Aside from his ability to beat the market consistently for the long term, we admire Muhlenkamp for his independent thinking and colorful investment commentary. He often likes to bring to the market lessons he learned growing up on an Ohio farm. He told Financial Planning (2/06) in a recent interview, “Like crops, stocks don’t grow every month. In fact, only about half of what you plant actually comes to harvest. Patience is key.
Ron Muhlenkamp founded investment management firm Muhlenkamp & Company in 1977. In 1988, he launched a no-load mutual fund, Muhlenkamp Fund (MUHLX). As of year end 2005, the fund delivered an annualized return of 17.1% over the past 15 years, compared to 11.5% for the S&P.