Markets Treat Investors Across The Board On Wednesday! – $ATOS $BROS $INVO $IRNT $ONON Move Higher

Happy Wednesday!

I hope that all of you had a wonderful day and that you profited again in the markets.  As for as the broad markets, it was somewhat of positive day or a treat of sorts after the S&P had sold off several days in row and all had also seemed a bit bleak during the first two days of this week. The major indices moved up significant today across the board as the S&P 500 closed at 4,480.70 (+.85%), the Dow 30 closed at 38,814.39 (+.68%), & the Nasdaq closed at 15,161.53 (+.82%). 10 of the 11 sectors also closed in the green led by the rise in the cyclical sectors including the energy sector’s 3.8% surge as oil prices jumped another 2.9% to close at $72.52/bbl in concert with reports that the EIA had made a larger than expected weekly inventory drawdown.

Overall growth concerns that plagued the markets so far this week also seemed to take a back seat today as a number of reports were delivered from the macroeconomic schedule. The total industrial production report confirmed a better than expected rise by .4% in August, while the capacity utilization rate rose to 76.4%. The Empire State Manufacturing Survey also confirmed rise to 34.3 in September. Import prices also fell .3% in August & export prices moved up .4%. The weekly MBA Mortgage Applications Index rose .3%. Tomorrow’s schedule will deliver the Retail Sales report for August, the weekly Initial and Continuing Claims report, the Philadelphia Fed Index report for September, & the Business Inventories repot for July.

The small caps on the Russell 2000 also exhibited widespread strength closing at 2,234.45 (+1.11%). In concert, the MicroCaps sold off sharply today as the iShares Micro-Cap ETF (IWC) closed at $143.66, (-1.7%) and is now off9.37% over the last 6-months. 

The yield curve widened today, as the 10-yr treasury yield closed up 2 basis points at 1.30, while the 2-yr yield stayed pat at .21% for the third day in a row. The U.S. Dollar Index moved down by .2% to close at 92.48.

The precious metals markets ended with gold prices closing at $1,797, -$9 and silver closed at $23.89, +$.03.

BIOTECH REBOUNDS

 The SPDR S&P Biotech ETF (XBI) closed at $130.43, +1.12%, the iShares Nasdaq Biotechnology ETF (IBB) closed at $171.80, +1.1% & the NYSE ARCA Biotech Index (^BTK) closed at 5,893.48, +1.56%.

TECH MOVES 

 A few tech giants closed as follows: Alphabet (GOOG) which closed at 2,904.12, +.1.26, Facebook (FB) closed at $373.92, -.69%, Amazon (AMZN) closed at $3,475.79, +.75%, Microsoft (MSFT) closed at $304.82, +1.68%, Apple (AAPL, $149.03, +.61%),  Netflix (NFLX, $577.76, -1.96%) & Tesla (TSLA, $582.87, +.88%). The board of Microsoft (MSFT) announced a quarterly dividend of $.62/share, a 6 cent or 11% increase over the previous quarter’s dividend. The dividend is payable on Dec. 9, 2021, to shareholders of record on Nov. 18, 2021. The MSFT board also announced the authorization of a new share repurchase program up to $60 billion in share repurchases.

IronNet, Inc. (NYSE:IRNT), a leading provider of solutions transforming cybersecurity through Collective Defense, announced yesterday its financial results for the second quarter ended July 31, 2021. Revenue came in at $6.1 million compared to $7.9 million in the same quarter last year & subscription revenue grew to $5.8 million from $5.3 million in the same quarter last year. On August 26, 2021, and the common stock of IronNet began trading under the ticker symbol “IRNT” on the New York Stock Exchange on August 27, 2021. They have expanded the customer base in the recently announced Collective Defense Community for Space which was designed to provide real-time, automated attack intelligence for the pioneering commercial space and critical infrastructure sectors. Shares of IRNT skyrocketed to an intraday high of $32.72 prior to closing at $32.13 up +37.78%. In the aftermarkets URNT shares closed at $41.65 up another 29.63%. 

BROS & ONON TAKE FLIGHT

Private equity firm TSG-backed Dutch Bros Inc priced its initial public offering (IPO) above its target range on Tuesday, valuing the company at about $3.8 billion. Dutch Bros, founded in 1992 by brothers Dane and Travis Boersma in Oregon, had opened its first franchise in 2000 and now has 470 drive-thru coffee locations in 11 states. The coffee chain sold 21.1 million shares at $23 each, above the $18 to $20 per share range set earlier, to raise about $484 million in the IPO. Shares of Dutch Bros traded on the NYSE today under the ticker BROS reaching a high of $40.10 prior to closing at $36.68, +59.48%. I guess it pays to sell coffee my friends!

