The Intellectual Investor – Value Investing by Vitaliy Katsenelson Q&A Series: Research Process, Evaluating Country Risk and Tech Investments – Ep 270
Nov 20, 2025
Discover the art of research as building your own investment world, where trust and criteria align. Learn about a unique rule for determining investment viability in countries, based on your ability to critique leadership. Vitaliy discusses why some investors shy away from tech stocks, emphasizing the need to stay within competence while embracing innovation. This intriguing session takes place during a lively weekend in Omaha, making for a thought-provoking exploration of current investment strategies.
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Think Of Research As Worldbuilding
- Analyzing a company is like building and learning a whole new world to understand its dynamics.
- Experience shortens research time because familiarity lets you quickly update changes in a business.
Stop When You Reach Subjective Comfort
- Do research until you reach a subjective comfort that the investment meets your criteria.
- Combine objective checks with that 'quality' feeling before committing to a purchase.
Use Free Speech As A Country Risk Test
- Avoid investing in countries where you couldn't safely publish criticism of the leader.
- If you'd fear visiting after criticizing leadership, treat that country as uninvestable.
