A Reasonable Holiday Trading Week Until ‘Lord Omicron’ Showed… $MRK $PFE Rise!

Happy Weekend All!

I hope that you all had a great Thanksgiving Day holiday shortened week and that you found many ways to make a dollar or two in the markets while getting full up on the Turkey and family affairs alike.

As for the markets this week, the first three days of the week seemed to be somewhat typical as trading volumes lightened up as many begged off early for the holiday. We also saw strong rotational moves towards the more defensive issues that made the more aggressive side of our portfolios hurt, and tax loss swapping/selling continued putting pressure on the smaller side of the markets, but all seemed fairly reasonable. In fact, we even got a solid from President Joe Biden who renominated Jerome Powell for his second term as Fed Chair, thus supporting a continuation of market friendly policies. We also received a number of macroeconomic reports that showed relatively positive improvements overall. On Monday, the existing home sales report confirmed a rise by .8% M/M in October to a seasonally adjusted annual rate of 6.34M, however total sales in October were fell 5.8% Y/Y. On Tuesday, the preliminary IHS Markit Manufacturing PMI report for November, which confirmed a rise to 59.1, while the preliminary IHS Markit Services PMI report for November confirmed a drop to 57. On Wednesday, the Initial jobless claims report for the week ending November 20 fell by 71k to 199k, while continuing jobless claims for the week ending November 13 fell by 60k to 2.049M. The Personal income report confirmed a rise by .5% M/M in October & personal spending rose 1.3%. The PCE Price Index moved up .6%, while the core PCE Price Index moved up.4% inline with expectations. Real disposable personal income also fell .3% M/M as the personal savings rate dropped .9% to 7.3%. The New home sales report also confirmed a rise by .4% M/M in October to a seasonally adjusted annual rate of 745k, while Y/Y new home sales were off 23.1%. The final November University of Michigan Index of Consumer Sentiment moved up to 67.4. The second estimate for Q3 GDP confirmed a positive revision to 2.1. The GDP Price Deflator was also revised upward to 5.9%. The Advance report for International Trade in Goods report for October confirmed a deficit of $82.9B. The Advance report for Retail Inventories for October ticked down by .1% & the Advance report for Wholesale Inventories for October rose 2.2%. The Weekly MBA Mortgage Applications Index rose 1.8%.

However, on Friday a new and feared ‘dictator’ in the form of a new coronavirus variant rolled into our little world and all of the good feelings went away. The markets in turn sold off significantly across the board in the US and across the world as fears of slower growth returned to investors’ minds. This new COVID-19 variant, this one dubbed ‘Omicron’ or as I like to call it ‘Lord Omicron’ that has surfaced is believed to be a more transmissible variant that was discovered in South Africa. It has already caused a number of countries to ban travelers from a number Southern African countries and the US is reportedly on the way to doing so as well. Apparently, researchers are concerned with its highly unusual number of mutations and that it is believed to be more transmissible as it may have “greater potential to escape prior immunity’. Regardless, it truly seemed to be the root of the sell off today and it is wise to keep a close eye on the situation and as it could minimally accelerate tax selling and create extraordinary values even more than usual as we had towards the last month of trading of 2021.

As for this week, the S&P 500 closed at 4,594.62 (-2.2%), but remains up 22.3% YTD. 10 of the 11 sectors also finished the week in the red, with the popular names from the consumer discretionary, communication services, & the information technology sectors leading the downward move selling off over 3% this week. The lone sector to end the week in the green was the energy sector, which bounced back to end up 1.7% even though oil prices dropped 9.5% this week.  The Dow 30 did not fair well again this week closing at 34,899.34 (-2.0%), but remains up 14% YTD. The Nasdaq also closed lower at 15,491.66 (-3.5%), but remains up 20.2%. The small caps on the Russell 2000 also fell significantly again this week closing at 2,245.94 (-4.1%), but remain up 13.7% YTD. The MicroCaps also sold off sharply again this week as the iShares Micro-Cap ETF (IWC) closed at $142.71, off a whopping 5.21% for the week & now off just shy of 10% over the last two, but remains up 20.28% YTD. 

