Preview Mode Links will not work in preview mode

Listen to articles here or read at / To learn more about Vitaliy's investment services, visit

Jul 6, 2023

Over the last two decades, I have given talks on investing, mainly focused on my books, to CFA Societies around the world, from South Africa to New Zealand to Sofia, Bulgaria, and India in January of this year (you can watch that talk here). As a CFA, I love talking to fellow CFAs; we all share a common memory of the pain of three torturous years of preparing for and taking the CFA exam.

A few weeks ago I was asked to speak to the CFA Association of Russia about my most recent book.

Here is my reply:

A year and a half ago, I would have eagerly taken the opportunity to speak to your members, especially since my book Soul in the Game has been translated into Russian. However, today, my heart is breaking as I witness what is happening in Ukraine.

To give a presentation to your members without addressing the atrocities occurring there would be similar to giving a presentation in Berlin in 1942 and not mentioning the millions of people being killed by the Nazis in the Soviet Union.

Unless I can also discuss the horrors of the war, which I am sure you would not want me to do, I cannot bring myself to speak to your members.

📩 Sign up for my free weekly email newsletter

🎙 Check out my weekly podcast, The Intellectual Investor.


Soul in the Game -

The Little Book of Sideways Markets -

Active Value Investing -


🌍 My website/blog -

🔗 Business Website -

🐦 Twitter -

📸 Instagram -

WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, 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 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. 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. Soul in the Game is his third book and first non-investing book.

Please read the following important disclosure: