Vitaliy Katsenelson's blog
Exxon Apostasy
Submitted by Vitaliy Katsenelson on 06/17/2010 20:43 -0500A basic property of religion is that the believer takes a leap of faith: to believe without expecting proof. Often you find this characteristic of religion in other, more unexpected places–like the stock market.
It takes a while for a company to develop a “religious” following: Only a few high-quality, well-respected companies with long track records ever become worshipped by millions of investors. The stock has to make a lot of shareholders happy for a long period of time to form this psychological link.
Microsoft Debt Issuance Makes Zero Economic Sense
Submitted by Vitaliy Katsenelson on 06/09/2010 18:57 -0500China Roundtable with Robert Horrocks and Vitaliy Katsenelson
Submitted by Vitaliy Katsenelson on 05/13/2010 20:45 -0500See You in Omaha; More Random than Usual Thoughts
Submitted by Vitaliy Katsenelson on 04/25/2010 10:46 -0500It's time for the annual trip to Omaha.
China - The Mother of All Black Swans (updated)
Submitted by Vitaliy Katsenelson on 04/16/2010 16:19 -0500I presented my thesis on China and Japan at my alma mater University of Colorado at Denver at International Executive Roundtable yesterday. Here is updated version of my China presentation.
Vodafone; Russia; Randoms
Submitted by Vitaliy Katsenelson on 03/31/2010 12:59 -0500Thoughts on Vodafone and Russia
China: the coming costs of a superbubble
Submitted by Vitaliy Katsenelson on 03/25/2010 09:43 -0500China may seem to have defied the recession and the laws of economics. It hasn't. When China's bubble bursts, the global impact will be severe, spiking US interest rates.
Don’t call me Mr. Doom, call me Mr. Realist
Submitted by Vitaliy Katsenelson on 02/24/2010 09:29 -0500The End Of China’s Growth In Sight? or Speed 3
Submitted by Vitaliy Katsenelson on 02/20/2010 11:46 -0500I was interviewed by BusinessInsider about China, click here to watch. If you did not see it, this presentation covers a lot of points I discussed in this interview.
China - The Mother of All Black Swans
Submitted by Vitaliy Katsenelson on 02/12/2010 19:00 -0500My presentation that explains that says: THIS TIME IS NO DIFFERENT – THE OVER-INVESTMENT BUBBLE
Interview: China, Pfizer, Vodafone, Dow 10k; Travel (mis) Adventures and Lessons
Submitted by Vitaliy Katsenelson on 02/12/2010 00:28 -0500
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I did three segment interviews
with TechTicker on Yahoo Finance:
1 – The Case for Pfizer and
Vodafone
2 – China (My China
comments need slight clarification. The Chinese slowdown will
have a significant impact on the Chinese economy and commodity-centered
economies, e.g., Russia; but I don’t believe it will tank the
world economy.)
3 –
Used to Dow 10,000
Jamie Dimon's Thoughts on Chinese Banking System
Submitted by Vitaliy Katsenelson on 02/05/2010 16:59 -0500TheStreet.com has dug up a very interesting email that shows what goes behind closed doors when the heads of two of the largest US and Spanish banks get together and talk. Not all of it appears to be legal – there may be collusion and an agreement not to compete for acquisitions.
A Few thoughts on the Burlington acquisition
Submitted by Vitaliy Katsenelson on 01/31/2010 16:57 -0500I get a feeling that Buffett has been canonized into a value investor saint – investors and the media worship the ground he walks on and the air he breathes. The media are unable to get any critical quotes from his investors, and nobody wants to be caught disagreeing with the Oracle of Omaha – after all he’s been right more often than wrong – and so we only get positive puff pieces.
