Second Half Kicks Off With Equities Pulling Back During This Holiday-Shortened Week – $ADT $AI $AZTR $INM $LTRN $META TSLA Rise!

Happy Saturday!

I hope that you had a wonderful holiday-shortened week and kicked off the second half with a bit of gusto. 

As for the broad markets this week, stocks moved significantly lower over the course week as a number of global economic growth & US Fed raising interest rate concerns seemed to dominate the non-vacationing investors Psyche that were left at the helm. The S&P 500 closed at 4,398.95 (-1.2%) for the week and is now up 14.6% YTD as 1o out of the 11 sectors closed in the red this week with the real estate sector up .2% leading all and the health care sector off 2.9%, the materials sector off 2%, & the heavily weighted information technology sector off 1.5% binging up the rear.

The Dow 30 closed back below the 34k level at 33,734.80 giving back the 2% gained last week and is now up just 1.8% YTD.  The Walt Disney Company (DIS) closed at $88.64, -.35% over the last 5-days as the politically charged DeSantis ‘woke-feud’ wages on in Florida. Nike (NKE) closed at $1104.46, -7.86% over the last 5-days after last week’s quarterly earnings miss and somewhat dismal view surfaced. 

The Nasdaq closed at 13,660.70 (-.9%) and is now up an amazing 30.5% YTD.  The ‘Magnificent Seven’ performed as follows over the last 5-days: which includes Apple (AAPL, $190.68, +.57% over the last 5-days, +46.76% YTD), Alphabet (GOOGL $119.48, +.32% over the last 5-days,  +35.42% YTD, GOOG, $120.14, +.11%, +35.40% YTD), Microsoft (MSFT, $337.22, +.65% over the last 5-days, +40.61% YTD), Amazon (AMZN, $129.78, +1.47% over last 5-days, +54.50% YTD), Meta (META,$290.53, +3.20%, +141.42% YTD) as it introduced their new Twitter-like social media offering Threads to much fanfare and to the reported chagrin of Elon Musk, Tesla (TSLA, $274.43, +6.57% over last 5-days, +12.79% YTD) after releasing a report that confirmed Q2/2023 marked the 5th period in a row that Tesla reported a higher level of vehicles produced compared to deliveries coming in with 466,140 deliveries & production of 479,700 vehicles, and Nvidia (NVDA, $425.03, +4.12% over the last 5-days, +190.84% YTD). This so-called group accounts for ~84% of the Nasdaq 100’s ~$4T growth in market cap YTD. Netflix (NFLX) also rebounded this week to close at $438.19, +2.30% over the last 5-days, +48.57% YTD. C3 AI (NYSE: AI) over the last 5-days closed at $39.25, +9.33% , & 250.76% YTD.  

The small caps on the Russell 2000 closed at 1,864.66 (-1.3%) for the week & is now up 5.9% YTD. The MicroCaps also moved higher this week as the iShares Micro-Cap ETF (IWC) closed at $108.65,-.49% this week & is now up only .76% YTD.  

The macroeconomic schedule provided another group of interesting reports. On Monday, the ISM Manufacturing Index report that showed further into contraction in June coming in at 46% off nearly a point. On Wednesday, the Factory orders repot showed a .3% M/M rise in May but approximately half the rise that was expected, while shipments of manufactured goods rose .3% M/M. On Thursday, Private sector hiring was reported to have risen by 497k in June, while jobs in the goods-producing sector rose by 124k & jobs in the service-providing sector jumped by 373k as small – medium businesses led the way with a significant gain vs. an 8k drop at large businesses. The Initial jobless claims report for the week ending July 1 rose by 12k to 248k, while Continuing jobless claims for the week ending June 24 fell by 13k to 1.72M. The JOLTS or Job Openings report showed a total of 9.824M in May. Beyond the job data the schedule produced the May Trade Balance Report that confirmed a narrowing in the trade deficit to $69B. The ISM Non-Manufacturing Index report for June came in higher at 53.9%. The Weekly EIA Crude Oil Inventories report confirmed a 1.51M barrel draw. On Friday, the Nonfarm payrolls report showed a 209k rise in June that missed expectations, while the average hourly earnings rose .4% greater than expected.

