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2023-08-31

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Here Are Warren Buffett’s Best Quotes From the Last 93 Years

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Buffett has grown from a schoolboy with a penchant for entrepreneurship (he once sold chewing gum and Coca Cola door to door) to an investment salesman, stockbroker, securities analyst, and even a student of Dale Carnegie’s public speaking course. </p><p>But along the way, he’s been known for his alternately folksy and insightful quotes. He doesn’t have the nickname Sage of Omaha for no reason, after all. Take his most famous line: “only when the tide goes out do you discover who’s swimming naked.” It sums up financial wisdom back to the dawn of the modern age, as market bubbles form and, to paraphrase an older quote, fools rush in. Consider the crypto winter of 2022, a longtime target of Buffett and (more often) Munger. Lots of skinny-dipping was happening as the crypto market cap shrank from $3 trillion to a little over $1 trillion in just a few months.</p><p style=\"text-align: start;\">Buffett took control of Berkshire Hathaway, then a textile manufacturing company, in 1970, and has driven it to the seventh spot on the Fortune 500 list (and 14th globally), with revenue at just over $302 billion. As for his net worth, thanks to his decades of savvy investments, it stands at roughly $118 billion as of publication. </p><p style=\"text-align: start;\">While many hopeful investors and business moguls take any of the Nebraskan’s words as gospel, <em>Fortune </em>has rounded up a handful of the Oracle’s sagest wisdom and quotes from over the years. </p><h2 id=\"id_964547387\" style=\"text-align: start;\">On investing:</h2><p style=\"text-align: start;\">“The first rule of an investment is don’t lose (money). And the second rule of an investment is don’t forget the first rule. And that’s all the rules there are.”</p><p style=\"text-align: start;\">“Price is what you pay. Value is what you get.”</p><p style=\"text-align: start;\">“Remember that the stock market is a manic depressive.”</p><p style=\"text-align: start;\">“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”</p><p style=\"text-align: start;\">“Risk comes from not knowing what you are doing. Never invest in a business you cannot understand.”</p><p style=\"text-align: start;\">“Someone’s sitting in the shade today because someone planted a tree a long time ago.”</p><p style=\"text-align: start;\">“There is nothing wrong with a ‘know nothing’ investor who realizes it. The problem is when you are a ‘know nothing’ investor, but you think you know something.”</p><p style=\"text-align: start;\">“A simple rule dictates my buying: Be fearful when others are greedy and greedy when others are fearful.”</p><h2 id=\"id_1441096863\" style=\"text-align: start;\">On life and relationships:</h2><p style=\"text-align: start;\">“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”</p><p style=\"text-align: start;\">“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”</p><p style=\"text-align: start;\">“By far the best investment you can make is in yourself.” </p><p style=\"text-align: start;\">“Being given unconditional love is the greatest benefit you can ever get.”</p><p style=\"text-align: start;\">“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”</p><p style=\"text-align: start;\">“What we learn from history is that people don’t learn from history.”</p><p style=\"text-align: start;\">“Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.”</p><p style=\"text-align: start;\">“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”</p><p style=\"text-align: start;\">“Time is the friend of the wonderful company, the enemy of the mediocre.”</p><p style=\"text-align: start;\">“You want to associate with people who are the kind of person you’d like to be. You’ll move in that direction. And the most important person by far in that respect is your spouse. Marry the right person. I’m serious about that. It will make [a bigger] difference in your life. It will change your aspirations, all kinds of things.”</p><p style=\"text-align: start;\">“If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.”</p><h2 id=\"id_3424548160\" style=\"text-align: start;\">On playing cards—and going to prison:</h2><p style=\"text-align: start;\">“Bridge is such a sensational game that I wouldn’t mind being in jail if I had three cellmates who were decent players and who were willing to keep the game going twenty-four hours a day.”</p></body></html>","source":"lsy1618285953446","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are Warren Buffett’s Best Quotes From the Last 93 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are Warren Buffett’s Best Quotes From the Last 93 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-31 13:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://fortune.com/2023/08/30/warren-buffett-best-quotes-93-birthday-august-30-swimming-naked/><strong>Fortune</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s hard to understate Warren Buffett’s impact on the economy or on American business—Or on Fortune, for that matter. The magazine is just a few months older than the Oracle of Omaha himself, who ...