This article was originally called Will Gold Shine Again?.  It was excerpted from my book Active Value Investing and appeared in the Rocky Mountain News.  I have no intention of making an argument of where the gold prices will be over next month or five years from now – I simply don’t know.  My intention is to dispel this notion that gold [...]

Denver Post wrote an article about my book Active Value Investing.  The question that comes to mind – what am I doing reading my own book (see picture in the article)?   I don’t really have a good answer to that question.  I’ve read it so many times while writing it that I really cannot [...]

Excerpted with permission of the publisher John Wiley & Sons, Inc. from Active Value Investing. Copyright (c) 2007 by Vitaliy Katsenelson
I spent my youth in Murmansk, a city in the northwest part of Russia (located right above the Arctic Circle). Murmansk owes its existence to the port that, due to the warm Gulf Stream, doesn’t [...]

After 16 years of almost no contact with my Russian high school and college friends I stumbled on Odnoklassniki.ru, a website very similar to Classmates.com. I reconnected with a lot of childhood friends. It was a very nostalgic and quite depressing experience as I found out two of my close childhood friends and five classmates [...]

Jos A. Bank (JOSB) reported decent numbers yesterday: sales grew 10%. It’s not a blow out number but a respectable number for this environment. Profit margins have expanded as corporate expenses are leveraged across a larger store base, driving earnings growth to 27%.