Gridlock Surfaces, CPI Falls Fueling Stocks Weekly Ascent – $AAPL $ADT $AMC $FATE $INM $INVO $XBI Rise!

Happy Saturday All!

I hope all is well and that you are having a great Veterans Day weekend.  As for the markets this week, investors overall realized yet another reversal, this time resulting in a decidedly positive rebound. With a number of macroeconomic reports that hit the presses this week, including Thursday’s CPI/inflation report that came in as expected and below the last monthly reading at up 7.7% YOY vs. the month before’s reading at 8.2%, the market began to believe the Fed might be altering their course of interest rate raises in their fight against inflation as it showed signs of waning. Indeed, last week’s understanding that the Fed is moving interest rates towards a peak fund rate between 5-5.3% by March 2023, seemed to be in question. Adding to the bullish understanding was also the U.S. political system is effectively been thrown into a political deadlock and tax & spending increases would be at least be put on hold for the foreseeable future after this week’s midterms. In reaction the yield curve ended the week pulling back significantly with the 2-yr note yield diving 32 basis points to close at 4.31% & the 10-yr note yield chunked down 31 basis points to end back below 4% at 3.84%. Oil prices also closed at $88.96/bbl, down 3.9% this week placing a few bucks back into households to spend elsewhere. The US dollar also dropped significantly this week as it moved down from last Friday’s close of $110.79 to $106.42 and will be making multinationals’ products more attractive and affordable and should increase their collective bottom lines. 

As all factors set into investors minds, the markets roared back on Thursday and then followed though on Friday after the selling off period that had proceeded it Monday thru Wednesday. The S&P 500 closed at 3,992.93 up 5.9% for the week, and is now down 16.2% YTD. All 11 sectors close in the green this week led by the weekly 10% gain in the information technology sector. The 6.82% weighting of Apple (AAPL) shares, which closed at $149.70 up 8.18% over the last 5-days experiencing one its worst performing performing week’s last week when it was off +11% was a large help. Microsoft Corp. (MSFT) also closed at $247.11,  up an amazing 11.62% to provide additional strength. The communication services jumped 9.2%, the materials sector added 7.7%, & real estate moved up 7.1% to round out the top four this week. The Dow 30 closed higher at 33,747.86 and up 4.1% for the week and is now  only down on 7.1% YTD. However, the recently beaten down Nasdaq had an amazing week and closed at 11,323.33 jumping a meaty 8.1% weekly gliding up, at least in part, on the wings of Amazon.com, Inc. (NASDAQ: AMZN) that closed $100.79, +10.78% over the last 5-days. Note the Nasdaq is still down a whopping 27.6% YTD. In line with the positive reversal, the CBOE Volatility Index (^VIX) closed at $22.52, 8.27% over the last 5-days and remains up +30.78% YTD. The small caps on the Russell 2000 also rose this week and closed at 1,882.74 up 4.6% for the week & is now down 16.1% YTD. The MicroCaps joined the party to a degree this week as the iShares Micro-Cap ETF (IWC) closed at $114.19, up 3.29% over the last 5-days and is now down 18.28% YTD. 

The yield curve ended the week pulling back significantly with the 2-yr note yield diving 32 basis points to close at 4.31% & the 10-yr note yield chunked down 31 basis points to end back below 4% at 3.84%. Oil prices closed on Friday to end at $88.96/bbl, down 3.9% this week. The US dollar dropped significantly this week as it moved down from last Friday’s close of $110.79 to $106.42.

THE MAC REPORTS

Biotech stocks moved overall significantly higher this week. The Nasdaq Biotechnology ETF (IBB) moved up and closed at $134.25, +4.60% over the last 5-days, & is down -12.04% YTD. The NYSE ARCA Biotech Index (^BTK) closed at 5,224.99, +5.97% over the last 5-days and is now down only 5.32% YTD. The SPDR S&P Biotech ETF (XBI) closed at $84.76, +6% over the last 5-days & is now down 24.29% YTD. The 52-week range is is now $61.78-$127.16.

The iShares U.S. Healthcare ETF (IYH) closed at $277.51, +2.21% over the last 5-days. 

EV, TECH, CONSUMER, FINANCIALS

Apple (AAPL) closed at $149.70, +8.18% over the last 5-days. Apple represents a 6.82% weighting in the S&P 500. On Nov. 9, according to Reuters, Apple & Amazon.com (AMZN) were accused in an antitrust lawsuit on Wednesday of conspiring to drive up iPhone and iPad prices by removing nearly all other resellers of new Apple products from Amazon’s website.

Recently, Apple reported its fiscal Q4 earnings confirming record revenue, but missed Wall Street’s expectations with regard to iPhone & their services segment.  

EV giant Tesla (TSLA) closed at $195.97, -5.54% over the last 5-days. Elon Musk, CEO of Tesla sold more stock on Friday, Monday, & Tuesday for a total of ~19.5M shares worth ~$3.95B. We all need to pay our bills, right?

On Nov. 8, Tesla released a firmware update to address the voluntary recall of about 40,000 2017-2021 Model S and Model X vehicles over an issue that could have led to a loss of power-steering assistance in certain situations. 

 

 

Shares of ADT Inc. (ADT), the most trusted brand in smart home and small business security, closed at $9.15, +7.77% 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 $135.30, +3.54% over the last 5-days. On November 11, J.P. Morgan announced plans for a new office in Athens, Greece, to support the organic growth of its businesses in the country. The office will also house a new Payments Innovation Lab for which the firm will be hiring a payments research and development team locally.

Shares of Amazon.com, Inc. (NASDAQ: AMZN) closed $100.79, +10.78% over the last 5-days. On November 9, Amazon.com announced the identification and disruption of three counterfeiting operations in China thanks to local Public Security Bureaus (PSB) and intel provided by Amazon’s Counterfeit Crimes Unit (CCU). Law enforcement seized more than 240,000 counterfeit items in the Guangdong and Jiangxi provinces. The items were imitations of luxury, sports, and automotive brands. The seizure prevented the fake products from reaching Amazon customers or being sold elsewhere in the supply chain. These seizures of counterfeit goods based on intelligence from Amazon follow similar actions by law enforcement in England and the U.S. that took place in California and New Jersey.

Shares of Microsoft Corp. (MSFT) closed at $247.11, +11.62% over the last 5-days. On Nov. 3, Raytheon Technologies announced that it is deepening its collaboration with Microsoft to equip the aerospace and defense company’s employees with cloud-based tools, technologies, and platforms to enhance collaboration, optimize operations and unlock intelligent insights that drive greater value for customers. The effort includes co-development of capabilities, as well as Raytheon Technologies’ use of existing or modified versions of popular Microsoft solutions such as Microsoft Teams. It is part of the company’s strategy to optimize operations and give employees access to standardized digital tools globally. Last week, Microsoft, reported its fiscal Q1 results beating expectations, but offered lower guidance. Microsoft highlighted that its cloud-computing services provided strength, but then its Azure infrastructure business increased at a slower than expected rate.

Shares of Salesforce, Inc. (CRM) closed at $157.73, +12.85% over the last five days. Salesforce,the global leader in CRM, announced that its third quarter fiscal year 2023 results will be released on Wednesday, Nov. 30, 2022, after the close of the market. The company will host a conference call at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results with the investment community. A live webcast and replay of the event will be available on the Salesforce Investor Relations website at www.salesforce.com/investor.

Shares of NVIDIA (NVDA), a pioneer in accelerated computing, closed at $163.27, +15.34% over the last 5-days. NVIDIA will host a conference call on Wednesday, November 16, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the third quarter of fiscal year 2023, which ended October 30, 2022. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company’s prepared remarks will be followed by a question-and-answer session, which will be limited to questions from financial analysts and institutional investors. On Oct. 18, Oracle and NVIDIA announced a multi-year partnership to help customers solve business challenges with accelerated computing and AI. The collaboration aims to bring the full NVIDIA accelerated computing stack — from GPUs to systems to software — to Oracle Cloud Infrastructure (OCI).

Cathie Wood’s ARK Innovation ETF (ARKK) closed at $40.40,+14.71% over the last 5-days. 

The Technology Select Sector SPDR Fund (XLK) closed at $134.14, +10.04% over the last 5-days.

Walt Disney Company (DIS) closed at $95.01, -4.59% over the last 5-days. On Nov. 8, Disney reported quarterly results and missed analysts’ EPS & revenue expectations, while their streaming segment, Disney+, added more subscribers their cost increased.

Shares of McDonald’s (MCD) closed at $271.39, -1.18% over the last 5-days. 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 $1,775/oz., +$90/oz. & silver prices closed at $21.79/oz., +$.90/oz. for the week.

Hecla Mining (HL) closed at $4.94, +3.78% over the last 5-days & First Majestic (AG) closed at $9.48, +5.80% over the last 5-days. 

On Nov. 1, First Majestic Silver Corp. announced positive drilling results from its ongoing exploration program at the Jerritt Canyon Gold Mine located in Elko County, Nevada. The 2022 drilling campaign at Jerritt Canyon consists of short-term focused underground core drilling testing extensions of known ore controls near active mining; mid-term focused drilling planned to validate/test the presence of mineralized volumes near historic workings; and long-term focused drilling aiming to make new gold discoveries in the district.

On Sept. 7,  Hecla Mining Company and Alexco Resource Corp. (NYSE American: AXU; TSX:AXU) announced that the Alexco acquisition has been completed.

MEMES CENTRAL

AMC Entertainment (AMC) closed at $7.20, +27.43% over the last 5-days. On Nov. 8, AMC reported results for the third quarter ended September 30, 2022. Total revenues grew to $968.4 million compared to $763.2 million for the third quarter of 2021

GameStop (GME) closed at $26.10, -1.55% over the last 5-days as the shorts won this week. Note that approx. 20% of GME’s outstanding shares are sold short landing it with a short interest ratio of 7.6. On October 31, GameStop Corp. announced the official launch of the GameStop NFT Marketplace with ImmutableX Pty Limited, which unlocks access to web3 games and millions of world-class, NFT gaming assets to tens of millions of GameStop players and GameStop Powerup Pro loyalty customers across the United States.

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) closed at $.4788, -.25% over the last 5-days. On Oct. 13, Seanergy announced the closing of its previously announced $28.0 million term loan secured by two 2010-built Capesize vessels, M/V Fellowship and M/V Premiership, with a prominent European financing institution. The facility has refinanced an existing facility at an interest rate is 2.50% plus SOFR per annum compared to 3.50% plus LIBOR in the previous facility secured by the same vessels. The $28 million principal will amortize over a five-year term through quarterly instalments averaging approximately $1.2 million and a $4.1 million final balloon payment at maturity.

CRYPTO & BITCOIN

Bitcoin (BTC) closed sharply below the 20k mark at $16,868.26, -18.13% over the last 5-days at the time this report was prepared. 

ENERGY

The Energy Select Sector SPDR Fund or ETF (XLE) closed at $93.13, +1.87% over the last 5-days. Chevron (CVX) closed at $186.46, +1.66% over the last 5-days. Warren Buffet’s pick in the space, Occidental Petroleum (OXY) closed at $74.33, +1.45% over the last 5-days.

Oil prices closed on Friday to end at $88.96/bbl, down 3.9% this week.

NEXT WEEK

A full set of 5 trading days will be back in play next week… Expect and embrace volatility as usual. 

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, please see the summaries  from the VP Watchlist below:

Shares of InMed Pharmaceuticals Inc. (INM), a leader in the research, development and manufacturing of rare cannabinoids, closed at $3, up 20% over the last 5-days.

