5min chapter

State of the Markets cover image

#160 Vitaliy Katsenelson - Soul in the Game

State of the Markets

CHAPTER

The Little Book of Sideways Markets

Shraf: One of the frustrations of value investing is, and I was really intrigued in the book that you you spend some time going into the the literal philosophy of stoicism. There's a Ben Graham quote I think there's quite a bit relevant to this topic, which is you are neither right nor wrong because the crowd disagrees with you. You're right because your data and reasoning are right. And for me, those two sentiments are almost the same, the same sentiment. Shraf: We should set a goal not for someone to love us, but to behave according to our values to be worth loving and to be a good caring partner.

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