The Intellectual Investor – Value Investing by Vitaliy Katsenelson

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_193_-_Attend_a_Party_in_Your_Own_Head_v1_2023-06-07.mp3 Good thoughts bring you happiness; bad thoughts poison you with anxiety and pain. 📩 Sign up for my free weekly email newsletter https://vitaliy.substack.com/ 🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game – https://tinyurl.com/yzh486ep The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/ WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. The post Attend a Party in Your Own Head – Ep 193 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_192_-_You_are_-_What_you_think_about_Recession__Economy__Stock_Market_v2_2023-06-01.mp3 I’ve been asked by many readers and some clients for my thoughts on the economy and recession.  As I am typing this, I’m thinking about how much ink I should be spilling on writing about the recession and how much time we, as investors, should be allocating to thinking and worrying about it. Firstly, our ability to predict it is very limited – the economy is a complex system and thus incredibly difficult to forecast. Don’t believe me? The Federal Reserve employs a few hundred PhDs who stare at economic data 24/7 and they have yet to get it right, even once. Secondly, recessions are not a death sentence to the economy but a natural, transitory phase. 📩 Sign up for my free weekly email newsletter https://vitaliy.substack.com/ 🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game – https://tinyurl.com/yzh486ep The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/ WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. Please read the following important disclosure: https://contrarianedge.com/disclosure/ The post You are – What you think about (Recession, Economy, Stock Market) – Ep 192 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_191_-_Advice_to_Young_People_v1_2023-05-22.mp3 I don’t know when I graduated to giving job-seeking advice. However, I know that my scribbles are read by a lot of students and their parents, so I thought I would share this with you. 📩 Sign up for my free weekly email newsletter https://vitaliy.substack.com/ 🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game – https://tinyurl.com/yzh486ep The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/ WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. The post Embrace Good Problems: Advice to Young People Today – Ep 191 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_190_-_What_I_Learned_From_the_Oracle_of_Omaha___Charlie_Munger_v1_2023-05-16_1.mp3 I’ve attended the Berkshire Hathaway Annual Shareholders meeting for over a decade. Here is what I learned in 2023. 📩 Sign up for my free weekly email newsletter https://contrarianedge.com/signup-for-articles/ 🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game – https://tinyurl.com/yzh486ep The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/ WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. Please read the following important disclosure: https://contrarianedge.com/disclosure/ The post What I Learned From the Oracle of Omaha & Charlie Munger – Ep 190 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_189_-_Banking_Crisis_-_Is_my_brokerage_account_safe_v3_2023-05-09_1.mp3 Many investors, including our clients, have been worried about their Schawb account safety. Are they right to be worried? 📩 Sign up for my free weekly email newsletter https://contrarianedge.com/signup-for-articles/ 🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game – https://tinyurl.com/yzh486ep The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/ WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. Please read the following important disclosure: https://contrarianedge.com/disclosure/ The post Should I be worried about the safety of my Schwab account? – Ep 189 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_188_-_Chess_Saga_Continues_v1_2023-05-03.mp3 I have vague first memories of playing chess with my grandfather when my family visited my father’s parents in Moscow. I was five years old. As I look back, chess gently came in and out of my life in the years since. Though I always admired chess players, I never took the game too seriously, never studied or took lessons. 📩 Sign up for my free weekly email newsletter https://contrarianedge.com/signup-for-articles/ 🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game – https://tinyurl.com/yzh486ep The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/ WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. The post Chess Saga Continues – Ep 188 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_187_-_Me__My_Boy__and_Warren_Buffett_with_2023_Postscript_v1_2023-04-19_1.mp3 The fourteen-year-old Jonah could not sit through the annual meeting; he was preoccupied with anything and everything but Buffett’s and Munger’s wisdom. After coming with me to Omaha eight years ago, Jonah never asked to go back, until last year. He came to the meeting and loved it. He actually sat through almost all of the main event. He is coming with me again this year.  📩 Sign up for my free weekly email newsletter https://substack.com/profile/6382475-… 🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game – https://tinyurl.com/yzh486ep The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u   MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/ WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. The post Me, My Boy, and Warren Buffett with 2023 Postscript – Ep 187 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_186_-_Libertarians_Unexpected_View_on_the_Bailout_of_the_Banking_System_v1_2023-04-06.mp3 Bailouts of the banking system create social tension. Eventually, bailouts introduce so much risk into the system that failures and bailouts become too costly for the society to bear, government creates draconian rules trying to prevent them in future, which in turn kills innovation and the formation of new businesses, and the result is a stagnating economy. 📩 Sign up for my free weekly email newsletter https://contrarianedge.com/signup-for…  🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game – https://tinyurl.com/yzh486ep The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/ WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. Please read the following important disclosure: https://contrarianedge.com/disclosure/ The post Libertarian’s (Unexpected) View on the Bailout of the Banking System – Ep 186 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_185_-_What_to_Expect_After_the_Silicon_Valley_Bank_Collapse_v1_2023-03-29.mp3 Silicon Valley Bank (SVB) may be an extreme example, but it gave us a preview at a 100x magnification of what many banks are facing today. SVB is also a sad demonstration of how volatile deposits are. SVB was awash with deposits from its customers, mainly startups, raising money in the venture capital boom.  📩 Sign up for my free weekly email newsletter https://contrarianedge.com/signup-for-articles/ 🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game –  https://tinyurl.com/yzh486ep  The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/ WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. Please read the following important disclosure: https://contrarianedge.com/disclosure/   The post Silicon Valley Bank’s Downfall: A Cautionary Tale of What’s to Come – Ep 185 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Ep_184_-_The_Stock_Market__The_Economy__Possible_Outcomes__How_to_Invest_v1_2023-03-22_1.mp3 This is part one of the winter seasonal letter I wrote to IMA clients, sharing my thoughts about the economy and the market. I tried something I’ve never done before. Instead of conveying my message through storytelling, I tried to compress my thoughts into short sentences. I summarized some 50,000 words into about 1,000. 📩 Sign up for my free weekly email newsletter https://contrarianedge.com/signup-for-articles/ 🎙 Check out my weekly podcast, The Intellectual Investor. https://investor.fm/ 📚 GET MY BOOKS Soul in the Game – https://tinyurl.com/yzh486ep  The Little Book of Sideways Markets – https://tinyurl.com/4sdbr5f2 Active Value Investing – https://tinyurl.com/ywfczy8u MY KEY LINKS 🌍 My website/blog – https://contrarianedge.com/ 🔗 Business Website – https://imausa.com/ 🐦 Twitter – https://twitter.com/vitaliyk 📸 Instagram – https://www.instagram.com/vitaliyk/   WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy 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. Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. Soul in the Game is his third book and first non-investing book. Please read the following important disclosure: https://contrarianedge.com/disclosure/ The post The Stock Market, The Economy, Possible Outcomes, How to Invest – Ep 184 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.