Muhlenkamp Library
Muhlenkamp Library

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

Investing

Five Key Moves for Generation X Before Retiring

September 13th, 2024|Categories: Investing, Retirement Planning|

As Generation X (born between 1965 and 1980) approaches retirement, planning is more critical than ever. Sandwiched between baby boomers and millennials, Gen Xers have faced unique economic challenges, including the dot-com bubble, the 2008 financial crisis, job changes, and, most recently, the pandemic. These experiences have reshaped retirement realities, making it essential for them to adopt proactive financial strategies. Here are five key moves to consider before hanging up the proverbial work boots: Maximize Catch-Up Contributions At age 50, Gen Xers can make “catch-up” contributions to their retirement accounts, such as 401(k)s or IRAs. These higher contribution limits are [...]

Thoughts On: The Yo-Yo Problem with Investing

September 3rd, 2024|Categories: Investing, Prices, Stocks|

The job of a professional money manager is to make people money.  As difficult as that is, the job of the client service manager can be even harder.  Client Service has to make people happy.  I used to think that if we made people money, then they would be happy.  I have learned we have to help people be happy long enough for us to make them money. Out of necessity, I have formulated some ideas about helping people be happy about their investments.  The most critical (and some might think the most obvious) lesson I have learned is that [...]

Thoughts On: Corrections, Crashes, Recessions, and Inflation

August 8th, 2024|Categories: Articles, Investing, Recession|

On Tuesday, August 6, I had two separate conversations with two very different people: a client with a million-dollar portfolio and a friend who has some Bitcoin.  And they asked the same question, “What should I do?” I had not been paying attention to the world since Thursday, so my first question was “About what?”  They replied,  “The Market!” and caught me up on all the terrifying things that were happening. Once I was up to date my immediate (and terse) response was “Nothing, don’t worry about it.”  They found that less than satisfactory and asked me to elaborate just [...]

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: On 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 [...]

Our Investment Process

March 8th, 2024|Categories: Investing|

Owning Good Companies We are only interested in owning good companies, but we can turn a good company into a bad investment if we pay too much for it. We use a business-like evaluation of each company designed to identify what a company is worth as a business. Return on Equity and Price per Earnings Since World War II the average return on corporate shareholder equity has been about 14%. We like better than average companies, so we look for companies with ROE over 14%. In a climate of 2 1/2% inflation and 4-5% interest rates we need to see [...]

Jeff Muhlenkamp on the Claman Countdown 8/15/2023

August 15th, 2023|Categories: Interviews, Investing, News, Recession, video|

Jeff Muhlenkamp was part of the live interview, “Fed must keep rates ‘higher for longer’ if US economy is going to grow: Stephen Guilfoyle” aired on August 15, 2023. If you wish to view this video, visit Fox Business Network’s The Claman Countdown here: Watch a Recording of Jeff’s Interview . Please note that clicking here leaves the Muhlenkamp and Company website and enters a third-party website. Muhlenkamp is not responsible for, nor can guarantee the accuracy of, any information contained on a third-party website. In the interview, Jeff explains why he isn’t a momentum investor. He also discusses his [...]

Jeff Muhlenkamp Quoted in Wall Street Journal

July 30th, 2023|Categories: Interviews, Investing, WSJ|

Jeff Muhlenkamp was quoted in the Wall Street Journal article, "Dow Notches Longest Winning Streak Since 1987," published on 7/27/2023. If you have a WSJ subscription, you can click here to read the article   The opinions expressed in the article are those of Muhlenkamp and Company and are not intended to be a forecast of future events, a guarantee of future results, nor investment advice.

Jeff Muhlenkamp on The Claman Countdown 6/26/2023

June 29th, 2023|Categories: Interviews, Investing, video|

On 6/26/2023, Portfolio Manager, Jeff Muhlenkamp was a guest on The Claman Countdown.  Watch the episode, “Oil markets moving on aborted Russian mutiny a knee-jerk reaction: Jeff Muhlenkamp,” available on the Fox Business Network website. Watch a Recording of Jeff’s Interview Please note that clicking here leaves the Muhlenkamp and Company website and enters a third-party website. Muhlenkamp is not responsible for, nor can guarantee the accuracy of, any information contained on a third-party website.   The opinions expressed in the video are those of Muhlenkamp and Company and are not intended to be a forecast of future events, a guarantee [...]

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