The Intellectual Investor – Value Investing by Vitaliy Katsenelson

https://traffic.libsyn.com/secure/intellectualinvestor/I_Kid_You_Not_Crazy_v2_2022-01-21.mp3 It seems that every year, just as Mr. Market is hitting new highs, and speculative stocks soar to new levels, Vitaliy thinks we have hit the peak of craziness. But late 2021 / early 2022 might just be it. Vitaliy takes the listener through the levels of crazy in the market, from bond substitute overvaluation to NFTs and beyond. Buckle up and have fun! Tesla Series link: https://contrarianedge.com/tesla-elon-musk-and-the-ev-revolution/ You can read this article online here: https://contrarianedge.com/i-kid-you-not-crazy/ Please read the following important disclosure: https://contrarianedge.com/diclosure/   The post I Kid You Not Crazy – Ep 146 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Special_Episode_-_GuruFocus_Interview_v2_2022-01-24.mp3 In this podcast interview with investment website GuruFocus, Vitaliy shares the full gamut of how he invests, where and why. He touches on the role of being eclectic when investing, how to invest abroad, and how value investors should think about macro, among many other important topics. Enjoy this fun and wide-ranging interview! You can watch the interview here: https://www.youtube.com/watch?v=eTSTbF0GwVw&t=67s   The post GuruFocus Interview – Value Investing with Vitaliy Katsenelson appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

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 - Value Investing by Vitaliy Katsenelson.

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 - Value Investing by Vitaliy Katsenelson.

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 - Value Investing by Vitaliy Katsenelson.

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 - Value Investing by Vitaliy Katsenelson.

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 - Value Investing by Vitaliy Katsenelson.

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 - Value Investing by Vitaliy Katsenelson.

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 - Value Investing by Vitaliy Katsenelson.

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 - Value Investing by Vitaliy Katsenelson.