title-img

Q&A with Barron's

  I was in interviewed in September 21 issue of Barron’s (see page 42).

VITALIY N. KATSENELSON SPENT HIS YOUTH in Murmansk, a city in northwest Russia perhaps best known to Westerners as a setting for The Hunt for Red October.

The Russian navy was a popular career track there. But Katsenelson, now 36, emigrated to the U.S. with his family in 1991, when he was 18. He took a keen interest in finance, earning undergraduate and graduate degrees at the University of Colorado/Denver. Since 1997, he has worked at Investment Management Associates, a Denver money manager with assets of about $60 million.  

 Katsenelson employs his active-value, or “buy-and-sell,” style in overseeing equity portfolios there: He’ll happily put money in cash when there aren’t enough compelling stocks around. Today, he maintains, the market is range-bound, meaning price/earnings ratios are under attack. In 2007, Katsenelson published Active Value Investing, a book that outlines his framework for portfolio management and stock-picking.

From Dec. 31, 2005, through June 30 of this year, his value strategy has earned an average annual total return of 0.64%, versus a 6.39% decline for the Standard & Poor’s 500. Barron’s spoke with him last week by phone.

read complete article on SmartMoney site – NO subscription required   or  read complete article on Barron’s site  – requires subscription

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.)

Don't miss new articles

We'll let you know when we publish new articles




YOU MIGHT ALSO LIKE: