711: Vitaliy Katsenelson | Learning the "People" Side of Value Investing

You don’t often think about culture and people when looking to invest in the stock market. In this episode, we’re going to turn that on its head.

Vitaliy N. Katsenelson, CFA is Chief Investment Officer at IMA. He is the author of The Little Book of Sideways Markets and Active Value Investing. While his primary focus is on discovering undervalued companies for his clients, he is also known for his “Uncommon-Common Sense”, and speaks frequently to investment groups around the world. He’s also been featured in articles in the Financial Times, Barron’s, Bloomberg BusinessWeek.

Let’s dive right in and learn the "people side" of value investing.

Things you will learn in this episode:

[00:01 - 03:52] Opening Segment 

I introduce today’s guest, Vitaliy KatsenelsonVitaliy gives us a bit of his backgroundAppreciating things now more than in the past The things you value today, will not be what you value tomorrowDeveloping the passion for investing out of collegeThe journey of getting his CFABecoming the CIO of IMALearning to appreciate the people around you more 

[03:53 - 11:35] Learning the "People" Side of Value Investing

Vitaliy talks about the importance of culture People will make the difference The softer side of investingNumbers are easyLearning ‘people’ is hard How to audit yourself to identify potential problemsHave self-awarenessYou need humility A quick word from our sponsors

[11:36 - 20:30] Writing, Relationships, and Marketing

The importance of writing on personal developmentFocused form of meditation Connecting the subconscious mind with the conscious mind How relationships come into play in Vitaliy’s work The example of not being good at salesYou should work with people you like Vitaliy talks about how he networks You don’t need to go in with an agenda You need people who can help you unwind as well Know the specific things you want to learn from someoneWho you know, or what you know?It depends on the people What you know can create who you know

[20:31 - 26:21] Closing Segment 

The RaNDom RoUnDHow to connect with Vitaliy and his work - links belowFinal words 

 

Tweetable Quotes: 

“The easiest way to learn investing is figuring out the numbers… The softer side is the people.” - Vitaliy 

“A lot of thoughts live in our heads. Writing, for me, is a very focused meditation.” - Vitaliy Katsenelson

“When you invest in the Stock Market, you can be making all the right decisions and the Market just doesn’t care.” - Vitaliy Katsenelson

Resources Mentioned:

The Softer Side of Value InvestingThe Little Book of Sideways MarketsActive Value InvestingVitaliy Katsenelson YouTune Channel

You can connect with Vitaliy on Twitter and LinkedIn. For expert investment services, resources, and education visit https://contrarianedge.com/. 

Did you love the value that we are putting out in the show? LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out great content just for you! Share this episode and help someone who wants to connect with world-class people. 

Jump on over to travischappell.com/makemypodcast and let my team make you your very own show!

If you want to learn how to build YOUR network, check out my website travischappell.com. You can connect with me on Facebook, Instagram, and Twitter. Be sure to join The Lounge to become part of the community that’s setting up REAL relationships that add value and create investments.

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy