CNBC U.S. Television

Michael K. Farr

President Farr, Miller & Washington, LLC

Michael K. Farr is President and majority owner of Farr, Miller & Washington, LLC. He is Chairman of the Investment Committee and is responsible for overseeing the day to day activities of the firm. Prior to starting FM&W, he was a Principal with Alex, Brown & Sons.

Mr. Farr is a Contributor for CNBC television and has appeared on The Today Show, Good Morning America, NBC's Nightly News, CNN, BloombergTV, Reuters, and the Nightly Business Report. Mr. Farr is heard on Associated Press Radio, CBS Radio and National Public Radio. And he has been quoted in the Wall Street Journal, Forbes, Fortune, The Washington Post, Businessweek, USA Today, and many other publications. His market blogs can be found on CNBC.com, HuffingtonPost.com and Politico.com. He is a member of the Economic Club of Washington, DC, National Association for Business Economics, The World Presidents' Organization, and The Washington Association of Money Managers. He is the author of A Million Is Not Enough, published by Hachette Book Group USA in 2008, and The Arrogance Cycle, released in September 2011 by Globe Pequot Press. His third book, Restoring Our American Dream: The Best Investment, was released in March of 2013 by Headline Books Inc.

Mr. Farr is the Chairman of the Sibley Memorial Hospital Foundation. He also serves on the Board of Trustees at Sibley Hospital; he is the former Vice Chairman of the Board of the Salvation Army; he is a former member of the Board of Trustees of Ford's Theatre; he is the former Chairman of the Board of Directors of the Traveler's Aid Society, Nation's Capitol Progress Foundation, and the Paul Berry Academic Scholarship Foundation, as well as a member of the Board of the Neediest Kids. Mr. Farr is a graduate of the University of the South in Sewanee, Tennessee. He is married and has two children.

Farr: Investing Now
By: Michael K. Farr
Friday, 9 Jul 2010 | 3:18 PM ET

Three seminal issues have driven the recovery of the past two years: Government rescue money, bank stress tests, and exceptionally low interest rates - all products of government intervention.
Farr: Watch 10 Year Treasury Notes—Bells Don’t Ring At Tops
By: Michael K. Farr
Tuesday, 29 Jun 2010 | 10:39 AM ET

Investors everywhere were stashing whatever money they had into anything that might provide safety. Reflecting on those terrifying days of yore, you might understand why so much buying pressure amid market panic may have driven yields so low, but what about now?
Farr: What To Buy If Housing Double Dips
By: Michael K. Farr
Wednesday, 23 Jun 2010 | 1:00 PM ET

Given that consumer debt levels have barely budged from record highs and that many boomers had been depending on home price appreciation for retirement, we believe the recent housing price declines will cause somewhat of a permanent shift in the saving and spending patterns of middle Americans.
Farr: Two Eco Disasters Undermine Investors
By: Michael K. Farr
Wednesday, 9 Jun 2010 | 12:03 PM ET

Two global Eco disasters are evolving and being handled similarly: they continue to leak, and repair attempts have been ineffective. Residents, citizens, markets, and investors are losing confidence in ever seeing the promised rose gardens of repair and resolution.
Farr: Is the Consumer Really Back?
By: Michael K. Farr
Thursday, 22 Apr 2010 | 9:26 AM ET

Recent economic data has raised investor hopes that a resurgent US consumer will lead a "V-shaped" recovery rather than the "U-shaped" version that many economists had previously expected.
Farr: Goldman Was Naughty!
By: Michael K. Farr
Friday, 16 Apr 2010 | 1:08 PM ET

Wall Street’s truths are hard won, hard learned, and too often forgotten. The balmy breezes of strong earnings and improving economic data continue to waft and are embraced by investors who are enjoying this wonderful respite after last year’s unpleasantness.
Farr: Why Don't We Sell Everything?
By: Michael K. Farr
Wednesday, 17 Jun 2009 | 4:11 PM ET

We've recently received questions from clients that go something like this, "If you are so nervous about the stock market after it has run-up 40% in 3 months, why do I have only 10%-15% cash in my equity portfolio?"
Farr: Weak Dollar Can Kill Green Shoots Faster Than Roundup
By: Michael K. Farr
Thursday, 11 Jun 2009 | 11:31 AM ET

The US Dollar Index, which averages the exchange rates between the US dollar and six major world currencies, has fallen over 10 percent since the high on March 5, 2009.
Farr: How High Can We Go?
By: Michael K. Farr
Friday, 1 May 2009 | 11:12 AM ET

The market continues its relentless climb higher. Since its closing low on March 9, 2009, the S&P 500 is up 29% and appears to be heading even higher today. The index is up 9.5% so far for the month of April - the best monthly performance since March, 2000....For my part, I remain concerned.