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Paradise lofts guitar1/18/2024 Funeral service will be held at 2pm on Apat Christ Episcopal Church in Albert Lea with visitation 1 hour prior. But I can live without it." In lieu of flowers, donations to Alzheimer's Research or Wilderness Protection are preferred. There is a warm comfort in being part of the herd. When everybody loves something, we sell it. When everybody hates something, we buy it. Steve's viewpoint on investing, which he also embodied in his personal life, can be summed up in his quote, "I am contrary but not for the sake of being contrary. Steve was an inspiration to everyone who knew him. He was a committed philanthropist, often giving anonymously yet living modestly. He loved his wife, Jeannette, and their two cats. He loved his children, and time together was important. He had a dedicated group of lifelong childhood friends who met yearly to celebrate "Stagnation." His professional colleagues and co-workers became his esteemed friends. He wasn't only the life of the party, but actually was the party! He forged many strong relationships and made many lasting and loyal friends. He loved canoe trips, camping trips, and road trips. He loved to play guitar and sing classic country songs, as well as his own. He was quick to laugh and to find humor in both work and play. Steve always lived life to the fullest and loved to have fun, play music, drink beer, and live life. Eventually, he moved to Carlsbad, California where he lived out his final years with Jeannette. Typical of his contrarian ways, instead of going south for the winter, he went back to Minneapolis. He loved being on the Maine coast growing potatoes and befriending the local lobstermen. He then spent over thirty summers living on Bailey Island in Maine, his favorite place in the World. Steve launched his investment career in Minneapolis and had four children with his first wife, Sharon Robinson. The Leuthold Family Foundation supports various non-profits, including conservation, animal welfare, historic preservation, and human services. He liked to tell people he was the likeness for Pig's Eye Parrant. He was co-owner of The Alps nightclub in Bloomington, MN in the late 1960s, and a one-time concert promoter of "The Show" at Pontiac Stadium in Michigan on the Bicentennial, a development partner and first resident of Itasca Lofts in Minneapolis, and an investor and founding board member of Minnesota Brewing Company. Most of these ventures were driven by his desire to be a part of something fun and often didn't make good business sense. Steve was involved in various other business ventures during his lifetime. In 2015 he was inducted into the Twin Cities Business Hall of Fame for his lifetime of achievement. Steve enjoyed running against the grain and not running with the herd. He was known for his often contrarian views. He frequently contributed to The Wall Street Journal, Barron's, Newsweek, and Business Week. He made numerous appearances on broadcast media financial programs and regularly spoke at investment conferences nationwide. He became a leading national expert in the investment field. The Leuthold Group flourished and eventually expanded into mutual funds. In 1981 Steve founded The Leuthold Group, an institutional investment research firm. He first worked as a commodities trainee at Cargill, an investment analyst at Paine Webber, an investment strategist at Piper, Jaffray, & Hopwood, and a portfolio manager at Criterion Investment Management. While in the Guard, his captain interested him in the investment business. After graduation he joined the Army National Guard to help pay college tuition, graduating from the University of Minnesota in 1960 with a degree in History. He graduated from Albert Lea High School in 1956. He wrote songs, sang, and played guitar in the rockabilly band Steve Carl and the Jags in the mid-1950s. Steve was born October 23, 1937, in Albert Lea, Minnesota, to Mabel and Carlos Leuthold. He was preceded in death by sister Sally Willyard, brothers-in-law John Willyard and Elmer Peterson, nephew Jack Willyard, and niece Ann Willyard. Survived by wife Jeannette Scollard Leuthold sister Judy Peterson, Colorado Springs sons Michael Leuthold of Paradise, AZ, Kurt (Tiffany) Leuthold of Eagle River, MI, and Russell (Cheri) Leuthold of Waukee, IA daughter Linda (Jim) Donerkiel of McCall, ID niece Carla (Paul) Stockburger of Billings, MT grandchildren Sophie Leuthold, Vin Leuthold, Elly (Victor) Blanco, Ethan Leuthold, Katrina Leuthold, Ben Donerkiel, and Jill Donerkiel step-grandchildren Sydney Bemoras, Taylor Weil, and Ashley Weil great-grandson Briar Donerkiel. Leuthold, Steven Carl Age 85, a former long-time Minneapolis and Bailey Island, Maine resident, passed away peacefully at his home in Carlsbad, California, on March 7, 2023.
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