Essays

Warren Buffet has said people should be limited to 3 investment decisions in their lifetime. Well, hiring a money manager would certainly count as one of those three, and you wouldn’t want to waste it. Link to the full PDF: How to Choose a Money Manager by Tony Muhlenkamp

I have conversations with clients about estate planning, and the topic of Trusts invariably comes up. Trusts can be good solutions to specific problems, but they can be expensive and complicated solutions to problems that have easy, inexpensive solutions. Trusts are used to leave money to people you do not trust—right now—to take care of your hard-earned assets. To know whether a Trust is the solution to your problem, we start by defining the problem (or problems) the Trust is intended to solve through a series of questions. Are you worried about what the heirs will do with an inheritance? [...]

Ron Muhlenkamp updates his “Workers Capitalism Triumphs” from October 1987. Link to the full PDF: U.S. Workers are Owners, April 2024   The opinions expressed are those of Muhlenkamp and Company and are not intended to forecast future events, guarantee future results, or offer investment advice.