Q3 Ends With A Hard Close on Thursday — $AMC $ATOS $INMB $INVO $SHIP $SPCE Move Higher!

Happy End Of The Quarter!

I hope that you all had a wonderful day in general, but unfortunately the markets were decidedly working against us from the start and closed even lower going in to the end of this last session of the quarter. The S&P 500 closed at 4,307.54 (-1.19%), the Dow 30 closed at 33,843.92 (-1.59%), & the Nasdaq closed at 14,448.48 (-.44%). 11 0f the 11 sectors closed in the red with the industrials sector leading the descent realizing a sizable 2.1% drop. The markets seemed to be taking to heart or using the widely reported fear of the of US debt ceiling issue or at least using it as excuse to cash in some profits made in the large caps this year as no other really significant news hit the tape today. Although, along those lines, the US Congress did mange to find it in their hearts to pass the continuing resolution bill to sufficiently fund the government through Dec. 3. The market selloff could also be partly attributed to a few managers locking in their numbers for the quarter as well. 

It is worth noting that the macroeconomic schedule did serve a few somber reports, but nothing too alarming, including the Initial jobless claims report for the week ending September 25, which confirmed a rise by by 11k to 362k, while continuing claims for the week ending September 18 fell by 18k to 2.802M. The third estimate for Q2 GDP ticked up to 6.7  & the GDP Deflator remained at 6.1%. The Chicago PMI fell to 64.7 in September.

Oil prices rose again to close at $75.07/bbl rising .2%. The 10-yr yield curve moved lower today as the 10-yr treasury yield closed at 1.53% moving down 1 basis point, while the 2-yr yield remained at .29%. The U.S. Dollar Index moved down .1% to 94.25.

The small caps on the Russell 2000 fell another -.94% closing at 2,204.37.  The MicroCaps also fell again as the iShares Micro-Cap ETF (IWC) closed at $144.32, (-.39%) but jumped to $155,+7.4% in the aftermarkets….

The precious metals markets ended with gold prices closing at $1,757, +$29 and silver closed at $22.17, +$.61.

Tomorrow’s macroeconomic schedule will bring forth the ISM Manufacturing Index report for September, the Personal Income and Spending report for August, the PCE Prices report for August, the final Univ. of Michigan Index of Consumer Sentiment report for September, the Construction Spending report for August, & the final Markit Manufacturing PMI report for September.

BIOTECH TURNS GREEN – $ATOS, $INM, $INMB MOVE FORWARD

The SPDR S&P Biotech ETF (XBI) closed at $125.71, +.06%,  the iShares Nasdaq Biotechnology ETF (IBB) closed at $161.68, +.17% & the NYSE ARCA Biotech Index (^BTK) closed at 5,679.05, +.49%.

Atossa Therapeutics (ATOS) announced that it has begun to enroll participants in its clinical study of AT-H201 in Australia. The nebulized formulation, AT-H201, is being developed as an inhalation therapy for moderately to severely-ill hospitalized COVID-19 patients and for “long-haul” patients with post-infection pulmonary disease. “Even with vaccines becoming widely available, the COVID-19 pandemic continues to be an urgent global health crisis,” said Steven Quay, M.D., Ph.D., Atossa’s CEO and President. “Enrolling the first two participants in this study marks a significant milestone in our goal of ultimately developing nebulized AT-H201 to improve lung function in patients with active disease, which may reduce the number of patients requiring ventilators, and in ‘long-haul’ patients who have residual pulmonary function damage. Up to one third of hospitalized patients have pulmonary function changes 60 days or more after recovering from COVID. The portability of nebulizers, already routinely used for other chronic lung disease, should allow for treatment at home.”

InMed Pharmaceuticals (INM) announced that it has commenced its Phase 2 clinical trial of INM-755 (cannabinol) cream in the treatment of Epidermolysis Bullosa (“EB”). This marks the first time cannabinol has advanced to a Phase 2 Clinical trial to be studied as a therapeutic option to treat a disease. This study will be taking place at eleven sites across seven countries including Austria, Germany, Greece, France, Italy, Israel and Serbia. Clinical Trial Applications (“CTAs”) have been filed in all participating countries with regulatory authority and ethics committee approvals currently in place in four countries (Austria, France, Greece, Israel). The first site initiation visit was completed at a clinical site in Austria, where screening for eligible patients will begin shortly. “The start of this Phase 2 clinical trial represents a very important step forward to test the efficacy of INM-755 (cannabinol) cream in treating epidermolysis bullosa, a disease that has very few treatment options,” stated Alexandra Mancini, Senior Vice President of Clinical and Regulatory Affairs at InMed. “Based on our earlier studies, we are hopeful that our cannabinol cream will prove to be a safe and effective treatment for people living with this severe genetic skin disease.”

I hosted a FREE Tribe Public Presentation and Q&A event with INMB management today,  Thursday, September 30 at 8:30am PT/11:30am ET. INmune Bio’s (NASDAQ: INMB) CEO Dr. Raymond J. Tesi, MD and CFO David J. Moss delivered their presentation titled “Improving White Matter Integrity In Alzheimer’s Disease” & and were available for a brief Q&A session. Please view the video now to learn more. 

