Vitaliy Katsenelson – Be Willing to Endure Short Term Pain for Long Term Gain

BIO: Vitaliy has written two books on investing and is an award-winning writer. Known for his uncommon common sense, Forbes Magazine called him “The New Benjamin Graham.” STORY: Vitaliy bought stocks in a company that had been named the worst company ever. He bought the stock at $16, it went to $10, and then up to $26. Vitaliy sold, and this is a decision that he regrets. Today, the stock is at $120. LEARNING: Be willing to endure short-term pain for long-term gain. Don’t stop researching. Use stop losses to exit bad investments.   “Don’t shrink your investment time horizon.”Vitaliy Katsenelson  Guest profilehttps://www.linkedin.com/in/katsenelson/ (Vitaliy Katsenelson) was born in Murmansk, USSR, and immigrated to the United States with his family in 1991. After joining Denver-based value investment firm IMA in 1997, Vitaliy became Chief Investment Officer in 2007 and CEO in 2012. Vitaliy has written https://amzn.to/3KA73v4 (two books on investing) and is an award-winning writer. Known for his uncommon common sense, Forbes Magazine called him “The New Benjamin Graham.” He’s written for publications including Financial Times, Barron’s, Institutional Investor and Foreign Policy. His articles are also published on his website, https://contrarianedge.com/ (ContrarianEdge), and in audio format on his https://investor.fm/ (Intellectual Investor Podcast). Vitaliy lives in Denver with his wife and three kids, where he loves to read, listen to classical music, play chess, and write about life, investing, and music. https://amzn.to/3THwAa6 (Soul in the Game) is his third book and first noninvesting book. Worst investment everTen years ago, Vitaliy invested in Electronic Arts (EA), a gaming company. At the time, the company had been named by Consumerist magazine as the worst company ever. The company spent 500 million dollars on a Star Wars game that flopped. When Vitaliy was buying the stock, a couple of things were happening. People were transitioning from purchasing games at the store to downloading ga