Muhlenkamp Memorandum Issue #134

Click here for a printer-friendly PDF of the Memorandum.

Refer to the SMA All-Cap Value Fact Sheet for the Top 20 Holdings and performance data as of the most recent quarter-end.

In this Muhlenkamp Memorandum:
Quarterly Letter
Before Ron and I start with our normal topics, please allow us to extend our heartfelt wishes for good health and good luck during this exceptional period. Also, our deepest thanks to all of you that are reaching out to help others. We are continually amazed at the many, many ways we see people helping each other and are inspired and heartened by such actions…

Letter to My Daughters: On Crises and Disasters
Right now, we are in the middle of a crisis. Schools and colleges and churches and businesses are closed. Restaurants are takeout and delivery only. Paper towels and toilet paper and bleach wipes are all sold out…

Register for our Upcoming Webcast
Our webcast, led by Tony Muhlenkamp, is not only timely to the COVID-19 but, the time is now to host this webcast simply because financial planning for college, trade school, your “teen’s” future…should never be a second thought. Don’t panic…we will cover topics that will not resemble the past but the future. Please join this conversation as we think about planning for our financial future,…a bit differently.

Archive Available – February 27, 2020 Webcast
During our webcast, Jeff Muhlenkamp discussed the state of the economy and the threats he perceived to it and the markets.