The Intellectual Investor – Value Investing by Vitaliy Katsenelson
Value Investing, Life & Philosophy and Classical Music Explained by Vitaliy Katsenelson
The World’s Best-Prepared Patient – Ep 306
https://traffic.libsyn.com/secure/intellectualinvestor/306_The_Worlds_Best-Prepared_Patient.mp3
A good friend of mine in Denver was sick for months: coughing, shortness of breath, a fever that wouldn’t quit. Half a dozen doctors couldn’t figure out what he had. Then National Jewish Health diagnosed him with Valley fever, a fungal infection he’d picked up gardening in Arizona. That was before AI.
More recently, another friend started losing his vision after cataract surgery. Several doctors prescribed eye drops. He described his symptoms to AI, which flagged a very different diagnosis and told him to see...
The AI Hangover Is Coming. The Pandemic Already Showed Us How It Ends. – Ep 305
https://traffic.libsyn.com/secure/intellectualinvestor/305_-_The_AI_Hangover_Is_Coming.mp3
Peloton spent $100 million just on air freight to get bikes to customers faster during the pandemic. It bought Precor for $420 million and committed $400 million to build its own factory in Ohio. Then the economy opened up, demand dried up, and the stock fell from $160 to single digits.
Financial pundits looking for an analogy for what is about to happen to AI stocks reach back to the 1999 dot-com bubble or the 2008 financial crisis. I have done it myself. But we don’t have to go de...
Your Sophist Filter: On CEOs, Cynics, and the Voice in Your Head – Ep 304
https://traffic.libsyn.com/secure/intellectualinvestor/304_-_Your_Sophist_Filter3A_On_CEOs2C_Cynics2C_and_the_Voice_in_Your_Head.mp3
Around 155 BC, Athens sent the philosopher Carneades to Rome to plead for a fine to be lifted. He delivered a brilliant speech and swayed the audience. The next day he returned to the same square and delivered an equally impassioned speech making the opposite point, and swayed them all over again. Cato the Elder was in the crowd this time, and Athens paid the price.
This essay is an excerpt from my book Soul...
My New Daughter – Ep 303
https://traffic.libsyn.com/secure/intellectualinvestor/303_-_My_New_Daughter.mp3
On August 30, 2026 we gained a daughter. My son Jonah married Molly after eight years and one week of dating, and the Wedding Politburo gave me exactly three minutes for a speech. (I kept it to 40.)
This episode is the speech I gave at Jonah and Molly’s wedding, along with the story of the rabbi who married them and my 12-year-old Mia Sarah’s contribution to the evening.
In the speech, I tell Jonah about the chess tournament he won at ten years old and...
Depressing Reasons Why I Am Bullish On Gold (Part 2) – Ep 302
https://traffic.libsyn.com/secure/intellectualinvestor/302_-_Depressing_Reasons_Why_I_Am_Bullish_On_Gold_Part_2.mp3
The US is running a 6% budget deficit in peacetime. Peacetime is now over. Interest on our debt now costs more than defense. It crossed in 2024 and has stayed there.
This is the second half of my letter to IMA clients, and it argues for an asset I spent most of my career politely ignoring: gold. The fact that I am writing this is a bit shocking to me. Gold falls outside my value framework. It has no cash flows. I...
Narrative Change (Part 1) – Ep 301
https://traffic.libsyn.com/secure/intellectualinvestor/301_-_Narrative_Change_part_1.mp3
In mid-August 2026, the 30-year Treasury yield hit its highest level in 19 years, above 5.3%, and the 10-year touched 4.75%. What happened next did not shock me, but it worries me: the US Treasury bought back its own long bonds to push yields down, financing the purchase by issuing short-term Treasuries. Yields fell for a day and then went right back up.
This is the first half of my latest client letter. I sat down to write about individual stocks and kept ending up somewhere else. I get a...
You Are Responsible for What You Have Tamed – Ep 300
https://traffic.libsyn.com/secure/intellectualinvestor/300_-_You_Are_Responsible_for_What_You_Have_Tamed.mp3
A client of mine left $100 million to his wife and two grown kids after cancer took him at 66. He was Yale-educated, second-generation American, ran the family business his Russian immigrant father started, and worked 16-hour days, seven days a week, in the basement. His son, days away from becoming a father himself, told me: “I don’t want to be like my father.”
That conversation hit me hard. As a father who runs a business, I asked myself whether I’m doing th...
Chess Nights at Red Robin – Ep 299
https://traffic.libsyn.com/secure/intellectualinvestor/299_Chess_Nights_at_Red_Robin.mp3
After my daughter Hannah watched Queen’s Gambit in January 2021, she said “Dad, let’s play chess.” With those fateful words, our lives shifted. Just over a year later, I could no longer beat my 16-year-old daughter. Neither could her 6’3 older brother Jonah.
