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I talk to Vitaliy Katsenelson, value investor and CEO of Investment Management Associates. He is also the author of Soul in the Game: The Art of a Meaningful Life. In this episode, we discuss his journey as a value investor, how investors can practice thoughtful arrogance to make sound investing decision, the idea of being a student of life, stoicism, what having soul in the game really means, and much more.
To know more about this initiative, check out:
www.vishalkhandelwal.com/
www.safalniveshak.com/
To know more about my book - The Sketchbook of Wisdom - which Morgan Housel calls "a masterpiece," please visit - book.safalniveshak.com/
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1:08 Introduction
2:21 What being a ‘student of life’ means
4:26 Biggest lessons from life
5:38 Importance of being kind
8:13 Evolution as a value investor
12:38 Play games that you can win
15:14 If you love what you do, you won’t have to work a day in your life
18:24 Favourite mental models for decision making
23:25 Having an open mind solves most of our problems
30:02 Meditation --} Mindfulness --} Better decision making
34:44 Separating event from reaction with a reflection
37:38 Disconnect analysis from action in investing
39:27 Lessons from Stoicism
46:38 Meditations on the idea of death
56:16 Biggest lessons in being a parent + Lessons to his kids
1:02:19 Investing lessons from Ben Graham
1:06:52 Practicing 'thoughtful arrogance' in investing
1:10:45 Importance of focusing on the investing process
1:15:06 Change your environment to change your investment performance
1:21:45 Lessons from investing mistakes
1:27:03 Advice for young money managers and investors
1:27:34 Advice for the younger generation in being students of life
1:32:17 Favourite podcasts
1:33:48 Lessons from the Covid pandemic
1:37:45 Single best piece of advice ever received
1:39:41 Single worst piece of advice ever received
1:41:13 Investors who have influenced the most
1:42:09 Best books recommendation
1:44:06 Definition of a life well lived