The Intellectual Investor

Advice Every Young Person Needs To Hear – Conversations with Vitaliy – Ep 3

Sep 5, 2023

The podcast discusses the link between effort and success and gives advice to young people on creating advantages, achieving small victories, building relationships, and diverse learning.

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Quick takeaways

Focusing on the process rather than the outcome is crucial in navigating the randomness and complexity of the real world.

Building strong relationships and being versatile in the workplace are key to standing out and succeeding in a competitive job market.

Deep dives

Success is not directly linked to effort

In the real world, the link between effort and success is not direct. Unlike in college where hard work often leads to good grades, real life is filled with randomness, good luck, and bad luck. To navigate this complexity, it's important to focus on the process rather than solely on the outcome. For example, when searching for a job, instead of just applying through LinkedIn like everyone else, try different strategies like reaching out to hiring managers directly and showcasing why you're a unique fit for their company. Persistence and creating your own luck are key to standing out in a competitive job market.

The Link Between Effort and Success: Advice for Young People

3min

Advice for young people: Creating advantages, small victories, building relationships, and diverse learning

4min

Advice Every Young Person Needs To Hear - Conversations with Vitaliy - Ep 3

Very often, people come to me asking for advice. Here is the advice I have to offer young people today.

📩 Sign up for my free weekly email newsletter https://vitaliy.substack.com/

🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/

📚 GET MY BOOKS

Soul in the Game – https://tinyurl.com/yzh486ep

The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2

Active Value Investing – https://tinyurl.com/ywfczy8u

MY KEY LINKS

🌍 My website/blog – https://investor.fm/

🔗 Business Website – https://imausa.com/

🐦 Twitter – https://twitter.com/vitaliyk

📸 Instagram – https://www.instagram.com/vitaliyk/

WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy became Chief Investment Officer in 2007 and CEO in 2012. Vitaliy has written two books on investing and is an award-winning writer. Known for his uncommon common sense, Forbes Magazine called him “The New Benjamin Graham.” He’s written for publications including Financial Times, Barron’s, Institutional Investor, and Foreign Policy. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book.

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