Muhlenkamp Memorandum Issue #118

Portfolio managers Ron and Jeff discuss the implications of central bank policies across the globe, including negative interest rates, as well as the declining earnings and revenues of the top 3,000 U.S. companies. Tony addresses five fundamental principles for achieving financial freedom in a “Letter to My Daughters.”
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Thoughts On The Future

The future is good! The future is good because large parts of the world population are adopting freer markets. In...
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The Trouble With Government Spending

In 1996, as in any election year, there was much discussion of taxes and government spending. But the discussion often...
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Open Letter to My Congressman

I am disturbed by the current state of affairs in Washington, D.C. You and your colleagues in Congress are addressing...
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This is 20/20

Written in January 1990, this essay looks back at the international growth of free-market economies since the 1960s and their...
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