Fed Chair Empowers Weekly Stock Market Continuation – $ADT $AMC $FATE $HL $KDNY $TSLA $XBI Rise!

Happy Saturday All!

I hope you ll had a great week and enjoyed the balance of the group stage of the 2022 World Cup. Congratulations to Team USA that is now scheduled to play Netherlands in the knock out stage  as you are receiving this message this fine Saturday. 

As for the markets this week, investors realized positive continuation after last week’s solid rebound. Did you know that the Dow is now up a whopping 20% from its October low?  

Continuing to fuel these moves, the macroeconomic schedule produced another set of reports this week that continued to give investors, and now the Fed, the impression that the skyrocketing interest rate process of 2022 is beginning to cause the desired slowdown effect and that we  my be beginning to win the fight against inflation. In fact, this week Fed Chair “Uncle Jerry” Powell offered a message that embraced a more moderate go-forward approach for interest rate raises and left all with the impression that a 50 basis point raise was on the docket for December and not the 75 basis point that had been expected. The schedule included on Tuesday, the September FHFA Housing Price Index report that came in higher at .1%, the September S&P Case-Shiller Home Price Index report which came in at 10.4% on Y/Y basis. Note that housing prices overall continue to decline in the shorter term and have slowed down also on a medium basis across the U.S. as interest rates have risen sharply. The November Consumer Confidence report came in lower at 100.2 during the same time frame. On Wednesday, the Weekly MBA Mortgage Applications Index report which confirmed a .8% drop as the pending home sales report showed a sizable 4.6% fall in October. The Advanced report for international trade in goods showed a $99B deficit in October. The advanced report for retail inventories confirmed a .2% drop in October, while the advanced report for wholesale inventories report came in with an .8% build in October. However, the Q3 GDP was adjusted up to 2.9% , while the GDP Price Deflator was adjusted up to 4.3%. The November Chicago PMI report dropped to 37.2 in November. The JOLTS Job Openings report came in at a 10.334M total in October. The Weekly EIA Crude Oil Inventories conformed a 12.58M/bbl draw. On Thursday, the Personal income report confirmed a .7% rise M/M in October and personal spending report showed a .8% rise. The PCE Price Index report confirmed a .3% M/M rise, while the core-PCE Price Index edged up .2%. The Initial jobless claims report for the week ending November 26 also showed a 16k drop to 225k & the continuing claims report for the week ending November 19 showed a 57k increase to 1.608M. The final IHS Markit Manufacturing PMI reading for November checked in slightly higher at 47.7. The November ISM Manufacturing Index report came in lower at 49% and in contraction territory. The Total construction spending report came in lower by .3% M/M in October. The Total private construction report dropped by .5% M/M. Total public construction spending came in up .6% and on a was up 9.2% on Y/Y basis. Finally, the Weekly EIA Natural Gas Inventories report confirmed a 81 bcf draw. On Friday, the Labor Department’s monthly jobs report for November confirmed that payrolls increased by 263k higher than the 200k mark that was expected, while the unemployment rate remained flat at 3.7%.

With these reports in view, the yield curve pulled back solidly this week with the 2-yr note yield falling by 2o basis points to close at 4.28% & the 10-yr note yield moving down by 20 basis points to close at at 3.49%.on the negative side, oil prices closed higher at $80.13/bbl, jumping 5% this week as stories that OPEC+ would be reducing their production spread widely. However, the US dollar also moved significantly lower down from last Friday’s close of $106.06 to $104.51 and dropping 5% vs. a number of other major currencies and therefore making multinationals’ products a bit more affordable. 

As for the major indices, the S&P 500 closed at 4071.70 (+1.13%) for the week with 9 of the 11 sectors closing in the green and is now down 14.7% YTD. 9 of the 11 sectors closed in the green with the communication services sector up +3.3% & the consumer discretionary sector up +2.1% leading all, while the financials and the energy sectors closed in the red. The 6.82% weighting of Apple (AAPL) placed some pressure this week closing at $147.81 moving down .34% over the last 5-days. The Dow 30 closed higher at 34,429.88 (+.24%) and is down 5.25% YTD. The Nasdaq closed at 11,461.50 (+2.09%) for the week and is down 26.74% YTD. In line with the positive bias, the CBOE Volatility Index (^VIX) closed at $19.06, -7.02% over the last 5-days and remains up +10.69% YTD. The small caps on the Russell 2000 also performed well this week and closed at 1,892.84 (+1.27%) & is now down 15.70% YTD. The MicroCaps joined the upward moving party again this week as the iShares Micro-Cap ETF (IWC) closed at $113.98, up 1.43% over the last 5-days and is now down 18.43% YTD.  

Did you know that Hong Kong’s main index jumped 27% in November?

BIOTECH AND HEALTHCARE

Biotech stocks jumped higher overall this week. The Nasdaq Biotechnology ETF (IBB) moved up and closed at $138.43, +3.44% over the last 5-days & is down -9.30 YTD. The NYSE ARCA Biotech Index (^BTK) closed at 5,434.06, +4.14% over the last 5-days and is now down 1.53% YTD. The SPDR S&P Biotech ETF (XBI) closed at $85.66, +5.67% over the last 5-days & is now down 23.49% YTD. The 52-week range is is now $61.78-$119.21.

The iShares U.S. Healthcare ETF (IYH) closed at $291.18, +2.17% over the last 5-days and is down -3.06% YTD.

EV, TECH, CONSUMER, FINANCIALS

Apple (AAPL) closed at $147.81, -.20% over the last 5-days. Apple represents a 6.82% weighting in the S&P 500.  

EV giant Tesla (TSLA) closed at $194.86,+6.56% over the last 5-days. On Dec. 1, Tesla revealed its Semi, a 18-wheeler long-haul electric freight hauler, which the first will roll out to PepsiCo. (PEP). The Semi has a 500-mile range while hauling 82k pounds of freight according to Tesla. 

 

 

Shares of ADT Inc. (ADT), the most trusted brand in smart home and small business security, closed at $9.75, +8.33% over the last 5-days. On Nov. 3, ADT, announced its results for the third quarter of 2022. They highlighted Total revenue of $1.6 billion, up 22% or 8% excluding Solar, and end-of-period Recurring Monthly Revenue (RMR) of $372 million, up 4%, Record high customer retention with gross customer revenue attrition at 12.6%, Record revenue payback of 2.1 years, & GAAP net loss of $122 million, or a loss of $(0.13) per diluted share, down $13 million. The board of ADT announced that it will pay a dividend of $.035.share on the 4th of January or 1.6% yield.

 

On Oct. 13, ADT, announced that it has issued and sold in a private placement to State Farm 133.3 million shares of ADT common stock for a gross purchase price of $1.2 billion. In September, ADT announced a new partnership with State Farm to revolutionize the homeownership experience through innovation in the detection and mitigation of property losses. In addition to the equity investment, State Farm has committed up to $300 million to fund product and technology innovation, customer growth and marketing activities in connection with the partnership. State Farm has funded the first $100 million and the two companies will collaborate to approve initiatives utilizing the funds.

Shares of JPMorgan (JPM) closed at $135.16, -1.16% over the last 5-days. On December 1, J.P. Morgan announced launched Wealth Plan today, a free digital money coach that gives clients a full picture of their finances and helps them plan, save and invest, all in one place. The experience will be available for free to all 62 million digitally-active Chase customers in the top-ranked Chase Mobile app and Chase.com.

Shares of Amazon.com, Inc. (AMZN) closed $94.13,+.77% over the last 5-days.  On December 1, AWS announced an expanded relationship with American Family Insurance, a mutual insurance company focused on property, casualty, business, and life coverage. As part of the multiyear agreement, American Family Insurance has selected AWS as its preferred cloud provider to help accelerate cloud migration, drive innovation, provide financial support and training for the local community, and reduce environmental impact.

Shares of Microsoft Corp. (MSFT) closed at $255.02, +3.04% over the last 5-days. On Nov. 16, Lockheed Martin (LMT) and Microsoft announced a landmark expansion of their strategic relationship to help power the next generation of technology for the Department of Defense (DOD). The game-changing agreement will span four critical areas for the DOD.

Shares of Salesforce, Inc. (CRM) closed at $144.56, -5.73% over the last five days. Salesforce ,the global leader in CRM, announced results for its third quarter fiscal 2023 ended October 31, 2022. Revenue of $7.84 Billion, up 14% Y/Y, up 19% Constant Currency. 

Shares of NVIDIA (NVDA), a pioneer in accelerated computing, closed at $168.76, +3.72% over the last 5-days. On Nov. 17, Lockheed Martin (LMT) and NVIDIA announced a collaboration to build an Artificial Intelligence (AI)-driven Earth Observations Digital Twin that will provide the National Oceanic and Atmospheric Administration (NOAA) with an efficient and centralized approach to monitor current global environmental conditions, including extreme weather events.

Cathie Wood’s ARK Innovation ETF (ARKK) closed at $38.16, +6% over the last 5-days. 

The Technology Select Sector SPDR Fund (XLK) closed at $135.36, +1.32% over the last 5-days. 

Shares of McDonald’s (MCD) closed at $273.40, -.58% over the last 5-days. Reportedly, after a “farewell tour,” the McRib has finally left McDonald’s menus this time apparently for good. McRib, a barbecue pork sandwich was a regular item between 1981 and 1985 and has regularly reappeared as an LTO.

On October 27, McDonald’s Corporation announced results for the third quarter ended September 30, 2022 and highlighted the following: 1) Global comparable sales increased nearly 10%, with growth across all segments, 2) U.S. comparable sales increased more than 6% for the quarter, marking the ninth consecutive quarter of comparable sales growth for the segment, & 3) Digital Systemwide sales* in our top six markets were nearly $7 billion for the quarter, representing over a third of total Systemwide sales in those markets.

GOLD & SILVER

Gold prices closed at $1805/oz., +$47/oz. & silver prices closed at $23.22/oz., +$1.72/oz. for the week.

Hecla Mining (HL) closed at $5.72,+10.42% over the last 5-days & First Majestic (AG) closed at $9.54, +.63% over the last 5-days. 

First Majestic announced on Nov. 30 that they had entered into a royalty purchase agreement dated November 25, 2022 to sell a portfolio of its royalty interests (“Royalty Portfolio”) to Metalla Royalty & Streaming Ltd. (NYSE American: MTA) (TSXV: MTA) (“Metalla”) for a total consideration of US$20.0 million (the “Transaction”) in common shares of Metalla.

MEMES CENTRAL

AMC Entertainment (AMC) closed at $8.17, +8.79% & (APE) closed at $.9955, -18.40% over the last 5-days. On Dec. 1., GKIDS, the acclaimed producer and distributor of animation for adult and family audiences, announced it will bring the highly anticipated fourth and final installment of the new theatrical “Rebuild” editions of the EVANGELION franchise, to theaters nationwide. GKIDS, in partnership with Fathom Events, will hold event screenings of the highly anticipated finale on December 6, 8 and 11 only.

GameStop (GME) closed at $27.52, +5.16% over the last 5-days as the shorts lost overall this week. Note that approx. 20% of GME’s outstanding shares are sold short landing it with a short interest ratio of 7.6. GME will report third quarter fiscal 2022 results after the market closes on Wednesday, December 7, 2022. 

Seanergy Maritime Holdings Corp. (SHIP) closed at $.5171, -.56% over the last 5-days. On Nov. 30 after the close, SHIP announced its financial results for the third quarter and nine months ended September 30, 2022. The Company also declared a quarterly dividend of $0.025 per share for the third quarter of 2022.

CRYPTO & BITCOIN

Bitcoin (BTC) closed at $17,059.44, up +5.19% over the last 5-days at the time this report was prepared. 

ENERGY

The Energy Select Sector SPDR Fund or ETF (XLE) closed at $90.31, -1.70% over the last 5-days. Chevron (CVX) closed at $181.03, -1.45% over the last 5-days. Warren Buffet’s pick in the space, Occidental Petroleum (OXY) closed at $68.21, -2.95% over the last 5-days.

Oil prices closed on Friday to end at $80.13/bbl, up 5% this week.

NEXT WEEK

A full five action packed trading days are back on the agenda again next week.

VP WATCHLIST UPDATES

Please review a select group of emerging names below and their updates below:

Shares of InMed Pharmaceuticals Inc. (INM), a leader in the research, development and manufacturing of rare cannabinoids, closed at $2.74.

• On Nov. 21, InMed announced the closing of its previously announced private placement with two healthcare-focused institutional investors for the issuance and sale of 1,818,185 of its common shares at a purchase price of $3.30 per share (or pre-funded warrant in lieu thereof) priced at-the-market under Nasdaq rules. In addition, the Company has issued to the investors in the offering unregistered preferred investment options (the “investment options”) to purchase up to an aggregate of 3,272,733 common shares. The aggregate gross proceeds to the Company from the private placement were approximately $6 million. The Company intends to use the net proceeds from the offering to continue pipeline development of its pharmaceutical drug candidates, advance manufacturing know-how of cannabinoids and cannabinoid analogs, support intellectual property development and other commercial activities, and for general working capital purposes.

• On Nov. 17, Tribe Public’s Webinar Presentation and Q&A Event was co-hosted by Eric A. Adams, CEO & Eric C. Hsu, PhD, Senior Vice President, Pre-Clinical Research & Development of InMed Pharmaceuticals (NASDAQ: INM. They delivered a presentation titled “Exploring The Neuroprotective Qualities of Rare Cannabinoids”& addressed a Q&A session at the end of the presentation. You may now watch the event video art the Tribe Public YouTube Channel at this link. 

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 and let’s find ways to crush it again this year!

Investing & Inspiration

1. “No man was ever wise by chance.” – Lucius Annaeus Seneca
2. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
3. “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare

4. “It does not matter how slowly you go as long as you do not stop.” – Confucius

5. “I want to put a ding in the universe.” – Steve Jobs

6. “Research is creating new knowledge.” – Neil Armstrong

7. “The reward for work well done is the opportunity to do more.” – Jonas Salk
8. “Man is a creative retrospection of nature upon itself.” – Karl Wilhelm Friedrich Schlegel
9. “There’s something about taking a plow and breaking new ground. It gives you energy.” – Ken Kesey

10. “Success seems to be largely a matter of hanging on after others have let go.” – William Feather

11. “The essential conditions of everything you do must be choice, love, passion.” – Nadia Boulanger

12. “More business is lost every year through neglect than through any other cause.” – Rose Kennedy

13. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes

14. “A person who won’t read has no advantage over one who can’t read.” – Mark Twain

15. “The best way out is always through.” – Robert Frost

16. “Start by doing what’s necessary; then do what’s possible; and suddenly you are doing the impossible.” – Francis of Assisi

17. “Without labor nothing prospers.” – Sophocles

18. “Intellectuals solve problems, geniuses prevent them.” – Albert Einstein

19. “This is the precept by which I have lived: Prepare for the worst; expect the best; and take what comes.” – Hannah Arendt

20. “The best and most beautiful things in the world cannot be seen or even touched – they must be felt with the heart.” – Helen Keller

21. “He who is brave is free.” – Lucius Annaeus Seneca

22. “When something is important enough, you do it even if the odds are not in your favor.” – Elon Musk

23. “I choose a block of marble and chop off whatever I don’t need.” – Auguste Rodin

24. “Hope is the only bee that makes honey without flowers.” – Robert Green Ingersoll

25. “He who knows that enough is enough will always have enough.” – Lao Tzu

26. “Plans to protect air and water, wilderness and wildlife are in fact plans to protect man.” – Stewart Udall

27. “In order to carry a positive action we must develop here a positive vision.” – Dalai Lama

28. “A hero is someone who understands the responsibility that comes with his freedom.” – Bob Dylan
29. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
30. “If we give something positive to others, it will return to us. If we give negative, that negativity will be returned.” – Allu Arjun
31. “A good plan violently executed now is better than a perfect plan executed next week.” ~ George S. Patton
32. “You must do the things you think you cannot do.”- Eleanor Roosevelt
33. “Success is dependent on effort.” – Sophocles
34. “Nobody who ever gave his best regretted it.” – George Halas
35. “Lots of people want to ride with you in the limo, but what you want is someone who will take the bus with you when the limo breaks down.” ~ Oprah Winfrey
36. “And when I breathed, my breath was lightning.” – Black Elk
37. “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
38. “You are the sum total of everything you’ve ever seen, heard, eaten, smelled, been told, forgot – it’s all there. Everything influences each of us, and because of that I try to make sure that my experiences are positive.” – Maya Angelou
39. “If you want a guarantee, buy a toaster.” – Clint Eastwood
40. “We are an impossibility in an impossible universe.” – Ray Bradbury
41. “If you think in terms of a year, plant a seed; if in terms of ten years, plant trees; if in terms of 100 years, teach the people.” – Confucius
42. “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
43. “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
44. “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
45. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
46. Surprise is the greatest gift which life can grant us.” –  Boris Pasternak
47. “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran 
48. “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
49. “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
50. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –  Colin Powell
51. “There is more to life than increasing its speed.” – Mahatma Gandhi
52. “Your attitude is like a box of crayons that color your world. Constantly color your picture gray, and your picture will always be bleak. Try adding some bright colors to the picture by including humor, and your picture begins to lighten up.” – Allen Klein
53. “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
54. “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
55. “In matters of truth and justice, there is no difference between large and small problems, for issues concerning the treatment of people are all the same.” – Albert Einstein
56. “Life is too short for long-term grudges.” – Elon Musk
57. “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
58. “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
59. “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
60. “Ours is a world of nuclear giants and ethical infants. We know more about war that we know about peace, more about killing that we know about living.” – Omar N. Bradley
61. “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
62. “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
63. “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
64. “Let there be work, bread, water and salt for all.” – Nelson Mandela
65. “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
66. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
67. “I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones.” – Albert Einstein
68. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
69. “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
70. “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
71. “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
72. “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
73. “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
74. “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
75. “Delete the negative; accentuate the positive!” – Donna Karan
76. “It’s crazy how fast time flies and how things progress.” – Nathan Chen
77. “The world is a dangerous place to live; not because of the people who are evil, but because of the people who don’t do anything about it.” – Albert Einstein
78. “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
79. “Everything has beauty, but not everyone sees it.” – Confucius
80. “A man must be big enough to admit his mistakes, smart enough to profit from them, and strong enough to correct them.” – John C. Maxwell
81. “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
82. “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
83. “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
84. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
85. “I like to encourage people to realize that any action is a good action if it’s proactive and there is positive intent behind it.” – Michael J. Fox
86. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
87. “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
88. “Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.” – Andrew Ross Sorkin
89. “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
90. “No matter what you’re going through, there’s a light at the end of the tunnel and it may seem hard to get to it but you can do it and just keep working towards it and you’ll find the positive side of things.” – Demi Lovato
91. “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
92. “Educating our children and giving them the skills they need to compete in a global economy is a smart investment in our country’s future.” – Sheldon Whitehouse
93. “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
94. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
95. “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
96. “The sofa is a really important investment for anybody, and I don’t mean financially. You need to find a really great sofa that can transition with you, and you can build from there.” – Jeremiah Brent
97. “There is no investment you can make which will pay you so well as the effort to scatter sunshine and good cheer through your establishment.” – Orison Swett Marden
98. “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
99. “There is little that can withstand a man who can conquer himself.” – Louis XIV
100. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
101. “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
102. “The advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life.” – Bill Gates
103. “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese 
104. “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
105. “Never do anything against conscience even if the state demands it.”– Albert Einstein
106. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
107. “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
108. “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
109. “A successful society is characterized by a rising living standard for its population, increasing investment in factories and basic infrastructure, and the generation of additional surplus, which is invested in generating new discoveries in science and technology.” – Robert Trout
110. “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
111. “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
112. “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
113. “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
114. “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch 
115. “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
116. “The secret of getting ahead is getting started.” – Mark Twain
117. “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe