Active Value Investing
Vitaliy Katsenelson, CFA, is the author of Active Value Investing.
This presentation/speech explains why we are likely suffering through a range-bound market. I updated the data; found a better way to explain old and new topics; changed my mind on some things; and answered questions that have been raised by readers.
I have to warn you this PDF is 20 pages long. However, a lot of space is consumed by charts and tables thus don’t let the size scare you.






August 15th, 2009 at 8:41 pm
Outstanding presentation! Dude, I must read this guy’s book…
August 16th, 2009 at 3:20 pm
I bought it, being a value investor…not bad, but hardly the best. Maybe check out the public library to see if they’ve got it.
August 17th, 2009 at 4:50 am
Resonates a lot of what is going on now..and probably explains why the “herd” mentality is running the marketing and not fundamentals. Every weeks we are seeing earnings reportings deteroiating but share price going up because of “lesser” bad news.