Muhlenkamp Memorandum Issue #127

Ron and Jeff state in their quarterly letter that the U.S. economy is doing well, but there are a number of things that could start to cause problems. In his article, "Relevant Elements for Investment Strategy," Tony looks into a few factors of investing such as time horizon, risk management, and price. Details on our upcoming webcast are included.
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Muhlenkamp Marathon Financial Training Workbook

There are many similarities between training for a marathon and creating a legacy of financial freedom—both take desire, time, effort, and discipline. Our workbook contains 26.2 “miles” of financial information to use as a reference guide to keep you on course, including best practices based on current tax rules and regulations, as well as words of wisdom based on experience, observation, and statistics.
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How Much Money Are You Willing to Lose for a Theory?

There are a lot of theories that people use when choosing investments for their portfolio. Unfortunately, they are only theories,...
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Review of “What Works on Wall Street”

A friend asked me to review the book What Works on Wall Street, by James P. O’Shaughnessy. The book was...
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Diversification: Too Much of a Good Thing

We often hear the phrase “Don’t put all your eggs in one basket.” We think that’s good advice. We always...
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