It's hard to talk clearly about investing and make sense to ordinary readers at the same time. Katsenelson gives a lucid explanation of today's markets with sound advice about how to make money while avoiding the traps that the market sets for exuberant bulls and frightened bears alike.
Thomas G. Donlan, Barron's
A thoroughly enjoyable read. Provides a clear framework for equity investing in today's sideways' and volatile markets useful to everyone. Clear thinking and clear writing are not often paired - well done!
Dick Weil, CEO, Janus Capital Group
The bible for how to invest in the most tumultuous financial market environment since the Great Depression. A true guidebook for how to build wealth prudently.
David Rosenberg, Chief Economist & Strategist, Gluskin Sheff + Associates Inc.
A wonderful, grounded read for new and seasoned investors alike, Katsenelson explains in plain English why volatility and sideways 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 often entertaining way in which it is delivered. . . Katsenelson takes his reader step by step into the mind of the value investor by relating, in a fictional addendum to Fiddler on the Roof, the story of Tevye's purchase of Golde, the cow. He also describes his own big-time gambling evening (he was willing to lose a maximum of $40) and that of a half-drunken, rowdy fellow blackjack player to stress the importance of process. He then moves on to the fundamental principles of l£_