The SPDR S&P Regional Banking ETF (KRE) moved up .41% over the last 5-days to close at $41.47 & the SPDR S&P Bank ETF (KBE) also moved up .41% over the last 5-days to close at $36.35. 

The CBOE Volatility Index (^VIX) closed at $14.83 & up 9.29% over the last 5-days.

As a result, the yield curve rose over the course of the week for the second straight week as the 2-yr note yield moved up 6bps to 4.94% & the 10-yr note yield moved up 23bps to 4.05%. The U.S. Dollar Index moved lower to close the week at 102.27 from 103.92 last Friday. 

As for the biotech sector, the Nasdaq Biotechnology ETF (IBB) closed at $124.38, -1.25% over the last 5-days and is now down 5.26% YTD, the NYSE ARCA Biotech Index (^BTK) closed at 5,120.52, -1.39% over the last 5-days and is now down 3.04% YTD, & the SPDR S&P Biotech ETF (XBI) pulled back to closed at $81.78, -1.02% over the last 5-days, & is now down 1.47% YTD. The 52-week range is is now $72.44-$95.18. Cathie Wood’s ARK Innovation ETF (ARKK) closed at $43.73, -.14% over the last 5-days and is now up 39.98% YTD.   

However on the bright side of biotech this week, Caribou Biosciences, Inc. (Nasdaq: CRBU, $7.26, +77.94% over the last 5-days), a leading clinical-stage CRISPR genome-editing biopharmaceutical company, announced that Pfizer Inc. (NYSE: PFE $35.53, -1.63% over the last 5-days), had made a $25 million equity investment in the company. Pfizer purchased 4,690,431 of Caribou common shares at a price of $5.33 per share, pursuant to the terms of a Securities Purchase Agreement dated June 29, 2023. The purchase by Pfizer closed on June 30, 2023. In conjunction with the investment, Sriram Krishnaswami, PhD, has joined Caribou’s Scientific Advisory Board.

The iShares U.S. Healthcare ETF (IYH) closed at $272.02, -1.85% over the last 5-days and is now down 4.12% YTD.  

From the world of cryptocurrency, Bitcoin (BTC) moved to $30,285.46 & down 1.60% over the course of the last 5-days at the time of the completion of this message. 

Gold prices closed at $1,932, +$6/oz over the last 5-days. Silver prices closed at $23.26, +$.31/oz over the last 5-days. 

VP Watchlist Updates

On June 26, Lantern Pharma Inc. (NASDAQ: LTRN, $5.21, +1.17% over the last 5-days) an artificial intelligence (“AI”) company developing targeted and transformative cancer therapies using its proprietary RADR® AI and machine learning (“ML”) platform with multiple clinical stage drug programs in place and with a mission to transform the cost, pace, and timeline of oncology drug discovery and development, announced the company has published new findings in Oncotarget demonstrating drug candidate LP-284’s in vitro and in vivo antitumor potency for multiple non-Hodgkin’s lymphomas (NHL), including mantle cell lymphoma (MCL) and double-hit lymphoma (DHL). The journal article titled “LP-284 Targets Non-Hodgkin’s Lymphoma and DNA Damage Repair Deficiency” further supports LP-284’s development for NHL and advancement towards a first-in-human Phase 1 trial, which is anticipated for the second half of 2023. Non-Hodgkin’s lymphomas (NHL) remain one of the leading causes of cancer deaths globally and have an estimated 500,000 new cases globally, with NHL being the leading hematological malignancy in the US. Despite advances for NHL using combination and targeted therapies, nearly 20% to 40% of patients with certain subtypes still relapse after treatment. In aggressive subtypes of NHL, like MCL, nearly all patients relapse from standard-of-care (SOC) therapies. READ MORE at this link.

Shares of InMed Pharmaceuticals Inc. (INM), a leader in the research, development and manufacturing of rare cannabinoids, closed at $.9650, +3.76% over the last 5-days.

• On June 22, InMed announced safety and efficacy results from its Phase 2 clinical trial, called 755-201-EB (the “Phase 2 Trial”), for the treatment of symptoms related to EB. The purpose of the Phase 2 Trial was to evaluate the safety of INM-755 CBN cream, which consists of the control cream plus the active pharmaceutical ingredient CBN, and obtain preliminary evidence of efficacy in treating symptoms and healing wounds over a 28-day period in patients with EB. All four subtypes of inherited EB, including EB Simplex, Dystrophic EB, Junctional EB, and Kindler Syndrome were accepted into the Phase 2 Trial. The Phase 2 Trial used a within-patient, double-blind design whereby matched index areas were randomized to INM-755 CBN cream or control cream. The Phase 2 Trial enrolled a total of 19 patients. Data from one patient were excluded from efficacy analyses due to a significant protocol deviation. Of the 18 remaining patients whose data were considered reliable for clinical review, 17 were treated for chronic non-wound itch and one patient was treated for wound-related itch. The remaining endpoints (pain, wound healing) could not be analyzed due to too few enrollees with such symptoms. Of the 18 participants assessed, chronic itch improved by a clinically meaningful amount in 12 patients (66.7%). InMed will pursue strategic partnership opportunities for INM-755 in epidermolysis bullosa (“EB”) and other itch-related skin conditions.

• On June 1, InMed announced that results from a neurodegenerative disease study was presented in a scientific poster at the Canadian Neuroscience Meeting in Montreal from May 28-31, 2023. The InMed sponsored research, entitled “Cannabinoids modulate cytotoxicity and neuritogenesis in Amyloid-beta-treated neuronal cells”, demonstrated the ability of a specific rare cannabinoid (“pCBx”) in InMed’s 900 Series library of potential candidates that reduces amyloid toxicity and tau protein expression while enhancing neuronal cell growth and neuritogenesis markers in vitro, all considered to be important targets in the potential treatment of neurodegenerative diseases such as Alzheimer’s. The research was conducted in the laboratory of Dr. Ujendra Kumar and Dr. Rishi Somvanshi of the faculty of Pharmaceutical Sciences at the University of British Columbia. Studies have shown that cannabinoids, via their endocannabinoid receptors (CB1R and CB2R) that naturally occur in the human body and brain, reduce amyloid-beta (“Aβ”) toxicity, decrease p-tau protein expression and provide neurite outgrowth, thus improving neuronal viability and function. The results presented demonstrate the anti-apoptotic effects of pCBx and its role in neuritogenesis in the cells of neuronal origin and support the role of pCBx as a potential therapeutic intervention in neurodegenerative diseases.

• On May 31, our sister organization, Tribe Public, hosted a Presentation & Q&A Webinar Event titled “InMed Pharmaceuticals (NASDAQ: INM) Addressing The Increasing Demand For Rare Cannabinoids.” The event was co-hosted by InMed Pharmaceutical’s (NASDAQ: INM) CEO Eric A. Adams, MIBS, & BayMedica’s Jerry P. Griffin, VP, Sales and Marketing. InMed Pharmaceuticals (NASDAQ: INM, $1.34, +6.35%) is a global leader in the development, manufacturing, and commercialization of rare cannabinoids, which is developing a pipeline of rare cannabinoid therapeutics and dedicated to delivering new treatment alternatives to patients that may benefit from cannabinoid-based pharmaceutical drugs. i.e. Alzheimer’s Disease, Glaucoma, & a rare genetic skin disease, Epidermolysis Bullosa (EB). Together with its subsidiary, BayMedica LLC, the Company has unparalleled cannabinoid manufacturing capabilities to serve a spectrum of consumer markets, including pharmaceutical and health and wellness. If you missed this event, then you may now watch the event video at the Tribe Public YouTube Channel by clicking here. 

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 as we move forward!