</p>\n\n<a href=\"https://fortune.com/2023/08/30/warren-buffett-best-quotes-93-birthday-august-30-swimming-naked/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4581":"高盛持仓","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0251142724.SGD":"Fidelity America A-SGD","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","BK4176":"多领域控股","BK4588":"碎股","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0971096721.USD":"富达环球金融服务 A","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0149725797.USD":"汇丰美国股市经济规模基金","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BRK.A":"伯克希尔","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","BRK.B":"伯克希尔B","BK4550":"红杉资本持仓"},"source_url":"https://fortune.com/2023/08/30/warren-buffett-best-quotes-93-birthday-august-30-swimming-naked/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2363286639","content_text":"It’s hard to understate Warren Buffett’s impact on the economy or on American business—Or on Fortune, for that matter. The magazine is just a few months older than the Oracle of Omaha himself, who turned 93 on August 30, and after a particularly impressive interview, he tapped former Fortune editor Carol Loomis to edit his annual Berkshire Hathaway shareholder letter.Warren Buffett, the Sage of Omaha.With his right-hand man Charlie Munger, the investing legend has led one of the world’s most profitable holding companies, Berkshire Hathaway, for almost 60 years, and become one of the world’s richest men in the process. Buffett has grown from a schoolboy with a penchant for entrepreneurship (he once sold chewing gum and Coca Cola door to door) to an investment salesman, stockbroker, securities analyst, and even a student of Dale Carnegie’s public speaking course. But along the way, he’s been known for his alternately folksy and insightful quotes. He doesn’t have the nickname Sage of Omaha for no reason, after all. Take his most famous line: “only when the tide goes out do you discover who’s swimming naked.” It sums up financial wisdom back to the dawn of the modern age, as market bubbles form and, to paraphrase an older quote, fools rush in. Consider the crypto winter of 2022, a longtime target of Buffett and (more often) Munger. Lots of skinny-dipping was happening as the crypto market cap shrank from $3 trillion to a little over $1 trillion in just a few months.Buffett took control of Berkshire Hathaway, then a textile manufacturing company, in 1970, and has driven it to the seventh spot on the Fortune 500 list (and 14th globally), with revenue at just over $302 billion. As for his net worth, thanks to his decades of savvy investments, it stands at roughly $118 billion as of publication. While many hopeful investors and business moguls take any of the Nebraskan’s words as gospel, Fortune has rounded up a handful of the Oracle’s sagest wisdom and quotes from over the years. On investing:“The first rule of an investment is don’t lose (money). And the second rule of an investment is don’t forget the first rule. And that’s all the rules there are.”“Price is what you pay. Value is what you get.”“Remember that the stock market is a manic depressive.”“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.”“Risk comes from not knowing what you are doing. Never invest in a business you cannot understand.”“Someone’s sitting in the shade today because someone planted a tree a long time ago.”“There is nothing wrong with a ‘know nothing’ investor who realizes it. The problem is when you are a ‘know nothing’ investor, but you think you know something.”“A simple rule dictates my buying: Be fearful when others are greedy and greedy when others are fearful.”On life and relationships:“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.”“By far the best investment you can make is in yourself.” “Being given unconditional love is the greatest benefit you can ever get.”“Lose money for the firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.”“What we learn from history is that people don’t learn from history.”“Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars.”“You only have to do a very few things right in your life so long as you don’t do too many things wrong.”“Time is the friend of the wonderful company, the enemy of the mediocre.”“You want to associate with people who are the kind of person you’d like to be. You’ll move in that direction. And the most important person by far in that respect is your spouse. Marry the right person. I’m serious about that. It will make [a bigger] difference in your life. It will change your aspirations, all kinds of things.”“If you get to my age in life and nobody thinks well of you, I don’t care how big your bank account is, your life is a disaster.”On playing cards—and going to prison:“Bridge is such a sensational game that I wouldn’t mind being in jail if I had three cellmates who were decent players and who were willing to keep the game going twenty-four hours a day.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4127586924745262","authorId":"4127586924745262","name":"PanamaHat","avatar":"https://community-static.tradeup.com/news/5112b7616fabf32b3eb5014583d35665","crmLevel":7,"crmLevelSwitch":0},"content":"Go to settings and select what you want to receive.","text":"Go to settings and select what you want to receive.","html":"Go to settings and select what you want to receive."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116957801,"gmtCreate":1622771321003,"gmtModify":1704190847590,"author":{"id":"3585199475673045","authorId":"3585199475673045","name":"Abbiy","avatar":"https://static.tigerbbs.com/821588b30be046b705881f9e3a9840ba","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/116957801","repostId":"1106261871","repostType":4,"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116954464,"gmtCreate":1622771294258,"gmtModify":1704190846591,"author":{"id":"3585199475673045","authorId":"3585199475673045","name":"Abbiy","avatar":"https://static.tigerbbs.com/821588b30be046b705881f9e3a9840ba","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116954464","repostId":"1106261871","repostType":4,"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116955498,"gmtCreate":1622771230714,"gmtModify":1704190845774,"author":{"id":"3585199475673045","authorId":"3585199475673045","name":"Abbiy","avatar":"https://static.tigerbbs.com/821588b30be046b705881f9e3a9840ba","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/116955498","repostId":"1182667134","repostType":4,"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575255834085346","authorId":"3575255834085346","name":"Bwys1990","avatar":"https://static.tigerbbs.com/673a4e44e4f35cc813722cbff0b176b9","crmLevel":5,"crmLevelSwitch":0},"content":"Pls like n Comment back thx","text":"Pls like n Comment back thx","html":"Pls like n Comment back