How to Successfully Value Invest During a Bear Market w/ Vitaliy Katsenelson (CEO of IMA)
In this episode, Shamus Madan chats with Vitaliy Katsenelson about his journey into investing, the concept of value investing, and the role of managerial ability in assessing a company's worth. They debunk stock chart misconceptions, discuss the importance of people in a company's success, and how value investing adapts to market conditions. Vitaliy also shares his networking strategies in the investment industry and offers advice to young investors.
Key Points
- Vitali Casa Nelson emphasizes the importance of analysis and intellectual curiosity in investing, viewing it as a creative journey where one learns about various industries and companies.
- Value investing is distinguished from trading by the approach of analyzing a stock as if purchasing the entire company, focusing on long-term cash flows rather than short-term market patterns.
- Building a network of respected individuals and proactively engaging with investment communities is crucial for gaining investment insights, particularly in complex markets where the value may not be immediately apparent.
So today, Vitaliy Katsenelson sits down with Shamus Madan. Vitaliy immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, he became Chief Investment Officer in 2007, and CEO in 2012. Vitaliy has written two books on investing and is an award-winning writer. Known for his uncommon common sense, Forbes Magazine called him “The New Benjamin Graham.”
He’s written for publications including Financial Times, Barron’s, Institutional Investor and Foreign Policy. His articles are also published on his website, ContrarianEdge, and in audio format on his Intellectual Investor Podcast.
Now before we begin the podcast is not a recommendation to buy or sell any stocks holdings or securities, it is not a research report, and it meant for informational purposes only.
Chapters
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Transcript
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