I wrote this essay a few years ago. Hannah is off at college now, Jonah is all grown up, and Mia Sarah is no longer eight. I did not want to change a word, because everything I felt on those Thursday nights is still e...
Today’s Market = 1999 Capex + 2008 Credit – Ep 298
https://traffic.libsyn.com/secure/intellectualinvestor/298_-_Todays_Market_3D_1999_Capex_2B_2008_Credit.mp3
Anthropic’s revenue has grown nearly 10x a year, three years running. Its losses are accelerating with it. And here is Dario Amodei in February: “If my revenue is not 1 trillion dollars, if it’s even $800 billion, there’s no force on earth, there’s no hedge on earth that could stop me from going bankrupt if I buy that much compute.”
The AI rollout has felt like déjà vu of the 1999 telecom bubble. It is starting to feel like that bubble is being super...
You Don’t Need to Be an Expert to Hire One. You Need a Tunaman. – Ep 297
https://traffic.libsyn.com/secure/intellectualinvestor/297_You_Dont_Need_to_Be_an_Expert_to_Hire_One._You_Need_a_Tunaman..mp3
My wife and I are taking a perfectly good 25-year-old house and spending 20% of the purchase price on a sizable remodel. Parts of it are going back to the studs. I had never done a big remodel, I knew nothing about construction, and I was shocked by how many landmines, wrong decisions, and outright deceptions we had to avoid just to start.
Strangely, the experience gave me incredible empathy for the smart, highly educated people who...
Most People Don’t Want to Write. They Want to Have Written. – Ep 296
https://traffic.libsyn.com/secure/intellectualinvestor/296_Most_People_Dont_Want_to_Write._They_Want_to_Have_Written..mp3
I was at a conference in Switzerland. A reader came up to me and asked, “Vitaliy, I’ve been reading your articles for years. I’d like to write. How should I start?” This question spilled into a long conversation over dinner. When I told him what almost two decades of writing have taught me, his face fell. He’d tried it. He’d spent weeks staring at the computer and written complete garbage.
Welcome to my world.
In this pi...
You are not as smart as you think you are – Ep 295
https://traffic.libsyn.com/secure/intellectualinvestor/295_You_are_not_as_smart_as_you_think_you_are.mp3
Lately, I’ve been getting this powerful feeling that everything I touch turns to gold. Every time I buy a stock, it goes up. Did I finally figure out the stock market game? Did I find a secret way to follow Will Rogers’ advice: Buy stocks that go up, and if they don’t go up, don’t buy them?
No. I didn’t get much smarter. I was simply a willing participant in the latest cyclical bull market. A bull marke...
Guy and I – Ep 294
https://traffic.libsyn.com/secure/intellectualinvestor/294_Guy_and_I.mp3
My dear friend Guy Spier did an almost hour-long interview with CNBC’s Becky Quick. It is an interview I wish had never happened, or, if it did, for a different reason. Guy has been diagnosed with glioblastoma (GBM), one of the deadliest cancers. In January, Guy returned money to his investors, closed his fund, and wrote a must-read letter.
I first heard of Guy at Charlie Munger’s Daily Journal meeting, when a friend pointed to his silhouette and whispered his name with a deference that made...
This Is Your Captain Speaking – Buckle Up – Ep 293
https://traffic.libsyn.com/secure/intellectualinvestor/293_This_Is_Your_Captain_Speaking_-_Buckle_Up.mp3
I am on the flight from Denver to San Francisco with my twelve-year-old daughter when I write this letter to IMA clients about the craziness I am seeing in the markets. The turbulence on the flight gave me the pilot analogy. The rest came from what I see in valuations.
This market is starting to feel incredibly bubbly, approaching circa 1999. The similarities are eerie. Intel and Corning, darlings of 1999, are at multidecade highs at nosebleed valuations. Walmart is trading at 50 times earnings...
Fiddler on the Roof and Value Investing – Ep 292
https://traffic.libsyn.com/secure/intellectualinvestor/292_-_Fiddler_on_the_Roof_and_Value_Investing.mp3
It was 2006, my fifth year teaching a graduate investment class at the University of Colorado at Denver, and I had stopped preparing for lectures. One day I opened the syllabus and found discounted cash flow analysis on the menu. I started with: “Imagine you are a farmer about to buy a cow. How much would you pay for that cow?”
A few days later, on a Saturday morning, I was sitting in my basement working on the valuation chapter of my first book...
What to Do When a Stock Drops 25% – Ep 291
https://traffic.libsyn.com/secure/intellectualinvestor/291_What_to_Do_When_a_Stock_Drops_25.mp3
A client emails me: stock XYZ has declined 25%, is the thesis broken? It’s a fair question, and the honest answer is one I want to walk through carefully, because the same client letter brought a second question wearing different clothes: how do you tell the difference between patience and stubbornness when a position isn’t working?
Both questions get at something I think about constantly: how to hold a position through doubt without either flinching at noise or hardening into ego. Daily liqu...
Greg Abel Takes Over Berkshire Hathaway: My Thoughts After Omaha 2026 – Ep 290
https://traffic.libsyn.com/secure/intellectualinvestor/290_Is_Greg_Abel_Able.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
Adam Anderson’s interview – AI-generated summary: https://x.com/vitaliyk/status/2056704702323229068
The Intellectual Investor Breakfast 2027 signup form: https://forms.monday.com/forms/460b2f5a0da2d4ec7928242b1480ae01?r=use1
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
WH...
What the Iran War Reveals About the Dollar, Gold, and the End of US Exceptionalism – Ep 289
Questions answered in this episode
How has the war in Iran changed how you think about portfolio construction? The war highlighted a deeper shift in the post-WWII order, with the US weakening its own alliances and quietly handing China and Russia the gift of a fractured West. That makes the world less predictable, raises pressure on US deficits, and means real commodities are likely to cost more over time. Our response has been to stay comfortable with our oil and gas exposure, add to gold, and look for businesses in non-Western countries where the rule of law...
Q&A Series: On Firing Clients, Sizing Positions, and Ignoring Book Value – Ep 288
https://traffic.libsyn.com/secure/intellectualinvestor/288_QA_Series_On_Firing_Clients_Sizing_Positions_and_Ignoring_Book_Value.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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 inclu...
Q&A: The Antifragile Investor: Balancing Geopolitics, Identity, and the Cost of Growth – Episode 287
https://traffic.libsyn.com/secure/intellectualinvestor/287_QA_The_Antifragile_Investor_Balancing_Geopolitics_Identity_and_the_Cost_of_Growth.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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 i...
Uber and Self-Driving Cars: The Utilization Problem Nobody Talks About – Ep 286
https://traffic.libsyn.com/secure/intellectualinvestor/286_Uber_and_Self-Driving_Cars3A_The_Utilization_Problem_Nobody_Talks_About.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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 inclu...
What AI, Tariffs, and Global Uncertainty Mean for Your Portfolio – Ep 285
https://traffic.libsyn.com/secure/intellectualinvestor/285_What_AI_Tariffs_and_Global_Uncertainty_Mean_for_Your_Portfolio.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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 Financia...
When to sell a stock: The Art and Psychology of Selling – Ep 284
https://traffic.libsyn.com/secure/intellectualinvestor/284_-_When_to_sell_a_stock_The_Art_and_Psychology_of_Selling.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
Register for Sunday Breakfast: https://forms.monday.com/forms/3b3e9a45eb22d413458ec0cd8a9bcdb0?r=use1&utm_source=libsyn&utm_medium=email&utm_campaign=284-
Check out my Omaha weekend guide: https://brkguide.com/?utm_source=libsyn&utm_medium=email&utm_campaign=284-
📚 Get my books:
Soul in the Game – https://amzn.to/43CF7...
On AI Eating The World – Ep 283
https://traffic.libsyn.com/secure/intellectualinvestor/283__On_AI_Eating_The_World.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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, Institut...
10 Life Lessons I Passed On to My Daughter on Her Bat Mitzvah – Ep 282
https://traffic.libsyn.com/secure/intellectualinvestor/282_10_Life_Lessons_I_Passed_On_to_My_Daughter_on_Her_Bat_Mitzvah.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
This Is What Happiness Feels Like article link: https://investor.fm/this-is-what-happiness-feels-like/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
WHO AM I: Vitaliy Katsenelson is the CEO of Investmen...
Q&A: From Imposter Syndrome to Authenticity – Ep 281
https://traffic.libsyn.com/secure/intellectualinvestor/281_QA_From_Imposter_Syndrome_to_Authenticity.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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 Inv...
The Church of Climate and the Law of Unintended Consequences – Ep 280
https://traffic.libsyn.com/secure/intellectualinvestor/Episode_280_The_Church_of_Climate_and_the_Law_of_Unintended_Consequences.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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 inclu...
Q&A Money Should Buy Time, Not Things – Ep 279
https://traffic.libsyn.com/secure/intellectualinvestor/279_QA_Money_Should_Buy_Time_Not_Things.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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, B...
Our Sistine Chapel: Long-Term Investing in Quality and Kindness – Ep 278
https://traffic.libsyn.com/secure/intellectualinvestor/278_Our_Sistine_Chapel3A_Long-Term_Investing_in_Quality_and_Kindness.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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 Financia...
On Books, Music, and Investing – Ep 277
https://traffic.libsyn.com/secure/intellectualinvestor/277_On_Books__Music_and_Investing.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
Charities: https://investor.fm/donate/
Six Commandments of Value Investing: https://investor.fm/the-6-commandments-of-value-investing/
Soul in the Game chapters: https://soulinthegame.net/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
WHO AM I: Vi...
