Discussed by:
Ronald H. Muhlenkamp
Founder, President, and Portfolio Manager of Muhlenkamp and Company, Inc.

As investors suffered through a painful recession during the last two years, Ron Muhlenkamp has studied unfolding developments in the U.S. economy and financial markets. Starting from an analysis of recessions and bailouts, he has identified key signposts of the change, including various leading and lagging economic indicators. This evening Ron will continue that inquiry—examining shifts in consumer spending and corporate balance sheets, exploring credit markets and the state of financial institutions, discussing the Federal Reserve actions—and will begin to describe the “New Normal” and its implications for individual investors.

Attend This Meeting and Learn...
	Where we are with the recession
	Where we are with the bailouts
	What to monitor going forward

Discussed by:
Aravindan Veerasamy, Ph.D.
CFA candidate and Pittsburgh AAII Chapter member

As a value investor and practitioner of behavioral finance, Aravindan Veerasamy has observed how psychological factors influence investment decision making. While we all seek clarity, we must tolerate a degree of uncertainty when making decisions to buy or sell. In this presentation, we will participate in activities that demonstrate how psychological factors affect our decisions, learn from our mistakes in a safe environment and gain important insight for making better investment decisions in the future.

MEETING DETAILS

Date: Tuesday, November 17, 2009 Time: 6:00 – 7:30 p.m.    Registration/Social 6:30 – 7:15 p.m.    Premeeting "Basic Training" 7:15 – 7:30 p.m.    Break 7:30 – 9:00 p.m.    Program Location: Westinghouse Research Center 1380 Beulah Rd., Building 401 Pittsburgh, PA [ Map This Location ]