Zurich-based running shoemaker On Holding AG, with legendary tennis pro Roger Federer as an investor, sold their IPO shares at $24 on NYSE under the symbol ONON.  They raised $746M via Goldman Sachs Group Inc., Morgan Stanley, JPMorgan Chase & Co., Allen & Co. LLC, UBS Group AG and Credit Suisse Group AG. Shares closed at $35 up a whopping 45.83%. 

MEMES WATCH

AMC Entertainment (AMC) closed at $46.84, -.97%.

GameStop (GME) had a very nice day as it closed at $204.52, +2.65%. GME released their financial results for the second quarter ended July 31, 2021 last week. They generated their net sales of $1.183 billion, compared to $942 million in the prior year’s second quarter & ended the period with cash and restricted cash of $1.78 billion, ended the period with no long-term debt, other than a $47.5 million low-interest loan associated with the French government’s pandemic response & invested in long-term growth initiatives that include expanding the Company’s product catalog, enhancing its fulfillment network capabilities and technology, and adding talent across the organization.

Virgin Galactic Holdings (SPCE) continued to languish and closed at $23.91, -.38%. 

Shares of infamous ‘meme brokerage’ firm Robinhood Markets, Inc., (HOOD) closed at $41.87, +4.62%. 

Shares of Seanergy Maritime Holdings Corp. (SHIP) moved up strongly again today as it closed at $1.52, +7.04% after reaching $1.58.  I met with management yesterday and came away with a better understanding of their opportunity and position in the marketplace. With capsize rates in the $50k range they are significantly in the positive with their operations. SHIP, the only pure-play Capesize ship-owner publicly listed in the US, announced last week that it took delivery of the previously-announced Capesize vessel acquisition, the M/V Worldship (the “Vessel”). The Vessel is a 181,415 dwt Capesize bulk carrier, built in 2012 by Imabari of Japan. The M/V Worldship is the sixth Capesize delivery that Seanergy has successfully completed in 2021 to-date. M/V Worldship has already entered a time charter (“T/C”) with an existing charterer of the Company, at a gross fixed rate of $31,750 per day for a period of about 12 to about 16 months from the delivery. SHIP 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 Treasury Budget report for August, which confirmed a $170.64B deficit in August, while the fiscal YTD budget deficit is $2.71T.
• On Tuesday, the Total CPI report which confirmed a less than expected rise of .3% M/M & core CPI only moved up .1%, while total CPI ticked lower as well and is now up 5.3%. The NFIB Small Business Optimism Index report showed a rise to 100.1 in August.

Investing & Inspiration

1. “One of the rules I’ve learned is that struggling to try and think your way into making an investment is usually the best way to not have a great outcome.” – Stephen A. Schwarzman
2. “The secret of business is to know something that nobody else knows.” – Aristotle Onassis
3. “It takes a long time to grow an old friend.” – John Leonard
4. “Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor.”– Sholom Aleichem
5. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem
6. “Man is only great when he acts from passion.” – Benjamin Disraeli
7. “We need to stop thinking about infrastructure as an economic stimulant and start thinking about it as a strategy. Economic stimulants produce Bridges to Nowhere. Strategic investment in infrastructure produces a foundation for long-term growth.” – Roger McNamee
8. “We must let go of the life we have planned, so as to accept the one that is waiting for us.” – Joseph Campbell
9. “Put your heart, mind, and soul into even your smallest acts. This is the secret of success.” – Swami Sivananda
10. “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” – Jimmy Dean
11. “Companies have too many experts who block innovation. True innovation really comes from perpendicular thinking.” – Peter Diamandis
12. “By failing to prepare, you are preparing to fail.” – Benjamin Franklin
13. “We cannot solve our problems with the same thinking we used when we created them.” – Albert Einstein
14. “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
15. “Set your course by the stars, not by the lights of every passing ship.” – Omar N. Bradley
16. “Do not take life too seriously. You will never get out of it alive.” – Elbert Hubbard
17. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey 
18. “Every good painter paints what he is.” – Jackson Pollock
19. “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
20. “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
21. “You cannot have a positive life and a negative mind.” – Joyce Meyer 
22. “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
23. “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 
24. “Life consists not in holding good cards but in playing those you hold well.” – Josh Billings 
25. “Friend, there’s no greater investment in life than in being a people builder. Relationships are more important than our accomplishments.” – Joel Osteen
26. “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
27. “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul 

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

29. “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
30. “In every investment, before I get involved or invest, I always see what the mindset of the founder, the CEO, is.” – Zaza Pachulia
31. “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
32. “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
33. “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
34. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson
35. “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
36. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward- American Writer, Born 1921
37. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
38. “The secret of your future is hidden in your daily routine.” – Mike Murdock
39.  “If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.” – Leah LaBelle
40. “Opportunity is missed by most people because it is dressed in overalls and looks like work”. -Thomas A. Edison
41. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey

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

43. “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
44. “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

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

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

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

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

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

50. “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

51. “What lies behind you and what lies in front of you, pales in comparison to what lies inside of you.” – Ralph Waldo Emerson
52. “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
53. “Life is 10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
54. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem

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

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

57. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
58. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
59. “That which does not kill us makes us stronger.” – Friedrich Nietzsche
60. “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
61. “A problem is a chance for you to do your best.”–  Duke Ellington
62. “The best way to predict the future is to create it.” -Peter Drucker
63. “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
64. “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
65. “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
66. “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
67. “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
68. “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
69. “The only way to have a friend is to be one.” –  Ralph Waldo Emerson
70. “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

71. “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

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

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

74. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
75. “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
76. “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
77. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
78. “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
79. “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

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

81. “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
82. “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

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

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

85. “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

86. “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
87. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
88. “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
89. “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
90. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
91. “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
92. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
93. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
94. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
95. “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
96. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

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

98. “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

99. “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
100. “Individual who cannot master their emotions are ill-suited to profit from the investment process.” – Benjamin Graham
101. “I made my first investment at age eleven. I was wasting my life until then.” – Warren Buffet
102. “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
103. “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
104. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
105. “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet
106. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
107. “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” – Warren Buffett
108. “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
109. “Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer
110. “The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.” — John D. Rockefeller
111. “Know what you own, and know why you own it.” – Peter Lynch
112. “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
113. “Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz

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

115. “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
     -Jeremy Siegel
116. “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
117. “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

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

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

120. “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
     ― Warren Buffett
121. “The key to making money in stocks is not to get scared out of them.” – Peter Lynch
122. “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.” — Carlos Slim Helu
123. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
124. “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
125. “Given a 10% chance of a 100 times payoff, you should take that bet every time.” — Jeff Bezos
126. “Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan
127. “The secret to investing is to figure out the value of something – and then pay a lot less.” – Joel Greenblatt
128. “We don’t have an analytical advantage, we just look in the right place.” – Seth Klarman
129. “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
130. “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
131. “No Price is too low for a bear or too high for a bull.” — Anonymous
132. “Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous
133. “Behind every stock is a company. Find out what it’s doing.” — Peter Lynch
134. “Wise spending is part of wise investing. And it’s never too late to start.” –Rhonda Katz
135. “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
136. “A bull market is like sex. It feels best just before it ends.” — Barton Biggs
137. “The investor’s chief problem — even his worst enemy — is likely to be himself.” — Benjamin Graham
138. “No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea
139. “Money is like a sixth sense – and you can’t make use of the other five without it.” – William Somerset Maugham
140. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
141. “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results” — Warren Buffett
142. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
143. “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
144. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
145. “You cannot save time for your future use however you can invest time for your future.” – John F. Heerdink, Jr. 
146. “Know what you own, and know why you own it.” – Peter Lynch
147. “Liquidity is only there when you don’t need it.” -Old Proverb
148. “If you want to be a millionaire, start with a billion dollars and launch a new airline.” – Richard Branson
149. “Fear incites human action far more urgently than does the impressive weight of historical evidence.” – Jeremy Siegel
150. “In investing, what is comfortable is rarely profitable.” – Robert Arnott
151. “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger
152. “The entrance strategy is actually more important than the exit strategy.” – Edward Lampert
153. “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
154. “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
155. “An investment in knowledge pays the best interest.” – Benjamin Franklin.
156. “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
157. “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
158. “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
159. “If all the economists were laid end to end, they’d never reach a conclusion. -George Bernard Shaw
160. “There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota
161. “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.”
162. “As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer
163. “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
164. “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
165. “The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru
166. “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
167. “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
168. “The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton
169. “Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger