The Intellectual Investor – Value Investing by Vitaliy Katsenelson

We think of Vincent Bollore as the John Malone of Europe – his strength is in identifying undervalued assets, taking control of them, and unlocking value. Bollore owns 25% of Vivendi, the prime asset of which is Universal Music Group (UMG), the largest music label in the world. Vivendi owns around 30% of the music created in the Western hemisphere. It is the home of Lady Gaga, Mariah Carey, Queen, Prince, and many other artists. In this podcast, Vitaliy explains the appeal of investing in (with) Vincent Bollore’s holding company of the same name.

You can read this article online at: https://contrarianedge.com/bollore-streaming-music-cash-flows/

Disclosure: Read this before you buy your next stock

The post Bollore: Streaming Music and Cash Flows – Ep 50 appeared first on The Intellectual Investor.

In a change of pace, this podcast will not discuss this stock market or the economy. Instead, Vitaliy writes about some very random, but still relevant topics - from his upcoming trip to Europe, to his new philosophy about helping his kids grow to be well-rounded adults, to when he decides to break with his diet (hint: it's 8% of the time!). Vitaliy hopes you enjoy it.

You can read this article online at: https://contrarianedge.com/the-8/

In a change of pace, this podcast will not discuss this stock market or the economy. Instead, Vitaliy writes about some very random, but still relevant topics – from his upcoming trip to Europe, to his new philosophy about helping his kids grow to be well-rounded adults, to when he decides to break with his diet (hint: it’s 8% of the time!). Vitaliy hopes you enjoy it.

You can read this article online at: https://contrarianedge.com/the-8/

The post The 8% – Ep 49 appeared first on The Intellectual Investor.

Party like it’s 1999: this is how the stock market feels to Vitaliy today. No, there are no dot-coms, though temporarily we had dot-cannabis and dot-fake-beef bubbles which got popped. Growth stocks are incredibly expensive. Value stocks have underperformed for the last ten years. The last time this underperformance was this extreme was 1999. In this podcast, Vitaliy walks you through how he sees the market today, and how IMA is building an All-Terrain portfolio to weather whatever the market might throw at it.

You can read this article online at: https://contrarianedge.com/2020-party-like-its-1999/

Disclosure: Read this before you buy your next stock

Party like it’s 1999: this is how the stock market feels to Vitaliy today. No, there are no dot-coms, though temporarily we had dot-cannabis and dot-fake-beef bubbles which got popped. Growth stocks are incredibly expensive. Value stocks have underperformed for the last ten years. The last time this underperformance was this extreme was 1999. In this podcast, Vitaliy walks you through how he sees the market today, and how IMA is building an All-Terrain portfolio to weather whatever the market might throw at it.

You can read this article online at: https://contrarianedge.com/2020-party-like-its-1999/

Disclosure: Read this before you buy your next stock

The post 2020: Party Like It’s 1999? – Ep 48 appeared first on The Intellectual Investor.

The Roman philosopher Seneca wasn’t talking about the stock market when he wrote that “Time discovers truth,” but he could have been. In the long run a stock price will reflect a company’s (true) intrinsic value. In the short run the pricing is basically random. In this podcast, Vitaliy looks at two historical examples of how the market got stock market valuations wrong in the short term, but right in the long term.

You can read this article online at: https://contrarianedge.com/the-market-right-now-doesnt-care-how-fantastic-your-stocks-are/

Disclosure: Read this before you buy your next stock

The Roman philosopher Seneca wasn’t talking about the stock market when he wrote that “Time discovers truth,” but he could have been. In the long run a stock price will reflect a company’s (true) intrinsic value. In the short run the pricing is basically random. In this podcast, Vitaliy looks at two historical examples of how the market got stock market valuations wrong in the short term, but right in the long term.

You can read this article online at: https://contrarianedge.com/the-market-right-now-doesnt-care-how-fantastic-your-stocks-are/

Disclosure: Read this before you buy your next stock

The post The Market Right Now Doesn’t Care How Fantastic Your Stocks Are – Ep 47 appeared first on The Intellectual Investor.

When Vitaliy got into his mid-forties, he landed in his own version of a mid-life crisis. Instead of getting a 20-year-old girlfriend or a red convertible, he started paying attention to his health. He was surprised to discover it was somewhat less-than-perfect. Vitaliy shares how he addressed this issue, including by tapping into the power of his unconscious mind. The unconscious mind plays a big role in investing, too, and Vitaliy shares how it can contribute to great outcomes in life, investing, and skipping dessert.

You can read this article online at: https://contrarianedge.com/i-dont-eat-desserts/

When Vitaliy got into his mid-forties, he landed in his own version of a mid-life crisis. Instead of getting a 20-year-old girlfriend or a red convertible, he started paying attention to his health. He was surprised to discover it was somewhat less-than-perfect. Vitaliy shares how he addressed this issue, including by tapping into the power of his unconscious mind. The unconscious mind plays a big role in investing, too, and Vitaliy shares how it can contribute to great outcomes in life, investing, and skipping dessert.

You can read this article online at: https://contrarianedge.com/i-dont-eat-desserts/

The post I Don’t Eat Desserts – Ep 46 appeared first on The Intellectual Investor.

Socially responsible investing. Awesome! What’s not to love – your capital doesn’t just enrich your life, it also flows only to companies that do social good. The best features of capitalism and socialism wrapped into one nice tidy package. This sounds great, just as socialism was music to Russian ears a hundred years ago. Vitaliy explores the complexities of implementing a socially responsible strategy, and shares how he tackles this subject at his investing firm, IMA.

You can read this article online at: https://contrarianedge.com/socially-irresponsible-investing/

Disclosure: Read this before you buy your next stock