IFB164: Politics in 2020, Uber, and Tesla with Vitaliy Katsenelson

Announcer (00:02):



I love this podcast because it crushes your dreams and getting rich quick. They actually got me into reading stats for anything you’re tuned in to the Investing for Beginners podcast led by Andrew Sather and Dave Ahern. Step by step premium investing guidance for beginners, your path to financial freedom starts now.



Dave (00:25):



All right, folks, welcome to Investing for Beginners podcast episode 164. Tonight, we have a special guest. We have Vitaliy Katsenelson with us. He is the founder and blog writer of one of my favorite blogs, the Contrarian Edge, and he writes some fantastic stuff. He’s also an investor, a very smart investor, and we’re going to go and chat with him. We had him on a while back, and he’s graced us with his presence again. So we really appreciate you taking the time to talk to us again. So thank you, Vitaliy, and welcome back to the show.



Vitaliy (00:56):



Well guys, thank you so much, Andrea and Dave, congratulations on 163 podcasts. That’s a lot of podcasts.



Andrew (01:02):



So thanks for getting up there in age now. Yeah, hopefully, a tiny bit wiser.



Andrew (01:12):



So Vitaly, last time we had you on the show, you know, since then we’ve had the coronavirus and a lot of change through that recently we’ve had a devaluation of the dollar very recently, actually in the past month or so I guess a lot of things to talk about. What, what, how have you been dealing with the past? Let’s say six months compared to where we were about a year ago when we talked to.



Dave (01:43):



You know for a very, very long time, I was not a big believer in the kind of owning gold and the, for like the very lot of good reasons for that, because it’s kind of unproductive asset that sits there in the volt or us safe and shines and doesn’t do anything. But like, as, as, as a look, as the United States, I can see how the United States has been busy given this privilege of having a reserve currency. And we earned that privilege because we are countries surrounded by two oceans. You know, they have a kind of a very polite neighbor in the North and kind of a fun neighbor in the South.



Vitaliy (02:30):



And you know, it’s an alone yet. It’s the largest democracy, at least by GDP in the world become a very solid economy.