Vitaliy Katsenelson: The Markets are Inefficient because People are Efficient ($CSCO)

Vitiliy Katsenelson, author of The Little Book of Sideways Markets which I reviewed here, wrote a piece of Institutional Investor in which he discusses Cisco Systems (NASDAQ: CSCO). As usual for Katsenelson, he cuts right to the heart of the matter while providing unique insight. I consider his writing to contain among the most value-added content of any financial writer today, and I would recommend adding his blog to your RSS reader.

[O]ne of the core reasons markets . . .

→ Read More: Vitaliy Katsenelson: The Markets are Inefficient because People are Efficient ($CSCO)

Katsenelson on Seemingly Cheap Equity Valuations

Vitaliy Katsenelson is the author of The Little Book of Sideways Markets and Active Value Investing. Last month, he wrote an article in Institutional Investor that discusses how equity valuations may not be as cheap as they appear if you look at normalized margins (Note, this is why I focus on normalized EPV on this site!). This is an important point for anyone completing their own valuations:

Unfortunately, the cheapness argument falls flat on its face once you realize that . . .

→ Read More: Katsenelson on Seemingly Cheap Equity Valuations

Reminder: Win The Little Book of Sideways Markets!

Little Book of Sideways MarketsThe Little Book of Sideways Markets

How to Make Money in Markets that Go Nowhere

By Vitaliy N. Katsenelson

I am planning to institute a regular feature on this site, whereby I will review one of the books . . .

→ Read More: Reminder: Win The Little Book of Sideways Markets!

The Little Book of Sideways Markets – Win the Book!

Little Book of Sideways MarketsThe Little Book of Sideways Markets

How to Make Money in Markets that Go Nowhere

By Vitaliy N. Katsenelson

I am planning to institute a regular feature on this site, whereby I will review one of the books . . .

→ Read More: The Little Book of Sideways Markets – Win the Book!

The Little Book of Sideways Markets – Part 3: Connecting the Dots

Little Book of Sideways MarketsThe Little Book of Sideways Markets

How to Make Money in Markets that Go Nowhere

By Vitaliy N. Katsenelson

I am planning to institute a regular feature on this site, whereby I will review one of the books . . .

→ Read More: The Little Book of Sideways Markets – Part 3: Connecting the Dots