Amitai Etzioni: We need to separate our thoughts, analysis from action. When the market whispers that this is the right time to buy or act on that idea, that is when we should do rather than immediately after finishing our analysis. Let action take its own time instead of you forcing an action just because you as an investor have finished your analysis and say now this is a time to act. You touched about stoicism and something which I have read off and on some books or that, especially from Seneca on the shortness of life and Marcus Aurelius meditation.
Vitaliy Katsenelson is a value inevstor and CEO of Investment Management Associates. He is also the author of Soul in the Game: The Art of a Meaningful Life. In this episode, we discuss his journey as a value investor, how investors can practice thoughtful arrogance to make sound investing decision, the idea of being a student of life, stoicism, what having soul in the game really means, and much more.