Year: 2022
Holiday Series: Intro to Stoic Philosophy – Ep 173
In the first installment of Vitaliy's Holiday Series, he dives into Stoic philosophy. Or more specifically, Stoic philosophERs. He points out that even more important than knowing what they said and taught is internalizing it: putting the lessons into...
Why non-transitory recession is coming and how to face it as an investor – Ep 172
Recessions, though unpleasant, are ultimately good for the economy. Like a forest fire, they clear out the dead wood and make way for new, healthy growth. But the boom of the last decade accumulated a great deal of kindling, and the coming recession...
Are housing prices about to drop? A value investor’s take – Ep 171
Everyone has seen home prices take off since the pandemic began. As work from home became a reality for many, Americans decided to live where they want. But now that the Fed has decided to hike rates, we have a combination of high prices AND high...
Random Thoughts on the Russian War in Ukraine (Hint: It’s Not Going Well for Russia) – Ep 170
Vitaliy shares a collection of random thoughts on the Russian invasion of Ukraine. While they don't add up to a coherent podcast with a beginning, middle, and end, they do point to an overall pattern: the war is not going well for Putin. Vitaliy...
Why Value Investing Requires Thoughtful Arrogance – Ep 169
Contrarian investing is inherently arrogant. You have the audacity to believe that hundreds or thousands of investors are wrong when you buy or sell a stock. How can you go against the crowd without it going to your head? Vitaliy explores the...
Why we bought more Uber shares as the stock fell – Ep 168
It has been a while since Vitaliy updated listeners on his Uber investment, but a lot has changed. With the pandemic now behind us, we begin to get a better sense of what the business looks like going forward. And the future looks bright. Our analysis...
Why non-transitory recession is coming and how to face it as an investor
Recessions are like forest fires – small ones are healthy for the forest. However, the longer you suppress fire, the more dead material the forest accumulates. Eventually, when it does pay a visit, it is more devastating and its effects are more long-lasting.The recession that is coming could be a big fire.
Curmudgeon on Cryptocurrency
I share a story about when four separate people asked me about "investing" in cryptocurrencies, as well as my thoughts on Bitcoin and other crypto-assets.
The Slippery Slope of Student Loan Forgiveness – Ep 167
When the President decided to forgive $10,000 of student debt for everyone anyone earning below $125,000, he opened a very slippery slope of government bailouts. If we continue to borrow from the future, we run the serious risk of becoming a society...
Are housing prices about to drop? A value investor’s take
Inflation is on the rise in the US. So are the interest rates. So what about the housing market? Are we going to see housing prices decline? Read below to find out.
Random Thoughts on the Russian War in Ukraine (Hint: It’s Not Going Well for Russia)
The following is a loose collection of random thoughts and observations on the Russian invasion of Ukraine. Rather than a coherent article, I offer some insights that have emerged as the war has dragged on.
IMA is not for everyone. I’m fine with that! – Ep 166
Vitaliy responds to a letter from a concerned client about recent (3 month) underperformance versus the index. To do this, he zooms out to answer the question, What are we really trying to do? What has to be in place for IMA to achieve its investing...
Crazy Money Podcast Interview
In this interview with Paul Ollinger of the Crazy Money Podcast, Vitaliy and Paul cover a variety of topics touched on in Vitaliy's new book Soul in the Game. From growing up in Russia and emigrating to America, to the ways in which more money won't...
The trip to Europe that wasn’t about Europe – Ep 165
Vitaliy recently completed his European trip for 2022, and this podcast recounts the tale. Visiting with his daughter Hannah for the first time, Vitaliy shares details of a delightful trip, with a special guest star that endorsed Soul in the Game. You...
The Stacking Benjamins Podcast Interview
In this special episode from the Stacking Benjamins Podcast, Vitaliy explores his youth in Murmansk, how he was influenced by his mother and father growing up, the role of pain in creativity, and the tenets of Soul in the Game. Enjoy! You can listen...
Sitting on the Tarmac in The Land of Stoicism – Ep 164
During a recent trip to NYC, Vitaliy got the opportunity to practice his favorite Stoic principles. While he had plans to see his favorite opera with his family, the universe conspired to make different plans. You can read this article online here: ...
IMA is not for everyone. I’m fine with that!
How great alignment with clients creates the perfect recipe for long-term compounding. (And I get to drive my kids to school.)
Dotcom 2.0 bubble has burst. What is next? – Ep 163
In the recent COVID-fueled soaring market, one fund became the canonical example of investor hyper-enthusiasm: ARK. But investors have seen this movie before. Just like the boom fueled by Y2K worries at the turn of the century, many stocks impacted by...
Infinite Loops Interview
Vitaliy sits down with Jim O'Shaughnessy, author of the classic investment book What Works on Wall Street and host of the Infinite Loops Podcast. Vitaliy and Jim seem to share a brain, and they discuss Vitaliy's youth in Soviet Russia, how creativity...
A Value Investor’s Analysis of Student Loan Forgiveness
Individual impact aside, Biden’s student loan forgiveness will also affect the US currency and economy. Here’s how we see it as value investors.
Putin: The Mask is Off. Europe is Next. – Ep 162
Vitaliy writes his most honest and grim take on the Ukraine war yet. Whereas before there was a veil of pretense about what Putin's war in Ukraine was about (NATO, "denazification"), that pretense is now gone. Vitaliy shares why this is a war of...