The yield curve’s volatility increased this week moving up in the first part but reversed on Friday where the 10-yr yield closed at 1.49%, down 5 basis points wk/wk and the 2-yr yield closed at .52%, up 1 basis point after dropping 12 basis points on Friday. 

The U.S. Dollar Index also moved higher once again this week to end at 96.11 moving up from the 96.03 mark last week ending near a multi-year high once again. 

Next week, the macroeconomic schedule will serve the Pending Home Sales report for October, the employment rate report, and the PMI index report.

EV, TECH, CONSUMER

Apple (AAPL) closed at $156.81, -.67% over the last 5-days. On Nov. 23 Apple® filed a lawsuit against NSO Group and its parent company to hold it accountable for the surveillance and targeting of Apple users. The complaint provides new information on how NSO Group infected victims’ devices with its Pegasus spyware. To prevent further abuse and harm to its users, Apple is also seeking a permanent injunction to ban NSO Group from using any Apple software, services, or devices. NSO Group creates sophisticated, state-sponsored surveillance technology that allows its highly targeted spyware to surveil its victims. These attacks are only aimed at a very small number of users, and they impact people across multiple platforms, including iOS and Android. Researchers and journalists have publicly documented a history of this spyware being abused to target journalists, activists, dissidents, academics, and government officials.

Shares of IronNet, Inc. (IRNT), an innovative leader transforming cybersecurity through Collective Defense, closed at $9.08 -9.92% over the week. Recently, IronNet announced that it has joined the Microsoft Intelligent Security Association (MISA), a nomination-only association, demonstrating IronNet’s long-term commitment with Microsoft to deliver better security solutions to customers. As a Microsoft partner, IronNet, through its innovative Collective Defense platform, empowers Microsoft customers to execute safe and seamless migrations to the cloud amidst the increasing volume of highly-aggressive and sophisticated cyberattacks. IronNet Founder and Co-CEO, General (Ret.) Keith Alexander, “As we continue to see an increase in malicious cyberattacks against both the public and private sectors, we are pleased to join the Microsoft Intelligent Security Association to advance how we defend together. MISA’s mission directly aligns with our mission at IronNet: to develop integrated and innovative ways to better defend together against an evolving cyber threat landscape.” 

EV giant Tesla (TSLA) moved higher to close at $1,081.92, -1.32% this week

Shares of Ford (F) closed at $19.75, +.97% over the past 5-days. On November 19, Ford Motor Company announced the consideration payable in connection with its previously announced cash tender offers (each, a “Tender Offer” and collectively, the “Tender Offers”) to purchase its outstanding 9.000% Notes due April 2025, 9.625%, Notes due April 2030, 7.45% GlobLS due July 2031, 9.980% Debentures due February 2047, 8.900% Debentures due January 2032, 8.500% Notes due April 2023, 7.500% Debentures due August 2026, 7.125% Debentures due November 2025, 6.625% Debentures due October 2028 and 6.375% Debentures due February 2029 (collectively, the “Securities”) in the order of priority set forth in the table below (the “Acceptance Priority Level”), subject to an aggregate tender cap of $6,795,510,000 for all series of Securities tendered (the “Aggregate Tender Cap”). Other than with respect to the previously announced upsizing of the Aggregate Tender Cap from $5,000,000,000 to $6,795,510,000, the terms and conditions of the Tender Offers remain unchanged as described in an Offer to Purchase dated November 4, 2021 (as it may be amended or supplemented from time to time, the “Offer to Purchase”).

