Vitaliy Katsenelson
Microsoft Debt Issuance Makes Zero Economic Sense
Microsoft will use the sales proceeds to repay short-term debt. If it was any other company I’d ignore this headline as a daily noise as this kind of things happens all the time.
Investing in Range-Bound Markets
Here is my article on range-bound markets in NAPFA magazine: Investing in Range-Bound Markets by Vitaliy N. Katsenelson (published in ...
China Roundtable with Robert Horrocks and Vitaliy Katsenelson
China’s recovery from the global recession has been sharp and striking, but we have been hearing different views on China’s recent economic performance.
See You In Omaha and More Random than Usual Thoughts
It’s time for the annual trip to Omaha. For many, it’s a worshipful pilgrimage, as they hang on every word coming out of the Oracle’s mouth as the Gospel of Eternal Truth.
Randoms: Invitation to Presentation; Vodafone; Russia
I’ll cover a lot of random subjects, but let me start with an invitation. I was invited to give a talk about China and Japan at my alma mater, the University of Colorado at Denver.
China: the coming costs of a superbubble
China may seem to have defied the recession and the laws of economics. It hasn't. When China's bubble bursts, the global impact will be severe, spiking US interest rates.
Don’t call me Dr. Doom, call me Mr. Realist
The current strength of the US economy is significantly boosted by steroids graciously provided by the US government in the form of stimulus.
Business Insider Interview: China – Speed 3?
I was interviewed on BusinessInsider about China. If you did not see it, this presentation covers a lot of points I discussed in this interview.
Travel (Mis) Adventure
I was invited to speak to the CFA Society of Bermuda. My wife and I decided to make a mini kids-free vacation out of it.
China – The Mother of All Black Swans
Chinese economy has tremendous overcapacity in the commercial and residential real estate and industrial sectors as you see from this presentation.
Jamie Dimon’s Thoughts on Chinese Banking System
In this excerpt, an employee who was present at the meeting sums up Jamie Dimon's, the head of JPMorgan, thoughts on China.
A Few thoughts on the Burlington acquisition
I get a feeling that Buffett has been canonized into a value investor saint – investors and the media worship the ground he walks on and the air he breathes.
Speaking, Travel and See you in Omaha
I’ll be giving a talk about Active Value Investing to the Bermuda CFA Society on February 11th. On the way to Bermuda my wife and I will spend three days in NYC.
Even Capitalist Pigs Should Love Bank Regulation
I am a Capitalist Pig, and proud of it, thus you would not expect me to support government interference and more strenuous regulation of financial institutions – after all, capitalism (free markets) and tight regulation don't mix well.
Chinese Quest for Shortcut to Greatness
The Chinese economy must be getting out of control, because the Chinese government is doing the unthinkable: It is desperately trying to put the brakes on the economy.
The case for Pfizer
I understand why investors don’t want to own Pfizer (PFE); there is little excitement in the stock.
Welcome to Another Lost Decade
The stock market’s performance over the next decade will be very similar to the one since 2000: the WSJ appropriately named it “the lost decade.”
Barron’s: Economic Steroids Are Toxic, Too
The global economy is like a marathon runner who ran too hard and hurt himself. This runner has been injected with some industrial-quality steroids
China vs. the World
Investors have a healthy distrust, and rightly so, of governments running banks in the US and UK, but for a very strange reason are comfortable with the Chinese government wheeling and dealing with Chinese banks.
Q&A with FT:Investing in Range-Bound Markets
In the bull market that preceded the collapse of Lehman Brothers and the ensuing financial crisis, equity valuations reached some very frothy levels.
Dubai’s Shot to the Moon
Dubai’s plan to diversify away from petrochemicals made sense. Maybe it is even destined to become the Las Vegas of the Middle East, the Mecca of business travel and luxury.
