How to Build Wealth the Stoic Way w/ Vitaliy Katsenelson (TIP617)
We Study Billionaires We Study Billionaires
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 Published On Mar 23, 2024

Kyle Grieve chats with Vitaliy Katsenelson about aligning ourselves with what we love doing, utilizing stoic tools to deal with negative emotions, engineering our environments to improve decision-making, effective communication methods, pursuing truth over being right, and market development over the last decade.

Vitaliy Katsenelson is the CEO and CIO of IMA. He’s authored three books: Soul In The Game, The Little Book of Sideways Markets, and Active Value Investing. His writing has also been published in the Financial Times, Barron's, Bloomberg BusinessWeek, Forbes, Business Insider, CNBC, and other publications. He has also been featured as a guest on CNBC, Fox Business, BNN, and Yahoo! Finance.

IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:00:40 - What soul in the game is, and why it's so important to understand it if you want to truly excel at investing and other passions
00:07:09 - Why meditation is such a powerful tool to help improve stress
00:13:33 - How Vitaliy prioritizes areas of his life to ensure he's spending the right amount of time on high-priority areas
00:20:29 - How stoicism has helped Vitaliy remove the volatility of negative emotion in the market and life
00:21:35 - How investors can utilize the dichotomy of control to navigate volatile markets better
00:33:38 - Simple negative visualizations to use on individual stocks and your portfolio to improve decision-making
00:41:58 - Why toxic environments can influence us to live by other people's values
00:50:53 - Why specific tasks should be delegated so you are focused only on creating value
00:56:09 - Why our modes of communication can limit or expedite our abilities to improve and learn
00:58:37 - The importance of discovering the truth for successful investing

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▶️ RELATED EPISODES:
- Soul in the Game w/ Vitaliy Katsenelson:    • Soul in the Game w/ Vitaliy Katsenels...  
- Discovering Value Investments w/ Vitaliy Katsenelson:    • Discovering Value Investments w/ Vita...  
- Value Investing And Market Cycles w/ Vitaliy Katsenelson:    • TIP287: Value Investing And Market Cy...  

🎧 Listen to our episodes here: https://link.chtbl.com/TIP-WSB

🖊️ Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/e...

📖  BOOKS MENTIONED:
- Soul in the Game by Vitaliy Katsenelson: https://amzn.to/3PyfZVB
- The Little Book of Sideways Markets by Vitaliy Katsenelson: https://amzn.to/4alnNlv
- Active Value Investing by Vitaliy Katsenelson: https://amzn.to/3PpnpKY

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀

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On We Study Billionaires, we interview and study famous financial billionaires including Warren Buffett, Bill Gates, and Ray Dalio. We teach you what we learn and how you can apply their investment strategies in the stock market.

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