• InMed announced  that InMed’s CEO Eric A. Adams and Eric Hsu, SVP of Preclinical Research and Development will present at Tribe Public’s Webinar Presentation and Q&A Event titled “Exploring the Neuroprotective Qualities of Rare Cannabinoids.” The Event is scheduled to begin at 8.30am Pacific/11.30am Eastern on November 17, 2022. To register to join the complimentary, ZOOM webinar-based event, please visit Tribe Public LLC at INMNOV17.TribePublic.com. Once registered, participants may begin forwarding their questions for InMed’s management to Tribe Public at research@tribepublic.com or share their questions via the ZOOM chat feature during the event. Tribe Public’s Managing Member, John F. Heerdink, Jr., will host the event and relay all questions to management.

• On Oct. 26, InMed announced that it is supporting initiatives to raise awareness of epidermolysis bullosa, a group of rare genetic connective tissue disorders. Epidermolysis Bullosa Global Awareness Week is October 25-31, 2022.

• Alexandra Mancini, Senior Vice President of Clinical and Regulatory Affairs for InMed commented, “In severe cases of epidermolysis bullosa, or EB, the very fragile skin tears easily and forms painful blisters and open wounds that do not heal quickly. EB is a very important but rare disease that does not get the attention it deserves. EB Awareness Week is an opportunity for the community to come together to raise awareness about epidermolysis bullosa to foster the necessary research and resources to work towards better treatments and, eventually, a cure to improve the lives of those with EB. InMed has undertaken a Phase 2 study in patients with EB in the hope that its cannabinol cream will provide important symptom benefit.”

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

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

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

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

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

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

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

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

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

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

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

14. “Without labor nothing prospers.” – Sophocles

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

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

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

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

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

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

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

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

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

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

25. “A hero is someone who understands the responsibility that comes with his freedom.” – Bob Dylan
26. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
27. “If we give something positive to others, it will return to us. If we give negative, that negativity will be returned.” – Allu Arjun
28. “A good plan violently executed now is better than a perfect plan executed next week.” ~ George S. Patton
29. “You must do the things you think you cannot do.”- Eleanor Roosevelt
30. “Success is dependent on effort.” – Sophocles
31. “Nobody who ever gave his best regretted it.” – George Halas
32. “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
33. “And when I breathed, my breath was lightning.” – Black Elk
34. “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
35. “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
36. “If you want a guarantee, buy a toaster.” – Clint Eastwood
37. “We are an impossibility in an impossible universe.” – Ray Bradbury
38. “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
39. “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
40. “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
41. “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
42. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
43. Surprise is the greatest gift which life can grant us.” –  Boris Pasternak
44. “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran 
45. “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
46. “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
47. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –  Colin Powell
48. “There is more to life than increasing its speed.” – Mahatma Gandhi
49. “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
50. “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
51. “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
52. “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
53. “Life is too short for long-term grudges.” – Elon Musk
54. “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
55. “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
56. “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
57. “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
58. “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
59. “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
60. “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
61. “Let there be work, bread, water and salt for all.” – Nelson Mandela
62. “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
63. “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
64. “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
65. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
66. “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
67. “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
68. “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
69. “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
70. “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
71. “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
72. “Delete the negative; accentuate the positive!” – Donna Karan
73. “It’s crazy how fast time flies and how things progress.” – Nathan Chen
74. “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
75. “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
76. “Everything has beauty, but not everyone sees it.” – Confucius
77. “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
78. “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
79. “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
80. “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
81. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
82. “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
83. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
84. “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
85. “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
86. “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
87. “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
88. “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
89. “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
90. “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
91. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
92. “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
93. “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
94. “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
95. “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
96. “There is little that can withstand a man who can conquer himself.” – Louis XIV
97. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
98. “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
99. “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
100. “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese 
101. “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
102. “Never do anything against conscience even if the state demands it.”– Albert Einstein
103. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
104. “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
105. “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
106. “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
107. “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
108. “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
109. “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
110. “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
111. “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch 
112. “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
113. “The secret of getting ahead is getting started.” – Mark Twain
114. “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe