Memorandum #149

In their January 2024 Quarterly Letter, Jeff and Ron Muhlenkamp recap 2023 and look at the state of the economy at the start of 2024.  They also explain their reason behind why they have significant portfolio holdings in certain industries.  Tony Muhlenkamp provides advice regarding careers and investing in his article, “Letter to My Daughters: On How to Get Started.”

Link to full PDF: Memorandum #149, January 2024