We Study Billionaires - The Investor’s Podcast Network

TIP617: Improve Your Investing Operating System w/ Vitaliy Katsenelson

Mar 24, 2024

01:09:24

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Explore how Vitaliy Katsenelson emphasizes aligning passion with investments and utilizing stoicism to navigate volatile markets. Learn about negative visualization, creating value, improving decision-making, and the importance of truth in communication. Dive into market behavior trends and the concept of 'Soul In The Game' for successful investing.

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Quick takeaways

Aligning passion with work cultivates soul in the game, enhancing performance and value delivery in investing and other pursuits.

Stoic practices like negative visualization and the dichotomy of control aid in reducing stress and improving decision-making during market volatility.

Adopting a scientist mindset in communication promotes learning, truth-seeking, and intellectual growth by challenging assumptions and exploring diverse perspectives.

Deep dives

The Concept of Soul In The Game and Alignment in Investing

Having soul in the game provides a unique competitive advantage in investing over those who perceive it solely as a job. It involves a deep alignment with one's work, where identity and occupation are harmonized. This alignment fosters a sense of playing an infinite game, focusing on delivering value with honesty and integrity.

Exploring the Economy of Control and the EJR Framework in Investing

04:18

Seek Truth, Not Approval

01:21

Prioritizing Family, Investing, and Writing

01:14

Soul In The Game: Alignment and Inner Drive

02:04

Introduction

2min

Soul In The Game: Investing with Passion and Integrity

28min

Exploring Negative Visualization and Stress Reduction

4min

Embracing Negative Visualization for Resilience and Growth

6min

Balancing Productivity and Happiness Through Environment and Delegation

11min

Creating Value and Job Opportunities

4min

The Importance of Scientist Mode in Decision Making

14min

Understanding Market Behavior and Current Economic Trends

4min

Kyle Grieve chats with Vitaliy Katsenelson about why we should align ourselves with what we love doing, how stoicism has helped Vitaliy deal with the volatility of negative emotions in the market and life, Vitaliy’s four favorite stoic tools, how to engineer our environments to improve our decision making and decrease costly mistakes, how we can utilize specific modes of communication to foster the learning process, why we should concern ourselves more with the truth and less on being right, how the markets have developed in the last decade pertaining to sideways markets, and a whole lot more!

IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

02:04 - What soul in the game is and why it's so important to understand it if you want to truly excel at investing and other passions.

07:36 - Why meditation is such a powerful tool to help improve stress.

13:40 - How Vitaliy prioritizes areas of his life to ensure he's spending the right amount of time on high-priority areas.

19:13 - How stoicism has helped Vitaliy remove the volatility of negative emotion in the market and life.

20:13 - How investors can utilize the dichotomy of control to navigate volatile markets better.

20:13 - Simple negative visualizations to use on individual stocks and your portfolio to improve decision-making.

36:43 - Why toxic environments can influence us to live by other people's values.

40:30 - Why specific tasks should be delegated so you are focused only on creating value.

48:16 - Why our modes of communication can limit or expedite our abilities to improve and learn.

48:25 - The importance of discovering the truth for successful investing.

And so much more!

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
Buy Soul In The Game here.
Buy The Little Book Of Sideways markets here.
Read Vitaliy’s articles here.
Check out Vitaliy’s fund, IMA, here.
Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
Follow Kyle on Twitter and LinkedIn.
Check out all the books mentioned and discussed in our podcast episodes here.
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We Study Billionaires - The Investor’s Podcast Network

TIP617: Improve Your Investing Operating System w/ Vitaliy Katsenelson