The Intellectual Investor – Value Investing by Vitaliy Katsenelson

Good thoughts bring you happiness; bad thoughts poison you with anxiety and pain. 📩 Sign up for my free weekly email newsletter  🎙 Check out my weekly podcast, The Intellectual Investor. 📚 GET MY BOOKS Soul in the Game - The Little... The post Attend a Party in Your Own Head – Ep 193 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

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,... The post You are – What you think about (Recession, Economy, Stock Market) – Ep 192 appeared first on The Intellectual Investor - Value Investing by...

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  🎙... The post Embrace Good Problems: Advice to Young People Today – Ep 191 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

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  🎙 Check out my weekly podcast, The Intellectual Investor. 📚 GET MY... The post What I Learned From the Oracle of Omaha & Charlie Munger – Ep 190 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsen...

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  🎙 Check out my weekly podcast, The Intellectual Investor. 📚 GET... 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 Katsen...

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... The post Chess Saga Continues – Ep 188 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

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.... The post Me, My Boy, and Warren Buffett with 2023 Postscript – Ep 187 appeared first on The Intellectual Investor - Value Investing by Vitaliy K...

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... The post Libertarian’s (Unexpected) View on the Bailout of the Banking System – Ep 186 appeared first on The Intellectual Investor - Value I...

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,... The post Silicon Valley Bank’s Downfall: A Cautionary Tale of What’s to Come – Ep 185 appeared first on The Intellectual Investor - Valu...

This is part one of the winter seasonal letter I wrote to  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... The post The Stock Market, The Economy, Possible Outcomes, How to Invest – Ep 184 appeared first on The Intellectual Investor - Value Investing by Vit...

I recently traveled to a Swiss investment conference. The beauty, safety and serenity of Switzerland all come with embedded costs which I uncover in discussing the contrasts of India vs Switzerland, and seeing a country as a visitor vs a resident. You... The post The Hidden Costs of Switzerland: What It Takes to Be Swiss – Ep 183 appeared first on The Intellectual Investor - Value Investing...

The words we use matter more than we think. While we have a tendency to use words that can inflame a situation, make it worse or more extreme, by deliberately choosing our words, we can craft our perception of things, people, and events. I explain... The post The False Sophistication of Sophists – Ep 182 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

In the hopes of gaining and keeping perspective on what truly matters over the Holidays, Vitaliy draws an excerpt from Seneca on treating our most precious commodity, time, with the respect it deserves. You can read this article online here: This is... The post Each Day is a Separate Life – Ep 181 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

Vitaliy and his daughter Hannah visited India for a CFA society event. The journey opened their eyes to the contrasts between the West and the sub-continent both in culture and India's potential investment merits. You can read this article online... The post The Real Country of Contrasts: Our Unforgettable Trip to India – Ep 180 appeared first on The Intellectual Investor - Value Investing b...

Vitaliy gives an update on IMA's investment in cable company Charter. After being punched in the face by a declining stock price, Vitaliy and his team did an extensive amount of additional research on the business and industry. He believes IMA's... The post Why we’re confident in our Charter investment – Ep 179 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenel...

Vitaliy outlines how the conditions are ripe for a sideways market, something he knows about, having written two books on the subject. He shares how to invest in sideways markets, and what to expect overall. You can read this article online here: ... The post Stock Market Roller Coaster: Prepare for a Decade or Two of Disappointing Returns! – Ep 178 appeared first on The Intellectual Investo...

Vitaliy is embarrassed to admit that he has at times felt Schadenfreude, "shameful joy", upon seeing growth stocks decline. But his stoicism and decency quickly kicked in, and he banished this destructive feeling. Here's how. You can read this article... The post Herr Schadenfreude Is Not a Friend of Ours – Ep 177 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katse...

Vitaliy highlights the collapse of FTX, and how this amalgamation of greed, leverage, and naive hope has proven the Crypto Tulip market to be worthless. You can read this article online here: Please read the following important disclosure:  The post How Greed and Leverage Destroyed the Crypto Tulip Market – Ep 176 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katse...

Vitaliy updates listeners about his upcoming trip to India with his daughter Hannah. He is thrilled to speaking at the CFA Society of Mumbai, and he'll then take a tour of few parts of that special country. Next, Vitaliy updates the music that has... The post Music Throughout My Life 2023 – Ep 175 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

Think of everything you do in a day. Wake up, take your kids to school, drive to work, eat with your family, enjoy a stroll with your spouse, watch a movie, read a book. At some point, you will do each of those things for the last time. In the second... The post Holiday Series: Last Time – Ep 174 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

In the first installment of Vitaliy's Holiday Series, he dives into Stoic philosophy. Or more specifically, Stoic philosophERs. He points out that even more important than knowing what they said and taught is internalizing it: putting the lessons into... The post Holiday Series: Intro to Stoic Philosophy – Ep 173 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsen...

Recessions, though unpleasant, are ultimately good for the economy. Like a forest fire, they clear out the dead wood and make way for new, healthy growth. But the boom of the last decade accumulated a great deal of kindling, and the coming recession... The post Why non-transitory recession is coming and how to face it as an investor – Ep 172 appeared first on The Intellectual Investor - Valu...

Everyone has seen home prices take off since the pandemic began. As work from home became a reality for many, Americans decided to live where they want. But now that the Fed has decided to hike rates, we have a combination of high prices AND high... The post Are housing prices about to drop? A value investor’s take – Ep 171 appeared first on The Intellectual Investor - Value Investing by Vit...

Vitaliy shares a collection of random thoughts on the Russian invasion of Ukraine. While they don't add up to a coherent podcast with a beginning, middle, and end, they do point to an overall pattern: the war is not going well for Putin. Vitaliy... The post Random Thoughts on the Russian War in Ukraine (Hint: It’s Not Going Well for Russia) – Ep 170 appeared first on The Intellectual Investo...

Contrarian investing is inherently arrogant. You have the audacity to believe that hundreds or thousands of investors are wrong when you buy or sell a stock. How can you go against the crowd without it going to your head? Vitaliy explores the... The post Why Value Investing Requires Thoughtful Arrogance – Ep 169 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsene...