Ron's Road to Wealth: Insights for the Curious Investor
Over the course of his successful career, nationally recognized investment manager Ron Muhlenkamp has discovered some interesting things about investing and economics. Along the way, he's seen what it takes to make it in various market conditions, and now, with Ron's Road to Wealth, Muhlenkamp shares the lessons he's learned and shows you how to apply them to your everyday investment endeavors.Drawing on forty years of hard-won market experience, Muhlenkamp outlines the fundamental principles that govern intelligent investing and answers the questions that all investors need to know, from "How do you figure out what a company is worth and how do you know what to pay for it?" to "What works and why, when it comes to investing in stocks and bonds?" Filled with practical advice focused on the business of investing, this reliable resource will not only help you understand why our economy drives the markets, but it will also show you how to leverage this relationship to your advantage.Divided into two comprehensive parts, Ron's Road to Wealth will help you invest more thoughtfully and successfully. First you'll become familiar with "The Basics of Investing," because a solid foundation in this field is essential if you intend on making any sense of the changing, and often conflicting, investment information out there. After this brief overview, you'll be introduced to a collection of Muhlenkamp's writings from 1979 to 2007. "The Essays"—which illustrate why the market behaves as it does and how the intelligent investor can decide where to invest his or her money—cover a broad range of topics, including personal finance and estate planning, the effects of taxation and government spending, the benefits of free trade and free-market economies, and much more. Some of the essays were written in response to changes in the market that the investing public had not yet recognized, while others were created to debunk prevalent investment misconceptions that were leading people down the wrong path. All remain relevant today.In order to invest intelligently, you must analyze the past, assess the present, and prepare for the future. With Ron's Road to Wealth as your guide, you'll learn how to do this and much more, as Muhlenkamp encourages you to weigh your experiences against his insights and make decisions based on your specific situation—not a one-size-fits-all formula.