218.24, +4.32%.

Virgin Galactic Holdings (SPCE) finally had another great day closing at $27.11, +8.96% as a plethora of positive stories floated around highlighting the space-tourism markets. 

Shares of infamous ‘meme brokerage’ firm Robinhood Markets, Inc., (HOOD) closed at $44.32, +1.56%. A controversial practice that has brought in billions of dollars to brokers and high-frequency trading firms is in the crosshairs of the Securities and Exchange Commission, and could be eliminated entirely is clouding the thoughts f investors surrounding this brokerage and really all. In an interview with Barron’s on Monday, SEC Chairman Gary Gensler said that a full ban of payment for order flow is “on the table.” Payment for order flow is a practice where brokers send trade orders to market makers that execute those trades in return for a portion of the profits.  Gensler says the practice has “an inherent conflict of interest.” Market makers make a small spread on each trade, but that’s not all they get, he said.

Shares of Seanergy Maritime Holdings Corp. (SHIP) closed at $1.25, off 3.1%.  SHIP, the only pure-play Capesize ship-owner publicly listed in the US, recently announced that its Board of Directors has authorized a share repurchase plan. Under the Plan, the Company may repurchase up to $17 million of its outstanding common shares, representing approximately 10% of the Company’s market capitalization as of August 10, 2021. 

Economic Reports

• On Monday, the macroeconomic schedule delivered  the Pending Home Sales report that confirmed a drop by 1.8% month/month in July. 
• On Tuesday,  the Conference Board’s Consumer Confidence Index report confirmed a drop to 113.8 in August. The Chicago PMI report for August showed a drop to 66.8. The S&P Case-Shiller Home Price Index report confirmed rise to 19.1% Y/Y in June. The FHFA Housing Price Index report showed a rise by 1.6% M/M in June.

Investing & Inspiration

1. “Companies have too many experts who block innovation. True innovation really comes from perpendicular thinking.” – Peter Diamandis
2. “By failing to prepare, you are preparing to fail.” – Benjamin Franklin
3. “We cannot solve our problems with the same thinking we used when we created them.” – Albert Einstein
4. “When you’re an investor, you can look at the quantitative and qualitative elements of an investment, but there’s a third aspect: What you feel in your gut.” – Kevin O’Leary
5. “Set your course by the stars, not by the lights of every passing ship.” – Omar N. Bradley
6. “Do not take life too seriously. You will never get out of it alive.” – Elbert Hubbard
7. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey 
8. “Every good painter paints what he is.” – Jackson Pollock
9. “If you believe in yourself and have dedication and pride – and never quit, you’ll be a winner. The price of victory is high but so are the rewards.” – Bear Bryant
10. “Your mindset matters. It affects everything – from the business and investment decisions you make, to the way you raise your children, to your stress levels and overall well-being.” – Peter Diamandis
11. “You cannot have a positive life and a negative mind.” – Joyce Meyer 
12. “Like wildebeest and zebra migration across the Serengeti, investment managers and consultants, too, have a habit of running together and, every now and then, changing direction.” – Sanjaya Baru
13. “If people are anything but enthusiastic about the information or ideas that they’re sharing, they’re either not that invested in what they’re doing – or they’re not communicating that investment effectively.” – Ana Kasparian 
14. “Life consists not in holding good cards but in playing those you hold well.” – Josh Billings 
15. “Friend, there’s no greater investment in life than in being a people builder. Relationships are more important than our accomplishments.” – Joel Osteen
16. “It’s only natural that the heavy users help contribute to the investment to keep the Web healthy. That is the most important concept of net neutrality.” – Lowell McAdam
17. “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul 

18. “Eliminate emotion from your investment program.” -John C. Bogle

19. “Modern medical advances have helped millions of people live longer, healthier lives. We owe these improvements to decades of investment in medical research.” – Ike Skelton
20. “In every investment, before I get involved or invest, I always see what the mindset of the founder, the CEO, is.” – Zaza Pachulia
21. “An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can’t easily recognize that they are the same.” – Daniel Kahneman
22. “The return on investment in global health is tremendous, and the biggest bang for the buck comes from vaccines. Vaccines are among the most successful and cost-effective health investments in history.” – Seth Berkley
23. “Few things in the world are more powerful than a positive push. A smile. A world of optimism and hope. A ‘you can do it’ when things are tough.” – Richard M. DeVos
24. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson
25. “We all have dreams. But in order to make dreams come into reality, it takes an awful lot of determination, dedication, self-discipline, and effort.”  – Jesse Owens
26. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward- American Writer, Born 1921
27. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
28. “The secret of your future is hidden in your daily routine.” – Mike Murdock
29.  “If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.” – Leah LaBelle
30. “Opportunity is missed by most people because it is dressed in overalls and looks like work”. -Thomas A. Edison
31. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey

32. “Human behavior flows from three main sources: desire, emotion, and knowledge.” – Plato

33. “We are what our thoughts have made us; so take care about what you think. Words are secondary. Thoughts live; they travel far.” – Swami Vivekananda
34. “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

35. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll

36. “Don’t worry about being a star, worry about doing good work, and all that will come to you.” – Ice Cube

37. “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare

38. “Prediction is very difficult, especially if it’s about the future.” – Niels Bohr (Danish Physicist)

39. “It is indeed true that the stock market can forecast the business cycle.” -Paul Samuelson

40. “The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don’t, so we buy. Then people start selling, panic sets in, and we sell too.” – Jonathan Sacks

41. “What lies behind you and what lies in front of you, pales in comparison to what lies inside of you.” – Ralph Waldo Emerson
42. “Each new generation born is in effect an invasion of civilization by little barbarians, who must be civilized before it is too late.” – Thomas Sowell
43. “Life is 10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
44. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem

45. “View health as an investment, not an expense.” – John Quelch

46. “Opportunity does not knock, it presents itself when you beat down the door.” – Kyle Chandler

47. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
48. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
49. “That which does not kill us makes us stronger.” – Friedrich Nietzsche
50. “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
51. “A problem is a chance for you to do your best.”–  Duke Ellington
52. “The best way to predict the future is to create it.” -Peter Drucker
53. “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
54. “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
55. “One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute.” – William Feather
56. “While I’m sure some millennials are concerned with the ethical issues involved in mining for diamonds, the main reason they steer clear of the gems is because, well, they’re a dumb investment.” – Ana Kasparian
57. “The wisest rule in investment is: when others are selling, buy. When others are buying, sell. Usually, of course, we do the opposite. When everyone else is buying, we assume they know something we don’t, so we buy. Then people start selling, panic sets in, and we sell too.” – Jonathan Sack
58. “We must shift our thinking away from short-term gain toward long-term investment and sustainability, and always have the next generations in mind with every decision we make.” –  Deb Haaland
59. “The only way to have a friend is to be one.” –  Ralph Waldo Emerson
60. “If you believe in yourself and have dedication and pride – and never quit, you’ll be a winner. The price of victory is high but so are the rewards.” – Bear Bryant

61. “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

62. “Success is not final, failure is not fatal: it is the courage to continue that counts.”– Winston Churchill

63. “Our greatest glory is not in never falling, but in rising every time we fall.” – Confucius

64. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
65. “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
66. “If you get up in the morning and think the future is going to be better, it is a bright day. Otherwise, it’s not.” – Elon Musk
67. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
68. “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
69. “Netflix, Amazon, iTunes – whatever platforms emerge – we are looking at as having the same potential that home video had for the movie business. Which means there are entirely new opportunities to monetize our capital investment in content and do so in ways that work for distributors, for consumers and for creators.” – Bob Iger

70. “When you have no one to answer to, vendetta as investment strategy is as legitimate as anything.” – Carl Icahn

71. “No other investment yields as great a return as the investment in education. An educated workforce is the foundation of every community and the future of every economy.” – Brad Henry
72. “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

73. “Modern medical advances have helped millions of people live longer, healthier lives.

74. We owe these improvements to decades of investment in medical research.”– Ike Skelton

75. “Stock market goes up or down, and you can’t adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.” – John Paulson

76. “Your mindset matters. It affects everything – from the business and investment decisions you make, to the way you raise your children, to your stress levels and overall well-being.” – Peter Diamandis
77. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
78. “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
79. “I think you have to learn that there’s a company behind every stock and there’s only one real reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies.” – Peter Lynch
80. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
81. “The markets generally are unpredictable, so that one has to have different scenarios. The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.” – George Soros
82. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
83. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
84. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
85. “When purchasing depressed stock in troubled companies, seek out the ones with the superior financial positions and avoid the ones with loads of bank debt.” – Peter Lynch
86. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

87. “Investment is most successful when it is most businesslike.” – Ben Graham

88. “Value stocks are about as exciting as watching grass grow, but have you ever noticed just how much your grass grows in a week?” – Christopher Browne

89. “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
90. “Individual who cannot master their emotions are ill-suited to profit from the investment process.” – Benjamin Graham
91. “I made my first investment at age eleven. I was wasting my life until then.” – Warren Buffet
92. “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
93. “There are only three measurements that tell you nearly everything you need to know about your organization’s overall performance: employee engagement, customer satisfaction, and cash flow. It goes without saying that no company, small or large, can win over the long run without energized employees who believe in the mission and understand how to achieve it.” – Jack Welch, former CEO of GE
94. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
95. “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet
96. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
97. “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” – Warren Buffett
98. “A market downturn doesn’t bother us. It is an opportunity to increase our ownership of great companies with great management at good prices.” — Warren Buffett
99. “Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer
100. “The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.” — John D. Rockefeller
101. “Know what you own, and know why you own it.” – Peter Lynch
102. “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
103. “Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz

104. “Invest for the long haul. Don’t get too greedy and don’t get too scared.” – Shelby M.C. Davis

105. “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
     -Jeremy Siegel
106. “With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future.” — Carlos Slim Helu
107. “If we like a business, we’re going to buy as much of it as we can and keep it as long as we can. And when we change our mind, we don’t take half measures.” – Warren Buffett

108. “The most contrarian thing of all is not to oppose the crowd but to think for yourself.” — Peter Thiel

109. “Never depend on a single income, make an investment to create a second source.” Warren Buffet

110. “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
     ― Warren Buffett
111. “The key to making money in stocks is not to get scared out of them.” – Peter Lynch
112. “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.” — Carlos Slim Helu
113. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
114. “As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.” — John Maynard Keynes
115. “Given a 10% chance of a 100 times payoff, you should take that bet every time.” — Jeff Bezos
116. “Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan
117. “The secret to investing is to figure out the value of something – and then pay a lot less.” – Joel Greenblatt
118. “We don’t have an analytical advantage, we just look in the right place.” – Seth Klarman
119. “Men, it has been well said, think in herds. It will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” – Charles Mackay
120. “It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” – George Soros
121. “No Price is too low for a bear or too high for a bull.” — Anonymous
122. “Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous
123. “Behind every stock is a company. Find out what it’s doing.” — Peter Lynch
124. “Wise spending is part of wise investing. And it’s never too late to start.” –Rhonda Katz
125. “It amazes me how people are often more willing to act based on little or no data than to use data that is a challenge to assemble.” ― Robert Shiller
126. “A bull market is like sex. It feels best just before it ends.” — Barton Biggs
127. “The investor’s chief problem — even his worst enemy — is likely to be himself.” — Benjamin Graham
128. “No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea
129. “Money is like a sixth sense – and you can’t make use of the other five without it.” – William Somerset Maugham
130. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
131. “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results” — Warren Buffett
132. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
133. “Thousands of experts study overbought indicators, head-and-shoulder patterns, put-call ratios, the Fed’s policy on money supply…and they can’t predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack.” – Peter Lynch
134. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
135. “You cannot save time for your future use however you can invest time for your future.” – John F. Heerdink, Jr. 
136. “Know what you own, and know why you own it.” – Peter Lynch
137. “Liquidity is only there when you don’t need it.” -Old Proverb
138. “If you want to be a millionaire, start with a billion dollars and launch a new airline.” – Richard Branson
139. “Fear incites human action far more urgently than does the impressive weight of historical evidence.” – Jeremy Siegel
140. “In investing, what is comfortable is rarely profitable.” – Robert Arnott
141. “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger
142. “The entrance strategy is actually more important than the exit strategy.” – Edward Lampert
143. “The rivers don’t drink their own water; Trees don’t eat their own fruits. The sun does not shine for itself, And flowers do not spread their fragrance For themselves. Living for others is a rule of nature” – Pope Francis
144. “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
145. “An investment in knowledge pays the best interest.” – Benjamin Franklin.
146. “I believe the returns on investment in the poor are just as exciting as successes achieved in the business arena, and they are even more meaningful!” -Bill Gates
147. “Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation.” – Suze Orman
148. “The tax on capital gains directly affects investment decisions, the mobility, and flow of risk capital… the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy.” – John F. Kennedy
149. “If all the economists were laid end to end, they’d never reach a conclusion. -George Bernard Shaw
150. “There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota
151. “Let this scenario play out on its own, in its own fashion. As you watch it unfold, you will soon be grateful that you choose the peaceful path. Remember — those who live by the sword, die by the sword.”
152. “As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer
153. “I rarely think the market is right. I believe non-dividend stocks aren’t much more than baseball cards. They are worth what you can convince someone to pay for it.” -Mark Cuban
154. “Michael Marcus taught me one other thing that is absolutely critical: You have to be willing to make mistakes regularly; there is nothing wrong with it. Michael taught me about making your best judgment, being wrong, making your next best judgment, being wrong, making your third best judgment, and then doubling your money.” -Bruce Kovner
155. “The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru
156. “The only true test of whether a stock is “cheap” or “high” is not its current price in relation to some former price, no matter how accustomed we may have become to that former price, but whether the company’s fundamentals are significantly more or less favorable than the current financial-community appraisal of that stock.” -Philip Fisher
157. “I learned to avoid trying to catch up or double up to recoup losses. I also learned that a certain amount of loss will affect your judgment, so you have to put some time between that loss and the next trade.” -Richard Dennis
158. “The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton
159. “Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger