Month: August 2020

Accent Podcast Interview – Part Two – Ep 89

In Part 2 of Vitaliy's interview with Aznaur Midov on the Accent Podcast, Aznaur and Vitaliy continue their discussion on investing and life. Vitaliy explains how time can slow down when investors face a loss and what to do about it, how investing is...

Accent Podcast Interview – Part One – Ep 88

In November 2019, Vitaliy had the pleasure to sit down with Aznaur Midov, fellow Russian immigrant and host of the Accent Podcast, to talk about Vitaliy's story and lessons from 20 years of investing. In part 1 of a 2 part podcast, Vitaliy shares his...

Free Value Investing Curriculum for College Students

Free Value Investing Curriculum for College Students

An announcement that should be of interest if you are a college student with a passion for value investing.

Jonah Doing Jonah’s Thing

Jonah Doing Jonah’s Thing

I describe the next adventure my son Jonah will have going to college from Hawaii.

Svenska Handelsbanken and How to Use Book Value

Svenska Handelsbanken and How to Use Book Value

I discuss our investment in Swedish bank Svenska Handelsbanken, and what makes their culture so unique. Then give a short explanation on when book value works as a measure of intrinsic value, and why it often doesn't.

Defense Stocks

Defense Stocks

I wrote this before the war in Ukraine began. The thesis of this article has become even more pronounced since ...

Beloved Country. Unloved Hedge. – Ep 87

Vitaliy hated every minute he spent working on this podcast, because he got close to a line he doesn't like to cross – the politics line. It was particularly painful because it made him think more about the negative changes that are happening to the...

What I Learned from Value Investor Guy Spier – Ep 86

Vitaliy was recently asked by the CFA Institute to give a talk in London. But this offer was even more interesting than usual: it was a joint presentation with Guy Spier. Guy is a tremendous value investor who happens to be a good friend of Vitaliy....

Good Companies Don’t Always Make Good Stocks – Ep 85

Vitaliy was recently going through a new client’s portfolio and found it full of the likes of Coca-Cola and Campbell Soup - pseudo-bond substitutes. Each one is a stable and mature company. Your mother-in-law would be proud if you worked for any one...