Investing & Inspiration

1. “Strength and growth come only through continuous effort and struggle.” – Napoleon Hill
2. “Science may never come up with a better office communication system than the coffee break.” – Earl Wilson
3. “If everyone is moving forward together, then success takes care of itself.” – Henry Ford
4. “Hope is like the sun, which, as we journey toward it, casts the shadow of our burden behind us.”– Samuel Smiles
5. “Patriotism is supporting your country all the time, and your government when it deserves it.” – Mark Twain
6. “What would life be if we had no courage to attempt anything?” – Vincent Van Gogh
7. “The biggest risk is not taking any risk… In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.” – Mark Zuckerberg
8. “Our lives improve only when we take chances – and the first and most difficult risk we can take is to be honest with ourselves.” – Walter Anderson
9. “Action is the foundational key to all success.” – Pablo Picasso
10. “Success is never final, failure is never fatal. It’s courage that counts.” – John Wooden
11. “Innovation distinguishes between a leader and a follower.” – Steve Jobs
12. “All the art of living lies in a fine mingling of letting go and holding on.” – Havelock Ellis
13. “The size of your success is measured by the strength of your desire; the size of your dream; and how you handle disappointment along the way.” – Robert Kiyosaki
14. “O, wind, if winter comes, can spring be far behind?” – Percy Bysshe Shelley
15. “Patience is a virtue, and I’m learning patience. It’s a tough lesson.” – Elon Musk
16. “Be true to your work, your word, and your friend.” – John Boyle O’Reilly
17. “Believe in yourself! Have faith in your abilities! Without a humble but reasonable confidence in your own powers you cannot be successful or happy.” – Norman Vincent Peale
18. “Surprise is the greatest gift which life can grant us.” – Boris Pasternak
19. “Logic will get you from A to B. Imagination will take you everywhere.” – Albert Einstein
20. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
21. “Do exactly what you would do if you felt most secure.” – Meister Eckhart
22. “Life lived for tomorrow will always be just a day away from being realized.” – Leo Buscaglia
23. “Wisdom is oftentimes nearer when we stoop than when we soar.” – Wordsworth
24. “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
25. “A single twig breaks, but the bundle of twigs is strong.” – Tecumseh
26. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
27. “There is little that can withstand a man who can conquer himself.” – Louis XIV
28. “The limits of the possible can only be defined by going beyond them into the impossible.” – Arthur C. Clarke
29. “Be faithful in small things because it is in them that your strength lies.” – Mother Teresa
30. “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
31. “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
32. “No man was ever wise by chance.” – Lucius Annaeus Seneca
33. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
34. “It is not in the stars to hold our destiny but in ourselves.” – William Shakespeare

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

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

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

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

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

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

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

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

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

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

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

48. “Without labor nothing prospers.” – Sophocles

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

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

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

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

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

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

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

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

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

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

59. “A hero is someone who understands the responsibility that comes with his freedom.” – Bob Dylan
60. “Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.” – Kevin Brady
61. “If we give something positive to others, it will return to us. If we give negative, that negativity will be returned.” – Allu Arjun
62. “A good plan violently executed now is better than a perfect plan executed next week.” ~ George S. Patton
63. “You must do the things you think you cannot do.”- Eleanor Roosevelt
64. “Success is dependent on effort.” – Sophocles
65. “Nobody who ever gave his best regretted it.” – George Halas
66. “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
67. “And when I breathed, my breath was lightning.” – Black Elk
68. “Moderation is the silken string running through the pearl chain of all virtues.” – Joseph Hall
69. “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
70. “If you want a guarantee, buy a toaster.” – Clint Eastwood
71. “We are an impossibility in an impossible universe.” – Ray Bradbury
72. “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
73. “I’d rather attempt to do something great and fail than to attempt to do nothing and succeed.” – Robert H. Schuller
74. “Do your little bit of good where you are; it’s those little bits of good put together that overwhelm the world.” Desmond Tutu
75. “It takes considerable knowledge just to realize the extent of your own ignorance.” – Thomas Sowell
76. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.” – Buddha”
77. Surprise is the greatest gift which life can grant us.” –  Boris Pasternak
78. “Trust in dreams, for in them is hidden the gate to eternity.” – Khalil Gibran 
79. “Always be yourself, express yourself, have faith in yourself, do not go out and look for a successful personality and duplicate it.” – Bruce Lee
80. “All life is an experiment. The more experiments you make the better.” – Ralph Waldo Emerson
81. “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” –  Colin Powell
82. “There is more to life than increasing its speed.” – Mahatma Gandhi
83. “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
84. “Definiteness of purpose is the starting point of all achievement.” – W. Clement Stone
85. “Success usually comes to those who are too busy to be looking for it.” – Henry David Thoreau
86. “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
87. “Life is too short for long-term grudges.” – Elon Musk
88. “There cannot be a crisis next week. My schedule is already full.” – Henry Kissinger
89. “Success consists of getting up just one more time than you fall.” – Oliver Goldsmith
90. “The Earth is the cradle of humanity, but mankind cannot stay in the cradle forever.” – Konstantin Tsiolkovsky
91. “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
92. “Beauty surrounds us, but usually we need to be walking in a garden to know it.” – Rumi
93. “But man is not made for defeat. A man can be destroyed but not defeated.” – Ernest Hemingway
94. “Don’t watch the clock; do what it does. Keep going.” – Sam Levenson
95. “Let there be work, bread, water and salt for all.” – Nelson Mandela
96. “The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.” – John Maynard Keynes
97. “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
98. “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
99. “It is the fight alone that pleases us, not the victory.” – Blaise Pascal
100. “If you can’t describe what you are doing as a process, you don’t know what you’re doing.” – W. Edwards Deming
101. “Never interrupt your enemy when he is making a mistake.” – Napoleon Bonaparte
102. “Be sure you put your feet in the right place, then stand firm.” – Abraham Lincoln
103. “Without investment there will not be growth, and without growth there will not be employment.” – Muhtar Kent
104. “You have to do your own growing no matter how tall your grandfather was.” – Abraham Lincoln
105. “Victory has a thousand fathers, but defeat is an orphan.” – John F. Kennedy
106. “Delete the negative; accentuate the positive!” – Donna Karan
107. “It’s crazy how fast time flies and how things progress.” – Nathan Chen
108. “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
109. “Life isn’t about finding yourself. Life is about creating yourself.” – George Bernard Shaw
110. “Everything has beauty, but not everyone sees it.” – Confucius
111. “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
112. “Walking with a friend in the dark is better than walking alone in the light.” – Helen Keller
113. “A man who dares to waste one hour of time has not discovered the value of life.” – Charles Darwin
114. “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
115. “Progress is man’s ability to complicate simplicity.” – Thor Heyerdahl
116. “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
117. “Nothing is impossible, the word itself says ‘I’m possible’!” – Audrey Hepburn
118. “But investment in space stimulates society, it stimulates it economically, it stimulates it intellectually, and it gives us all passion.” – Bill Nye
119. “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
120. “Life is a tragedy when seen in close-up, but a comedy in long-shot.” – Charlie Chaplin
121. “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
122. “Infrastructure investment in science is an investment in jobs, in health, in economic growth and environmental solutions.” – Oren Etzioni
123. “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
124. “Know thy self, know thy enemy. A thousand battles, a thousand victories.” – Sun Tzu
125. “If one does not know to which port one is sailing, no wind is favorable.” – Lucius Annaeus Seneca
126. “Beware of missing chances; otherwise it may be altogether too late some day.” – Franz Liszt
127. “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
128. “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
129. “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
130. “There is little that can withstand a man who can conquer himself.” – Louis XIV
131. “In tennis, you strike a ball just after the rebound for the fastest return. It’s the same with investment.” – Masayoshi Son
132. “A camel makes an elephant feel like a jet plane.” – Jackie Kennedy
133. “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
134. “Success depends upon previous preparation, and without such preparation there is sure to be failure.” – Confucius, Chinese 
135. “Coming together is a beginning; keeping together is progress; working together is success.” – Edward Everett Hale
136. “Never do anything against conscience even if the state demands it.”– Albert Einstein
137. “Education is not only a ladder of opportunity, but it is also an investment in our future.” – Ed Markey
138. “The true measure of a man is how he treats someone who can do him absolutely no good.” – Samuel Johnson
139. “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
140. “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
141. “The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.
142. “Friendship marks a life even more deeply than love. Love risks degenerating into obsession, friendship is never anything but sharing.” – Elie Wiesel
143. “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
144. “Success isn’t measured by money or power or social rank. Success is measured by your discipline and inner peace.” – Mike Ditka
145. “No matter how many goals you have achieved, you must set your sights on a higher one.” – Jessica Savitch 
146. “Start where you are. Use what you have. Do what you can.”– Arthur Ashe
147. “The secret of getting ahead is getting started.” – Mark Twain
148. “The amount of work and the amount of both physical and emotional investment it takes to get to the top.” – Drew Bledsoe