Tuesday’s Markets Shift Lower In Concert With CPI Report- $BROS IPO $CROX $MDB $SHIP Go Up!

Happy Tuesday!

I hope that all of you had a wonderful day investing and that the balance of the has luted you as well. As for as the broad markets, unfortunately we saw the major indices close in the red as the S&P 500 closed at 4,443.05 (-.57%), the Dow 30 closed at34,577.57 (-.84%), & the Nasdaq closed lower at 15,037.76 (-.45%). All 11 sectors also closed in the red led by the decline in the cyclical sectors including energy, financials,  industrials & the materials which all closed down more than 1%. Overall growth concerns took front seat again in investors minds as both the COVID-related lockdowns were continued to sporadically been confirmed & the macroeconomic schedule delivered less than stellar reports. The Total CPI report confirmed a less than expected rise of .3% M/M & core CPI only moved up .1%, while total CPI ticked lower is now up 5.3%. The NFIB Small Business Optimism Index report also showed a rise to 100.1 in August. Tomorrow’s schedule will deliver the Industrial Production and Capacity Utilization report for August, the Empire State Manufacturing Survey report for September, the Import and Export Prices report for August, & the weekly MBA Mortgage Applications Index report.

The small caps on the Russell 2000 also landed in negative territory closing at 2,209.98 (-1.37%). 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 International Energy Agency (IEA) reported that Global oil demand is estimated to have declined for three straight months due to a resurgence of Covid-19 cases in Asia. As a result, 3Q21 has been revised down by 200 kb/d since last month’s Report. Already signs are emerging of Covid cases abating with demand now expected to rebound by a sharp 1.6 mb/d in October, and continuing to grow until end-year. Global oil demand is now expected to rise by 5.2 mb/d this year and by 3.2 mb/d in 2022. Oil prices closed flat at $70.46/bbl.

The yield curve further tightened today, as the 10-yr treasury yield closed down 4 basis points at 1.28, while the 2-yr yield stayed pat at .21%. The U.S. Dollar Index moved up by .2% to close at 92.66.

The precious metals markets ended with gold prices closing at $1,806, +$11 and silver closed at $23.86, +$.09.

BIOTECH MOVES LOWER

 The SPDR S&P Biotech ETF (XBI) closed at $128.99, -1.59%, the iShares Nasdaq Biotechnology ETF (IBB) closed at $169.93, -.23% & the NYSE ARCA Biotech Index (^BTK) closed at 5,803.15, -.63%.

On Monday, September 13th, InMed Pharmaceuticals (INM) announced that it had entered into a definitive agreement to acquire BayMedica Inc., a private company based in the US that specializes in the manufacturing and commercialization of rare cannabinoids. The Definitive Agreement follows a previously signed letter of intent announced on June 29, 2021. The transaction, which is subject to certain standard closing conditions, is expected to close in the coming weeks. Upon closing, InMed will become a global leader in the manufacturing of rare cannabinoids, with expertise in three distinct and complementary cannabinoid manufacturing approaches. InMed’s proprietary cannabinoid manufacturing process, IntegraSyn™, combined with BayMedica’s synthetic biology and chemical synthesis capabilities, will provide InMed with complete manufacturing flexibility to select the most appropriate, cost-effective method based on the target cannabinoid and appropriate quality specifications for the desired market segment. In parallel to cannabinoid manufacturing, the combined company will continue to explore the therapeutic potential of cannabinoids and novel cannabinoid analogs for pharmaceutical drug development, as well as expand commercial sales of rare cannabinoids to the consumer health and wellness sector

TECH MOVES 

 A few tech giants closed as follows: Alphabet (GOOG) which closed at 2,868.12, -.04, Facebook (FB) closed at $376.53, +.01%, Amazon (AMZN) closed at $3,450, -.21%, Microsoft (MSFT) closed at $299.79, +.94%, Apple (AAPL, $148.12, -.96%),  Netflix (NFLX, $577.76, -1.96%) & Tesla (TSLA, $577.76, -1.96%). 

MongoDB, Inc. (MDB) closed at $505.21, +4.17%. Recently, MDB,  the leading, modern general purpose database platform, announced the appointment of Peder Ulander as Chief Marketing Officer. Ulander will oversee the marketing organization including marketing operations, corporate communications, demand generation & field marketing, growth marketing and content marketing and will join MongoDB’s executive leadership team. Ulander joins MongoDB from Amazon Web Services (AWS) where he was Head of Enterprise and Developer Marketing. During his tenure, Peder helped improve AWS’s engagement and reputation with open source communities through his work leading the open source marketing and strategy team. A veteran technology executive across multiple industries, he brings a rich history of helping brands, from start-ups like Cobalt Networks and Cloud.com to multi-billion dollar enterprises like Cisco and AWS, navigate and take advantage of major market transitions.

IPO

According to Reuters, 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 with trade on the NYSE on Wednesday under the ticker BROS.

$CROX JUMPS

Shares of Crocs, Inc. (CROX) jump to close at $149.38, +8.47% after the world leader in innovative casual footwear for women, men, and children, hosted an event where Chief Executive Officer Andrew Rees and other members of the Crocs leadership team provided an overview of the Company’s long-term strategy and key initiatives to deliver sustainable, profitable growth. Andrew Rees, Chief Executive Officer stated,  “We are incredibly proud of the track record of growth and shareholder value creation since we first embarked on the turnaround of the Crocs brand in 2014Looking forward, we expect the Crocs brand to grow to over $5 billion in sales by 2026. We are confident in our ability to deliver this growth while maintaining industry-leading profitability, creating significant shareholder value, and having a positive impact on our planet and our communities.”

MEMES WATCH

AMC Entertainment (AMC) closed at $47.30, -8.49%.

GameStop (GME) had a very nice day as it closed at $199.24, -2.05%. 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 $24, -1.07%. 

Shares of infamous ‘meme brokerage’ firm Robinhood Markets, Inc., (HOOD) closed at $40.02, -1.43%. 

Shares of Seanergy Maritime Holdings Corp. (SHIP) moved up strongly today as it closed at $1.42, +1.43% after reaching $1.45.  I met with management today and came away with a treasurer understanding of their opportunity  and position in the marketplace. With capsize rates once $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. “The secret of business is to know something that nobody else knows.” – Aristotle Onassis
2. “It takes a long time to grow an old friend.” – John Leonard
3. “Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor.”– Sholom Aleichem
4. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem
5. “Man is only great when he acts from passion.” – Benjamin Disraeli
6. “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
7. “We must let go of the life we have planned, so as to accept the one that is waiting for us.” – Joseph Campbell
8. “Put your heart, mind, and soul into even your smallest acts. This is the secret of success.” – Swami Sivananda
9. “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” – Jimmy Dean
10. “Companies have too many experts who block innovation. True innovation really comes from perpendicular thinking.” – Peter Diamandis
11. “By failing to prepare, you are preparing to fail.” – Benjamin Franklin
12. “We cannot solve our problems with the same thinking we used when we created them.” – Albert Einstein
13. “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
14. “Set your course by the stars, not by the lights of every passing ship.” – Omar N. Bradley
15. “Do not take life too seriously. You will never get out of it alive.” – Elbert Hubbard
16. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey 
17. “Every good painter paints what he is.” – Jackson Pollock
18. “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
19. “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
20. “You cannot have a positive life and a negative mind.” – Joyce Meyer 
21. “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
22. “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 
23. “Life consists not in holding good cards but in playing those you hold well.” – Josh Billings 
24. “Friend, there’s no greater investment in life than in being a people builder. Relationships are more important than our accomplishments.” – Joel Osteen
25. “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
26. “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul 

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

28. “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
29. “In every investment, before I get involved or invest, I always see what the mindset of the founder, the CEO, is.” – Zaza Pachulia
30. “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
31. “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
32. “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
33. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson
34. “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
35. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward- American Writer, Born 1921
36. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
37. “The secret of your future is hidden in your daily routine.” – Mike Murdock
38.  “If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.” – Leah LaBelle
39. “Opportunity is missed by most people because it is dressed in overalls and looks like work”. -Thomas A. Edison
40. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey

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

42. “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
43. “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

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

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

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

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

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

49. “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

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

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

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

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

70. “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

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

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

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

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

80. “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
81. “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

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

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

84. “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

85. “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
86. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
87. “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
88. “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
89. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
90. “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
91. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
92. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
93. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
94. “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
95. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

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

97. “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

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

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

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

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

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

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