Latest Articles

The World’s Best-Prepared Patient
Nobody in this equation is flawless: not doctors, not us, and not even AI. It hallucinates, making up stories like a Hollywood screenwriter. But it also has perfect recall and lacks the myopic vision of human beings. … That’s the model. Not AI instead of your doctor.
Videos

Why the S&P 500 May Return Zero for a Decade
Vitaliy Katsenelson answers questions from a packed room at the Intellectual Investor Breakfast 2026 in Omaha, the morning of Berkshire Hathaway’s annual meeting.

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 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.
Popular Articles
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…
Investing

The World’s Best-Prepared Patient
Nobody in this equation is flawless: not doctors, not us, and not even AI. It hallucinates, making up stories like a Hollywood screenwriter. But it also has perfect recall and lacks the myopic vision of human beings. … That’s the model. Not AI instead of your doctor.

The AI Hangover Is Coming. The Pandemic Already Showed Us How It Ends.
We don’t have to go decades back to find an analogy. Just look back a few years, to the pandemic. We all lived through it, most of us in sweatpants. And it offers a near-perfect preview of what is about to happen in AI.
Life & Philosophy

Go Ahead, Covet Your Neighbor’s Wife.
I 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.
Subscribe to the Newsletter
Join over 100,000 weekly readers and receive my thoughts on investing,
philosophy, classical music, and more.































