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Updated Book Presentation - May 21, 2009

 I updated my Active Value Investing presentation and added new slides.  This file opens Power Point – better for viewing on the screen, this file opens PDF – better for printing.

  • Slide 17 – new slide on Japanese secular bear market
  • Slide 18,19,20,21 – updated valuation data for recent stock market rise, added a new 10 year trailing P/E chart, and new reported and operating earnings expectations
  • Slide 20 – brand new discussion on the role interest rates play in stock market cycles
  • Slide 24 – new slide, are we still in range-bound market?

Vitaliy Katsenelson

I am the CEO at Investment Management Associates, which is anything but your average investment firm. (Seriously, take a look.)

I wrote two books on investing, which were published by John Wiley & Sons and have been translated into eight languages. (Even in Polish!)

In a brief moment of senility, Forbes magazine called me “the new Benjamin Graham.” (They must have been impressed by the eloquence of the Polish translation.)

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