Month: May 2020

It’s not just Amazon’s fault – Ep 73

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...

The Jet Lag Series: How do I work? When do I find time to write? – Ep 72

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...

Finding High Quality Companies – Ep 71

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,...

Rebuilding Good Habits after Lockdown – Ep 70

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,...

Why The Survival Of Traditional Carmakers Is Far From Certain

Why The Survival Of Traditional Carmakers Is Far From Certain

Traditional carmakers do have strengths in designing, assembling, and marketing cars. They can afford to make an enormous investment in EV and absorb the losses that come with them. But will they?

Rebuilding Good Habits after Lockdown

Rebuilding Good Habits after Lockdown

Though I loved working from home during the lockdown, I now realize that it came at a cost – in March and April I destroyed most of the good habits I had worked very hard to build over the last few years.

Options, Hurricanes and Hedging – Ep 69

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...

The Jet Lag Series -Should You Copy Your Heroes? – Ep 68

Early in his career, Vitaliy tried to emulate Warren Buffett and spurned the use of spreadsheets. But here’s the thing: Buffett has a supercomputer in his head and Vitaliy doesn't. Vitaliy needs to visualize financial statements by building models;...

Investing Q&A: Small Caps vs Large Caps, Increasing Your Circle of Competence and Should Value Investors Buy Gold? Part 2 – Ep 67

Nearly every year, Vitaliy does a Q&A-style lecture for students at universities in Denver. But since campuses are closed, he decided to take this year's talk online. This podcast is part 2 of 2 of that recording. Enjoy! Listen to Part 1 here->...

Investing Q&A: Small Caps vs Large Caps, Increasing Your Circle of Competence and Should Value Investors Buy Gold? Part 1 – Ep 66

Nearly every year, Vitaliy does a Q&A-style lecture for students at universities in Denver. But since campuses are closed, he decided to take this year's talk online. This podcast is part 1 of 2 of that recording. Enjoy! Disclosure:  

A framework for investing during the COVID-19 crisis – Ep 65

Vitaliy recently sat down (virtually) for a conversation with Gerhard Sogl from the CFA Society of the United Kingdom. They discussed IMA's approach to investing during the uncertainty of the ongoing COVID-19 crisis and a framework that the IMA team...