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TIP287: VALUE INVESTING AND MARKET CYCLES
W/ VITALIY KATSENELSON
15 March 2020
On today’s show, we have value investing expert, Vitaliy Katsenelson, to talk about market cycles and investing with the fundamentals.
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IN THIS EPISODE, YOU’LL LEARN:
- Why value investors don’t understand how Warren Buffett does factor in macroeconomics events.
- The biggest misperception of dividend investing.
- How to measure value in growth.
- How to invest in companies with predictable earnings.
- Ask The Investors: How to make a living in investing when your holding period is forever?
TRANSCRIPT
Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.
Preston Pysh 00:02
On today’s show, we have Vitaliy Katsenelson. Vitaliy is the Chief Investment Officer at the Investment Management Associates. He has written two books; one titled The Little Book of Sideways Markets, and the other titled Active Value Investing. He’s often featured on Bloomberg Businessweek, Barron’s, and the Financial Times.
I think it’s very important to note that this conversation was recorded more than two weeks ago; and as everyone knows, things in the markets have become quite crazy with national shutdowns and unprecedented volatility. With that said, many of the ideas that Vitaliy talks about are relevant for how to think about managing risk, and preparing for many of the things that we’ve seen happen since the recording took place. So, without further delay, here’s our conversation with Vitaliy Katsenelson.
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BOOKS AND RESOURCES
- Vitaliy Katsenelson, website Contrarian Edge.
- Listen to Vitaliy Katsenelson’s articles.
- Lawrence Cunningham’s book, The Essays of Warren Buffett – read reviews here.
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