Markets Swing Higher After Early Week Debt Fears – $AAPL $CRM $F $INMB $TSLA See Weekly Gains

Happy Weekend All!

I hope that you you all had a great week and that the markets treated you handsomely.  As for the markets, it was over an overall positive week after an early week, Monday, scare or sell off that coincided with another negative China-related story. In this case, the culprit was the 2nd largest property developer in China, with +$300 billion in liabilities, which was apparently at risk of defaulting as it reportedly has interest payments due that it may have not be able to meet related to +$7B that is due in 2022. The fear was that China or some other source would not step in and it could have a contagion-like effect on the worldwide debt and equity markets if allowed to default. It turned out that a private concern stepped in with at least some stop gap financing and the fear overall was further dispelled as just a China related risk, not the entire world. Seems like we have seen this overreaction time and time again and it amazingly has been generated out of the fear of or misunderstanding of China.  The other risk-related headline that continued to surface this week was surrounding the US debt ceiling and the Washington gridlock and/or showdown that our good ole politicians continue to wrestle over, but hopefully will resolve soon. For those of you who do not know, the US debt ceiling or debt limit is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury, thus limiting how much money the federal government may borrow. The debt ceiling is an aggregate figure that applies to the gross debt, which includes debt in the hands of the public and in intra-government accounts. About 0.5% of debt is not covered by the ceiling. Because expenditures are authorized by separate legislation, the debt ceiling does not directly limit government deficits. In effect, it can only restrain the Treasury from paying for expenditures and other financial obligations after the limit has been reached, but which have already been approved and appropriated. Towards the end of the week it was being suggested that Pelosi and Co. would be coming forward with an acceptable resolution regarding this issue too. Fingers crossed! 

At the end of the week, the S&P 500 closed higher at 4,455.48 (+.5%) & up 18.6% YTD, the Dow 30 closed at 34,798.00 (+.6%) & now is up 13.7% YTD, & the Nasdaq closed flat at 15,047.70 (0%) & is up 16.8% YTD. The small caps on the Russell 2000 notched a win too and closed at 2,248.07 (+.5%), up 13.8% YTD. The MicroCaps moved slightly lower gain this week as the iShares Micro-Cap ETF (IWC) closed at $146.10, -.37% for the week & is up 23.14% YTD.

9 of the 11 sector closed in the green this week with the cyclical sectors bouncing back. The energy sector moved up +4.7% as oil prices moved up +2.7% to close at $73.94 up a ridiculous +52.4% YTD. The financials also moved up +2.2%.  The 2 sectors that closed lower included the real estate sector that fell 1.5% & the utilities that lost 1.2%.

MACRO REPORTS – YIELDS 

Many more macroeconomic reports surfaced again this week as the Fed confirmed that interest rates and asset purchasing would stay in place until employment numbers improved. The employment picture actually worsened this week on Thursday as the initial claims report for the week ending September 18 confirmed a rise by 16k to 351k & continuing claims for the week ending September 11 came in with a rise by 131k to 2.845M further confirming the Fed’s stance that we are not out of the woods just yet. The Conference Board’s Leading Economic Index (LEI) report also confirmed a rise of .9% in August, the preliminary September Markit Manufacturing PMI report confirmed a drop to 60.5, & the preliminary Markit Services PMI fell to 54.4. On Monday, the macroeconomic schedule delivered the NAHB Housing Market Index report, which confirmed a monthly rise by a point to 76 in September. On Tuesday, the total housing starts rose 3.9% M/M in August to a seasonally adjusted annual rate of 1.615M. Housing permits jumped 6% to a seasonally adjusted annual rate of 1.728M. The current Q2 account deficit clocked in at $190.3B, while the Q1 deficit was downwardly revised to $189.4B.
On Wednesday, the existing home sales report confirmed a drop by 2% M/M in August to a seasonally adjusted annual rate of 5.88M , while total sales in August decreased by 1.5% Y/Y. The weekly MBA Mortgage Applications Index report confirmed a 4.9% increase. On Friday, the new home sales report confirmed a rise by 1.5% M/M to a seasonally adjusted annual rate of 740k.

The yield curve moved higher this week as the 10-yr yield ended up 9 basis points wk/wk to close at 1.46%, while the 2-yr moved up 6 basis points wk/wk closing at .27%. The U.S. Dollar Index closed at 93.28.

Next week, the macroeconomic schedule will serve the Durable Goods Orders report for August.

