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#46 Vitaliy Katsenelson: Soul in the Game

Investing by the Books

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The Importance of Negative Visualization

You can do what's called negative visualization. You can basically make an assumption that at some point your portfolio is going to be down 20 or 30%. Or you can look at it and say at this point in time, the market has an opinion on my companies. And through my research, here's what I think these companies were. So far, everything I told you comes from Stake Philosophy. But let's take a step further. Marcus Aurelius had this idea: He said, when you go to a fancy restaurant, and there is a very sophisticated menu, where it says, if the salmon, this honey glaze basil, and you keep going, like in a whole bunch

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