Ron’s Reading List

Ron’s reading list for life and investment fundamentals includes recommended books on the topics: the way things work; why you’ll...
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Some Things I Would Have Liked To Have Known Sooner

Here is a collection of items published by Ronald H. Muhlenkamp, including: • “Reading List For Life And Investment Fundamentals 101” • “Basic Financial Maxims I Want My Kids to Know” • “Muhlenkamp’s Musings on Economics” • “Employment Costs” • “U.S. Personal Consumption Expenditures” • “Reflecting over 40 Years—Lessons Learned and Changes Observed
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Yield = Income = Caution!

This essay gives examples of why you should completely understand what you are buying before you buy it. Be sure...
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Let’s Get Real: Understanding Your Purchasing Power

You must understand the difference between a nominal interest rate and a real interest rate to determine your purchasing power....
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Learning the Difference between Price and Value: Take Your Child to an Auction

Price vs. Value—there is no better place to learn the difference in these commonly used terms than by participating at...
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The Frugal Consumer: Will It Last?

Any time you talk about recession, be aware there are multiple definitions — and if you are using one definition...
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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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Consumer Spending

Consumer spending and consumer debt are often used as indicators of the health of the economy. If consumer spending is...
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The Basics of Investing

This booklet is a brief overview of the fundamentals of intelligent investment management — an attempt to answer the following...
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Foreign Investing

Just as many investors fail to take changes in inflation into account when evaluating investment choices, many also fail to...
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