STORIES YOU MAY HAVE MISSED

Walgreens Raising Bonuses & Rewards For Pharmacists To Retain During Acute Labor Shortage

JP Morgan Enters British Market With Launch Of Digital Retail Bank Chase

Visa Releases Shipt, Skillshare, Sofar Sounds Benefits For U.S. Consumer Credit Cardholders

Walmart To Begin Testing Autonomous Vehicle Delivery Service In 3 Cities

Goldman Acquiring Fintech Firm GreenSky For $2.24B

FAANG’s END MIXED 

The FAANG’s weekly returns were as follows: Apple (AAPL) closed at $146.92, +.59%, Amazon (AMZN) closed at $3,1425.52, -1.07% for the week, Alphabet (GOOG) closed at $2,852.66, +.83% for the week, Facebook (FB) closed at $352.96, -3.22% this week & Netflix (NFLX) closed at $592.39/share, +.52%. The MicroSectors FANG+ Index 3X Leveraged ETN (FNGU), which offers 3x leveraged exposure to an index of “FANG” companies, and other companies that exhibit similar characteristics, closed at $36.65, -2.01% for the week. 

EV- TECH 

Leading EV car maker Tesla (TSLA) moved higher to close at $774.39, +1.96% for the week. According to Reuters, Tesla Inc (TSLA.O) CEO Elon Musk said on Friday that thanks to new semiconductor plants that are planned or under construction, the global chip shortage that has pummelled the car industry this year should be short term in nature. Asked how long he thought the global chip shortage would affect vehicle production, Musk said: “short term I think”.”There’s a lot of chip fabrication plants that are being built,” Musk said during a joint session with Stellantis (STLA.MI) and Ferrari (RACE.MI) Chairman John Elkann, at Italian Tech Week.

Shares of Ford Motor Co. (F) moved higher to close at $13.78, +1.70% for the week. On September 22, Ford and Redwood Materials announced they are working together to build out battery recycling and a domestic battery supply chain for electric vehicles. Ford and Redwood’s goal is to make electric vehicles more sustainable, drive down the cost for batteries, and ultimately help make electric vehicles accessible and affordable for more Americans.

Microsoft (MSFT) closed at $299.35, -.17% for the week. On September 14th, Microsoft Corp. announced that its board of directors declared a quarterly dividend of $0.62 per share, reflecting a 6 cent or 11% increase over the previous quarter’s dividend. The dividend is payable Dec. 9, 2021, to shareholders of record on Nov. 18, 2021. The ex-dividend date will be Nov. 17, 2021. The board of directors also approved a new share repurchase program authorizing up to $60 billion in share repurchases.

Dow 30 component and global leader in CRM, salesforce.com (CRM), closed at $285.63 jumping a monster +9.63% this week and now at a 279.63B valuation. This positive move came after salesforce offerer the following revision to its Fiscal Year 2022 revenue guidance and initiation of Fiscal Year 2023 guidance as of Sept. 23, 2021: Raises FY22 revenue guidance to a range of $26.25 billion to $26.35 billion, Initiates FY23 revenue guidance of $31.65 billion to $31.80 billion, & Initiates FY23 GAAP operating margin guidance of 3.0% to 3.5% and non-GAAP operating margin guidance of 20.0%.

According to Reuters, General Electric (GE, $103.80) announced a $1.45B cash deal for the acquisition of an ultrasound company called BK Medical believed to bolster its medical imaging business.

NVIDIA Corporation cooled and closed $220.81, +.83% for the week. 

Cathie Wood’s ARK Innovation ETF (ARKK) closed at $117.13, -3.6% for the week.

The Technology Select Sector SPDR Fund (XLK) closed at $156.71, +.02% for the week.

DISNEY

Disney (DIS) closed at $176, -4.07% for the week.  

BIOTECH DROPS – CYTOVIA EYES IPO!

 The Nasdaq Biotechnology ETF (IBB) closed at $179.49, -1.8% for the week, & is up 12.54% this year. The NYSE ARCA Biotech Index (^BTK) closed at 5909.03, -.77% for the week and is up +2.96% YTD. In concert this week, the SPDR S&P Biotech ETF (XBI) closed at $130.37, -1.89% down 1.89% for the week and is off 7.39% for the year. The XBI’s 52-wk range is $100.64-$174.79.

One our portfolio companies in the biotech sector, privately owned Cytovia Therapeutics, Inc. , a biopharmaceutical company developing allogeneic “off-the-shelf” gene-edited iNK and CAR (Chimeric Antigen Receptor)-iNK cells derived from induced pluripotent stem cells (iPSCs) and NK cell engager multifunctional antibodies, and CytoLynx Therapeutics (“CytoLynx), its newly-formed China-focused joint venture, announced recently that they have closed $45 million from institutional investors to finance the IND enabling and initial clinical development of their pipeline. Cytovia’s management is currently targeting to go public in early-mid 2022. 

Note that, Cytovia and TF Capital, a leading China-based biotech institutional investor, have formed CytoLynx Therapeutics. TF Capital along with YF Capital, BioTrack Capital, Ruihua Capital, and TG Sino-Dragon Fund (backed by TigerMed) have invested $45 million to support the new venture, as well as Cytovia research and development projects. The collaboration agreements between CytoLynx and Cytovia will advance multiple NK therapeutics through product development in the Greater China region. Additionally, CytoLynx obtained a technology license from Cytovia based on its core technologies to allow in-China development of additional NK therapeutics for global commercialization. Cytovia is eligible to receive up to $400 million in upfront development and commercial milestones under the agreement.

The bankers from the largest IBanks are now circling their wagons and the valuation estimates are swelling as they consider swiftly moving forward with a Series C round with the who’s who in the world of institutional biotech investors and then pushing towards and IPO!

GOLD & SILVER

Gold prices close at $1,752 & silver prices closed lower at $22.43.

MEMES REPORT

AMC Entertainment (AMC), closed at $40.01, -9.48% for the week & GameStop (GME) closed at $185.16, -9.66% for the week. 

Virgin Galactic Holdings (SPCE) closed at $25.04, -5.22% for the week. On September 23, SPCE, a vertically integrated aerospace and space travel company, announced that veteran human resources executive Aparna Chitale will join the company as its Chief People Officer (CPO) on September 30, 2021. Chitale brings over 20 years of strategic experience at multi-national organizations, where she has scaled and led global teams at both public and privately held companies. Most recently, she served as Vice President of Human Resources at Disney Parks Experiences and Products.

Infamous ‘meme brokerage’ firm Robinhood Markets, Inc., (HOOD) moved higher this week closing at $44.91, +5.97% for the week & still higher then IPO shares which were sold at $38 this year! 

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP) closed at $1.42, down 4.7% for the week. SHIO is the ‘only pure-play Capesize ship-owner publicly listed in the US’, recently announced that its Board of Directors has authorized a share repurchase plan. Under the Plan, the Company may repurchase up to $17 million of its outstanding common shares, representing approximately 10% of the Company’s market capitalization as of August 10, 2021.

Bitcoin

Bitcoin $BTC.X closed at $43,023.28 after China bowed out of the cryptocurrency arena declaring cryptocurrency transactions illegal this week. 

NEXT WEEK

The markets will enjoy another normal 5-day trading week during the 3rd week of August. 

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

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

36. “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
37. “In every investment, before I get involved or invest, I always see what the mindset of the founder, the CEO, is.” – Zaza Pachulia
38. “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
39. “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
40. “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
41. “To be yourself in a world that is constantly trying to make you something else is the greatest accomplishment.” – Ralph Waldo Emerson
42. “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
43. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward- American Writer, Born 1921
44. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
45. “The secret of your future is hidden in your daily routine.” – Mike Murdock
46.  “If somebody puts you down or criticizes you, just keep on believing in yourself and turn it into something positive.” – Leah LaBelle
47. “Opportunity is missed by most people because it is dressed in overalls and looks like work”. -Thomas A. Edison
48. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey

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

50. “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
51. “Success is not final, failure is not fatal: it is the courage to continue that counts.” – Winston Churchill

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

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

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

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

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

57. “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

58. “What lies behind you and what lies in front of you, pales in comparison to what lies inside of you.” – Ralph Waldo Emerson
59. “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
60. “Life is 10% what happens to you and 90% how you react to it.” – Charles R. Swindoll
61. “The truth is you don’t know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.” – Eminem

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

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

64. “If you don’t know where you are going, any road will get you there.” – Lewis Carroll
65. “Once you replace negative thoughts with positive ones, you’ll start having positive results.” – Willie Nelson
66. “That which does not kill us makes us stronger.” – Friedrich Nietzsche
67. “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
68. “A problem is a chance for you to do your best.”–  Duke Ellington
69. “The best way to predict the future is to create it.” -Peter Drucker
70. “I’m involved in the stock market, which is fun and, sometimes, very painful.” – Regis Philbin
71. “Who owns the future? This is the question at the heart of every stock market.” – John Landgraf
72. “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
73. “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
74. “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
75. “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
76. “The only way to have a friend is to be one.” –  Ralph Waldo Emerson
77. “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

78. “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

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

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

81. “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world.” – Archimedes
82. “Who controls the past controls the future. Who controls the present controls the past.” – George Orwell
83. “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
84. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” – William Arthur Ward
85. “Start where you are. Use what you have. Do what you can.” – Arthur Ashe
86. “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

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

88. “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
89. “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

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

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

92. “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

93. “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
94. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
95. “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
96. “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
97. “Historically, there has been a bull market in the commodities every 20 or 30 years.” – Jim Rogers
98. “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
99. “Stop trying to predict the direction of the stock market, the economy or the elections.” – Warren Buffett
100. “An important key to investing is to remember that stocks are not lottery tickets.” – Peter Lynch
101. “Learn everyday, but especially from the experiences of others. It’s cheaper!” – John Bogle
102. “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
103. “No stock price is too low for bears or too high for bulls.” – John F. Heerdink, Jr.

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

105. “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

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

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

122. “Fear incites human action far more urgently than does the impressive weight of historical evidence.”
     -Jeremy Siegel
123. “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
124. “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

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

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

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