thx"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132472147,"gmtCreate":1622111314889,"gmtModify":1704179656563,"author":{"id":"3585199475673045","authorId":"3585199475673045","name":"Abbiy","avatar":"https://static.tigerbbs.com/821588b30be046b705881f9e3a9840ba","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and 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07:09","market":"us","language":"en","title":"Dow ends day flat as economic comeback plays offset losses in tech","url":"https://stock-news.laohu8.com/highlight/detail?id=1182667134","media":"CNBC","summary":"Cyclical stocks lifted the Dow Jones Industrial Average off its low on Thursday to close the session","content":"<div>\n<p>Cyclical stocks lifted the Dow Jones Industrial Average off its low on Thursday to close the session near the flatline, while better-than-expected labor market data helped support sentiment.The blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/02/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow ends day flat as economic comeback plays offset losses in tech</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow ends day flat as economic comeback plays offset losses in tech\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/02/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cyclical stocks lifted the Dow Jones Industrial Average off its low on Thursday to close the session near the flatline, while better-than-expected labor market data helped support sentiment.The blue-...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/02/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","AMC":"AMC院线",".SPX":"S&P 500 Index","GM":"通用汽车",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/02/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1182667134","content_text":"Cyclical stocks lifted the Dow Jones Industrial Average off its low on Thursday to close the session near the flatline, while better-than-expected labor market data helped support sentiment.The blue-chip Dow closed down just 23.34 points, or less than 0.1%, at 34,577.04 after shedding 265 points at its session low. The S&P 500 declined 0.4% to 4,192.85 and the tech-heavy Nasdaq Composite fell 1% to 13,614.51.The benchmark S&P 500 sits about 1% from its all-time high reached earlier last month, but it has been stuck around these levels for about the last two weeks. The S&P 500 is up more than 11% this year so far.Merck and Dow Inc. were the two best performers in the 30-stock benchmark, both rising more than 2%. Consumer staples and utilities were the biggest gainers among 11 S&P 500 sectors, while consumer discretionary and tech weighed on the broader market, falling 1.2% and 0.9%, respectively.Shares of General Motors climbed nearly 6.4% after the company said it expects its results for the first half of 2021 to be “significantly better” than its prior guidance.On the data front, private job growth for May accelerated at its fastest pace in nearly a year as companies hired nearly a million workers, according to a report Thursday from payroll processing firm ADP.Total hires came to 978,000 for the month, a big jump from April’s 654,000 and the largest gain since June 2020. Economists surveyed by Dow Jones had been looking for 680,000.Meanwhile,first-time claims for unemployment benefitsfor the week ended May 29 totaled 385,000, versus a Dow Jones estimate of 393,000. It also marked the first time that jobless claims fell below 400,000 since the early days of the pandemic.“With ADP knocking it out of the park, and jobless claims breaking that 400k barrier—a pandemic low—all eyes will be on the larger jobs picture tomorrow,” said Mike Loewengart, a managing director at E-Trade. “With seemingly all systems go on the jobs front, the economy is flashing some very real signs that this isn’t just a comeback—expansion mode could be on the horizon.”The market may be on hold before the release of the jobs report Friday, which is likely to show an additional 671,000 nonfarm payrolls in May, according to economists polled by Dow Jones. The economy added 266,000 jobs in April.Investors continued to monitor the wild action in meme stocks, particularly theater chain AMC Entertainment. The stock tumbled as much as 30% after practically doubling in the prior session, but shares cut losses after movie theater chain said it completed a stock offering launched just hours ago,raising $587 million.The stock ended the day about 18% lower.Other meme stocks also came under pressure Thursday. Bed Bath & Beyond fell more than 27%. The SoFi Social 50 ETF (SFYF), which tracks the top 50 most widely held U.S. listed stocks on SoFi’s retail brokerage platform, tumbled more than 6%.Reminiscent of what occurred earlier this year, retail traders rallying together on Reddit triggered a short squeeze in AMC earlier this week. On Wednesday, short-sellers betting against the stock lost $2.8 billion as the shares surged, according to S3 Partners. That brings their year-to-date losses to more than $5 billion, according to S3. Short sellers are forced to buy back the stock to cut their losses when it keeps rallying like this.The meme stock bubble in GameStop earlier this year weighed on the market a bit as investors worried it meant too much speculative activity was in the stock market. As losses in hedge funds betting against the stock mounted, worries increased about a pullback in risk-taking across Wall Street that could hit the overall market. AMC’s latest surge did not appear to be causing similar concerns so far.Here are company's financial statementsSlack tops Q1 expectations, ends quarter with 169,000 total paid customersLululemon first-quarter sales rise 88%, topping estimates, as store traffic reboundsCrowdStrike stock rises as earnings, outlook top Street viewDocuSign stock pops on earnings, outlook beat","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575255834085346","authorId":"3575255834085346","name":"Bwys1990","avatar":"https://static.tigerbbs.com/673a4e44e4f35cc813722cbff0b176b9","crmLevel":5,"crmLevelSwitch":0},"content":"Pls like n Comment back thx","text":"Pls like n Comment back thx","html":"Pls like n Comment back 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