TECH LOWER – $NFLX CONTINUES

A few tech giants closed as follows: Alphabet (GOOG) closed at 2,665.31, -.93%, Facebook (FB) closed at $339.39, -.06%, Amazon (AMZN) closed at $3,285.04, -.45%, Microsoft (MSFT) closed at $281.92, -.73%, Apple (AAPL, $141.50, -.93%), Netflix (NFLX, $610.34, +1.88%), Salesforce (CRM, $271.22, +.27%) & Tesla (TSLA, $775.48, -.75%). 

DISNEY

Shares of The Walt Disney Company (DIS) closed at $169.17, -2.03%.  On Friday, Disney World will turn the big “Five-O”. 

MEMES WATCH

AMC Entertainment (AMC) closed at $38.06, +7.09%. AMC announced today that it has exercised an option to repurchase $35 million of its 15% cash / 17% payment-in-kind (“PIK”) Toggle First Lien Secured Notes due 2026. The total cost to exercise this repurchase option was $41.3 million, including principal and accrued and unpaid interest. As a result of this debt reduction, AMC’s annual interest cost has been reduced by $5.25 million.

GameStop (GME) closed at $175.47, -.26%. On Sept. 20, GameStop announced that the Company plans to hire up to 500 employees at its newly-leased customer service center in Pembroke Pines, Florida. The new facility is expected to be operational by the end of 2021. 

Virgin Galactic Holdings (SPCE) closed at $25.30, +12.15%. After the markets closed yesterday Virgin Galactic, a vertically integrated aerospace and space travel company, announced that it is cleared to fly FAA-licensed spaceflights following the conclusion of an FAA inquiry that focused on air traffic control clearance and real-time mission notification related to the Unity 22 flight in July. Michael Colglazier, Chief Executive Officer of Virgin Galactic, said: “Our entire approach to spaceflight is guided by a fundamental commitment to safety at every level, including our spaceflight system and our test flight program. We appreciate the FAA’s thorough review of this inquiry. Our test flight program is specifically designed to continually improve our processes and procedures. The updates to our airspace and real-time mission notification protocols will strengthen our preparations as we move closer to the commercial launch of our spaceflight experience.”

Shares of infamous ‘meme brokerage’ firm Robinhood Markets, Inc., (HOOD) closed at $42.08, -2.43%, but still above the $38 IPO offering price.

Shares of Seanergy Maritime Holdings Corp. (SHIP) closed at $1.45, +2.11%.

Economic Reports

• On Tuesday, the Conference Board’s Consumer Confidence Index report confirmed a fall to 109.3 in September. The Advance report for International Trade in Goods for August confirmed a deficit of $87.6B, while the Advance report for Retail Inventories report for August showed a rise by .1%, & the Advance report for Wholesale Inventories report for August rose 1.2%. The July FHFA Housing Price Index report showed a rise by 1.4% M/M. The July S&P Case-Shiller Home Price Index report confirmed a 19.9% jump Y/Y.
• On Wednesday, the Pending home sales report confirmed a 8.1% M/M leap in August, while the weekly MBA Mortgage Applications Index report confirmed a drop by 1.1%. The weekly crude oil inventories rose by 4.58M barrels.
• On Thursday, the Initial jobless claims report for the week ending September 25, confirmed a rise by by 11k to 362k, while continuing claims for the week ending September 18 fell by 18k to 2.802M. The third estimate for Q2 GDP ticked up to 6.7  & the GDP Deflator remained at 6.1%. The Chicago PMI fell to 64.7 in September.

Investing & Inspiration

1. “One fails forward toward success.” – Charles Kettering
2. “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
3. “I hear and I forget. I see and I remember. I do and I understand.” – Confucius
4. “I’m a very strong believer in listening and learning from others.” – Ruth Bader Ginsburg
5. “Blessed are those who give without remembering and take without forgetting.” – Elizabeth Bibesco
6. “As you walk down the fairway of life you must smell the roses, for you only get to play one round.” – Ben Hogan
7. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
8. “Economics is all about consumption. People either spend money now or they use financial instruments – like bonds, stocks and savings accounts – so they can spend more later.” – Adam Davidson
9. “Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better.” -Samuel Beckett
10. “In the post-industrial economy, ideas and great minds often provide far greater return on investment than any other resources or capital investments.” – Marvin Ammori
11. “Work like you don’t need the money. Love like you’ve never been hurt. Dance like nobody’s watching.” – Satchel Paige
12. “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
13. “The secret of business is to know something that nobody else knows.” – Aristotle Onassis
14. “It takes a long time to grow an old friend.” – John Leonard
15. “Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor.”– Sholom Aleichem
16. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem
17. “Man is only great when he acts from passion.” – Benjamin Disraeli
18. “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
19. “We must let go of the life we have planned, so as to accept the one that is waiting for us.” – Joseph Campbell
20. “Put your heart, mind, and soul into even your smallest acts. This is the secret of success.” – Swami Sivananda
21. “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” – Jimmy Dean
22. “Companies have too many experts who block innovation. True innovation really comes from perpendicular thinking.” – Peter Diamandis
23. “By failing to prepare, you are preparing to fail.” – Benjamin Franklin
24. “We cannot solve our problems with the same thinking we used when we created them.” – Albert Einstein
25. “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
26. “Set your course by the stars, not by the lights of every passing ship.” – Omar N. Bradley
27. “Do not take life too seriously. You will never get out of it alive.” – Elbert Hubbard
28. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey 
29. “Every good painter paints what he is.” – Jackson Pollock
30. “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
31. “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
32. “You cannot have a positive life and a negative mind.” – Joyce Meyer 
33. “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
34. “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 
35. “Life consists not in holding good cards but in playing those you hold well.” – Josh Billings 
36. “Friend, there’s no greater investment in life than in being a people builder. Relationships are more important than our accomplishments.” – Joel Osteen
37. “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
38. “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul 

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

40. “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
41. “In every investment, before I get involved or invest, I always see what the mindset of the founder, the CEO, is.” – Zaza Pachulia
42. “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
43. “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
44. “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
45. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson
46. “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
47. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward- American Writer, Born 1921
48. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
49. “The secret of your future is hidden in your daily routine.” – Mike Murdock
50.  “If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.” – Leah LaBelle
51. “Opportunity is missed by most people because it is dressed in overalls and looks like work”. -Thomas A. Edison
52. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey

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

54. “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
55. “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

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

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

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

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

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

61. “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

62. “What lies behind you and what lies in front of you, pales in comparison to what lies inside of you.” – Ralph Waldo Emerson
63. “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
64. “Life is 10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
65. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem

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

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

68. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
69. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
70. “That which does not kill us makes us stronger.” – Friedrich Nietzsche
71. “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
72. “A problem is a chance for you to do your best.”–  Duke Ellington
73. “The best way to predict the future is to create it.” -Peter Drucker
74. “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
75. “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
76. “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
77. “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
78. “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
79. “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
80. “The only way to have a friend is to be one.” –  Ralph Waldo Emerson
81. “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

82. “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

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

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

85. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
86. “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
87. “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
88. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
89. “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
90. “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

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

92. “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
93. “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

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

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

96. “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

97. “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
98. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
99. “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
100. “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
101. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
102. “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
103. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
104. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
105. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
106. “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
107. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

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

109. “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

110. “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
111. “Individual who cannot master their emotions are ill-suited to profit from the investment process.” – Benjamin Graham
112. “I made my first investment at age eleven. I was wasting my life until then.” – Warren Buffet
113. “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
114. “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
115. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
116. “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet
117. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
118. “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” – Warren Buffett
119. “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
120. “Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer
121. “The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.” — John D. Rockefeller
122. “Know what you own, and know why you own it.” – Peter Lynch
123. “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
124. “Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz

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

126. “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
     -Jeremy Siegel
127. “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
128. “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

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

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

131. “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
     ― Warren Buffett
132. “The key to making money in stocks is not to get scared out of them.” – Peter Lynch
133. “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.” — Carlos Slim Helu
134. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
135. “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
136. “Given a 10% chance of a 100 times payoff, you should take that bet every time.” — Jeff Bezos
137. “Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan
138. “The secret to investing is to figure out the value of something – and then pay a lot less.” – Joel Greenblatt
139. “We don’t have an analytical advantage, we just look in the right place.” – Seth Klarman
140. “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
141. “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
142. “No Price is too low for a bear or too high for a bull.” — Anonymous
143. “Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous
144. “Behind every stock is a company. Find out what it’s doing.” — Peter Lynch
145. “Wise spending is part of wise investing. And it’s never too late to start.” –Rhonda Katz
146. “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
147. “A bull market is like sex. It feels best just before it ends.” — Barton Biggs
148. “The investor’s chief problem — even his worst enemy — is likely to be himself.” — Benjamin Graham
149. “No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea
150. “Money is like a sixth sense – and you can’t make use of the other five without it.” – William Somerset Maugham
151. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
152. “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results” — Warren Buffett
153. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
154. “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
155. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
156. “You cannot save time for your future use however you can invest time for your future.” – John F. Heerdink, Jr. 
157. “Know what you own, and know why you own it.” – Peter Lynch
158. “Liquidity is only there when you don’t need it.” -Old Proverb
159. “If you want to be a millionaire, start with a billion dollars and launch a new airline.” – Richard Branson
160. “Fear incites human action far more urgently than does the impressive weight of historical evidence.” – Jeremy Siegel
161. “In investing, what is comfortable is rarely profitable.” – Robert Arnott
162. “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger
163. “The entrance strategy is actually more important than the exit strategy.” – Edward Lampert
164. “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
165. “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
166. “An investment in knowledge pays the best interest.” – Benjamin Franklin.
167. “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
168. “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
169. “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
170. “If all the economists were laid end to end, they’d never reach a conclusion. -George Bernard Shaw
171. “There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota
172. “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.”
173. “As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer
174. “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
175. “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
176. “The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru
177. “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
178. “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
179. “The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton
180. “Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger