The Intellectual Investor

Stoic Tools to Become a Great Investor – Conversations with Vitaliy – Ep 29

Mar 5, 2024

Explore stoic tools for becoming a great investor by embracing principles like control over thoughts, using negative visualization. Learn to recognize emotions in investing and observe heroes like Warren Buffett for decision-making guidance.

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Episode guests

Vitaliy Katsenelson

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Quick takeaways

Investing requires a process-driven approach focusing on decision-making and values, akin to the stoic philosophy concept of the Academy of Control.

Negative visualization helps in emotionally preparing for potential setbacks in investing to build resilience and identify market opportunities through understanding pre-emotions.

Deep dives

The Academy of Control: Being Process-Driven in Investing

Investing requires a process-driven approach where individuals focus on decision-making and values, similar to the stoic philosophy concept of the Academy of Control. This concept emphasizes that what's within our control are our actions, values, and reactions, while external factors are not. In investing, one can control their decision-making and process, but not external market events or company outcomes. Being process-driven in investing allows individuals to navigate through market uncertainties and focus on what they can influence.

Embracing Stoic Principles in Life and Investing

4min

Exploring Emotions and Learning from Heroes in Investing

2min

Use these stoic tools to become a great investor.

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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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