Vitaliy Katsenelson
Redefine “value” in this era of the US stock market – Ep 256
Do we need to redefine “value” in this era of the US stock market, or should we continue to sit on the sidelines if traditional metrics show equities to be overvalued?
Skating on Thin Ice: Discipline, Doubt, and the Long Game (Part 1)
Our portfolios performed well in 2025, but the market feels like a lake warming in the spring. I want to share my thoughts on why we must be disciplined when skating on thinning ice.
Learn From Your Mistakes
In the past, I would argue that my biggest mistakes were not actually the loss of capital, but the opportunity cost of my sale decisions.
Use Social Media, Don’t Let It Use You
Social media is designed to be stronger than you. Learn my deliberate approach to social media use, how to avoid the "lizard brain" traps of jealousy, and why even "good" content can be a waste of your time.
A Brief Rant on Tesla & Musk – Ep 255
Last week, I received a lot of responses to my article about Tesla. They ranged from “Stop spewing your anti-right propaganda and stick to data” to “You don’t like Tesla stock. Are you saying your next car won’t be a Tesla?”
On Books, Music, and Investing
Today, we’re diving into two questions from readers that are close to my heart, which of my books is my personal favorite and why, and is there a similarity between classical music and investing for me?
Homophobic Arbitrage
A few years ago I went to a conference in South Beach. I had never stayed in a gay hotel before. I was not quite sure what the expectations were of guests.
2025 IMA Annual Client Meeting
📩 Join 94,000+ readers on my FREE weekly email newsletter: IMA Annual Client Meetings - 📚 Get my books: Soul in the Game - The Little Book of Sideways Markets - Active Value Investing - WHO AM I:...
I Don’t Want to Be Warren Buffett – A Value Investor’s Life Lessons I Stansberry Research
In this insightful interview with my friends Dan and Corey we discussed my evolution from a statistically oriented investor to a more selective investor who prioritizes quality companies.
Current Thoughts on Tesla – Ep 254
Tesla market value of $780 billion mostly reflects Elon's future dreams, not car sales. The reality? Only $100-180 billion tied to the actual vehicle business.
Europe Can’t Hide Behind America Anymore – Ep 253
Americans have always outspent Europe on defense, but to be fair, we have a currency advantage. Our military might elevated our currency to reserve status.
The Reputational Bankruptcy of the American Dollar – Ep 252
The US dollar will likely continue to get weaker, which is inflationary for the US. Let me start with some easily identifiable reasons.
Q&A Series: Managing Market Pressures and Evaluating Serial Acquirers
I held a Q&A session with readers a while back. In this email, we'll discuss how to handle market pressures and our view on serial acquirers.
Berkshire Hathaway Omaha Q&A Episode 4 – Tariffs on GDP, Social Media Use
This year at Berkshire Hathaway Annual Meeting, we’ve rented a large room at the Embassy Suites Old Market Omaha. This was a wide-ranging Q&A session on tariffs on GDP, social media use, and more.
Berkshire Hathaway Omaha Q&A Episode 3 – AI Effect on Market, Biggest Mistakes, Investing Ideas, and more
This year at Berkshire Hathaway Annual Meeting, we’ve rented a large room at the Embassy Suites Old Market Omaha. This was a wide-ranging Q&A session on AI effect on market, biggest mistakes, investing ideas, and more.
Berkshire Hathaway Omaha Q&A Episode 2 – Uber, Using AI, Investing in Europe, and more
This year at Berkshire Hathaway Annual Meeting, we’ve rented a large room at the Embassy Suites Old Market Omaha. This was a wide-ranging Q&A session on Uber, using AI, investing in Europe, and more.
Berkshire Hathaway Omaha Q&A Episode 1 – Index Investing, Sideways Markets, Company Analysis, and more
I hosted my first reader get-together in Omaha in 2008 when I attended my first Berkshire Hathaway Annual Meeting. This year, we’ve rented a large room at the Embassy Suites Old Market Omaha.
Choosing to Enjoy It
At my 11-year-old daughter, Mia Sarah's, bridging ceremony from elementary to middle school, a friend was complaining about the traffic and how much he hates driving his daughter to school.
Warren Buffett and the Berkshire Hathaway Paradox
Trip to Omaha has everything and nothing to do with Warren Buffett. The main event that draws everyone to Omaha – the Berkshire Hathaway (BRK) annual meeting – is actually the least important part.
Redefine “value” in this era of the US stock market
Do we need to redefine “value” in this era of the US stock market, or should we continue to sit on the sidelines if traditional metrics show equities to be overvalued?
A Brief Rant on Tesla & Musk
Last week, I received a lot of responses to my article about Tesla. They ranged from “Stop spewing your anti-right propaganda and stick to data” to “You don’t like Tesla stock. Are you saying your next car won’t be a Tesla?”
