The Intellectual Investor – Value Investing by Vitaliy Katsenelson

Living and Investing with Intention – Ep 276

Jan 16, 2026
Explore intentional living and investing as Vitaliy shares insights on microdosing investments to mitigate risks. He discusses the importance of position sizing amid geopolitical uncertainty and how intentionality shapes our decisions. The conversation dives into modern definitions of value investing and the balance between macro trends and stock selection. Vitaliy critiques ESG labels, highlights AI's role in research, and warns against potential overinvestment in tech. Gain practical tips for navigating today's complex investing landscape!
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ADVICE

Use Microdosing To Limit Catastrophe Risk

  • Microdose position sizes to limit damage from unknown risks and avoid catastrophic losses.
  • Manage clients' emotions by keeping positions small so they don't bail at market lows.
ANECDOTE

A Wake-Up Call At The Vienna Opera

  • Vitaliy missed being present at an opera in Vienna because he was thinking about breakfast.
  • His father told him, "You always want to be somewhere else," which spurred reflection on intentional presence.
ADVICE

Sell When Deterioration Steals Mental Bandwidth

  • Focus on high-quality companies and understand management deeply before holding through declines.
  • If deterioration consumes mental real estate and you lose conviction, sell rather than hope things improve.
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