The Intellectual Investor – Value Investing by Vitaliy Katsenelson

Hosted by Vitaliy Katsenelson

Business

Website RSS feed

Episodes

250

Latest episode

Aug 2026

Language

EN-US

About the show

Value Investing, Life & Philosophy and Classical Music Explained by Vitaliy Katsenelson

Listen to episodes

60 recent

September 9, 2026

Narrative Change (Part 1) – Ep 301

Narrative change is a reversal of mass behavior. Economics and stock market valuation are governed by soft laws, but the reality bent by human behavior can disagree with these soft laws for much longer than rational actors would expect, or stay solvent. The change, going from euphoria to despair, is a change in narrative. The post Narrative Change (Part 1) – Ep 301 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

August 21, 2026

You Are Responsible for What You Have Tamed – Ep 300

As an entrepreneur, you always want to grow your business. Your current revenue and profit are never enough; they just set the bar higher for next year. We always want more. But this “more” has a hidden cost. The post You Are Responsible for What You Have Tamed – Ep 300 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

August 6, 2026

Chess Nights at Red Robin – Ep 299

I have vague first memories of playing chess with my grandfather when my family visited my father's parents in Moscow. I was five years old. The post Chess Nights at Red Robin – Ep 299 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

July 31, 2026

Today’s Market = 1999 Capex + 2008 Credit – Ep 298

I wrote in the past that the AI rollout feels a lot like déjà vu of the 1999 telecom bubble. Today's AI bubble has elements of both the 1999 overinvestment in internet infrastructure and the 2008 collapse of financial instruments that infected the banking and financial system. The post Today’s Market = 1999 Capex + 2008 Credit – Ep 298 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

July 23, 2026

You Don’t Need to Be an Expert to Hire One. You Need a Tunaman. – Ep 297

My wife and I are taking a perfectly good 25-year-old house and spending 20% of the purchase price on a sizable remodel. Parts of it are going back to the studs. I had never done a big remodel, I knew nothing about construction, and I was shocked by how many landmines, wrong decisions, and outright ... Read more The post You Don’t Need to Be an Expert to Hire One. You Need a Tunaman. – Ep 297 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

July 16, 2026

Most People Don’t Want to Write. They Want to Have Written. – Ep 296

I was at a conference in Switzerland. A reader came up to me and asked, "Vitaliy, I've been reading your articles for years. I'd like to write. How should I start?" The post Most People Don’t Want to Write. They Want to Have Written. – Ep 296 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

July 10, 2026

You are not as smart as you think you are – Ep 295

Lately, I’ve been getting this powerful feeling that everything I touch turns to gold. Every time I buy a stock, it goes up. Did I finally figure out the stock market game? Did I find a secret way to follow Will Rogers’ advice: Buy stocks that go up, and if they don’t go up, don’t ... Read more The post You are not as smart as you think you are – Ep 295 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

June 16, 2026

Guy and I – Ep 294

Reflections on friendship, mortality, and the kindness of Guy Spier, the value investor who taught me that we all live on borrowed time. The post Guy and I – Ep 294 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

June 9, 2026

This Is Your Captain Speaking – Buckle Up – Ep 293

I have been feeling very uneasy about the market and the economy. Over the last two decades our economy has been acclimated to insanely low interest rates, and reacclimation to higher and rising rates is going to be difficult. The post This Is Your Captain Speaking – Buckle Up – Ep 293 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .

June 5, 2026

Fiddler on the Roof and Value Investing – Ep 292

My subconscious melded Fiddler on the Roof with the lecture from a few days earlier, and I ended up writing a chapter about the Jewish farmer Tevye buying a cow, Golde (which he named after his first wife). The post Fiddler on the Roof and Value Investing – Ep 292 appeared first on The Intellectual Investor - Value Investing by Vitaliy Katsenelson .