Shares of Microsoft Corp. (MSFT) closed at 329.68, -3.4% this week. This week, Ballard Power Systems (NASDAQ: BLDP) announced that the company has launched a three-year project through a collaboration with Caterpillar Inc. (NYSE: CAT) and Microsoft (NYSE: MSFT) to demonstrate a power system incorporating large-format hydrogen fuel cells to produce reliable and sustainable backup power for data centers. The project is supported and partially funded by the U.S. Department of Energy (DOE) under the H2@Scale initiative and backed by the National Renewable Energy Lab (NREL).

NVIDIA (NVDA) closed $315.03, -.54% over the past 5-days.  Recently, NVDA handily beat expectations clocking in with revenue at $7.1B vs. $6.81B expected, earnings per share was $1.17 vs. $1.11 expected, gaming revenue came in at $3.22 billion vs.$3.18B expected, & the Data Center revenue was at $2.94B vs. $2.69B that was expected.

Cathie Wood’s ARK Innovation ETF (ARKK) closed at $107.12, -5.893% for the week and nearly 10% the last two weeks.

The Technology Select Sector SPDR Fund (XLK) closed at $165.99, -2.4% for the week.

Disney (DIS) closed at $148.11, 4.8% for the week.  On November 15, Disney launched Mickey and Friends Stay True: Stay-Cation, a nationwide campaign inspired by Mickey and Friends (otherwise known as the Sensational Six) and their passions for food, arts & fashion, and pets & play. Through six exciting and immersive city guides fans will be able to enjoy their city through a new lens. Last week, Disney reported earnings for its fourth quarter and fiscal year ended October 2, 2021 which missed expectations. Diluted earnings per share (EPS) from continuing operations for the quarter was income of $0.09 compared to a loss of $0.39 in the prior-year quarter. Excluding certain items(1), diluted EPS for the quarter was income of $0.37 compared to a loss of $0.20 in the prior-year quarter. Diluted EPS from continuing operations for the year ended October 2, 2021 was income of $1.11 compared to a loss of $1.57 in the prior-year. Excluding certain items(1), diluted EPS for the year increased 13% to $2.29 from $2.02 in the prior-year. “This has been a very productive year for The Walt Disney Company, as we’ve made great strides in reopening our businesses while taking meaningful and innovative steps in Direct-to-Consumer and at our Parks, particularly with our popular new Disney Genie and Magic Key offerings,” said Bob Chapek, Chief Executive Officer, The Walt Disney Company. “As we celebrate the two-year anniversary of Disney+, we’re extremely pleased with the success of our streaming business, with 179 million total subscriptions across our DTC portfolio at the end of fiscal 2021 and 60% subscriber growth year-over-year for Disney+. We continue to manage our DTC business for the long-term, and are confident that our high-quality entertainment and expansion into additional markets worldwide will enable us to further grow our streaming platforms globally.”

Shares of McDonald’s (MCD) closed at $250.01, -1.37% for the week. McDonald’s President and Chief Executive Officer, Chris Kempczinski recently recently stated, “Our third quarter results are a testament to our unparalleled scale and agility. Our global comparable sales increased 10% over 2019, which was delivered across an omnichannel experience that is focused on meeting the needs of our customers. We continue to execute our strategic growth plan and run great restaurants so that we can drive long-term, sustainable growth for all of our stakeholders.” Global comparable sales were up 12.7% in the third quarter and increased 10.2% on a 2-year basis & Year-to-date digital Systemwide sales* were about $13 billion, or over 20% of total Systemwide sales in our top six markets.

BIOTECH & HEALTHCARE

 The Nasdaq Biotechnology ETF (IBB) closed at $154.90, +.79% for the week, now up 2.25% YTD, but would have been down for the week if had not gotten a boost on Friday from the likes of heavily weighted Pfizer (PFE) that closed at $54, jumping 6.1% & Moderna (MRNA) which closed at $329.63, up a whopping 20.6%. The NYSE ARCA Biotech Index (^BTK) closed at 5,398.15, +.16% for the week and is now down -5.94% YTD. In the other side of the coin or the smaller side of the biotech markets the SPDR S&P Biotech ETF (XBI) closed at $116.78, -4.45% for the week (over 8% the last 2 wks) and is off -17.05% for the year. The XBI’s 52-wk range is $115.01-$174.79.  The small stocks in this sector are definitely being hurt the most this year to say the least.

