Retail Investors Rolling In As Small Caps Lead Weekly Stock Market Gains – $ARKK $ATOS $DKNG $GME $INVO $TSLA $XBI Rise!

Happy Saturday!

I hope that a had great week and are currently out enjoying a relaxing 3-day President’s Day holiday weekend. 

As for the broad markets this week, investors, in general, were treated with a bit of a mixed affair with the small cap issuers outperforming the large caps overall, while VandaTrack published data confirming that retail investors have pushed approx. $1.51B on average daily into U.S. stocks during the most recent month. The week investors digested a number of macroeconomic, corporate earnings, & hawkish reports from a few Fed Presidents that were once again chirping prior to their March meeting that we are pointed towards another 50bps interest rate raise.

Specifically, the macroeconomic schedule offered a number of reports, led by the CPI & retail sales data that left investors with the understanding that the Fed will be raising interest rates in March as inflation is still not believed to be under control even though there are signs that the Fed’s work is doing its damage. Tuesday’s offering included the Total CPI that clocked in .5% higher M/M, the core-CPI, sans food & energy, moved up .4% M/M & on a Y/Y the total CPI rose 6.4% & core-CPI is 5.6%, both the smallest rises since Q4 2021. On Wednesday, the Weekly MBA Mortgage Applications Index report came in at -7.7%. The January Retail Sales report clocked in at 3%. The February Empire State Manufacturing report came in at -5.8. The January Industrial Production report came at .0% , while the January Capacity Utilization was at 78.3%. The December Business Inventories report came in at .3%. The February NAHB Housing Market Index report also came in at 42. On Thursday, the January Housing Starts report came in at 1.309M, while the January Building Permits were at 1.339M, confirming a slowing from busters and buyers. The January PPI clocked in at .7%, while the January Core PPI was at .5% giving the understating that inflation is still at hand. The Weekly Initial Claims report casein lower than expected at 194K, while the Weekly Continuing Claims report came in slightly higher at 1.696M. Finally, the February Philadelphia Fed Index report was at -24.3. On Friday, the January Import prices report came in at -.2%, while the January Export Prices repot came in at .8% & the January Leading Indicators report came in at -.3%.

As a result, the yield curve jumped higher again this week, which generally stifles growth, puts pressure earnings and expendable income, and adds downward pressure on the stock market. At the close of Friday, the 2-yr note yield had moved up 10 basis points to close at 4.61% & the 10-yr note yield closed up 18 basis points at 3.92%. The U.S. Dollar Index also moved up again this week from last Friday’s close of 103.58 to 103.88. 

At the end of the week, the S&P 500 closed at 4,079.09 (-.3%) for the week and is now up 6.2% YTD. 6 of the 11 sectors closed in the green as the consumer discretionary sector led the pack moving up .6% while the energy sector fell a sold 6.9% as oil prices retreated 3.9%  to close at $76.60/bbl and is down 4.6% YTD.  The 6.82% weighting of the shares of Apple (AAPL) provided strength this week as it closed at $152.55, +1.02% over the last 5-days, as did, the shares of EV giant Tesla (TSLA) that closed at $208.31, +3.64% over the last 5-days and is up 69.11% YTD. This week, Tesla stated that it is committed to open up 7.5k of Tesla’s charging stations to non-Tesla vehicle owners by the end of 2024, which came after the Feb. 15 Biden Administration announcement of its latest set of actions aimed at creating a convenient, reliable and Made-in-America electric vehicle (EV) charging network so that the great American road trip can be electrified. President Biden’s Bipartisan Infrastructure Law invests $7.5 billion in EV charging, $10 billion in clean transportation, and over $7 billion in EV battery components, critical minerals, and materials. Elon Musk will also share his ‘Master Plan part 3’ at the upcoming March 1 Investor Day that will be held at his Gigafactory in Texas.

The Dow 30 slipped to close at 33,826.60 (-.1%) and is now up +2% YTD.  The Walt Disney Company (DIS) closed at $105.22, down 2.63% over the last 5-day. Disney recently confirmed that it plans to cut 7k jobs & eliminate $5.5B costs overall. Nike (NKE) closed at $124.84, up 2.14% over the last 5-days.

The Nasdaq began to rise again this week after last week’s hiatus and closed the week at 11,787.20 (+.6%) for the week and is up 12.6% YTD. Shares of DraftKings Inc. (DKNG) rose +28.46% over the last 5-days a move that coincided with their announcement its fourth quarter and fiscal year 2022 financial results. For the three months ended December 31, 2022, DraftKings reported revenue of $855 million, an increase of 81% compared to $473 million during the same period in 2021 driven primarily by continued customer retention and monetization in existing states, the successful launches of its Sportsbook and iGaming products in additional jurisdictions, and structural sportsbook hold improvement. Revenue and Adjusted EBITDA for the three months ended December 31, 2022 both outperformed the commentary previously provided by DraftKings on November 4, 2022.

The small caps on the Russell 2000 that took a solid 3.4% hit last week closed at 19,46.36 (+1.4%) for the week & is now up +10.5 YTD. The MicroCaps also rose widely this week as the iShares Micro-Cap ETF (IWC) closed at $118.50 rebounding 1.03% this week & is now up 9.90% YTD.  

Biotech stocks also enjoyed a positive turn this week. On the larger side of things, the Nasdaq Biotechnology ETF (IBB) moved up and closed at $133.36, +.76% and is up 1.58% YTD, the NYSE ARCA Biotech Index (^BTK) closed at 5,526.35, +1.33% over the last 5-days and is now up 4.64% YTD, & the SPDR S&P Biotech ETF (XBI) closed at $86.80, up 1.38% over the last 5-days & is now up 4.58% YTD. The 52-week range is is now $61.78-$97.19. The iShares U.S. Healthcare ETF (IYH) closed at $277.22,-.13% over the last 5-days and is now down 2.29% YTD. 

The CBOE Volatility Index (^VIX) closed at $20.02, down 2.48% over the last 5-days after last week’s 12% positive swing and is now down 7.61% YTD.

FURTHER AFIELD 

Shares of JPMorgan (JPM) closed at $142.24, +.85% over the last 5-days.  On Feb. 15, JPM declared dividends on the Firm’s Series X & II preferred stock. Information can be found on the Firm’s Investor Relations website at https://www.jpmorganchase.com/ir/news.

Shares of Microsoft Corp. (MSFT) closed at $263.10, +1.84% over the last 5-days. On Feb. 16, Microsoft announced that five years ago that they launched the TechSpark program with a goal to accelerate economic growth in six communities across the United States and Mexico. TechSpark works with local community organizations to develop digital skills, support nonprofits and create jobs. Microsoft is now expanding this program to all 50 states via a new TechSpark Fellows model. The expansion beyond eight existing locations to communities across the United States means Microsoft will supply a grant to support a TechSpark fellow, along with hands-on mentorship and training.

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.

Shares of Intel (INTC) fell .68% to close at $27.31 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 $213.88, +.58% 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 $41.86, +6.92% over the last 5-days.  

The Technology Select Sector SPDR Fund (XLK) closed at $139.82, -.40% over the last 5-days. 

Shares of McDonald’s (MCD) closed at $269.99, +2.88% 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., -$23/oz. & silver prices closed at $21.75/oz., -$.28/oz. for the week.

Hecla Mining (HL) closed at $5.17, -9.17% over the last 5-days after reporting its fourth quarter and full-year 2022 operations and financial results before market open on Wednesday, February 15, 2023. They highlighted 10% silver production growth in 2022, that they expect 18% growth in 2023 and 35% by 2025 & that silver cost guidance achieved with 2023 set at similar levels.

First Majestic (AG) closed at $7.16, -2.05% over the last 5-days. 

MEMES CENTRAL

AMC Entertainment (AMC) closed at $5.24, +6.94% & (APE) closed at $2.40, +4.35% over the last 5-days. AMC will report its results for the fourth quarter and year ended December 31, 2022, after the market closes on Tuesday, February 28, 2023. Investors and interested parties should go to the website (https://investor.amctheatres.com/corporate-overview/) at least 15 minutes before the earnings webcast to register, and/or download and install any necessary audio software one  Tuesday, February 28, 2023 at 4:00 p.m. CST / 5:00 p.m. EST.

GameStop (GME) closed at $21.99,+14.12% over the last 5-days as the shorts lost overall this week. 

Seanergy Maritime Holdings Corp. (SHIP) closed at $5.27, -12.17% over the last 5-days. On Feb. 15, Seanergy announced that its Board of Directors has determined to effect a 1-for-10 reverse stock split of the Company’s issued and outstanding shares of common stock, effective at the opening of trading on February 16, 2023. At the special meeting of the shareholders of the Company held on February 7, 2023, Seanergy’s shareholders approved a reverse stock split by a ratio of not less than 1-for-8 and not more than 1-for-12 and granted the Board the authority to determine to effect the reverse stock split and the exact split ratio within this range. The Board approved the reverse stock split on February 9, 2023. n addition, the Company announced today that its Chairman and Chief Executive Officer, Mr. Stamatis Tsantanis, intends to purchase an aggregate of up to $1,000,000 in the Company’s common shares in the open market, following the effective date of the reverse stock split. This follows the previously announced open market purchases of 300,000 common shares concluded by Mr. Tsantanis in the past six months.

CRYPTO & BITCOIN

Bitcoin (BTC) closed at $24,645.95, +10.91% over the last 5-days at the time this report was prepared. 

NEXT WEEK

The markets will be closed on Monday, President’s Day and the will have 4 full trading sessions in the stock market thereafter.

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 $8.37, +.72% over the last 5-days. ADT will release its fourth quarter and full year 2022 financial results before the market opens on Tuesday, Feb. 28, 2023. Following the release, management will host a conference call at 10:00 a.m. ET to discuss the financial results and lead a question-and-answer session. Participants may listen to a live webcast through the investor relations website at investor.adt.com.

 

Shares of InMed Pharmaceuticals Inc. (INM), a leader in the research, development and manufacturing of rare cannabinoids, closed at $1.60.

• On Feb. 17, InMed announced financial results for the second quarter of fiscal year 2023 which ended December 31, 2022 and highlighted that they closed calendar year 2022 with strong cash position of $11.5 million, that they are approaching completion of enrollment for Ph 2 clinical trial in EB, & that they are adavincing research using rare cannabinoids in treating glaucoma and neurodegenerative diseases such as Alzheimer’s, Huntington’s and Parkinson’s.

• 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 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. “Do exactly what you would do if you felt most secure.” – Meister Eckhart
2. “Life lived for tomorrow will always be just a day away from being realized.” – Leo Buscaglia
3. “Wisdom is oftentimes nearer when we stoop than when we soar.” – Wordsworth
4. “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
5. “A single twig breaks, but the bundle of twigs is strong.” – Tecumseh
6. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
7. “There is little that can withstand a man who can conquer himself.” – Louis XIV
8. “The limits of the possible can only be defined by going beyond them into the impossible.” – Arthur C. Clarke
9. “Be faithful in small things because it is in them that your strength lies.” – Mother Teresa
10. “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
11. “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
12. “No man was ever wise by chance.” – Lucius Annaeus Seneca
13. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
14. “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare

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

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

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

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

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

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

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

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

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

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

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

28. “Without labor nothing prospers.” – Sophocles

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

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

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

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

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

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

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

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

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

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

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