Vitaliy Katsenelson
Vitaliy Katsenelson is the Chief Executive Officer and Chief Investment Officer of Investment Management Associates, a Denver-based value investing firm recognized for its disciplined, long-term approach to equity investing. With more than two decades of experience in global financial markets, Katsenelson has emerged as one of the most respected voices in modern value investing, earning the distinction from Forbes as “The New Benjamin Graham.” He reaches a global audience through his widely read newsletter and platform, The Intellectual Investor, where he shares insights on investing, behavioral finance, decision-making, and intentional living, often offering thoughtful and contrarian perspectives featured in leading financial publications. Katsenelson is the bestselling author of Active Value Investing and The Little Book of Sideways Markets, both considered essential reading for investors navigating complex or low-return market environments. Earlier in his career, he taught graduate-level finance at the University of Colorado Denver and has spoken to investor organizations across the United States and internationally.
Vitaliy Katsenelson Professional Experience / Academic History
Professional Experience
-
Chief Executive Officer and Chief Investment Officer
-
Lecturer on Practical Portfolio Management
Academic History
-
M.S., Finance
-
B.S., Finance
THE INTELLECTUAL INVESTOR
The Intellectual Investor is Vitaliy Katsenelson’s flagship newsletter and financial education platform, blending disciplined value investing with thoughtful reflections on decision-making and intentional living.
Through in-depth market commentary, valuation analysis, portfolio strategy, and macroeconomic insights, Katsenelson helps readers focus on intrinsic value, capital preservation, and long-term thinking rather than short-term market noise.
The publication also explores timeless principles such as patience, humility, emotional discipline, and personal fulfillment, making it a distinctive resource for investors who value process over prediction.
As a result, The Intellectual Investor has built a global following among professional money managers and individual investors seeking a principled, contrarian, and intellectually rigorous approach to investing and life.
MEDIA PRESENCE & THOUGHT LEADERSHIP
Katsenelson is a widely respected voice in global finance, with his work featured in leading publications including The Financial Times, Barron’s, Forbes, Institutional Investor, The Wall Street Journal, CNBC, MarketWatch, Foreign Policy, and The Globe and Mail.
He is a CFA charterholder, a member of the CFA Institute, and a former board member of the CFA Society of Colorado.
Katsenelson is also a sought-after speaker, regularly presenting at major investment and professional forums such as the Value Investor Congress, CFA Institute Wealth Conference, Agora Symposium, Casey Research Summit, and CFA Society events worldwide.