Vitaliy Katsenelson
Video from China/Japan Presentation and DC Trip
I had been in DC a few times before but never really had time to see the city. I took my almost-ten-year-old son Jonah with me on this trip, and we had an amazing experience.
China – The Mother of All Gray Swans / Japan – Past The Point of No Return
Overcapacity + late-stage growth obsessive 1998 - 2008, economy grew at 10% a year. China's customers are overleveraged and are deleveraging.
Fed’s Shortcut to Greatness
The bad economist confines himself to the visible effect, the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
Margin Shrinkage – It Can Happen to You
Profit margins are a tick away from all-time highs and are creating the impression of cheap equity valuations. But that impression is a mirage, because today’s generous margins are destined to shrink.
Set the Bar High
The world today is riddled with unique economic, political, and demographic risks. Finding attractively priced assets that will perform well in spite of these challenges is excruciatingly difficult.
What Fiddler on the Roof has to do with Value Investing
My interview with Forbes' John Dobosz on what value investing and Fiddler on the Roof have in common.
$1.3 Billion Burj Khalifa 2.0 is Brilliant!
Earlier this week we saw reports that “Beijing authorities plan to build a "seven-star hotel" modelled after Dubai's Burj Khalifa - the world's tallest building - in a $1.3 billion joint project with Saudi Arabia.”
Interview with Adviser Perspectives
To paraphrase Nassim Taleb, "Giving interviews is the art of repeating oneself without anyone noticing." With the new book out, I have the pleasure and the opportunity to perfect that art.
My 10 Favorite/Important Articles from 2010
Here are my 10 most favorite/important articles from 2010, all of them are still relevant today.
Interview with Manual of Ideas
Exclusive Interview with Vitaliy Katsenelson, CIO of Investment Management Associates and Author of The Little Book of Sideways Markets.
I had in depth audio interview with Jim Puplava
I had a pleasure of being interviewed by Jim Puplava, it is a lengthy and in depth interview about The Little Book of Sideways Markets.
David Rosenberg and Barron’s
David Rosenberg, ex-Chief Economist with Merrill Lynch, now with Gluskin Sheff, kindly mentioned my book in his research on Monday.
The Little Book of Sideways Markets is Out!
The Little Book of Sideways Markets is officially out. It was a fun and interesting project. I took Active Value Investing, completely rewrote the first half of the book.
On CNBC: Winning in Sideways Markets
A new little book is threatening to turn all that sage advice on its head. Vitaliy Katsenelson’s “The Little Book of Sideways Markets.”
U.S. Must “Man Up and Take the Pain” or We’ll Become Japan
"Lower taxes and borrow money to finance it," pretty much sounds like U.S. fiscal policy during the Bush years.
QE2 Is Not Only a Mistake, “It’s Criminal”
The failure of QE2 doesn't worry me. It's the success that worries me. I think it's criminal.
QE2: Beware the Perils of its Success
Over the next eight months the Federal Reserve will conduct QE2 – quantitative easing, the sequel. It will buy $600 billion worth of US long-term bonds in the open market.
Recommended Book List
Read books that will bring you sanity, the ones that will snap you back into the mindset of investor and out of being a nervous observer of the daily stock market melodrama.
China – The Mother of All Grey Swans
I had the pleasure of presenting my thesis on China and Japan at the Casey Research Summit in San Diego in early October.
Poststeroid Economics
During the ’80s and ’90s, ignorance was bliss. The global economy was growing nicely, and analyzing it seemed like a waste of time.
Shadow over Asia
I had the pleasure of presenting my thesis on China and Japan at the Casey Research Summit in San Diego in early October.