Living and Investing with Intention – Ep 276
https://traffic.libsyn.com/secure/intellectualinvestor/276_Living_and_Investing_with_Intention.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
If you prefer watching the Q&A you can click here: https://www.youtube.com/watch?v=f8HzbiuczWs&t=1229s
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
WHO AM I: Vitaliy Katsenelson is the CEO of Investment M...
Q&A Series: Managing Market Pressures and Evaluating Serial Acquirers – Ep 275
https://traffic.libsyn.com/secure/intellectualinvestor/275_QA_Series_-_A_Managing_Market_Pressures_and_Evaluating_Serial_Acquirers.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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 inclu...
Learning to See – Ep 274
https://traffic.libsyn.com/secure/intellectualinvestor/274_Learning_to_See.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
Operation Molly article: https://investor.fm/operation-molly/
Jonah’s X post: https://x.com/KatsenelsonJ/status/1999214976917979252
Rembrandt’s painting: https://investor.fm/learning-to-see/#rembrandt
Hannah’s painting: https://investor.fm/learning-to-see/#hannah-katsenelson
Charities: https://investor.fm/donate/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Val...
Operation Molly – Ep 273
https://traffic.libsyn.com/secure/intellectualinvestor/273_Operation_Molly.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
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.
...Surrounding Yourself with Greatness – Part 2 – Ep 272
https://traffic.libsyn.com/secure/intellectualinvestor/272_Surrounding_Yourself_with_Greatness_-_Part_2.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
You can read the full essay: https://investor.fm/quality-matters-from-paris-to-portfolios/
The Ability to Suffer – Part 2 article link: https://investor.fm/the-ability-to-suffer-part-2/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
WHO AM I: Vitaliy Katsenelson is the CEO of Inv...
From Paris with Love, from London with Concern – Part 1 – Ep 271
https://traffic.libsyn.com/secure/intellectualinvestor/271_From_Paris_with_Love2C_from_London_with_Concern_-_Part_1.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
You can read the full essay: https://investor.fm/quality-matters-from-paris-to-portfolios/
My Lady at the Musée painting image link: https://investor.fm/quality-matters-from-paris-to-portfolios/
Position sizing article: https://investor.fm/position-sizing-how-to-construct-portfolios-that-protect-you/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Inves...
Q&A Series: Research Process, Evaluating Country Risk and Tech Investments – Ep 270
https://traffic.libsyn.com/secure/intellectualinvestor/270_QA_Series_A_Research_Process_and_Evaluating_Country_Risk.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
Spin Dictators book: https://www.amazon.com/Spin-Dictators-Changing-Tyranny-Century/dp/0691211418
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
WHO AM I: Vitaliy Katsenelson is the CEO of Investment Management Associates (IMA) in 2012. Forbes Magazine cal...
London and Scotland: Musicals, Markets, and Memories – Part 3 – Ep 269
https://traffic.libsyn.com/secure/intellectualinvestor/269_London_and_Scotland3A_Musicals2C_Markets2C_and_Memories_-_Part_3.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
You can read the full letter here: https://investor.fm/2025-fall-letter/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
WHO AM I: Vitaliy Katsenelson is the CEO of Investment Management A...
The Ability to Suffer – Part 2 – Ep 268
https://traffic.libsyn.com/secure/intellectualinvestor/268_The_Ability_to_Suffer_-_Part_2.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter: https://investor.fm/sign-up/
You can read the full letter here: https://investor.fm/2025-fall-letter/
Previous client letter: https://investor.fm/cost-plus-capitalism-lessons-from-hii-and-the-future-of-naval-shipbuilding-part-5/
📚 Get my books:
Soul in the Game – https://amzn.to/43CF73v
The Little Book of Sideways Markets – https://amzn.to/3QWTlqZ
Active Value Investing – https://amzn.to/3u8zn3A
WHO AM I: Vitaliy Katsenelson is the CEO of Inves...
The Art of Rational Irrationality – Part 1 – Ep 267
https://traffic.libsyn.com/secure/intellectualinvestor/267_The_Art_of_Rational_Irrationality_-_Part_1.mp3
📩 Join 100,000+ readers on my FREE weekly email newsletter:https://investor.fm/sign-up/
You can read the full letter here: https://investor.fm/2025-fall-letter/
Picture on x.com: https://x.com/vitaliyk/status/1966606901270995163
📚 Get my books:
Soul in the Game –https://amzn.to/43CF73v
The Little Book of Sideways Markets –https://amzn.to/3QWTlqZ
Active Value Investing –https://amzn.to/3u8zn3A
WHO AM I: Vitaliy Katsenelson...
