CNBC U.S. Contributors

Michael K. Farr

President & CEO, Farr, Miller & Washington LLC

Michael K. Farr is President and CEO of Farr, Miller & Washington, LLC, a Washington, DC-based wealth management firm. He is Chairman of the Investment Committee and is responsible for overseeing the day to day activities of the firm. Prior to founding Farr, Miller & Washington in 1996, he was a Principal with Alex, Brown & Sons.

Mr. Farr has appeared on The Today Show, Good Morning America, NBC's Nightly News, CNN, BloombergTV, Reuters, and Nightly Business Report. He is also heard on Associated Press Radio, CBS Radio and National Public Radio. He has been quoted in The Wall Street Journal, Forbes, Fortune,The Financial Times, The Washington Post, Businessweek, USA Today, the Australian Financial Review, and many other publications. He hosts a weekly podcast, FarrCast.

Mr. Farr is a sought-after speaker who focuses on topics such as investing, retirement, the current economic situation, the Federal Reserve, and much more. He has presented alongside Federal Reserve Presidents, Director of the National Economic Council Larry Kudlow, financial leaders, and economic forecasters at various speaking engagements around the country.

Mr. Farr is an award-winning author of three books. The first, A Million Is Not Enough,was published by Hachette Book Group USA in 2008. That was followed by 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. and received a Finalist Award from the Next Generation Indie Book Awards in the Current Events/Social Change category.

Mr. Farr is a member of the Economic Club of Washington, DC, National Association for Business Economics, The World Presidents Organization, International Atlantic Economic Society, and The Washington Association of Money Managers.

Mr. Farr is also founding Chairman of the Sibley Memorial Hospital Foundation and a Trustee of Sibley Memorial Hospital and of HEROES, Inc. He is a Director of Goal Financial, LLC and Atlas Financial Group, Ltd. He formerly served as Vice Chairman of the Salvation Army, Chairman of the Travelers Aid Society, and a Trustee of Sewanee, the University of the South, Ford's Theatre, Nation's Capital Progress Foundation, the Paul Berry Academic Scholarship Foundation, and Neediest Kids.

Mr. Farr is a graduate of the University of the South in Sewanee, Tennessee. He is married and has two children.

Follow Michael K. Farr on Twitter @Michael_K_Farr or contact Farr on his website.

More

  • Growth in Consumer Credit

    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.

  • 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.

  • 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?"

  • 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.

  • 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.