Vitaliy Katsenelson
Gilead Sciences’ Miracle Drug Combination
It was 1986. I was a junior high school student in Soviet Russia. In political information (propaganda) class, the teacher ...
Saint-Saens Piano Concertos 1-5
A few weeks ago I shared with my readers Saint-Saens’ Piano Concerto No. 1. To my surprise, I received a lot more ...
How Investors Should Deal With The Overwhelming Problem Of Understanding The World Economy
January 2016 The article is very long. It is long for two reasons: first, it is was originally a two-part article ...
Santa Fe Revisited 2015
Last year I wrote about (what has become) our annual trip to Santa Fe. The first two years it was grandfather, father, and son (my oldest, Jonah, who is 14). This year, the “boys” trip was turned into a “boys +1” adventure as we were joined by my nine-year-old daughter, Hannah.
Downhill Racing Meets Value Investing
I am a skier. When someone says this, you assume he or she is good. Well, I thought I was good. I was not Lindsey Vonn, but I had the technique down. I’d be the fastest person going down the mountain, always waiting for my friends at the bottom
What I Learned from Value Investor Guy Spier
Guy Spier is a tremendous value investor who happens to be a good friend whose company I truly enjoy. He is the most cosmopolitan person I know. He was born in South Africa, spent his childhood in Iran and Israel
Making the Case — Again — for Micron
I made a case for Boise, Idaho–based chip maker Micron Technology in April 2014. For a while I looked brilliant: The stock went vertical from $22, peaking at $36.
Zurich Presentation & Romantic Road
Guy Spier and I presented and did a joint Q&A with the UK CFA Society, and then the next day we flew to Zürich. There we did another presentation, this time for the Zürich CFA.
Apple’s Electric Car and Its Consequences
I was on Bloomberg Radio with Cory Johnson and Carol Massar, discussing my latest article on Apple’s electric car and its consequences.
Shadow Over Asia
Five years ago, almost to the day, I was interviewed by David Galland, who worked at Casey Research at the time. This interview covered three topics: the Chinese overcapacity bubble, the Japanese debt bubble, and my sideways markets thesis. Five years is a long time, but with the exception of updating some statistics I really would not change anything.
Apple, Amazon, Tesla and the Changing Dynamics of the Car Industry
Writing is a very weird experience for me. Sometimes it feels almost like an act of divine intervention. Not because of the divinity of it, but because of the intervention part.
Casta Diva
Norma premiered in La Scala (the Mecca of opera in Millan Italy) in 1831. Casta Diva is one of the most challenging arias ever written for soprano.
Thoughts on iPhone 6s
I spent the weekend with an iPhone 6s. I didn’t find many differences between the 6 and 6s.
Innovation is Alive and Well at Apple
Can Apple still come up with breakthrough innovations? In September Apple introduced an iPhone with 3-D touch, Apple TV that has been turned into a gaming device and a larger iPad with a stylus that will take the tech giant into new niches.
Manifesto – The Values of Value Investing
I rarely share letters we write to IMA’s clients, but I decided to share this “Value Investor’s Manifesto”.
The Apple Watch Is More Than a Cool Gadget
“You know how difficult it is to explain to a nonparent the joy of having kids? The Apple Watch is the same thing. It’s hard to explain how great it is to someone who has never worn one.”
The Conn’s Paradox, or the Synergy of Awful
I expected to see inverse synergy at Conn’s when we started analyzing it; after all, the company consists of two pretty awful businesses.
Beethoven’s Symphony No. 9
I wanted to share with you Beethoven’s Symphony No. 9. It is not a traditional symphony, because it uses voices in addition to instruments.
Me, My Boy and Warren Buffett
In my latest attempt to gently nudge Jonah’s direction in life, I am taking him to the Berkshire Hathaway annual meeting.
How Emotional Intelligence Can Make You a Better Investor
Investors enjoy the unique luxury of choosing problems that let them maximize the use of not just their IQ but also their EQ — emotional intelligence.
Unraveling the Mystery of Oil and the Swiss Franc
The collapse of oil prices and jump in the Swiss franc have forced me to puzzle over these weighty questions.
