Vitaliy Katsenelson
Soul In The Game
Few people have had as great an impact on me as an investor as Nassim Taleb. His books explore the role of randomness in life and the stock market, and I incorporated his concept of "soul in the game" into our investment philosophy.
How A Stock Market Turns Investors Into Gamblers – Audio Edition
Today I am going to share with you an article I wrote after the January 2018 stock market volatility. It’s as relevant today as it was then.
My Self-Improvement Journey
I've been working on a book and as a result I made some lifestyle changes. Working on the book accidentally stirred up this whirlwind of self-improvement.
How To Invest In A Stock Market That’s Due For A Hard Landing
Global debt is growing, and stock markets are at their most expensive in the last 100 years. How to invest in a stock market that’s due for a hard landing?
Hug Your Kids
I spent a weekend at Laguna Beach with my family. We liked to start the day with a walk to a coffee shop and then spend the day at the beach. On our last day, my daughter Mia Sarah almost drowned in the pool because she doesn't know how to swim yet. I’ve been hugging my kids a lot more the past few days.
Investors Have Misdiagnosed Amazon’s Push Into The Pharmacy Business
Companies are worried about Amazon's potential entry into the retail pharmaceutical industry. However, a slower changing older population, combined with the fact that Amazon's sales would only represent a small portion of total drug sales, suggests that it is unlikely to have a significant impact on the industry.
Being A Father
What's better: leaving your children with $100M after you pass away, or leaving them with fond memories of your time together? Sparked by an unexpected comment from a millionaire's son, I ponder this question.
Questions I’d be Asking If I Owned Tesla Stock
Here’s a big question I’d be asking if I owned Tesla stock: What happened to 345,000 reservations?
Why My Firm Sold Short-Term Bond ETFs and Bought U.S. Treasury Bills
Recently my firm replaced all of our short-term bond exchange-traded funds with U.S. Treasury bills. The core motive for this decision was not to pick up a few points of extra yield, though that’s a nice bonus.
What Would You Get if You Crossed Warren Buffett, Richard Branson and Steve Jobs? (Updated)
When we bought SoftBank a few years ago it was relatively unknown to most US investors. Some of our clients even thought it was a bank. Today Softbank is a daily staple in the business news.
London Value Conference Presentation (Q&A)
I had the pleasure of speaking at the London Value Conference, which was a terrific, first-rate event. I did not make a formal presentation; instead I did Q&A with my friend, the wonderful David Shapiro.
I Don’t Eat Desserts
As I got into my mid-forties I landed in my own version of a midlife crisis. Instead of getting a 20-year-old girlfriend or a red convertible, I started paying attention to my health.
Public Speaking. London. Laguna Beach
On May 24 I’ll be speaking at the London Value Investor Conference. My super-smart friend David Shapiro is the conference’s MC, in addition to running a very successful fund of funds in London, he will be conducting a fireside type of chat interview with me.
Socially Irresponsible Investing
Socially responsible investing. Awesome! What’s not to love – your capital doesn’t just enrich your life, it also flows only to companies that do social good.
50 Shades of Warren Buffett or Next Year In Omaha
I am about to embark on my 11th annual trip to Warren Buffett’s Omaha. This year I have something unique to share with you: an excerpt from a chapter I contributed to a brand new book, The Warren Buffett Shareholder.
Why I Canceled My Tesla Model 3 Order
I visited the Tesla store to check out the Model 3 but it was not available to view or test drive, now I'm considering cancelling my order on the Tesla Model 3 and buying a used Model S or waiting for an electric car from another manufacturer.
Exxon Mobil Think Again
General Electric's collapse taught investors a lesson: buying a company based on past reputation and dividend yield is risky. ExxonMobil, another formerly respected American icon, has been in self-liquidation for the past 10 years.
How The Stock Market Turns Investors Into Gamblers
People tend to forget that stock prices fluctuate due to many factors and not necessarily the true value of the stock. It is important to focus on the actual value of the company when investing in stocks rather than the market prices to avoid becoming a "degenerate gambler".
Welch vs Bezos – The Dangers of Investing in General Electric
A lot of times I won’t have an insight into a business because I don’t understand it or because it’s too complex. General Electric is a great example. As a value investor I should be all over this iconic stock, which is making a generational low.
Amazon Is Not a Threat to This Industry
Amazon's entrance into the US healthcare market caused stocks in the healthcare sector to drop, but upon further investigation it became evident that these concerns were overblown.
