https://traffic.libsyn.com/secure/intellectualinvestor/How_to_Invest_When_Theres_Nowhere_to_Hide_v4_2022-01-19.mp3 It seems every year, Vitaliy believes we have finally reached the peak of crazy, only to be proven wrong the next year. The stock market and thus index funds, just like real estate, have only gone one way – up. You don’t have to be a stock market junkie to notice the pervasive feeling of euphoria. Vitaliy shares how he invests when most if not all asset classes are very expensive. You can read this article online here: https://contrarianedge.com/how-to-invest-when-theres-nowhere-to-hide/ Why Do I Write a 27-page Letter To Clients  link here: https://contrarianedge.com/why-do-i-write-a-27-page-letter-to-clients/ Part 1 from the Fall letter: https://contrarianedge.com/this-holiday-will-mr-market-eat-too-much-pi/     The post How to Invest When There’s Nowhere to Hide – Ep 145 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Build_Your_Network_Interview_v1_2022-01-12.mp3 In this interview with Travis Chappell, host of the Build Your Network podcast, Vitaliy shares how he has used writing to build his network of investing peers, and also grow his firm, IMA. Along the way, Vitaliy touches on how we learned to emphasize people in investing, his evolution from analyst to CEO, and what career he would do if he were not an investor. Enjoy! You can listen to the original interview in this link: https://redcircle.com/shows/build-your-network/episodes/66175920-ccf5-4d25-b168-6a235ad20173 The post Build Your Network Interview appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/30_Years_in_America_v2_2021-12-20.mp3 On the 30th Anniversary of his family’s arrival in the United States from Soviet Russia, Vitaliy reflects on his time here. After recounting the hard early days in a new country when he was “fresh off the boat”, Vitaliy offers perspective on how America has changed since he arrived. What he sees now is, in some ways, more troubling than what he found all those years ago as a new immigrant. You can read this article online here: https://contrarianedge.com/30-years-in-america/   The post 30 Years in America – Ep 144 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/This_Holiday_Will_Mr._Market_Eat_Too_Much_Pi_v7_2021-12-22.mp3 There is a cryptocurrency, also named Omicron, that was up 900% on the day the new COVID-19 variant was publicized. Try as he might, Vitaliy cannot figure out what would have caused this crypto to spike that day. He muses that Mr. Market must be so crazy right now, that he is bidding up the price of random tokens based merely on alphabetical order. What does this imply for stocks, if anything? You can read this article online here: https://contrarianedge.com/this-holiday-will-mr-market-eat-too-much-pi/ Essay link: https://contrarianedge.com/why-do-i-write-a-27-page-letter-to-clients/ Vitaliy’s Article Almanac 2021: https://contrarianedge.com/vitaliys-article-almanac/     The post This Holiday, Will Mr. Market Eat Too Much Pi? – Ep 143 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Welch_vs_Bezos_v2_2021-12-08.mp3 During his tenure, Jack Welch built GE into an earnings estimates-beating-machine. There’s just one problem with that: it leads to extreme short-termism, and ultimately the misallocation of capital. Contrast this with Jeff Bezos’ approach of maximizing long-term free cash flow, disregarding the current quarter. Which business do you want to invest in? You can read this article online here: https://contrarianedge.com/welch-vs-bezos/   The post Welch vs Bezos – Ep 142 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Uber_Updated_v5_2021-11-24.mp3 Vitaliy re-shares and updates his analysis of Uber, and why it remains an attractive investment. He provides a mental model of how to analyze companies that may appear expensive but have yet to reach escape velocity in their cost structure and have a large market addressable market that they’ll likely dominate. You can read this analysis online here: https://contrarianedge.com/our-analysis-of-uber-updated/     The post Our Analysis of UBER (Updated) – Ep 141 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Inflation_Update_v3_2021-11-08.mp3 We are experiencing a perfect storm of inflation, formed by seemingly small factors. Each on its own may not be particularly significant, but once combined they result in an event that significantly exceeds the sum of all parts. Vitaliy provides an update on his previous inflation articles, and the risks he sees on the horizon. Article: Inflation is here. But for how long? -> https://contrarianedge.com/inflation-is-here-but-for-how-long/ Article: How We Invest In Inflation-> https://contrarianedge.com/how-we-invest-in-inflation/ You can read this article online here: https://contrarianedge.com/inflation-update-not-transitory-yet/   The post Inflation Update: Not Transitory Yet! – Ep 140 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Beloved_Country._Unloved_Hedge._Update_v2_2021-10-25.mp3 Vitaliy re-shares his 2020 musings on the US Dollar, and its role in the world, and gold, and its role in IMA portfolios. You can read this article online here: https://contrarianedge.com/beloved-country-unloved-hedge/   The post Beloved Country. Unloved Hedge. (Updated) – Ep 139 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/US_and_China_-_In_the_Foothills_of_Cold_War_Updated_v2_2021-10-19.mp3 Vitaliy updates listeners on his views about the US and China, and includes his previous article going over the risks posed by tensions between the two nations. He also discusses and shares an update on IMA’s investment in defense stocks, in light of the current geopolitical climate. John Cena apologizing: https://www.scmp.com/video/china/3135092/hollywood-star-john-cena-apologises-china-calling-taiwan-country Defense Stocks article: https://contrarianedge.com/defense-stocks/ You can read this article online at: https://contrarianedge.com/us-and-china-in-the-foothills-of-cold-war/     The post US and China: In the Foothills of Cold War (Updated) – Ep 138 appeared first on The Intellectual Investor.

https://traffic.libsyn.com/secure/intellectualinvestor/Homophobic_Arbitrage_v2_2021-10-02.mp3 Vitaliy recounts the time he and his brother Alex were stranded in Key West without a hotel room for a night. Every hotel had no vacancy, except one “all male” hotel. Vitaliy tells the story of their pleasant stay there, and how investors can profit by exploiting the overly dogmatic beliefs of others. You can read this article online here: https://contrarianedge.com/homophobic-arbitrage/   The post Homophobic Arbitrage – Ep 137 appeared first on The Intellectual Investor.