Vitaliy Katsenelson
Reading and Listening – Ep 102
In this podcast, Vitaliy celebrates his daughter Hannah’s love of reading and her budding talent as a writer. Then, drawing on formative childhood experiences with his father, he shares his thoughts on how to instill a love of classical music in...
One Spreadsheet at a Time
Recalling a teaching moment I had with my daughter Hannah, in which I got to share my love of spreadsheets and their usefulness.
My Self-Improvement Journey – Ep 101
When Vitaliy started writing his new book, it kicked off a slew of other positive changes in his life. In this podcast, Vitaliy covers how diet, exercise, and meditation have made him fitter, stronger, happier, and (hopefully!) a better person. "I...
US and China: In the Foothills of Cold War – Ep 100
Over the last six months, Vitaliy has skewed IMA's portfolios more towards defense companies. Why? The world appears less safe today than at any time since the Berlin Wall came down. Fast-forward two decades from then to now, and we find a drastically...
How Investors Should Deal With The Overwhelming Problem Of Understanding The World Economy – Ep 99
If you believe the global economy is doing great and stocks are cheap, this podcast is not for you. But if you believe that stocks are expensive, and that a global economic time bomb is ticking because of unprecedented intervention by governments and...
Resetting Defaults – Ep 98
Vitaliy recently read Make Time, written by Jake Knapp and John Zeratsky, two ex-Google engineers. The book made him look at technology companies and time from a slightly different perspective. In an age when attention is currency, time becomes...
Downhill Racing Meets Value Investing – Ep 97
During the past several years, the Federal Reserve neatly groomed, manicured and then finely polished investment slopes for all asset classes by lowering interest rates to unprecedented levels. But ubiquitously rising valuations cover up a lot of...
Investing for Beginners Interview – Part 2 – Ep 96
Part 2 of 2. It was a pleasure for Vitaliy to talk to Andrew Sather and Dave Ahern on the Investing for Beginners podcast. In part two of a two part series, they take a deep dive into Uber as a value investment, the competitive threat from Tesla and...
Investing for Beginners Interview – Part 1 – Ep 95
Part 1 of 2. It was a pleasure for Vitaliy to talk to Andrew Sather and Dave Ahern on the Investing for Beginners podcast. In part one of a two part series, they discuss how Coronavirus has impacted IMA's investing, the USD as reserve currency, IMA's...
Letter from the Value Investing Mental Asylum or How I Embraced Stoics – Ep 94
Vitaliy would be lying if he told you that over the last few years investing was not frustrating. Over that time, he's felt like he was driving the wrong way on a one-way growth highway. Albert Einstein defined insanity as “doing the same thing over...
Letter from the Value Investing Mental Asylum or How I Embraced Stoics
Albert Einstein defined insanity as “doing the same thing over and over again but expecting a different outcome.” I can relate to this on some level. I share with you why I am not writing this from a mental asylum. I found solace in Stoicism.
The Warren Buffett & Charlie Munger Show – Ep 93
The definition of a cult is “misplaced or excessive admiration for a particular person or thing”; and while you can argue that admiration for Buffett is at times a bit excessive, it is hardly misplaced. There are tens of thousands of people...
Why do I torture my kids … with classical music? – Ep 92
Lately, Vitaliy has been pondering whether and how to instill a love of classical music in his kids, a passion that was passed to Vitaliy from his own parents. Should he insist on piano lessons, or weekly listening sessions? Reflecting on his...
Svenska Handelsbanken, The Value of Book Value, and a Free Value Investing Course for Students – Ep 91
In this podcast, Vitaliy discusses his investment in Swedish bank Svenska Handelsbanken, and what makes their culture so unique. He then gives a short explanation on when book value works as a measure of intrinsic value, and why it often doesn't....
Jonah’s WFH Adventure (Work from Hawaii), and Defending Our Portfolio with Defense – Ep 90
In this podcast, Vitaliy describes the next adventure his son Jonah will have going to college from Hawaii, as well as the role that defense stocks play in IMA's portfolios today. You can read these articles online here: and . Disclosure:
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
An announcement that should be of interest if you are a college student with a passion for value investing.
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
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
I wrote this before the war in Ukraine began. The thesis of this article has become even more pronounced since ...
