Value manager Ron Muhlenkamp, whose fund has beaten the S&P 500 by about 5% per year over the past decade, says he’s keying in on several financial services firms, as well as technology stocks. Muhlenkamp tells CNBC that he thinks that, while people are now saving more of their money, they’ll eventually want to return to riskier assets. When that does happen, investors will be turning to financial services firms for advice on how to do better than they have in recent years, boosting shares of those companies, he says. Muhlenkamp also discusses the factors that have led him to now own no bonds.