Rates Jump, Stocks Pull Back To Clock In Worst Week of 2023 – $CVX $INVO $HSAI $MSFT $NVDA $OXY $TSLA Rise!

Happy Saturday!

I hope that a wonderful week wherever it landed you and that you managed to make your fair share of profits in the stock market.

This weekend, I am looking forward to enjoying SuperBowl LVII with family and friends like so many others on this planet and am hoping to seeing an entertaining game between the Kansas Chiefs and the Philadelphia Eagles. Thanks for your replies letting me know who you believe will win the game. Our informal Vista poll currently has the Chiefs winning!  If you have not done so, please consider letting me know who you believe will win tomorrow’s game. 

As for the broad markets this week, investors, in general, were treated with a rather rude awakening after the recent overwhelmingly positive “January Effect’ and beginning of February run-up as the markets experienced the worst week of 2023.  Contributing to this decline the macroeconomic schedule offered a number of reports that left investors with the understanding that the Fed’s push to raise interest rates is not quite over and their risk appetite somewhat disappeared. On Tuesday, the December Trade Balance report came in at -$67.4B giving further evidence of a global slowdown. The Consumer credit report also confirmed a $11.6B rise in November. On Wednesday, the Weekly MBA Mortgage Applications Index report came in at 7.4%, while the December Wholesale Inventories report came in at .1%. On Thursday, the Initial claims report for the week ending February 4 that confirmed a 13k rise to 196k, while the Continuing jobless claims report for the week rose by 38k to 1.688M, but overall the jobs market remains tight. On Friday, the Preliminary February University of Michigan Consumer Sentiment Report came in at 66.4 & the Treasury Budget for January confirmed a $38.8B deficit. Key reports coming next week include Tuesday’s CPI inflation data and the retail sales growth report.

As a result, the yield curve jumped higher this week, with the 2-yr note yield moving up 22 basis points to close at 4.51% & the 10-yr note yield closed up 21 basis points at 3.74%. The U.S. Dollar Index moved up again this week from last Friday’s close of 102.99 to 103.58. 

At the end of the week, the S&P 500 closed at 4,090.46 (-1.1%) for the week and is now up 6.5% YTD. Only 1 of the 11 sectors closed in the green as the energy sector jumped 5% as oil prices rebounded from last week’s 8.1% drop to close at $79.79/bbl jumping 8.7% over the last 5-days and is down .6% YTD. The move came in concert with our good ole’ buddies in Russia threatening to cut production by 500k barrels/day in March as they are not happy with international sanctions. On the red side, the communication services took largest hit falling 6.6%. The 6.82% weighting of the shares of Apple (AAPL) helped push the markets lower this week as it closed at $151.01, -2.26% over the last 5-days. However, the shares of EV giant Tesla (TSLA) provided significant strength this week as it closed at $196.89, +3.64% over the last 5-days despite Friday’s 5.03% decline and remains up 59.84% YTD. A government report surfaced this week  that concluded a fatal Tesla car crash in 2021 was not caused by Tesla’s advanced driver-assistance features, but unfortunately do to driving to fast. Tesla’s CEO Elon Musk also made it widely known that he was going to share his ‘Master Plan part 3’ at the upcoming March 1 Investor Day that will be held at his Gigafactory in Texas =, which got many excited.

The Dow 30 slipped to close at 33,869.20 (-.2%) and is now up +2.2% YTD.  The Walt Disney Company (DIS) closed at $108.06, down 2.39% over the last 5-days, but gladly ended its highly active and publicized proxy battle with Trian’s Billionaire Nelson Peltz who stated “Now Disney plans to do everything we wanted them to do. We wish the very best to Bob, this management team and the board. We will be watching. We will be rooting.” This move came a day after Disney reported earnings for its first quarter ended December 31, 2022, highlighting revenues for the quarter grew 8%, diluted earnings per share (EPS) from continuing operations for the quarter increased to $.70 from $0.63 in the prior-year quarter. Robert A. Iger, CEO of Disney Company stated, “After a solid first quarter, we are embarking on a significant transformation, one that will maximize the potential of our world-class creative teams and our unparalleled brands and franchises. We believe the work we are doing to reshape our company around creativity, while reducing expenses, will lead to sustained growth and profitability for our streaming business, better position us to weather future disruption and global economic challenges, and deliver value for our shareholders.” Disney also confirmed that it plans to cut 7k jobs & eliminate $5.5B costs overall. Nike (NKE) closed at $122.23, down 4.22% over the last 5-days.

