Ron Muhlenkamp

Ron Muhlenkamp 2013 Letter: Ben Graham 'Why The Markets Went Down'

Ron Muhlenkamp 2013 Letter to investors (see Q4 letter here)

January 6, 2014

Dear Clients and Shareholders:

We started our firm, Muhlenkamp & Company, Inc. in 1977 and created the Muhlenkamp Fund in 1988, so in 2013, the Company turned 36 years old and, on November 1, the Fund turned 25. We are grateful to all of you for making it happen. Few money managers last that long, and fewer still are able to maintain . . .


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