The Intellectual Investor

No Shortcuts To Greatness: The Path To Successful Investing – Ep 217

Apr 12, 2024

The podcast discusses the importance of research and preparation in stock ownership, using personal experiences with stocks like Uber and Apple. Emphasizing the significance of diversification and careful position sizing, it warns against hasty decisions and promotes disciplined investing as a dedicated process.

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Quick takeaways

Conduct thorough research before investing to avoid blindly following others' opinions.

Learning from past mistakes and adapting to new information is crucial for long-term investing success.

Deep dives

Importance of Doing Your Own Research in Investing

Investing requires thorough research and not relying solely on others' opinions. The podcast highlights the importance of conducting in-depth analysis before making investment decisions. It discusses a personal incident where a follower mistakenly invested in a stock based on the podcaster's holdings, emphasizing the risks of blindly following others in the market. The speaker stresses the need for individual research, spending hours analyzing factors like financial reports, listening to conference calls, and understanding the company's strategies. Doing your own research is crucial to successful investing and avoiding unnecessary risks.

Introduction

3min

The Importance of Research and Preparation in Stock Ownership

4min

Emphasizing Research and Diversification in Investing Philosophy

3min

One of my principles in life is to have a net positive impact on the people I touch. If every single stock I discussed only went straight up, I wouldn’t have to worry about it. But this is not how life works.

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WHO AM I: Vitaliy Katsenelson is the CEO of Investment Management Associates (IMA) in 2012. Forbes Magazine called him “The New Benjamin Graham.” He’s written for publications including Financial Times, Barron’s, Institutional Investor, and Foreign Policy.

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