Muhlenkamp Library
Muhlenkamp Library

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

Investing

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 [...]

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 [...]

Jeff Muhlenkamp on The Claman Countdown 1/31/2023

February 1st, 2023|Categories: Interviews, Investing, video|

On 1/31/2023, Portfolio Manager, Jeff Muhlenkamp was a guest on The Claman Countdown with host Liz Claman.  Watch the episode, “Wall Street facing ‘steep selloff’ if January jobs number comes in hot: Scott Bauer,” 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 [...]

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.

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