Muhlenkamp Library
Muhlenkamp Library

(724) 935-5520
Muhlenkamp & Company
5000 Stonewood Drive
Suite 300
Wexford, PA 15090

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Thoughts on Active and Passive Investing

May 3rd, 2024|Categories: Investing|

I had the opportunity to talk with students in the Finance Department at Duquesne University about Active and Passive Investing. We covered a LOT of ground in a short period of time and ran into the problem of trying to drink from a fire hose. So, I’m writing on the topic in the hope of a more coherent presentation. The topic of Active and Passive Investing suffers from a severe bootstrap problem because each term has multiple definitions, the concepts have changed over time, and you keep having to go one level deeper to make sense of things. It’s fascinating, [...]

Letter to My Daughters: What Grandpa Taught me

April 3rd, 2024|Categories: Investing, Letters to My Daughters, Saving|

Girls, you know how I can get sentimental about family sometimes. This is one of those times. As you continue to make your way in the world, I think about how much Grandpa has tried to teach me over the years, and how important it is to me to pass those ideas along to you. Here are my “Top 10”: 90% of life is mental. This includes work, school, sports, happiness, everything. Your body, heart and soul will follow your mind. Decide you are a hard worker, decide you are happy, and you will find that you are IN FACT those [...]

State of the Economy – Fall Update 2022

October 31st, 2022|Categories: Investing, video|

Jeff Muhlenkamp brings us up to date on what he is monitoring in the investing environment. Some things he keeps an eye on are the Consumer Price Index, the money supply, consumer spending, business investments, and the strength of the dollar. Ron Muhlenkamp also comments on the current high inflation and how we have been though similar times in the ’70s.  Here is a link to the slides used during the presentation or watch the video from the in-person seminar.   The opinions expressed are those of Muhlenkamp and Company and are not intended to forecast future events, guarantee future results, [...]

Ron’s Charts 2022

February 9th, 2022|Categories: Investing, Saving|

Here are some of Ron’s favorite documents for your reference: – Basic Financial Maxims I Want My Kids to Know – Corporate Profit Margins – Employment Costs – Reading List for Life and Investment Fundamentals 101 – Reflecting over 40 Years—Lessons Learned and Changes Observed – Technology Adoption in U.S. Households (Interactive chart available on Our World in Data website.) – U.S. Personal Consumption Expenditures Per Capita – U.S. Workers Are Owners: They Just Don’t Realize It – 2022.02.16 Ron’s Presentation with Itai Parnes   The opinions expressed are those of Muhlenkamp and Company and are not intended to forecast future events, guarantee future results, or offer investment advice.

Value Investing Live Recap with Ron Muhlenkamp

August 18th, 2021|Categories: Investing, Risk, Saving, video|

GuruFocus invited Ron Muhlenkamp to be a guest speaker on the Value Investing Live series.  During Ron’s presentation on August 18, 2021, he covered the following topics: • The Problem with Inflation • Inflation, Business Cycles, & the Population • Failure of Macroeconomics • Fundamental Value • Life Cycle of Industries • Market Corrections • Audience Q&A Graham Griffin, Editorial Assistant at GuruFocus published the following article, “Value Investing Live Recap: Ron Muhlenkamp,” which includes a link to Ron’s presentation. We hope you enjoy the summary and the video! Please note that clicking here leaves the Muhlenkamp and Company website and [...]

Make More, Spend Less

March 29th, 2021|Categories: Investing, Retirement Planning, Saving|

A New Virtual Lunch & Learn Series “Financial Independence: It’s not a Sprint, it’s a Marathon” Part 2: “Make More, Spend Less” A topic everyone likes to talk about: Increasing Income.  A topic no one wants to really talk about: Debt! Just like any fitness plan, you need to move your attention to where it is required! In Part 2 of our Lunch & Learn series, we look at alternatives to making more and spending less.  Eliminating debt should naturally help you sleep better at night! WORK TO MOVE YOUR ASSETS TOWARD THE AREAS WHERE RETURNS ARE HIGH AND PAY OFF DEBTS WHERE [...]

Setting Short- and Long-term Financial Goals

March 3rd, 2021|Categories: Investing, Retirement Planning, Saving|

A New Virtual Lunch & Learn Series “Financial Independence: It’s Not a Sprint, It’s a Marathon” Part 1: “Setting Short- and Long-term Financial Goals” There are many similarities between training for a marathon and achieving financial independence. Both take desire, time, and effort, and as the saying goes, it’s not a sprint but a marathon of discipline. Just like any fitness plan, once you have reached your goals, you must maintain them. But let’s back up. We need to get you to the Starting Line of the Financial Marathon. THE STARTING LINE At the Starting Line, it’s a time when [...]

The Difference Between a Savings Account and Investing 

August 13th, 2020|Categories: Investing, Saving|

The words saving and investing seem to always go together, like peanut butter and jelly, or death and taxes. And they do belong together, because before you can invest, you have to save. Saving is spending less than what you make and putting the difference aside for later. It’s delayed gratification, it’s the old fable about the summer ant and the winter ant. Saving is taking precautions against, and preparing for, an unknown and predictable future. Investing takes that one step further, and it’s largely a function of your time horizon for the money you are making and saving. Savings [...]

Mapping Your Financial Future: It’s Never Too Late to Save for College

June 22nd, 2020|Categories: Investing, Saving|

Our webcast, led by Tony Muhlenkamp, takes a fresh look at an old topic: how do we save for college? Given the past few months, should we change the way we plan and save for our children’s education? Watch the webcast to hear our ideas on planning for your financial future. MAPPING YOUR FINANCIAL FUTURE - It’s Never Too Late to Save for College.2020.05.28 from Muhlenkamp & Co on Vimeo. If you have questions or comments about the content of the webcast, don’t hesitate to send us a message or call us at (877)935-5520. The opinions expressed are those of Muhlenkamp and [...]

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