Vitaliy Katsenelson
Tchaikovsky – Eugene Onegin
I’ll dedicate the next few musical notes to Peter Ilyich Tchaikovsky. I have always had a difficult relationship with his music.
Time to Buy Former Retailing Darling Tesco
I’ve been solving the puzzle of Tesco since Warren Buffett bought a stake in the grocer a few years back. The pieces I gathered piqued my interest.
Germany, Europe and Mother Russia – Excerpts from VALUEx Vail
I always look forward to Hendrik Leber's presentations. Hendrik runs a value investment fund named Acatis Investment out of Frankfurt, but he invests globally.
The Process – from VALUEx Vail
Investing is a peculiar industry because randomness is so deeply embedded in everything we do. I am always fascinated by the investment processes of other successful firms.
Why Investors Hate Apple — and Are Dead Wrong
In this article I don’t discuss Apple’s valuation, balance sheet, or financials. I covered these topics in great detail in these articles a few months ago.
Beethoven’s Piano Concerto Number 5
Today I want to share with you Beethoven’s Piano Concerto Number 5, also called the Emperor Concerto, performed by Rubenstein.
Nokia Deal Could Mark the Last Chapter for Microsoft
Microsoft needs a new CEO who is an outsider and not entangled in internal politics. It is in desperate need of a Lou Gerstner-like leader
Grieg Piano Concerto
Today I wanted to share with you the Piano Concerto in A Minor by Norwegian composer Edward Grieg, the only piano concerto he wrote.
Ben Bernanke: Buy One Suit, Get Three Free
Linear thinking is dangerous. It is the easiest form of reasoning, lying on the path of least resistance. The simpler the path, the more readily people will march along it.
Trip to Santa Fe and Some Thoughts on Apple
I am back from Santa Fe. My father, who turned 80 a few months ago, my son Jonah, and I drove from Denver to Pagosa Springs, spent a day there, and then drove to Santa Fe
La Traviata – Joan Southerland
Pavarotti needs no introduction, but Joan Sutherland, who passed away in 2010, is maybe less known to the younger generation.
Canada’s China Problem Is Greater than Its Housing Problem
I keep hearing that Canada is in the midst of its own real estate bubble, and I wonder if our northern neighbor will have its own banking crisis soon.
Jim Chanos and the Commodities Supercycle at Valuex Vail
This year James Chanos gave the Valuex Vail attendees an update on the Chinese bubble: It is alive and kicking. Jim estimates that Chinese spending on residential construction is currently running at 20 percent of GDP.
Jesse Livermore: Parallels Between 1920s and Today
There are lot of similarities between the 1920s and today. In fact Livermore’s quote says it all: “There is never anything new on Wall Street, because speculation is as old as the hills.” Jon talked about how the 1924-1929 bull market was rigged by stock manipulators.
Franz Liszt’s Piano Concerto No. 1
As one of my favorite childhood memories, I remember walking home with my father on a sunny Sunday afternoon. I was maybe nine years old. There was the sound of classical music coming from the fourth-floor window of our apartment building.
Beethoven’s Triple Concerto
I wanted to share with you probably the most unique performance ever recorded: Beethoven’s Triple Concerto.
Valuex Vail: Coming at Shale Oil from a Different Angle
The U.S. oil market, which is going through one of its largest transformations in decades. In fact, watching this market is like watching the invisible hand of a maestro conduct a gigantic orchestra within the constraints imposed by various laws and regulations.
Deep Thoughts from the Valuex Vail Conference
Valuex Vail is over. The three days of this investing conference, which I organize, are probably the most stimulating three days of the year for me.
Presentations from VALUEx Vail 2013
I've written a series of five articles sharing my thoughts from the VALUEx Vail conference. They will be published over next few week on Institutional Investor.
Opera and I
When I was young there were a few things I could not understand – probably more than a few, but these stood out: why would anyone drink coffee or beer, since they both tasted awful; and why anyone willingly would listen to opera? My mother had a great voice and sang in a chorus, but I don’t remember my parents listening to opera at home.
Finding Investment Value Outside the U.S.
U.S. investors have been brainwashed into thinking that whenever we venture beyond our shores we take on more risk.
