Active Value Investing: Making Money in Range-Bound Markets

Active Value Investing: Making Money in Range-Bound Markets

Vitaliy N. Katsenelson / Jan 26, 2020

Active Value Investing Making Money in Range Bound Markets A strategy to profit when markets are range bound which is half of the time One of the most significant challenges facing today s active investor is how to make money during the times when markets are

  • Title: Active Value Investing: Making Money in Range-Bound Markets
  • Author: Vitaliy N. Katsenelson
  • ISBN: 9780470053157
  • Page: 257
  • Format: Hardcover
  • A strategy to profit when markets are range bound which is half of the time One of the most significant challenges facing today s active investor is how to make money during the times when markets are going nowhere Bookshelves are groaning under the weight of titles written on investment strategy in bull markets, but there is little guidance on how to invest in range bounA strategy to profit when markets are range bound which is half of the time One of the most significant challenges facing today s active investor is how to make money during the times when markets are going nowhere Bookshelves are groaning under the weight of titles written on investment strategy in bull markets, but there is little guidance on how to invest in range bound markets In this book, author and respected investment portfolio manager Vitaliy Katsenelson makes a convincing case for range bound market conditions and offers readers a practical strategy for proactive investing that improves profits This guide provides investors with the know how to modify the traditional, fundamentally driven strategies that they have become so accustomed to using in bull markets, so that they can work in range bound markets It offers new approaches to margin of safety and presents terrific insights into buy and sell disciplines, international investing, Quality, Valuation, and Growth framework, and much .Vitaliy Katsenelson, CFA Denver, CO has been involved with the investment industry since 1994 He is a portfolio manager with Investment Management Associates where he co manages institutional and personal assets utilizing fundamental analysis Katsenelson is a member of the CFA Institute, has served on the board of CFA Society of Colorado, and is also on the board of Retirement Investment Institute Vitaliy is an adjunct faculty member at the University of Colorado at Denver Graduate School of Business He is also a regular contributor to the Financial Times, The Motley Fool, and Minyanville.

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      257 Vitaliy N. Katsenelson
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      Published :2019-03-16T20:43:38+00:00

    About "Vitaliy N. Katsenelson"

      • Vitaliy N. Katsenelson

        Vitaliy N. Katsenelson Is a well-known author, some of his books are a fascination for readers like in the Active Value Investing: Making Money in Range-Bound Markets book, this is one of the most wanted Vitaliy N. Katsenelson author readers around the world.


    429 Comments

    1. This is a good "How to do it" book following up on the Secular Stock Market Cycles thesis, the idea brought up inthat I reviewed before. Since we are currently in a ranged bounded market that is categorized as long run rising EPS but contracting PE ratio, the author argued that utilizing a disciplined buy and sell mechanism could take the best advantage of this market while buy and hold will lead to minimal return (after more than a decade and rising EPS, S&P 500 is still 7% below its 2010 l [...]


    2. Basic, common illustration with foundation in value investing explained. Easy for beginner to read. For intermediate investor, it might worth some time to recapture some basic foundation and valuation view point. The concept is to find a company with quality, growth, and valuation, just like other value investing books. However, Katsenelson not only recommended buy undervalued stocks, but also sell it when the stock is overvalued. The idea behind this is that stock price always fluctuated within [...]


    3. While I agree with Ben on many of his points, I really do think this time period is analagous to the time period of 1967-1982, when the Dow stayed at 1000 points for almost 15 years. Granted if the future resembled the past, we'd be able to predict it.I like this book because it seems there are so many books, articles and pundits who are overly optimistic, when in fact, there are many things to worry about. I admire Mr. Katsnelson's views, because he is holding contrarian opinions, which is very [...]


    4. katsenelson correctly argues that we are in a long period of declining price multiples in markets. Since the end of the previous bull market in 2001, we have been in a secular bear market. While Katsenelson thought this might express as a sideways, range-bound market, the result is the same. We have seen market multiples collapse and Katsenelson's insightful views have been useful in navigating the bear market of 2008.


    5. Read it over the weekend. I expected a lot from the book but found it too basic and common sense. Others might find it useful though. twice.




    6. not much in therebottom line, investing in cos with high RoICs, understand why the RoIC is high and is that sustainableotherwise uses the same model i use of QVCGnothing new


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