Uninvestable Tesla | Vitaliy Katsenelson Contrarian Edge

Tesla is an uninvestable stock for me, not just because of its high valuation but also because it fails our fairly basic quality test, which I shamelessly borrowed from Warren Buffett: Would I still buy this stock if right after the purchase the stock market were to close for ten years? If you are a big Tesla Read more about Uninvestable Tesla | Vitaliy Katsenelson Contrarian Edge[…]

These clues tell you if a company is making a dumb acquisition

As a shareholder, you do well to place more emphasis on risk than on reward. Corporate management usually does the opposite, and this is why most large acquisitions fail. In fact, I assume from the start that an acquisition will fail — or at least will turn out not nearly as profitable as the picture Read more about These clues tell you if a company is making a dumb acquisition[…]

The double trap for Tesla investors predicting the future

The iPhone was an enormous gamble, as its pushed the limits of then-available technology – the microprocessor, screen, battery, and wireless capability were beyond what seemed possible in 2007. Undoubtably, if Apple hadn’t created the iPhone, someone else would have created a similar device later. But when? There is no way to know, but the Read more about The double trap for Tesla investors predicting the future[…]

Bitcoin – Millennials Fake Gold

I’ve been asked about Bitcoin a lot lately. I’ haven’t written anything about it because I find myself in an uncomfortable place in agreeing with the mainstream media: It’s a bubble. Bitcoin started out as what I’d call “millennial gold” – the young (digital) generation looked at it as their gold substitute. Bitcoin is really Read more about Bitcoin – Millennials Fake Gold[…]

Creative Process | Vitaliy Katsenelson Contrarian Edge

I am back from CA and from my sabbatical. About the sabbatical. Two thirds of the new book is complete, and this two thirds came from my downloading thoughts that already resided in my subconscious mind. However, the last third of the book explores a topic that is new to me. I’ve been reading a lot Read more about Creative Process | Vitaliy Katsenelson Contrarian Edge[…]

Life – 2017 Edition | Vitaliy Katsenelson Contrarian Edge

This article will be quite different from my previous ones. I am not going to talk about the stock market, particular stocks, the economy, or the new president. Instead I’ll talk about life. If the following is of no interest to you, no worries, skip this one. I promise you I’ll discuss the regular stuff in Read more about Life – 2017 Edition | Vitaliy Katsenelson Contrarian Edge[…]

Perspective | Vitaliy Katsenelson Contrarian Edge

My father is deeply plugged into the Russian-Jewish email superhighway. He probably receives a hundred emails a day from his friends, who share what their friends shared with them. Emails range from articles on politics and culture to YouTube videos to scary fake news like “Don’t update your current version of Skype – Microsoft will Read more about Perspective | Vitaliy Katsenelson Contrarian Edge[…]

Here’s how your investments can survive a world of trouble

Writing about the future of investing in the current global economic climate is an easy way to get depressed. After all, Europe seems on the verge of disintegration; China risks a hard crash-landing; Japan’s debt-bubble could burst at any moment, and emerging economies are too closely linked to China’s fate. Meanwhile in the U.S., GDP Read more about Here’s how your investments can survive a world of trouble[…]