The Intellectual Investor – Value Investing by Vitaliy Katsenelson

https://traffic.libsyn.com/secure/intellectualinvestor/Nifty_FAANG_and_Other__One_Decision__Investment_Strategies_v3_20-06-24_MP3.mp3 In the 1960s and 1970s Nifty 50 stocks were one-rule stocks – and the rule was, buy! They were bought, and bought, and bought. They were great companies and paying attention to how much you paid for them was irrelevant. Until. In this podcast, Vitaliy draws on history to show what happens when investors only pay attention to a company’s quality at the expense of price. You can read this article online at: https://contrarianedge.com/nifty-faang-and-other-one-decision-investment-strategies/ Disclosure: Read this before you buy your next stock   The post Nifty FAANG and Other “One Decision” Investment Strategies – Ep 78 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/De-Numb_Your_Mind_v2_20-06-22_MP3.mp3 Vitaliy can definitely see how we are always trying to numb our minds. We constantly need the mental organ entertained and well-numbed with external stimuli. It seems that whenever we are left with ourselves, that is, with our minds, we reach out for our favorite portable numbing device and happily lose ourselves in Facebook, Twitter, Netflix, or YouTube. We spend little or no time with ourselves. You can have a look at the pictures Vitaliy took in his morning walks in Vail here and his beautiful walks in Betty Ford Alpine Garden here. You can read this article online at: https://contrarianedge.com/de-numb-your-mind/ The post De-Numb Your Mind – Ep 77 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/The_Fischer_Random_Chess_Stock_Market_v2_20-06-11_MP3.mp3 Vitaliy grew up in Russia, where chess is a spectator sport. Any player who takes chess seriously will carefully study opening systems – the series of first moves early in the game that lead to the middle-game formation of pieces. Because chess always starts with pieces in the same arrangement, opening moves can become somewhat routine. In this podcast, Vitaliy compares the stock market to Fischer Random Chess, in which the opening pieces are totally jumbled across the board. Vitaliy explains that investing today is like Fischer Random Chess, where the objective is the same, but the set up is unlike one we have seen in our lifetime. You can read this article online at: https://contrarianedge.com/the-fischer-random-chess-stock-market/ Disclosure: Read this before you buy your next stock   The post The Fischer Random Chess Stock Market – Ep 76 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Be_Kind_v3_20-06-10_MP3.mp3 In April 2018, Vitaliy met with one of his best investment friends, John Mauldin. John has been an inspiration to Vitaliy both personally and professionally, but no more so in the context of writing. John writes at Mauldin Economics, one of the web’s the most widely read and successful investment letters. In this podcast, Vitaliy shares how John was able to inspire him to both write better, and be a better human being. John’s articles-> https://www.mauldineconomics.com/ You can read this article online at: https://contrarianedge.com/be-kind/ The post Be Kind – Ep 75 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/What_Not_to_Buy_in_Todays_Stock_Markett_v3_20-06-01_MP3.mp3 The average stock out there (that is, the market overall) is very, very expensive. At this point it almost doesn’t matter which valuation metric you use; they all point to the fact that stocks were only more expensive during the dot-com bubble. In many ways, knowing what to avoid is just as important as knowing what to buy. In this podcast, Vitaliy takes you through the risks in today’s market, and shares his view on what NOT to buy. You can read this article online at: https://contrarianedge.com/what-not-to-buy-in-todays-stock-market/ Disclosure: Read this before you buy your next stock   The post What Not to Buy in Today’s Stock Market – Ep 74 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Its_not_just_Amazons_fault_v3_20-05-27_MP3.mp3 Retail stocks have been annihilated recently, despite the economy eking out growth. The fundamentals of the retail business look horrible: Sales are stagnating and profitability is getting worse with every passing quarter. Jeff Bezos and Amazon get most of the credit, but this credit is misplaced. In this podcast, Vitaliy shares the truth behind the demise of retail. You can read this article online at: https://contrarianedge.com/its-not-just-amazons-fault/ Disclosure: Read this before you buy your next stock   The post It’s not just Amazon’s fault – Ep 73 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Jet_Lag_Series_Part_4_v3_20-05-25_MP3.mp3 People often ask Vitaliy about his writing process, when he finds time to write, and how he manages to do investment research. In this podcast, Vitaliy walks the listener through his process — from getting up at 4:30 in the morning, to researching and valuing companies, to talking to clients. For a day in the life of Vitaliy Katsenelson, give this podcast a listen. You can read this article online at: https://investor.fm/the-jet-lag-series-how-do-i-work-when-do-i-find-time-to-write/ The post The Jet Lag Series: How do I work? When do I find time to write? – Ep 72 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Finding_High_Quality_Companies_v6_20-05-20_MP3.mp3 Vitaliy was slated to give a speech at a conference in Omaha, a day before the Berkshire Hathaway Annual Meeting. He was more nervous than usual. Usually, Vitaliy needs a looming deadline to build the pressure to unleash creativity. Two days before, he wrote a nine page speech titled “How to Stay Rational in an Irrational World.” On the day of the speech, there were maybe 200 people in attendance. Vitaliy stepped up to the mic to begin. Then the lights went out. You can read this article online at: https://contrarianedge.com/finding-high-quality-companies-today/ Disclosure: Read this before you buy your next stock   The post Finding High Quality Companies – Ep 71 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Rebuilding_Good_Habits_after_Lockdown_v2_20-05-18_MP3.mp3 Though Vitaliy loved working from home, it came at a cost – he destroyed some good habits he built up over the last few years. In March, he worked super long hours and wanted to make sure he got enough sleep. He usually writes early in the morning, but that habit has been interrupted. He’s been working proactively over the last two weeks to restore old good habits and create some new ones. You can read this article online at: https://contrarianedge.com/rebuilding-good-habits-after-lockdown/ The post Rebuilding Good Habits after Lockdown – Ep 70 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.

https://traffic.libsyn.com/secure/intellectualinvestor/Options_Hurricanes_and_Hedging_v4_20-05-13_MP3.mp3 Vitaliy always looks at IMA’s investment process and asks himself, “What can we do better? How can we increase returns and lower risk?” Vitaliy thinks he has found a sensible way to do both — by purchasing index put options, where possible, on a portion of the portfolio. Vitaliy explains the math behind this choice, and why the best time to buy hurricane insurance is when no one believes there will be a hurricane. You can read article online at: https://contrarianedge.com/options-hurricanes-hedging/ Disclosure: Read this before you buy your next stock The post Options, Hurricanes and Hedging – Ep 69 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson.