The Six Commandments of Value Investing

The value investment principles have not really changed. What has changed, I would argue, is kind of economic landscape. We still want to be around other human beings. Some jobs where interaction between employees is not very important will become more remote.

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Clay Finck chats with Vitaliy Katsenelson about what Vitaliy looks for in the companies he invests in, how he thinks about the discount rate in his valuation process, and more.

Vitaliy is the CEO of Investment Management Associates and is the author of the Little Book of Sideways Markets.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:03 - How Covid-19 has changed the game of value investing.

18:44 - How Vitaliy ensures that managements incentives are aligned with that of the shareholders.

21:22 - Why buying great companies might not be a good investing strategy.

30:53 - Whether Vitaliy believes that 100% stocks can give investors a well-balanced portfolio.

38:34 - What Vitaliy thinks about China’s rise as a global powerhouse and how it might affect the financial markets.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Vitaliy Katsenelson’s website Contrarian Edge.
Vitaliy’s book, The Little Book of Sideways Markets.
Listen to Vitaliy’s articles here.
Related episode: Listen to MI125: Investing Like Warren Buffett w/ Jake Taylor, or watch the video.
Get a FREE audiobook from Audible.

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Connect with Vitaliy: Website | LinkedIn | Twitter

Connect with Clay: Twitter

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