"It's hard to talk clearly about investing and make sense toordinary readers at the same time. Katsenelson gives a lucidexplanation of today's markets with sound advice about how to makemoney while avoiding the traps that the market sets for exuberantbulls and frightened bears alike."
— Thomas G. Donlan, Barron's
"A thoroughly enjoyable read. Provides a clear framework forequity investing in today's ‘sideways' and volatile marketsuseful to everyone. Clear thinking and clear writing are not oftenpaired - well done!"
— Dick Weil, CEO, Janus Capital Group
"The bible for how to invest in the most tumultuous financialmarket environment since the Great Depression. A true guidebook forhow to build wealth prudently."
— David Rosenberg, Chief Economist & Strategist,Gluskin Sheff + Associates Inc.
"A wonderful, grounded read for new and seasoned investorsalike, Katsenelson explains in plain English why volatility andsideways markets are a stock picker's best friend."
— The Motley Fool, www.Fool.com
Praise for Active Value Investing
"This book reads like a conversation with Vitaliy: deep,insightful, inquisitive, and civilized."
— Nassim Nicholas Taleb, author of The Black Swan
"Thoroughly enjoyable . . for the thoughtful and oftenentertaining way in which it is delivered. . . Katsenelson takeshis reader step by step into the mind of the value investor byrelating, in a fictional addendum to Fiddler on the Roof, the storyof Tevye's purchase of Golde, the cow. He also describes his ownbig-time gambling evening (he was willing to lose a maximum of $40)and that of a half-drunken, rowdy fellow blackjack player to stressthe importance of process. He then moves on to the fundamentalprinciples of active value investing. What differentiates this bookfrom so many others on value investing is that it describes,sometimes through the use of case studies, the thinking of a valueinvestor. Not just his models or his metrics but his assessments.Katsenelson is an empiricist who weighs facts, looks forcontraindications, and makes decisions. He makes value investingcome alive. This may be a little book, but it's packed withinsights for both novices and experienced investors. And it is adelight to read."
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