How to Successfully Value Invest During a Bear Market w/ Vitaliy Katsenelson (CEO of IMA)

In this episode, Shamus Madan chats with Vitaliy Katsenelson about his journey into investing, the concept of value investing, and the role of managerial ability in assessing a company's worth. They debunk stock chart misconceptions, discuss the importance of people in a company's success, and how value investing adapts to market conditions. Vitaliy also shares his networking strategies in the investment industry and offers advice to young investors.

So today, Vitaliy Katsenelson sits down with Shamus Madan. Vitaliy immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, he became Chief Investment Officer in 2007, and CEO in 2012. Vitaliy has written two books on investing and is an award-winning writer. Known for his uncommon common sense, Forbes Magazine called him “The New Benjamin Graham.”

He’s written for publications including Financial Times, Barron’s, Institutional Investor and Foreign Policy. His articles are also published on his website, ContrarianEdge, and in audio format on his Intellectual Investor Podcast.

Now before we begin the podcast is not a recommendation to buy or sell any stocks holdings or securities, it is not a research report, and it meant for informational purposes only.

(0:00) Introduction to guest Vitaliy Katsenelson (1:15) Vitaliy's journey into investing and comparison between value investing and trading (4:20) Deep dive into the concept of value investing (7:44) Importance of managerial ability in evaluating a company's worth (9:44) Misconceptions about stock charts and what to focus on instead (12:02) The role of people in a company's success and how value investing varies in different market conditions (13:43) The significance of networking in venture capital and value investing (14:26) Strategies to build a robust network in the investment industry (15:39) Where to learn more about Vitaliy Katsenelson and his work (16:39) Vitaliy's advice to young investors and conclusion of the interview (17:18) Call to subscribe to the MBIT podcast