Steve Leuthold

Steve Leuthold

Steve Leuthold has been an investment strategist, manager, and researcher for over 45 years. He is Founder of The Leuthold Group, LLC, an institutional investment research firm established in 1981.

In 1987, Steve initiated a small investment management operation that is driven almost exclusively by The Leuthold Group’s own internal research. Steve served as Chief Investment Officer of the registered investment advisor, was senior executive of the investment portfolio management team, and was a member of Leuthold Funds’ Board of Directors through 2012. Since 1987, assets under management climbed to over $5 billion, including seven mutual funds, and around 200 privately managed accounts. Nearly 85% of assets are managed per the firm’s proprietary active asset allocation methodology.

Considered an industry expert, Steve is frequently cited in leading trade journals, makes appearances on broadcast media financial programs, and is regularly invited to speak at meetings and investment conferences throughout the country. In the past, he has served as a contributing editor, authored articles for major industry publications, and has conducted seminars for industry-related university curriculums including the Universities of Minnesota, Wisconsin, Arizona and St. Thomas.

Steve is the author of many books and articles, including The Myths of Inflation and Investing. He has been a frequent contributor to leading trade journals, including The Wall Street Journal, Barron’s, The Journal of Portfolio Management, The Financial Analysts Journal, Newsweek, and Business Week.

In 1999, Steve and former Leuthold team member Eric Bjorgen co-authored a special study, “Corporate Insiders’ Big Block Transactions”, for which they won the prestigious Charles H. Dow Award. In addition, Steve Leuthold’s Financial Analyst Journal article, “Inflation, Deflation and Interest Rates,” was awarded the 1982 Graham and Dodd Scroll by the Financial Analysts Federation.

Most recently Steve has been spending his time between his Family Office (Leuthold Strategies, LLC) in Minneapolis and continued efforts in obtaining forestland in the U.S. to devote to Wilderness Forests via his Family Foundation. He has spent many hours with the Nature Conservancy of Maine, New York, and New Hampshire to find available land to purchase with the purpose of preserving natural land and wilderness for generations to come. His Family Office is a small investment firm that manages family assets and the Leuthold Family Foundation, as well as private clients.

Steve remains very active in his business, but hobbies include his garden in Maine (five varieties of potatoes), environmental and animal welfare activities, as well as reliving his past as a Rock ‘n’ Roll pioneer. After graduating from Albert Lea High School (Minnesota) in 1956, Steve pursued a higher education at the University of Wisconsin and graduated from the University of Minnesota. He has four children, Kurt, Mike, and Russell Leuthold and Linda Donerkiel. He spends much of his time with his partner of 20 years, Sharon Hovey.

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We are once again providing short summaries of several moments from the MTA Symposium and we will have more next month. As usual, there was too much information from the two-day event to summarize quickly.  In this month’s summary, we present information about the MTA Annual Award Winner Larry Williams, an article with lessons learned over a lifetime in the industry from Steve Leuthold and the rules for a complete trading strategy from Perry Kaufman. There is also a review of a book written by Michael E. S. Gayed, the late father of this year’s Charles H. Dow Award co-author Michael Gayed. This book was originally published in 1990. It was recently republished by the author’s son as a tribute to his father’s life and work. While the book is certainly a tribute to an insightful mind, it is also a modern day primer on what’s important in the markets. The section on economic indicators is one of the most practical collections of indicators ever assembled, and each section concludes with a clear opinion about the indicator’s usefulness. We hope you enjoy this issue and ask you to please continue sending your submissions and comments to Sincerely, Michael Carr [post_title] => Technically Speaking, May 2014 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-may-2014 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:31:20 [post_modified_gmt] => 2020-08-03 15:31:20 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 374129 [post_id] => 44925 [meta_key] => newsletter_content_1_contributor [meta_value] => a:1:{i:0;s:4:"1232";} ) [1] => stdClass Object ( [ID] => 45187 [post_author] => 2 [post_date] => 2014-02-15 12:00:54 [post_date_gmt] => 2014-02-15 17:00:54 [post_content] =>


This year’s Annual Symposium will focus on the fusion of technical analysis with fundamental valuation, behavioral finance, macroeconomics and quantitative methods. The work of three of the scheduled speakers is included in this month’s newsletter. Steven Leuthold explains his investment strategy for the next year and readers can ask him for an update in April at the Symposium. Steve is the only individual who has received the Charles H. Dow Award from the MTA and the Graham and Dodd Scroll Award from the CFA Institute. Dr. Ben Hunt relies on game theory to understand the markets and the economy. Dr. Tucker Balch, a featured speaker, presents the results of research into buying and selling by company insiders that he completed with Scott Strong. Insider trading information is a form of sentiment analysis that technical analysts have used for many years. We also have several other articles this month including Tom McClellan’s look at VIX ETNs and John Bougearel’s review of the current state of the market. Tom presents facts to demonstrate why long-term investors should avoid an ETN that is designed specifically for short-term traders. John presents some interesting chart patterns and provides a forecast based on technicals and fundamentals. He includes an overview of the macroeconomic environment that exists now and at several key turning points in the market. Please send any feedback or work you’d like to share through the newsletter to Michael Carr [post_title] => Technically Speaking, February 2014 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technically-speaking-february-2014 [to_ping] => [pinged] => [post_modified] => 2020-08-03 11:31:39 [post_modified_gmt] => 2020-08-03 15:31:39 [post_content_filtered] => [post_parent] => 0 [guid] => [menu_order] => 0 [post_type] => technically_speaking [post_mime_type] => [comment_count] => 0 [meta_id] => 377815 [post_id] => 45187 [meta_key] => newsletter_content_0_contributor [meta_value] => a:1:{i:0;s:4:"1232";} ) )