Year: 2021
Zurich to Nice – Travel Notes – Ep 118
In this podcast, Vitaliy recalls his early 2019 trip to Europe. Written in the pre-COVID days, this essay takes the listener on a tour of a handful of random European cities, as well as a tour of random thoughts from Vitaliy.He muses on everything...
Telsa – ICE Cold Killer? Interview with Michael Covel – Ep 117
In this podcast, Vitaliy talks with Michael Covel about all things Tesla. Getting into the weeds, the two discuss Tesla's profitability (or lack thereof), the nuances of the charging network and the engine, as well as prospects for ICE car makers to...
My Interview with WorldClassPerformer.Com – Ep 116
Vitaliy was recently interviewed by the website WorldClassPerformer.com. What follows are a series of questions about him, his background, influences and habits. While he answered these questions truthfully, you shouldn't think that he doesn't have a...
My Interview with World Class Performer
In early 2021, I was interviewed by the website WorldClassPerformer.com. What follows are a series of questions about my background, influences and habits.
Time for an All-Terrain Investment Portfolio – Ep 115
If the investing road ahead (e.g. the stock market) is smooth, up and to the right, then making money in stocks will continue to be easy. But if things get more rocky, you're going to need the investment equivalent of an All Terrain Vehicle. In this...
Go Ahead, Covet Your Neighbor’s Wife. – Ep 114
Vitaliy 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. In this podcast, Vitaliy shares an old piece of...
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.
The Renaissance of Pipelines and Our Sell Discipline – Ep 113
At first, investors loved them. Then, they hated them. Now, investors have left them for dead. Oil and gas pipeline companies are anything but popular. But they are essential businesses, with rising free cash flow and substantial dividend yields. In...
Our Sell Discipline
How our selling practice differs between high-growth companies with long runways for compounding and slow-growth companies.
The Renaissance of Pipelines
At first, investors loved them. Then, they hated them. Now, investors have left them for dead. Oil and gas pipeline companies are anything but popular. But they are essential businesses, with rising free cash flow and substantial dividend yields.
Girls’ Gambit – Ep 112
It all started after Vitaliy's daughter, Hannah, watched The Queen’s Gambit for a homework assignment. She told Vitaliy he had to watch it. He did, and loved it. But then Hannah said, “Dad, let’s play chess!” In this podcast, Vitaliy explores...
Portfolio Construction, Macro, and Chess: Interview with Angelo Robles – Ep 111
Vitaliy recently had the pleasure to sit down with Angelo Robles of the Family Office Association. In this interview, Angelo and Vitaliy discuss Vitaliy's approach to portfolio construction, how value investors should think about the macroeconomy, how...
Girls’ Gambit
It all started after my daughter, Hannah, watched The Queen’s Gambit for a homework assignment. She told me I had to watch it. I did, and loved it. But then Hannah said, “Dad, let’s play chess!”
Value & Growth Demagogues – Ep 110
Vitaliy has a problem with both value- and growth investing demagogues. While value demagogues tend to believe any company that trades at a P/E above the market average is too frothy, growth demagogues claim that price doesn't matter. In this...
Value & Growth Demagogues
I have a problem with both value- and growth investing demagogues. While value demagogues tend to believe any company that trades at a P/E above the market average is too frothy, growth demagogues claim that price doesn't matter.
Don’t Be a Sophist, and Why I Write 27 Page Letters to Clients – Ep 109
The Winter 2020/21 Client Letter that Vitaliy just sent to IMA clients was 27 pages long. Over the next few weeks, he’ll share excerpts from the letter with you, our dear podcast listeners. These excerpts will not focus as much on individual "fish"...
Don’t Be a Sophist
I discuss how to use a Stoic technique to help manage the emotions that come with the stock market.
Why Did I Write a 27-page Letter To Clients
In these letters I diligently walk clients through our research on stocks we own, including those we have recently bought and sold. I cover how we value them, why we own them, etc.
A Shift in Perception Transforms Reality – Ep 108
2020 will go into our memory banks as a very painful year. Stoicism, particularly the stoic practice of negative visualization, helped Vitaliy put 2020 into a broader historical context, and compare what happened, which was bad, to what could have...
A Shift in Perception Transforms Reality
2020 will go into our memory banks as a very painful year. Stoicism, particularly the stoic practice of negative visualization, helped me put 2020 into a broader historical context, and compare what happened, which was bad, to what could have happened.
