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 … More >>
Harvesting Profits on Wall Street: Essays in Investing
Investment strategy | Investing online | Stock market investing
There is very little in this book about investing, that is, stock or fund selection. It is basically a book about economics. Suffice to say that Mr Muhlkamp is a big fan of the flat tax, trickle down economics, Reaganomics, small government, etc. I’m not sure why he chose this title for the book, it’s very misleading.
Rating: 3 / 5
I bought this book based on the reviews I read here. I was extremely dissapointed with this book. He shouldn’t have the word “investing” in the subtitle. A good portion of this book revolved around his political philosophy and point of view. Most of the chapters he started with a premise and then did a very poor job of backing them up. Read the whole book and didn’t really feel like I learned much of anything about value investing or investing at all. Well I guess just trying to even out the glowing reviews here. Not a horrible book, but did very little to advance my investing knowledge.
Rating: 2 / 5
Many books have been written about investing, but this one is among the few books that have been helpful to me as a novice investor. Muhlenkamp has a way of writing about complex topics in a way that is easy to understand. His essays about evaluating the impact of taxes and inflation on investment returns and recognizing economic climates changes were especially helpful to me.
Rating: 5 / 5
Ron’s book helps to understand the investing principles such as the real returns, inflation and interest rate. The essays in the books explain the triggering factors and the consequences behind these variables. Thus one could make a better judgement whether the current situation is good for borrower(Companies,home owners) or for the lender(Investor).
Rating: 5 / 5
This is a fascinating book to read—and unlike most books on investing—it is actually interesting, easy to comprehend, and filled with common sense analyses of the impact of the loss of buying power on each of us and logical approaches to negate this erosion of assets over time. The pure simplicity is refreshing. Hats off to the author of a book I can actually read and use—for the rest of my life. Five stars +++
Rating: 5 / 5