Home » Articles » The Intellectual Investor Podcast » Q&A Series: On Firing Clients, Sizing Positions, and Ignoring Book Value – Ep 288

Q&A Series: On Firing Clients, Sizing Positions, and Ignoring Book Value – Ep 288

April 23, 2026

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AUTHOR:

Vitaliy Katsenelson

At IMA, we deal with prospective clients who have a short-term time horizon very differently. We do what I call "reverse marketing." I write articles, people read them, and when they get interested in our services, they download our brochure and reach out to us.

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WHO AM I: Vitaliy Katsenelson is the CEO of Investment Management Associates (IMA) in 2012. Forbes Magazine called him “The New Benjamin Graham.” He’s written for publications including Financial Times, Barron’s, Institutional Investor, and Foreign Policy.

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