The Nasdaq cooled off after the mid-double digit run it enjoyed to start the year and closed the week at 11,718.10 (-2.4%) for the week and is up 12% YTD. However, the artificial intelligence (AI) theme and promotion was in full swing again. Shares of Microsoft Corp. (MSFT) closed at $263.10, +1.84% over the last 5-days. On Feb. 8, Adobe (Nasdaq:ADBE) and Microsoft announced that they have taken the next step in their commitment to transform the future of digital work and life by bringing Adobe Acrobat’s PDF capabilities to more than 1.4 billion Microsoft Windows users in Microsoft Edge. Recently, Microsoft raised its investment in OpenAI, ChatGPT’s San Francisco-based developer, and has committed another $10B in ChatGPT, the AI chatbot is reportedly on track to 100M monthly active users (MAUs). On Jan. 31, C3 AI (AI,$22.99 down 11.17% after the previous 5-days where it enjoyed a 45.64% jump), the Enterprise AI application software company, announced the launch of the C3 Generative AI Product Suite with the release of its first product — C3 Generative AI for Enterprise Search. C3 Generative AI for Enterprise Search provides enterprise users with a transformative user experience using a natural language interface to rapidly locate, retrieve, and present all relevant data across the entire corpus of an enterprise’s information systems. The C3 Generative AI Product Suite integrates the latest AI capabilities from organizations such as Open AI, Google, and academia, and the most advanced models, such as ChatGPT and GPT-3 into C3 AI’s enterprise AI products. The C3 Generative AI Product Suite embeds advanced transformer models with C3 AI’s pre-built AI applications accelerating customers’ ability to leverage these models across their value chains. C3 Generative AI will accelerate transformation efforts across business functions and industries, including supply chain, sustainability, reliability, CRM, ESG, aerospace, oil & gas, utilities, CPG, healthcare, financial services, and defense and intelligence. 

Another move in the markets came from Hesai Group (HSAI, $22.20, +5.36% Friday), a Chinese developer of sensor technologies used in self-driving cars, successfully raised $190m IPO or its initial public offering at $19/share and began trading on the Nasdaq valuing it at $2.4B on Thursday. This particularly interesting as there had not been a Chinese US IPO of this size since 2001 as US – China soured politics and trade relations had previously taken over. The IPO schedule in general is building again so hopefully we will see more coming to the market soon. 

The small caps on the Russell 2000 took a solid hit this week after last’s jump & closed at 1,918.81 (-3.4%) for the week & is now up +8.9 YTD. The MicroCaps also faltered widely this week as the iShares Micro-Cap ETF (IWC) closed at $117.29 down 3.63% this week & is now up 8.77% YTD.  

Biotech stocks retreated as well this week. On the larger side of things, the Nasdaq Biotechnology ETF (IBB) moved down and closed at $132.36, -3.10% and is up .89% YTD, the NYSE ARCA Biotech Index (^BTK) closed at 5,453.97, -2.60% over the last 5-days and is now up 3.27% YTD, & the SPDR S&P Biotech ETF (XBI) closed at $85.62, down 5.28% over the last 5-days & is now up 3.16% YTD. The 52-week range is is now $61.78-$97.19. The iShares U.S. Healthcare ETF (IYH) closed at $277.57,-.54% over the last 5-days and is now down 2.16% YTD. 

With the overall negative market swing in the broad markets, the CBOE Volatility Index (^VIX) and volatility lovers won handsomely as it closed at $20.53,  up 12% over the last 5-days and is now down 5.26% YTD.

