What’s New
Archive of May 11, 2017 Webcast
When it comes to building our portfolios, we say we build them from the bottom up and then we edit them from the top down. During the Muhlenkamp & Company webcast on Thursday, May 11, 2017, Portfolio Manager Jeff Muhlenkamp along with President Tony Muhlenkamp shared our process. Jeff also talked about some of the key indicators that we are following to give investors an insight into what we are doing and why.MORE ›
Quarterly Letter, April 2017
The plot of the National Federation of Independent Business (NFIB) Small Business Optimism Index since March 2000 is the single most interesting chart we’ve seen in the last quarter. The NFIB conducts monthly surveys of its members in order to better understand the environment in which small businesses are operating. The way we interpret the chart is that small businesses are MUCH more optimistic about their future post-election than they were pre-election...MORE ›
Muhlenkamp Memorandum Issue #122
In their Quarterly Letter, Jeff and Ron interpret a small business optimism chart as well as give their updates to a few pertinent economic developments. The article, Facing the Facts about Your Financial Life reminds you to take some time to assess your current financial situation. Details for our next webcast are also included in this edition of our Memorandum.MORE ›
Archive of February 16, 2017 Webcast
Ron's maxim, “When you change the rules a little, you change the game a lot,” applies to many things in life. During our webcast, Jeff and Ron looked at the potential impact and the second and third effects that changing policies and regulations by President Trump and his new administration could have on the economy. Since the last recession, small businesses have been reluctant to expand because they were unsure of the rules: the possibility of increased taxes, expanding healthcare costs, and more regulations. After the 2016 election, small business confidence spiked. Jeff and Ron debated what may have boosted optimism. They also talked about current interest rates, bond rates, the dollar, and ongoing concerns in Europe.MORE ›
Muhlenkamp Marathon
There are many similarities between training for a marathon and creating a legacy of financial freedom—both take desire, time, effort, and discipline. Our "Muhlenkamp Marathon Financial Training Workbook" contains 26.2 “miles” of financial information to use as a reference guide to keep you on course, including best practices based on current tax rules and regulations, as well as words of wisdom based on experience, observation, and statistics.MORE ›
Working, Saving, and Investing
When Jeff's (co-manager's) teens started asking questions about Ron’s investing process, he found it difficult to answer them well because every question they asked required explaining at least three additional concepts. These concepts are both fundamental and critical to the exercise, so he organized his thoughts and tried to keep it very simple and clear.MORE ›