Product Description

Ron Muhlenkamp began investing in the stock market in 1968, just as the bull market of the 1960s was about to run headlong into the bear market of 1973–74 and the stagflation of the 1970s. Decades worth of investment knowledge and conventional wisdom came crashing down, and everything that people thought they knew about stocks and investing quit working. So he began his career by starting from scratch. He studied academic theory and conventional wisdom, but also started asking some fundamental questions. How do you figure out what a company is worth, and how do you know what to pay for it in the stock market? When it comes to investing in stocks and bonds, what works and why? The answers are in Harvesting Profits for Wall Street.

Product Details

• Amazon Sales Rank: #231782 in Books
• Published on: 2006-04-01
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 282 pages

Customer Reviews

An Investor from Pittsburgh, PA
This is an excellent book. I have been an investor in the Muhlenkamp Fund for the past ten years. I have witnessed firsthand how Ron Muhlenkamp and his team of analysts avoid the fads promulgated by today's financial media and select stocks based on the principles outlined in this book.

The book is essentially a compilation of the essays written by Ron Muhlenkamp over the last twenty-five years. Very few money managers have the guts to post their past predictions and the the advice they gave to clients in the historical context of what actually happened to the stock market during that period. In doing this, the author has a knack for explaining complex economic concepts and scenarios in a way that anyone can understand.

I especially liked the "Open Letter to My Congressman" which he wrote to Congressman Doug Walgren in 1990. This letter is "dead on" in terms of what the Federal Government needs to do to resolve the looming Social Security crisis. The advice is something that every one of our politicians should heed.

I highly recommend this book to anyone who wants to become a better investor and I expect to turn to it often when I need financial wisdom on how and when to invest. I would also recommend subscribing to the Muhlenkamp Memorandum which is published quarterly.

An Engineer's Perspective
There is definitely a difference in the mind of an engineer - and Ron Muhlenkamp illustrates that clearly throughout the collection of essays bound in this book.

The engineering mind in it's natural form is an analytical one - searching for answers, looking for patters & cause-effect realities - some folks have this inherent line of thinking and those that are trained in engineering disciplines reinforce this type of thinking. I mention it because the clear writing style and simplistic structure of Ron's illustrations are indicative of the engineer mentality - seek, understand, distill and illustrate as simply as possible. The reason that this book is likely to be eye-opening and beneficial to readers is that there is no agenda to the text other than to provide insight - Ron doesn't show four cards and leave the fifth face down.

While this book is not overtly presented as a X-step program to financial wealth, it provides a thorough substructure for thinking and understanding the financial/economic world in which we live. Much like Ben Franklin's claim that of life, liberty & the pursuit of happiness - the citizenry would be responsible for attaining the third - this book will provide the reader with deeper insight and better understanding for the investment world...attaining success therein will be up to the reader.

Good Luck.

Great book . . . gift for family who need some help
Awesome book. Short articles. Some seem to require a business degree to comprehend, but most are easily understood. I bought 2 more copies for family members. Very simple (but not simplistic) approach to complex subject matter. Muhlenkamp does a great job of explaining why capitalism works!