Category archive

The Process - page 2

Germany, Europe and Mother Russia – Excerpts from VALUEx Vail

in The Process/VALUEx Vail by

I always look forward to Hendrik Leber’s presentations. Hendrik runs a value investment fund named Acatis Investment out of Frankfurt, but he invests globally. In preparation for the conference, I asked him if he could talk about investing from a European perspective, so he did. Hendrik believes that there is no immediate danger of Europe’s monetary…

Keep Reading

The Process – from VALUEx Vail

in FP: Latest/The Process/VALUEx Vail by

Investing is a peculiar industry because randomness is so deeply embedded in everything we do. I am always fascinated by the investment processes of other successful firms. The outcome of every decision we make results from two inputs: our skill and our luck (randomness, whether good or bad). When you analyze anyone’s investment decisions solely…

Keep Reading

Sideways Markets Presentation

in FP: Latest/The Process by

Here are slides of my updated/revised presentation on sideways markets.  Over the last three months I’ve given talks on sideways markets three times, to CFA Societies in South Florida, New Zealand, and Atlanta.  It is very hard to be excited about the US stock market.  I read that Rich Bernstein, former chief investment strategist at…

Keep Reading

Thoughts from VALUEx Vail 2012 Conference

in FP: Latest/The Process/VALUEx Vail by

Here are my thoughts from the VALUEx Vail conference.  The idea for this conference came to me when I attended VALUEx Zurich, organized by Guy Spier and John Mihaljevic  in February 2011 (you can register for VALUEx Zurich 2012, here).  The thought of spending three days learning and sharing ideas with smart, like-minded value investors…

Keep Reading

Seek out people who disagree with you; The budget deficit is a stimulus; China = post-bubble Japan?

in 5 Minutes of Fame/China/FP: Latest/The Process by

I am back from Buffett’s Omaha.  Every year I come back feeling supercharged for the year ahead.  This year was no different.  From morning till night I had the pleasure of sharing and debating ideas with investors from all over the world.  Though I did not plan it this way, the first day I had…

Keep Reading

Don’t Look to the Market for Advice

in FP: Latest/The Process by

In  the classic book The Wizard of Oz, the Wizard decreed that everyone who entered the Emerald City wear green-tinted glasses. Visitors and citizens were told that this was to protect them from the “brightness and glory.” In truth, though, the Wizard had lost his mojo and become a run-of-the-mill charlatan. There was no brightness…

Keep Reading

For Europe, Breaking Up Is a Hard Thing to Do

in Else/FP: Latest/Macro/The Process by

Everyone is looking with horror at Europe, waiting for the European Economic and Monetary Union to break up and for the PIIGS to start dropping like flies, taking the rest of the euro zone and the global economy with them. Unlikely! European monetary union was a great experiment that made a lot of sense on…

Keep Reading

Fed is Measuring U.S. Economic Health by the Wrong Number

in FP: Latest/The Process by

Mark Twain said, “To a man with a hammer, everything looks like a nail.”  To a Fed – an institution employing an army of economists and academics – everything looks like an economic problem that needs to be quantitatively eased.  But the Fed is killing the economy. Undermines confidence  Sir Alan Greenspan, who, after he…

Keep Reading

Go to Top

DON`T MISS OUT!

Get the latest investment articles in your inbox every week

"Vitaliy Katsenelson is the new Benjamin Graham."

- Forbes

Tired of generic investment advice?

CUT THROUGH THE BS - JOIN 15,000 READERS

"Vitaliy Katsenelson is the new Benjamin Graham."

- Forbes

JOIN TO OUR NEWSLETTER

Tired of generic investment advice?

Sign Up for Articles

Join tens of thousands of readers