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Latest Articles

What AI, Tariffs, and Global Uncertainty Mean for Your Portfolio

What AI, Tariffs, and Global Uncertainty Mean for Your Portfolio

The future feels less predictable because the range of possible outcomes has expanded. Here is my best attempt to think through that reality with humility, and why you should let me do the worrying for both of us.

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When to sell a stock: The Art and Psychology of Selling

When to sell a stock: The Art and Psychology of Selling

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On AI Eating The World

On AI Eating The World

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10 Life Lessons I Passed On to My Daughter on Her Bat Mitzvah

10 Life Lessons I Passed On to My Daughter on Her Bat Mitzvah

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Q&A From Imposter Syndrome to Authenticity

Q&A: From Imposter Syndrome to Authenticity

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Videos

We Invest Micro but Worry Macro | CFA Society UK

We Invest Micro but Worry Macro | CFA Society UK

In this CFA Society UK Q&A, I talk about how value investing has evolved, why many investors think it is dead, and why that conclusion usually comes from misunderstanding what value investing actually is.
The Dichotomy of Control

The Dichotomy of Control

The Dichotomy of Control sounds extremely simple, but it’s incredibly powerful and it’s very difficult to actually execute it in daily life. And it’s basically says this.
The Key To a Good Life: Having Good Problems

The Key To a Good Life: Having Good Problems

What are the good problems? It’s very difficult to have a meaningful life and not be solving good problems.
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Popular Articles

How Stoicism Can Help You Have Soul in the Game

The Stock Market, The Economy, Possible Outcomes, How to Invest

This is part one of the winter seasonal letter I wrote to IMA 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 thoughts into short sentences…
,

4

Chess Saga Continues web

Chess Saga Continues

1

The Real Country of Contrasts Our Unforgettable Trip to India

The Real Country of Contrasts: Our Unforgettable Trip to India

,

16

IMA is not for everyone. I'm fine with that!

IMA is not for everyone. I’m fine with that!

1

Why Value Investing Requires Thoughtful Arrogance

Why Value Investing Requires Thoughtful Arrogance

2

How Stoicism Can Help You Have Soul in the Game

How Stoicism Can Help You Have Soul in the Game

3

Author

Vitaliy Katsenelson

Vitaliy
Katsenelson

Author and
value investor

Vitaliy Katsenelson is the CEO of IMA, award-winning writer, author of Active Value Investing, The Little Book of Sideways Markets,  his latest book, Soul in the Game: The Art of a Meaningful Life, and a student of life.

Vitaliys Article Almanac 2025

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Investing

What AI, Tariffs, and Global Uncertainty Mean for Your Portfolio

What AI, Tariffs, and Global Uncertainty Mean for Your Portfolio

The future feels less predictable because the range of possible outcomes has expanded. Here is my best attempt to think through that reality with humility, and why you should let me do the worrying for both of us.

0

When to sell a stock: The Art and Psychology of Selling

When to sell a stock: The Art and Psychology of Selling

Investing is a lot more art than science. I bring a scientist’s mindset – I approach problems with an open mind and I am willing to change my mind when data proves me wrong.

0

On AI Eating The World

On AI Eating The World

0

The Church of Climate: Unintended Consequences in Energy & ESG Investing

The Church of Climate and the Law of Unintended Consequences

2

Our Sistine Chapel Long-Term Investing in Quality and Kindness

Our Sistine Chapel: Long-Term Investing in Quality and Kindness

0

Living and Investing with Intention: Navigating the AI Bubble & Geopolitical Risk

Living and Investing with Intention

2

See More Investing

Life & Philosophy

10 Life Lessons I Passed On to My Daughter on Her Bat Mitzvah

10 Life Lessons I Passed On to My Daughter on Her Bat Mitzvah

On January 11, 2026, my younger daughter, Mia Sarah, celebrated becoming an adult, at least according to Jewish tradition (she turned 12). This is what I told her

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Q&A From Imposter Syndrome to Authenticity

Q&A: From Imposter Syndrome to Authenticity

I let myself be me when I write. I just made it sound easy. It is not. It comes down to confidence. It took me a long time – years, to get comfortable with being me on paper.

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Q&A Money Should Buy Time, Not Things

Q&A Money Should Buy Time, Not Things

0

Learning to See

Learning to See

0

Operation Molly

Operation Molly

2

Charlie Kirk and the Cost of Courage

Charlie Kirk and the Cost of Courage

6

See More Life & Philosophy

Music

See More Music

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