On Nov. 23, InMed Pharmaceuticals (NASDAQ: INM) announced that InMed’s management team is scheduled to participate in Cowen’s 4th Annual Cannabis Conference to be held virtually on November 29 – December 1, 2021.

Health Care Select Sector SPDR (XLV) moved up this week to close at $131.97, -1.35% over the last 5-days. 

GOLD & SILVER

Gold prices closed at $1,794, -$54 for the week & silver prices closed at $23.15, -$1.52/oz. for the week. Hecla Mining (HL) closed at $5.58, -9.27% for the week. First Majestic (AG) closed at $11.91, -10.32% for the week. 

MEMES REPORT

AMC Entertainment (AMC) closed at $37.63, -6.88% over the last 5-days. On Nov. 12, Dreamscape, the location-based immersive virtual reality company,  announced it will open its next venue in Paramus, New Jersey, Dreamscape at AMC Garden State, at the Westfield Garden State Plaza on November 19, 2021. Launched in partnership with AMC Theatres®, Dreamscape will be located within the AMC Garden State 16 theatre. Serving the greater New Jersey and New York metro area, audiences can purchase advanced tickets for the location from dreamscapeimmersive.com. On November 8, AMC reported results for the third quarter ended September 30, 2021. AMC operated 596 domestic theatres representing essentially 100% of its domestic theatres and 351 international theatres representing approximately 99% of its international theatres. Substantially all of the Company’s theatres were open for the entirety. 

GameStop (GME) closed at $199.72, -4.95% for the week.On Nov. 23, GameStop announced that it will report third quarter fiscal 2021 earnings results after the market closes on Wednesday, December 8, 2021. The Company will host an investor conference call at 5:00 pm ET on the same day to review its results. This call and all supplemental information can be accessed on GameStop’s investor relations website: https://investor.gamestop.com. The phone number for the investor conference call is 877-451-6152 and the confirmation code is 13725350. A recording of the conference call will be made available on the Company’s investor relations website.

Bed Bath & Beyond Inc. (NASDAQ: BBBY) announced announced recently that it expects to complete its $1 billion three-year share repurchase plan by the end of fiscal 2021 – two years ahead of schedule. Shares of BBBY closed at $20.90, -8.73% for the week. On Nov. 18, Bed Bath & Beyond officially announced the launch of H for Happy™, a new Owned Brand collection of holiday-inspired and seasonal celebratory goods that make it easy to turn everyday moments into life-long memories. Whether hanging stockings over the fireplace, setting a holiday table, lighting the menorah, or trimming a tree, H for Happy has everything needed to “home, happier™” this season and create celebratory moments all year long. Shares of BBBY closed at $23.25, +3.25% for the week. 

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) closed at $.9249, -1.61% for the week. Seaenergy recently its financial results for the third quarter ended September 30, 2021. Highlights of the Third Quarter of 2021: Gross revenues: $50 million in Q3 2021, as compared to $20.4 million in Q3 2020, up 146%, Net Income: $20.1 million in Q3 2021, as compared to $3.6 million in Q3 2020, up 459%, EBITDA1: $30.1 million in Q3 2021, as compared to $12.7 million in Q3 2020, up 137%, Adjusted EBITDA1: $32.2 million in Q3 2021, as compared to $7.8 million in Q3 2020, up 312%.

BITCOIN

Bitcoin $BTC.X closed at $54,176.42, -5.89% this week.

ENERGY

The Energy Select Sector SPDR Fund or ETF (XLE) closed at $55.58, -2.3% over the last five days & +46.65% YTD. 

NEXT WEEK

The stock market will be back to a normal 5-day trading week next week.

VP WATCHLIST UPDATES

Please review our complete VP Watchlist that includes Apple (AAPL), Disney (DIS), Tesla (TSLA) & a select group of emerging names.  The pages will allow you to learn more and keep up with these companies daily.

For now, see the summaries or five of the emerging companies from the VP Watchlist below:

Thanks again for your attention this week. Please continue to share your thoughts, questions, & ideas as we move forward. 

In the meantime, please enjoy the balance of the weekly newsletter’s videos, quotes, updates. 

Investing & Inspiration

1. “Live life to the fullest, and focus on the positive.” – Matt Cameron
2. “You cannot escape the responsibility of tomorrow by evading it today.” – Abraham Lincoln
3. “However difficult life may seem, there is always something you can do and succeed at.”– Stephen Hawking
4. “Once you bring life into the world, you must protect it. We must protect it by changing the world.” – Elie Wiesel
5. “Don’t let your ego get too close to your position, so that if your position gets shot down, your ego doesn’t go with it.” – Colin Powell
6. “Good things do not come easy. The road is lined with pitfalls.” – Desi Arnaz
7. Honoring the sacrifices many have made for our country in the name of freedom and democracy is the very foundation of Veterans Day.” – Charles B. Rangel,
8. “The true sign of intelligence is not knowledge but imagination.” – Albert Einstein
9. “Trust yourself, you know more than you think you do.” – Benjamin Spock
10. “This idea of mutual appreciation and partnerships and investment in our people is very important to me and will continue to be important.” – Dennis Muilenburg
11. “The true secret of happiness lies in taking a genuine interest in all the details of daily life.” – William Morris
12. “Formal education will make you a living; self-education will make you a fortune.” – Jim Rohn
13. “Give me the luxuries of life and I will willingly do without the necessities.” – Frank Lloyd Wright
14. “If opportunity doesn’t knock, build a door.” – Milton Berle
15. “Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.” – Mark Twain
16. “The smallest deed is better than the greatest intention.” – John Burroughs
17. “It’s the steady, quiet, plodding ones who win in the lifelong race.” – Robert W. Service
18. “When I was young I thought that money was the most important thing in life; now that I am old I know that it is.” – Oscar Wilde
19. “A savvy entrepreneur will not always look for investment money, first.” – Daymond John
20. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son

21. “Look deep into nature, and then you will understand everything better.” -Albert Einstein

22. “The young man knows the rules, but the old man knows the exceptions.” – Oliver Wendell Holmes, Sr.

23. “Don’t go through life, grow through life.”– Eric Butterworth
24. “This life is worth living, we can say, since it is what we make it.” – William James
25. “People who think they know everything are a great annoyance to those of us who do.” –  Isaac Asimov
26. “True life is lived when tiny changes occur.”  – Leo Tolstoy
27. “If you want a guarantee, buy a toaster.” – Clint Eastwood
28. “In order to attain the impossible, one must attempt the absurd.” – Miguel de Cervantes
29. “Aim for the moon. If you miss, you may hit a star.” – W. Clement Stone
30. “If I had to live my life again, I’d make the same mistakes, only sooner.” – Tallulah Bankhead
31. “The deal machinations many companies put themselves through, while certainly a bonanza for investment bankers, can confound the typical investor.” – Whitney Tilson
32. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
33. “Procrastination is the art of keeping up with yesterday.” – Don Marquis

34. “Do not fear mistakes. You will know failure. Continue to reach out.” – Benjamin Franklin

35. “Success is peace of mind which is a direct result of self-satisfaction in knowing you did your best to become the best you are capable of becoming.” – John Wooden
36. “One fails forward toward success.” – Charles Kettering
37. “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
38. “I hear and I forget. I see and I remember. I do and I understand.” – Confucius
39. “I’m a very strong believer in listening and learning from others.” – Ruth Bader Ginsburg
40. “Blessed are those who give without remembering and take without forgetting.” – Elizabeth Bibesco
41. “As you walk down the fairway of life you must smell the roses, for you only get to play one round.” – Ben Hogan
42. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
43. “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
44. “Ever tried. Ever failed. No matter. Try Again. Fail again. Fail better.” -Samuel Beckett
45. “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
46. “Work like you don’t need the money. Love like you’ve never been hurt. Dance like nobody’s watching.” – Satchel Paige
47. “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
48. “The secret of business is to know something that nobody else knows.” – Aristotle Onassis
49. “It takes a long time to grow an old friend.” – John Leonard
50. “Life is a dream for the wise, a game for the fool, a comedy for the rich, a tragedy for the poor.”– Sholom Aleichem
51. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem
52. “Man is only great when he acts from passion.” – Benjamin Disraeli
53. “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
54. “We must let go of the life we have planned, so as to accept the one that is waiting for us.” – Joseph Campbell
55. “Put your heart, mind, and soul into even your smallest acts. This is the secret of success.” – Swami Sivananda
56. “I can’t change the direction of the wind, but I can adjust my sails to always reach my destination.” – Jimmy Dean
57. “Companies have too many experts who block innovation. True innovation really comes from perpendicular thinking.” – Peter Diamandis
58. “By failing to prepare, you are preparing to fail.” – Benjamin Franklin
59. “We cannot solve our problems with the same thinking we used when we created them.” – Albert Einstein
60. “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
61. “Set your course by the stars, not by the lights of every passing ship.” – Omar N. Bradley
62. “Do not take life too seriously. You will never get out of it alive.” – Elbert Hubbard
63. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey 
64. “Every good painter paints what he is.” – Jackson Pollock
65. “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
66. “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
67. “You cannot have a positive life and a negative mind.” – Joyce Meyer 
68. “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
69. “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 
70. “Life consists not in holding good cards but in playing those you hold well.” – Josh Billings 
71. “Friend, there’s no greater investment in life than in being a people builder. Relationships are more important than our accomplishments.” – Joel Osteen
72. “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
73. “The more sand that has escaped from the hourglass of our life, the clearer we should see through it.” – Jean Paul 

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

75. “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
76. “In every investment, before I get involved or invest, I always see what the mindset of the founder, the CEO, is.” – Zaza Pachulia
77. “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
78. “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
79. “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
80. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson
81. “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
82. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward- American Writer, Born 1921
83. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
84. “The secret of your future is hidden in your daily routine.” – Mike Murdock
85.  “If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.” – Leah LaBelle
86. “Opportunity is missed by most people because it is dressed in overalls and looks like work”. -Thomas A. Edison
87. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey

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

89. “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
90. “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

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

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

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

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

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

96. “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

97. “What lies behind you and what lies in front of you, pales in comparison to what lies inside of you.” – Ralph Waldo Emerson
98. “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
99. “Life is 10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
100. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem

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

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

103. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
104. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
105. “That which does not kill us makes us stronger.” – Friedrich Nietzsche
106. “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
107. “A problem is a chance for you to do your best.”–  Duke Ellington
108. “The best way to predict the future is to create it.” -Peter Drucker
109. “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
110. “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
111. “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
112. “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
113. “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
114. “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
115. “The only way to have a friend is to be one.” –  Ralph Waldo Emerson
116. “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

117. “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

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

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

120. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
121. “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
122. “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
123. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
124. “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
125. “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

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

127. “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
128. “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

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

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

131. “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

132. “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
133. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
134. “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
135. “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
136. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
137. “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
138. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
139. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
140. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
141. “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
142. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

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

144. “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

145. “Even the intelligent investor is likely to need considerable willpower to keep from following the crowd.” – Benjamin Graham
146. “Individual who cannot master their emotions are ill-suited to profit from the investment process.” – Benjamin Graham
147. “I made my first investment at age eleven. I was wasting my life until then.” – Warren Buffet
148. “I don’t look to jump over seven-foot bars; I look around for one-foot bars that I can step over.” — Warren Buffett
149. “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
150. “Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble” ― Warren Buffett
151. “If you buy things you do not need, soon you will have to sell things you need.” – Warren Buffet
152. “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.” — Robert G. Allen
153. “It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price.” – Warren Buffett
154. “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
155. “Every once in a while, the market does something so stupid it takes your breath away.” — Jim Cramer
156. “The person who starts simply with the idea of getting rich won’t succeed; you must have a larger ambition.” — John D. Rockefeller
157. “Know what you own, and know why you own it.” – Peter Lynch
158. “Although it’s easy to forget sometimes, a share is not a lottery ticket… it’s part ownership of a business.” – Peter Lynch
159. “Wise spending is part of wise investing. And it’s never too late to start.” – Rhonda Katz

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

161. “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
     -Jeremy Siegel
162. “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
163. “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

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

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

166. “Games are won by players who focus on the playing field –- not by those whose eyes are glued to the scoreboard.”
     ― Warren Buffett
167. “The key to making money in stocks is not to get scared out of them.” – Peter Lynch
168. “Courage taught me no matter how bad a crisis gets … any sound investment will eventually pay off.” — Carlos Slim Helu
169. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
170. “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
171. “Given a 10% chance of a 100 times payoff, you should take that bet every time.” — Jeff Bezos
172. “Money is always eager and ready to work for anyone who is ready to employ it.” ― Idowu Koyenikan
173. “The secret to investing is to figure out the value of something – and then pay a lot less.” – Joel Greenblatt
174. “We don’t have an analytical advantage, we just look in the right place.” – Seth Klarman
175. “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
176. “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
177. “No Price is too low for a bear or too high for a bull.” — Anonymous
178. “Investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.” Anonymous
179. “Behind every stock is a company. Find out what it’s doing.” — Peter Lynch
180. “Wise spending is part of wise investing. And it’s never too late to start.” –Rhonda Katz
181. “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
182. “A bull market is like sex. It feels best just before it ends.” — Barton Biggs
183. “The investor’s chief problem — even his worst enemy — is likely to be himself.” — Benjamin Graham
184. “No profession requires more hard work, intelligence, patience, and mental discipline than successful speculation.” – Robert Rhea
185. “Money is like a sixth sense – and you can’t make use of the other five without it.” – William Somerset Maugham
186. “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
187. “Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good results” — Warren Buffett
188. “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
189. “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
190. “Investing puts money to work. The only reason to save money is to invest it.” – Grant Cardone
191. “You cannot save time for your future use however you can invest time for your future.” – John F. Heerdink, Jr. 
192. “Know what you own, and know why you own it.” – Peter Lynch
193. “Liquidity is only there when you don’t need it.” -Old Proverb
194. “If you want to be a millionaire, start with a billion dollars and launch a new airline.” – Richard Branson
195. “Fear incites human action far more urgently than does the impressive weight of historical evidence.” – Jeremy Siegel
196. “In investing, what is comfortable is rarely profitable.” – Robert Arnott
197. “Spend each day trying to be a little wiser than you were when you woke up.” – Charlie Munger
198. “The entrance strategy is actually more important than the exit strategy.” – Edward Lampert
199. “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
200. “It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton
201. “An investment in knowledge pays the best interest.” – Benjamin Franklin.
202. “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
203. “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
204. “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
205. “If all the economists were laid end to end, they’d never reach a conclusion. -George Bernard Shaw
206. “There are old traders and there are bold traders, but there are very few old, bold traders.”-Ed Seykota
207. “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.”
208. “As long as you enjoy investing, you’ll be willing to do the homework and stay in the game.” -Jim Cramer
209. “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
210. “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
211. “The policy of being too cautious is the greatest risk of all.” -Jawaharlal Nehru
212. “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
213. “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
214. “The four most dangerous words in investing are: ‘this time it’s different.” -Sir John Templeton
215. “Money doesn’t make you happy. I now have $50 million but I was just as happy when I had $48 million.” -Arnold Schwarzenegger