From moving to the U.S. from Murmansk, Russia to value investing to not eating desserts, there’s much to learn about life from a true Renaissance man. Vitaliy Katsenelson, the CEO of Investment Management Associates, shares about his new book Soul in the Game and the way he approaches life.
- 0:00~1:04 Introduction
- 1:04~6:52 Moving to the US from Murmansk
- 6:52~9:27 Source of interest in investing
- 9:27~14:06 What is value investing?
- 14:06~21:04 Getting investments right and wrong
- 21:04~28:49 Connection to classical music
- 28:49~37:20 Coming up with Soul in the Game
- 37:20~42:56 On not eating desserts
- 42:56~47:36 Importance of time
- 47:36~53:09 “Last time” visualization
- 53:09~55:02 Three mantras
- 55:02~59:30 How to approach investing
- 59:30~1:00:35 Conclusion
- “The stock market is a very incredibly well-oiled humbling machine. It humbles you very quickly. When you approach something with pure arrogance, it will humble you very quickly.”
Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.
Ren has been working part-time at NGPF since 2014, interning through high school and college. With his knowledge growing alongside NGPF, after graduating from college in 2020, he joined the team to work full-time. He is also the producer of the NGPF podcast. During his free time, he likes to try out coffees from different roasters across the world.