
The Intellectual Investor – Value Investing by Vitaliy Katsenelson
Value Investing, Life & Philosophy and Classical Music Explained by Vitaliy Katsenelson
Latest episodes

Mar 30, 2021 • 0sec
Zurich to Nice – Travel Notes – Ep 118
https://traffic.libsyn.com/secure/intellectualinvestor/Zurich_to_Nice_-_Travel_Notes_v4_2021-04-19.mp3
In this podcast, Vitaliy recalls his early 2019 trip to Europe. Written in the pre-COVID days, this essay takes the listener on a tour of a handful of random European cities, as well as a tour of random thoughts from Vitaliy.He muses on everything from impressionism, to Charlie Chaplin, to Masayoshi Son of Softbank fame. Enjoy!
You can find the links mentioned in the podcast in the article here: https://contrarianedge.com/zurich-to-nice-travel-notes/
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Mar 23, 2021 • 0sec
Telsa – ICE Cold Killer? Interview with Michael Covel – Ep 117
https://traffic.libsyn.com/secure/intellectualinvestor/Telsa_-_ICE_Cold_Killer_-_Interview_with_Michael_Covel_v2_2021-03-22.mp3
In this podcast, Vitaliy talks with Michael Covel about all things Tesla. Getting into the weeds, the two discuss Tesla’s profitability (or lack thereof), the nuances of the charging network and the engine, as well as prospects for ICE car makers to make the jump from gasoline to electric. Enjoy!
Originally posted here.
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Mar 16, 2021 • 0sec
My Interview with WorldClassPerformer.Com – Ep 116
https://traffic.libsyn.com/secure/intellectualinvestor/My_Interview_with_WorldClassPerformer_v1_2021-03-13.mp3
Vitaliy was recently interviewed by the website WorldClassPerformer.com. What follows are a series of questions about him, his background, influences and habits. While he answered these questions truthfully, you shouldn’t think that he doesn’t have a lot of room for improvement. A more appropriate interview title would have been: “Flawed, but Relentlessly Curious and Hopefully Always Improving Performer”.
You can read this interview online here: https://contrarianedge.com/my-interview-with-worldclassperformer-com/
Originally posted here: https://worldclassperformer.com/short-life-lessons-from-vitaliy-katsenelson/
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Mar 9, 2021 • 0sec
Time for an All-Terrain Investment Portfolio – Ep 115
https://traffic.libsyn.com/secure/intellectualinvestor/Time_for_an_All-Terrain_Investment_Portfolio_v1_2021-03-04.mp3
If the investing road ahead (e.g. the stock market) is smooth, up and to the right, then making money in stocks will continue to be easy. But if things get more rocky, you’re going to need the investment equivalent of an All Terrain Vehicle.
In this podcast, Vitaliy explains how he achieves this portfolio ruggedness at his firm, IMA.
You can read this article online here: https://contrarianedge.com/time-terrain-investment-portfolio/
The post Time for an All-Terrain Investment Portfolio – Ep 115 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

Mar 2, 2021 • 0sec
Go Ahead, Covet Your Neighbor’s Wife. – Ep 114
https://traffic.libsyn.com/secure/intellectualinvestor/Go_Ahead_Covet_Your_Neighbors_Wife_v1_2021-02-28.mp3
Vitaliy recently asked another value investor if he wanted Warren Buffett’s success. While this may seem like a rhetorical question, the truth is many value investors are quietly envious of Buffett. In this podcast, Vitaliy shares an old piece of Jewish wisdom on how to deal with envy, and how Stoics use a special technique to internalize the good qualities of someone you admire.
You can read this article online here: https://contrarianedge.com/go-ahead-covet-your-neighbors-wife/
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Feb 23, 2021 • 0sec
The Renaissance of Pipelines and Our Sell Discipline – Ep 113
https://traffic.libsyn.com/secure/intellectualinvestor/The_Renaissance_of_Pipelines_and_Our_Sell_Discipline_v2_2021-02-22.mp3
At first, investors loved them. Then, they hated them. Now, investors have left them for dead. Oil and gas pipeline companies are anything but popular. But they are essential businesses, with rising free cash flow and substantial dividend yields. In this podcast, Vitaliy walks you through IMA’s recent investment in oil pipelines, and then gives an overview of his firm’s sell discipline.
You can read these articles online here: https://contrarianedge.com/the-renaissance-of-pipelines/ and https://contrarianedge.com/our-sell-discipline/.
Disclosure: Read this before you buy your next stock
The post The Renaissance of Pipelines and Our Sell Discipline – Ep 113 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

Feb 16, 2021 • 0sec
Girls’ Gambit – Ep 112
https://traffic.libsyn.com/secure/intellectualinvestor/Girls_Gambit_v1_2021-02-13.mp3
It all started after Vitaliy’s daughter, Hannah, watched The Queen’s Gambit for a homework assignment. She told Vitaliy he had to watch it. He did, and loved it. But then Hannah said, “Dad, let’s play chess!” In this podcast, Vitaliy explores his daughters’ new found interest in the game, and the connection his family has to chess as part of Russian culture.
You can read this article online here: https://contrarianedge.com/girls-gambit/
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Feb 9, 2021 • 0sec
Portfolio Construction, Macro, and Chess: Interview with Angelo Robles – Ep 111
https://traffic.libsyn.com/secure/intellectualinvestor/Portfolio_Construction_Macro_and_Chess_-_Interview_with_Angelo_Robles_v1_2021-02-05.mp3
Vitaliy recently had the pleasure to sit down with Angelo Robles of the Family Office Association. In this interview, Angelo and Vitaliy discuss Vitaliy’s approach to portfolio construction, how value investors should think about the macroeconomy, how the stock market during the pandemic reminded Vitaliy of chess, and of course, Tesla. We hope you enjoy it!
You can watch the complete interview here: https://www.youtube.com/watch?v=kH6mFFyozCA&t=190s
Disclosure: Read this before you buy your next stock
The post Portfolio Construction, Macro, and Chess: Interview with Angelo Robles – Ep 111 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

Feb 2, 2021 • 0sec
Value & Growth Demagogues – Ep 110
https://traffic.libsyn.com/secure/intellectualinvestor/Value__Growth_Demagogues_v1_2021-01-30.mp3
Vitaliy has a problem with both value- and growth investing demagogues. While value demagogues tend to believe any company that trades at a P/E above the market average is too frothy, growth demagogues claim that price doesn’t matter. In this podcast, Vitaliy explains how both camps can be too narrow minded, and how investors should learn from the best of both sides when selecting companies to buy.
You can read this article online here: https://contrarianedge.com/value-growth-demagogues/
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Jan 26, 2021 • 0sec
Don’t Be a Sophist, and Why I Write 27 Page Letters to Clients – Ep 109
https://traffic.libsyn.com/secure/intellectualinvestor/Dont_Be_a_Sophist_v2_2021-01-25.mp3
The Winter 2020/21 Client Letter that Vitaliy just sent to IMA clients was 27 pages long. Over the next few weeks, he’ll share excerpts from the letter with you, our dear podcast listeners. These excerpts will not focus as much on individual “fish” (stocks) as they do on “how to fish.” In this podcast, Vitaliy discusses why he writes such long letters, and how to use a Stoic technique to help manage the emotions that come with the stock market.
You can read these articles online here: https://contrarianedge.com/why-do-i-write-a-27-page-letter-to-clients/ and https://contrarianedge.com/dont-be-a-sophist/.
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