FURTHER AFIELD 

Shares of JPMorgan (JPM) closed at $141.04, -.04% over the last 5-days. On Feb. 8, Chase announced that it intends to hire more than 500 small business bankers over the next two years as part of the firm’s ongoing efforts to expand small business relationships and increase access to credit, advice and education, while helping small business owners navigate current inflation and concerns of a recession.

Shares of Microsoft Corp. (MSFT) closed at $263.10, +1.84% over the last 5-days. On Feb. 8, Adobe (Nasdaq:ADBE) and Microsoft announced that they have taken the next step in their commitment to transform the future of digital work and life by bringing Adobe Acrobat’s PDF capabilities to more than 1.4 billion Microsoft Windows users in Microsoft Edge.

Recently, Microsoft raised its investment in OpenAI, ChatGPT’s San Francisco-based developer, and has committed another $10B in ChatGPT, the AI chatbot is reportedly on track to 100M monthly active users (MAUs).

On Jan. 31, C3 AI (NYSE: AI, at $22.99 down 11.17% after the previsous 5-days that saw 45.64% jump), the Enterprise AI application software company, announced last week the launch of the C3 Generative AI Product Suite with the release of its first product — C3 Generative AI for Enterprise Search. C3 Generative AI for Enterprise Search provides enterprise users with a transformative user experience using a natural language interface to rapidly locate, retrieve, and present all relevant data across the entire corpus of an enterprise’s information systems. The C3 Generative AI Product Suite integrates the latest AI capabilities from organizations such as Open AI, Google, and academia, and the most advanced models, such as ChatGPT and GPT-3 into C3 AI’s enterprise AI products. The C3 Generative AI Product Suite embeds advanced transformer models with C3 AI’s pre-built AI applications accelerating customers’ ability to leverage these models across their value chains. C3 Generative AI will accelerate transformation efforts across business functions and industries, including supply chain, sustainability, reliability, CRM, ESG, aerospace, oil & gas, utilities, CPG, healthcare, financial services, and defense and intelligence.

Shares of Intel (INTC) fell 8.31% to close at $30.32 over the last 5-days. On Feb 8, Intel issued “Intel Editorial: Unlocking the Potential of Generative AI” by Ilke Demir of Intel Corporation. It begins as follows: “Generative artificial intelligence (AI) describes the algorithms used to create new data that can resemble human-generated content, including audio, code, images, text, simulations and videos. This technology is trained with existing content and data, creating the potential for applications like natural language processing, computer vision, metaverse and speech synthesis. Generative AI is not new. It’s the tech that created voice assistants, infinitely evolving games, and chatbots…READ The balance of the piece it here.

Shares of NVIDIA (NVDA), a pioneer in accelerated computing, closed at $212.65, +.78% over the last 5-days. NVIDIA will host a conference call on Wednesday, February 22, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the fourth quarter and fiscal year 2023, which ended January 29, 2023. The call will be webcast live (in listen-only mode) on investor.nvidia.com.

Cathie Wood’s ARK Innovation ETF (ARKK) closed at $39.15, -8.63% over the last 5-days.  

The Technology Select Sector SPDR Fund (XLK) closed at $140.38, -.98% over the last 5-days. 

Shares of McDonald’s (MCD) closed at $262.42, -.69% over the last 5-days.  On Feb, 2, McDonald’s Board of Directors declared a quarterly cash dividend of $1.52 per share of common stock payable on March 15, 2023 to shareholders of record at the close of business on March 1, 2023.

On Jan. 31, McDonald’s Corporation announced results for the fourth quarter and year ended December 31, 2022. Global comparable sales increased over 12% for the quarter, with double-digit growth across all segments.  Digital Systemwide sales* in their top six markets were over $7 billion for the quarter, representing more than 35% of their Systemwide sales. Full year comparable sales grew over 10%, and comparable guest counts grew 5%.

GOLD & SILVER

Gold prices closed at $1869/oz., +$0.00/oz. & silver prices closed at $22.03/oz., -$1.61/oz. for the week.

Hecla Mining (HL) closed at $5.72, -3,70% over the last 5-days after they announced plans to issue a news release reporting its fourth quarter and full-year 2022 operations and financial results before market open on Wednesday, February 15, 2023.

First Majestic (AG) closed at $7.31, -4.82% over the last 5-days. 

MEMES CENTRAL

AMC Entertainment (AMC) closed at $4.90, -19.41% & (APE) closed at $2.30, -23.59% over the last 5-days.  On Feb. 6, AMC Theatres®,the largest theatrical exhibitor in the United States and the world, announced Sightline at AMC – a ticket pricing initiative based on seat location within each auditorium, which provides AMC moviegoers with multiple options to meet their viewing preferences. With Sightline at AMC, moviegoers now have the option to pay less, or more, for a movie ticket based on their seat selection. The initiative has already rolled out to select AMC locations and will be expanded to all domestic AMC and AMC DINE-IN locations by the end of the year.

GameStop (GME) closed at $22.25, -2.50% over the last 5-days as the shorts won overall this week. 

Seanergy Maritime Holdings Corp. (SHIP) closed at $.5980, +3.10% over the last 5-days. On Jan. 20, Seanergy announced an aggregate of $8.8 million of buybacks of its securities consisting of:

(i) $8 million of its outstanding convertible note with 5.5% coupon and a conversion price of $1.20 per share (the “Note”), pursuant to the terms of the Note, and

(ii) $0.8 million in 4,038,114 warrants at $0.2 per warrant, pursuant to the recently completed tender offer. The repurchased securities represent approximately 47% of the outstanding Class E Warrants to purchase an equal number of shares at an exercise price of $0.524 per share.

Moreover, Seanergy’s Chairman & CEO, Stamatis Tsantanis, has since August 2022 purchased 300,000 of the Company’s common shares in the open market.

CRYPTO & BITCOIN

Bitcoin (BTC) closed at $21,607.08, -5.07% over the last 5-days at the time this report was prepared. 

NEXT WEEK

The markets will be back up and running for 5 full trading sessions in the stock market again next week.  

VP WATCHLIST UPDATES

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

 

 

Shares of ADT Inc. (ADT), the most trusted brand in smart home and small business security, closed at $8.31, -2% over the last 5-days, after establishing a new 52-wk high at $10.10 recently. On Jan. 9, ADT announced the appointment of Wayne Thorsen to the newly created role of Executive Vice President and Chief Business Officer, effective immediately. Thorsen will be responsible for leading ADT’s product, innovation and new business development teams. “Wayne is a seasoned executive who brings valuable experience in business development, strategic partnerships and product marketing and development,” said Jim DeVries, ADT President and CEO. “Wayne’s expertise will accelerate our strategy to sustainably grow our business and continue to attract strategic partners by showcasing ADT’s market leadership.”

 

On Oct. 13, ADT, announced that it had 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 InMed Pharmaceuticals Inc. (INM), a leader in the research, development and manufacturing of rare cannabinoids, closed at $1.91.

• On Jan. 10. InMed issued a press release that outlined their key accomplishments from 2022 and provided business update and catalysts for 2023 including the following interesting milestones for 2023: Complete Phase 2 clinical trial enrollment in Epidermolysis Bullosa in 1Q 2023, Progress preclinical research in glaucoma in preparation for human trials, & Advance research using rare cannabinoids in treating neurodegenerative diseases such as Alzheimer’s, Huntington’s and Parkinson’s. Please read our latest PROGRESS REPORT by clicking here.

• On Dec. 16, InMed confirmed that, at its annual general meeting of shareholders held on December 15, 2022 (the “Meeting”), all of the matters put forward before shareholders for consideration and approval as set out in InMed’s notice of meeting and management information circular, dated October 28, 2022, were approved by the shareholders. In particular, shareholders approved the election of all director nominees to hold office until the next annual meeting of shareholders or until their successors are elected or appointed. See results. 

• On Dec. 12, InMed announced the Company has entered into a service contract with Brio Financial Group to provide senior financial leadership and bookkeeping services. Pursuant to the Contract, Mr. Jonathan Tegge, a member of Brio, will assume the role of Interim Chief Financial Officer for the Company effective December 12, 2022. Brio is a financial and management consulting group based in Bridgewater, New Jersey. The firm provides outsourced financial management and financial reporting support to small and middle market entities. Currently, the team provides consulting services to over 50 private and publicly traded companies. Additionally, the Company announces that its auditor, KPMG, has resigned effective as of December 8, 2022, and that the Audit Committee of the Board of Directors of the Company approved the engagement of Marcum LLP  as its auditor, subject to Marcum’s completion of their client acceptance procedures. Marcum will stand for appointment at the Company’s Annual General Meeting, currently scheduled for Thursday, December 15, 2022. KPMG has confirmed that there are no reportable events (as such term is defined in National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”)).

• 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. “Life lived for tomorrow will always be just a day away from being realized.” – Leo Buscaglia
2. “Wisdom is oftentimes nearer when we stoop than when we soar.” – Wordsworth
3. “Take chances, make mistakes. That’s how you grow. Pain nourishes your courage. You have to fail in order to practice being brave.” – Mary Tyler Moore
4. “A single twig breaks, but the bundle of twigs is strong.” – Tecumseh
5. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
6. “There is little that can withstand a man who can conquer himself.” – Louis XIV
7. “The limits of the possible can only be defined by going beyond them into the impossible.” – Arthur C. Clarke
8. “Be faithful in small things because it is in them that your strength lies.” – Mother Teresa
9. “The future rewards those who press on. I don’t have time to feel sorry for myself. I don’t have time to complain. I’m going to press on.” – Barack Obama
10. “By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.” – Confucius
11. “No man was ever wise by chance.” – Lucius Annaeus Seneca
12. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
13. “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare

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

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

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

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

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

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

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

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

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

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

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

27. “Without labor nothing prospers.” – Sophocles

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

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

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

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

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

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

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

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

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

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

38. “A hero is someone who understands the responsibility that comes with his freedom.” – Bob Dylan
39. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
40. “If we give something positive to others, it will return to us. If we give negative, that negativity will be returned.” – Allu Arjun
41. “A good plan violently executed now is better than a perfect plan executed next week.” ~ George S. Patton
42. “You must do the things you think you cannot do.”- Eleanor Roosevelt
43. “Success is dependent on effort.” – Sophocles
44. “Nobody who ever gave his best regretted it.” – George Halas
45. “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
46. “And when I breathed, my breath was lightning.” – Black Elk
47. “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
48. “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
49. “If you want a guarantee, buy a toaster.” – Clint Eastwood
50. “We are an impossibility in an impossible universe.” – Ray Bradbury
51. “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
52. “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
53. “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
54. “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
55. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
56. Surprise is the greatest gift which life can grant us.” –  Boris Pasternak
57. “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran 
58. “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
59. “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
60. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –  Colin Powell
61. “There is more to life than increasing its speed.” – Mahatma Gandhi
62. “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
63. “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
64. “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
65. “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
66. “Life is too short for long-term grudges.” – Elon Musk
67. “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
68. “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
69. “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
70. “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
71. “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
72. “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
73. “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
74. “Let there be work, bread, water and salt for all.” – Nelson Mandela
75. “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
76. “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
77. “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
78. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
79. “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
80. “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
81. “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
82. “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
83. “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
84. “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
85. “Delete the negative; accentuate the positive!” – Donna Karan
86. “It’s crazy how fast time flies and how things progress.” – Nathan Chen
87. “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
88. “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
89. “Everything has beauty, but not everyone sees it.” – Confucius
90. “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
91. “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
92. “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
93. “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
94. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
95. “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
96. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
97. “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
98. “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
99. “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
100. “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
101. “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
102. “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
103. “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
104. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
105. “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
106. “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
107. “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
108. “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
109. “There is little that can withstand a man who can conquer himself.” – Louis XIV
110. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
111. “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
112. “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
113. “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese 
114. “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
115. “Never do anything against conscience even if the state demands it.”– Albert Einstein
116. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
117. “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
118. “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
119. “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
120. “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
121. “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
122. “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
123. “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
124. “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch 
125. “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
126. “The secret of getting ahead is getting started.” – Mark Twain
127. “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe