The Value Investing Podcast with Fexingo: Buffett, Graham, and Long-Term Stock Picking

In Episode 60 of The Value Investing Podcast, Lucas and Luna drill into a specific contrarian strategy: buying stocks trading near their 52-week lows. With the Russell 2000 down 0.9% over the past five days and the Dow at 51,565, they examine how value investors can identify temporary setbacks versus permanent impairment. The hosts walk through a real-world example using Pfizer (PFE), currently at $25.21, to illustrate the classic Graham framework — look for strong balance sheets, stable earnings, and a catalyst. They also discuss the recent hawkish signals from Fed Chairman Warsh and how rising rate expectations compress valuations for high-multiple stocks while creating opportunities in beaten-down sectors. Lucas and Luna debate the psychological challenge of buying when sentiment is worst, and share a simple checklist for screening 52-week lows without falling into value traps. #ValueInvesting #Finance #Business #StockMarket #52WeekLow #ContrarianInvesting #BenjaminGraham #WarrenBuffett #Pfizer #BigPharma #Russell2000 #FedPolicy #HawkishFed #MarketPsychology #ValueTrap #EarningsQuality #InvestingStrategy #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo

In Episode 59 of The Value Investing Podcast, Lucas and Luna break down the Piotroski F-Score — a nine-point checklist designed by accounting professor Joseph Piotroski to separate strong value stocks from value traps. Using current market data, they walk through each criterion: profitability, leverage, liquidity, and operating efficiency. Lucas explains how the F-Score flagged Bank of America as a buy in 2025 and why it's still showing strength in June 2026. They also test the score against a struggling stock like Pfizer, showing where it falls short. Luna brings up a 2022 study showing F-Score portfolios outperformed the S&P 500 by 3 percent annually. The conversation closes with practical tips for running the screen today using free tools. If you are a value investor looking for a simple, repeatable system to avoid bad bets, this episode gives you a framework you can use this week. #PiotroskiFScore #ValueInvesting #StockScreening #JosephPiotroski #BankOfAmerica #BAC #Pfizer #PFE #ValueTrap #FundamentalAnalysis #Accounting #FScore #StockPicking #InvestingStrategy #Finance #FexingoBusiness #BusinessPodcast #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo

In Episode 58, Lucas and Luna discuss how value investors should navigate the current interest rate environment following the Fed's June 2026 decision to hold rates steady at 3.63%. They explore why JPMorgan shares have surged 6.4% in five days while ExxonMobil has dropped 4%, and what these divergent moves tell us about sector positioning in a higher-for-longer rate world. The hosts explain the concept of earnings yield versus bond yield, and why a 3.65% interest on reserve balances changes the math for cash-heavy value portfolios. They also touch on how the Fed's new tone under Chairman Warsh affects the discount rate used in intrinsic value calculations. A practical episode for any value investor wondering where to look for bargains when the risk-free rate isn't so risk-free anymore. #ValueInvesting #InterestRates #Fed #JPMorgan #ExxonMobil #EarningsYield #DiscountRate #WarrenBuffett #BenjaminGraham #FinancialStocks #EnergyStocks #CashFlow #BondYields #HigherForLonger #PortfolioStrategy #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna dive into the cash conversion cycle — a powerful but often overlooked metric for uncovering operational efficiency and hidden value. Using recent data from JPMorgan and Bank of America, they show how a shorter cycle can signal competitive advantage and free cash flow generation. They also discuss how the CCC applies to industrials and retailers, and why it matters in a rising-rate environment. Tune in to learn how to calculate it, what to look for, and how to avoid common pitfalls. #CashConversionCycle #ValueInvesting #OperatingEfficiency #WorkingCapital #JPMorgan #BankOfAmerica #FreeCashFlow #InventoryManagement #AccountsReceivable #AccountsPayable #FinancialMetrics #IntrinsicValue #Buffett #Graham #FexingoBusiness #BusinessPodcast #FinancePodcast #InvestingStrategy Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna explore a classic value strategy that is especially compelling in mid-2026: buying closed-end funds trading at steep discounts to net asset value. With the S&P 500 near all-time highs at 7,511 and the Dow above 52,000, finding true bargains is tough. But closed-end funds offer a rare pocket of value, with some funds trading at 10-15% discounts. Lucas breaks down why discounts exist—investor sentiment, distribution policies, and structural inefficiencies—and explains how to evaluate a CEF using metrics like discount history and expense ratios. Luna asks the practical questions: how to find them, what to watch out for, and whether now is the right time to buy. They discuss real examples like the Pimco Corporate & Income Opportunity Fund and the Gabelli Equity Trust. The episode is grounded in current data: value ETFs like IWD and VTV are up 3-4% in the past week, but many CEFs have lagged. Listeners will learn one concrete strategy to add to their toolkit and a specific ticker to research first. No hype, just a disciplined approach to buying dollars for ninety cents. #ClosedEndFunds #CEF #ValueInvesting #NetAssetValue #DiscountToNAV #Pimco #Gabelli #IWD #VTV #S&P500 #IncomeInvesting #BargainHunting #LucasAndLuna #FexingoBusiness #BusinessPodcast #InvestingPodcast #Finance #PortfolioStrategy Keep every episode free: buymeacoffee.com/fexingo

In this episode, Lucas and Luna explore the concept of insurance float as a competitive advantage for value investors. Using Berkshire Hathaway's recent performance and the current interest rate environment (Fed funds at 3.63%) as context, they explain how float works, why it matters for long-term stock picking, and how investors can evaluate companies that benefit from it. They discuss key metrics like combined ratio and float cost, and highlight why companies like Progressive and Chubb offer exposure to this strategy. The conversation also touches on how rising rates have made float more valuable, and what Warren Buffett's approach teaches us about patience and deploying cheap capital. No hot takes—just a clear, actionable framework for understanding one of the most powerful but overlooked tools in value investing. #InsuranceFloat #ValueInvesting #BerkshireHathaway #WarrenBuffett #CombinedRatio #FloatCost #Progressive #Chubb #InterestRates #FedFunds #UnderwritingProfit #CapitalAllocation #LongTermInvesting #Finance #Investing #FexingoBusiness #BusinessPodcast #StockPicking Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast, Lucas and Luna explore how value investors can uncover hidden asset plays in today's market, using the recent SpaceX IPO as a case study. They discuss the structural underpricing of spin-offs, tracking stocks, and complex corporate structures, drawing on examples like the 2021 Coinbase direct listing and the 2015 GoDaddy IPO. With the Russell 2000 up 2.7% in the last five days and the S&P 500 at 7,554, they argue that small-cap and special-situation stocks offer rich opportunities for patient investors. The conversation also touches on how to evaluate stub value and sum-of-the-parts discounts using the Graham-and-Dodd framework. #ValueInvesting #HiddenAssetPlays #SpaceXIPO #SpinOffs #TrackingStocks #BenjaminGraham #WarrenBuffett #SumOfTheParts #SmallCap #Russell2000 #SpecialSituations #StubValue #DirectListing #Coinbase #GoDaddy #IWD #BusinessPodcast #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo

This episode drills into a specific spin-off mechanics question that trips up many value investors: when a parent company distributes shares of a newly separated entity to existing shareholders, what happens to your cost basis and what is the smart move? Lucas walks through the numbers on a real recent spin-off — the kind of event that creates huge mispricing opportunities if you know how to handle the shares. Luna pushes back on whether retail investors should hold or sell immediately. They also touch on the broader market context: with the S&P 500 at 7,554 and small caps rallying 3.4 percent in a week, the environment for finding undervalued spin-offs is getting more interesting. The hosts also share a quick honest note about how listener support keeps this show ad-free. #ValueInvesting #SpinOffs #ShareDistribution #CostBasis #Mispricing #StockPicking #WarrenBuffett #BenjaminGraham #SmallCaps #MarketRally #June2026 #Finance #Business #FexingoBusiness #BusinessPodcast #InvestingStrategy #CorporateDivestitures #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast, Lucas and Luna explore how the classic Graham Number works as a quick valuation screen in today's market. With the S&P 500 at 7,431 and the Russell 2000 up over 3% in the past week, they test the formula on a real stock — Bank of America, trading around $56 — and discuss why a 50-year-old metric still helps investors avoid overpaying. They walk through the calculation: earnings per share times book value per share, square root, times 22.5. They also look at when the Graham Number falls short, especially for intangible-heavy businesses. If you've ever wondered whether Benjamin Graham's toolkit still applies in a market dominated by software and AI, this episode gives you a concrete, numbers-driven answer. #ValueInvesting #BenjaminGraham #GrahamNumber #IntelligentInvestor #BankOfAmerica #BAC #StockValuation #EarningsPerShare #BookValue #S&P500 #Russell2000 #ValueScreen #DeepValue #EquityAnalysis #Finance #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In Episode 51 of The Value Investing Podcast with Fexingo, Lucas and Luna dive into the classic net-net working capital strategy and ask whether it still works in 2026. With small-cap value stocks surging—the Russell 2000 is up over 3% in the last five days alone—they explore how rigorous balance-sheet analysis can uncover hidden bargains. Lucas walks through a hypothetical net-net calculation using a real-world small industrial company, while Luna questions whether the strategy's heyday has passed in an era of intangible assets. They reference current data: the IWD (iShares Russell 1000 Value ETF) at $242.13, up 2% in five days, and the Russell 2000 hitting 2,944. The conversation also touches on the recent spin-off trend and how net-net principles apply to corporate divestitures. A must-listen for deep-value disciples and anyone curious about Benjamin Graham's original teachings in today's market. #NetNetStrategy #ValueInvesting #BenjaminGraham #DeepValue #SmallCapValue #Russell2000 #IWD #SpinOffs #WorkingCapital #BalanceSheet #IntangibleAssets #StockPicking #Finance #Investing #FexingoBusiness #BusinessPodcast #LongTermInvesting #Contrarian Keep every episode free: buymeacoffee.com/fexingo

In this milestone 50th episode of The Value Investing Podcast, Lucas and Luna tackle a subtle but dangerous blind spot for value investors: intangible assets. Most Graham-style screens treat R&D, software, and brand as worthless on the balance sheet — but in 2026, companies that generate real returns on those intangibles are systematically undervalued by traditional metrics. Using the current market data — with the S&P 500 at 7,431 and value stocks like Bank of America up 4.5% in five days — the hosts drill into one specific case: how pharmaceutical giant Pfizer, trading at just $26.21, may be an example of intangible value hidden in plain sight. They break down why return on tangible assets is increasingly misleading, how to adjust book value for intangibles, and why Charlie Munger's latticework of mental models applies here better than ever. No fluff, no hot takes — just a concrete framework for updating a century-old discipline. #IntangibleAssets #ValueInvesting #Pfizer #BenjaminGraham #ROIC #Accounting #PharmaStocks #CharlieMunger #Latticework #BookValue #R&D #BrandEquity #Finance #Investing #StockMarket #FexingoBusiness #BusinessPodcast #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo

In Episode 49 of The Value Investing Podcast with Fexingo, Lucas and Luna dive into the mechanics of corporate spin-offs and why they remain a fertile hunting ground for value investors in mid-2026. They walk through the recent separation of industrial conglomerate Fortive into two independent companies—a move that unlocked significant hidden value. Lucas explains the historical returns of spin-off stocks, citing a study that shows they outperform the market by an average of 10 percentage points in the first two years. Luna highlights the crucial role of institutional selling pressure, which creates temporary mispricings. They also tie in current market data: the Russell 2000 index has rallied 3.1 percent in the past five days, suggesting renewed interest in smaller, focused companies—an environment that historically benefits post-spin-off stocks. The conversation is grounded in specific numbers and real-world examples, giving listeners a concrete framework for evaluating spin-off opportunities. This episode is part of the Fexingo Business podcast network. #ValueInvesting #SpinOffs #Fortive #CorporateRestructuring #SpinoffReturns #SmallCapValue #BenGraham #WarrenBuffett #IndexFunds #InstitutionalInvestors #Russell2000 #ActiveManagement #Finance #BusinessPodcast #FexingoBusiness #InvestingStrategy #StockPicking #Divestiture Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna break down why Bank of America is on their radar in mid-2026. With the Russell 2000 up over 3% in the last week and regional banks showing strength, BofA stands out. They analyze the bank's return on tangible equity, its sensitivity to a flat Fed funds rate, and how it compares to JPMorgan in the current environment. They also discuss the impact of the SpaceX IPO on market sentiment and why value investors should focus on tangible book value growth. Specific numbers cited include BAC's 4.5% weekly gain, the Russell 2000 at 2,944, and the Fed funds rate holding at 3.62%. A must-listen for long-term stock pickers. #ValueInvesting #BankOfAmerica #BAC #BankStocks #FedFundsRate #Russell2000 #SmallCaps #TangibleBookValue #ROTCE #JPMorgan #SpaceXIPO #MarketSentiment #InterestRates #StockPicking #June2026 #FexingoBusiness #BusinessPodcast #Finance Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore Charlie Munger's concept of a latticework of mental models and how Warren Buffett applies it to value investing. Using the recent SpaceX IPO as a case study — where Buffett passed on the deal — they discuss how mental models from psychology, biology, and physics help investors avoid cognitive biases and find better opportunities. Lucas shares a specific example: the availability heuristic and how it led investors to overpay for hot IPOs in 2021, while Buffett's latticework kept him disciplined. They also touch on Munger's inversion principle and how it can be used to analyze a company like Coca-Cola. The episode includes a brief listener support segment and closes with a reflection on continuous learning. #WarrenBuffett #CharlieMunger #MentalModels #Latticework #ValueInvesting #SpaceXIPO #BehavioralFinance #CognitiveBiases #AvailabilityHeuristic #Inversion #CocaCola #BerkshireHathaway #InvestmentPsychology #LongTermThinking #FexingoBusiness #BusinessPodcast #Finance #Investing Keep every episode free: buymeacoffee.com/fexingo

It's the biggest IPO in history: SpaceX set to list on the Nasdaq at a valuation north of $2 trillion. But for value investors, the stock is priced for perfection and the retail allocation is tiny. In this episode, Lucas and Luna break down what a value-oriented approach looks like for a high-growth, founder-controlled company like SpaceX. They discuss the concept of 'optionality premium,' compare it to Tesla's early days, and explain why disciplined investors might wait for the lockup expiration or look at supplier plays instead. Lucas walks through how to value a company with no direct peers, using a sum-of-the-parts analysis on Starlink, Starship, and Dragon. They also discuss what the Fed's flat rate environment means for discount rates and valuation. Tune in for a grounded, actionable take on the most hyped debut of the decade. #SpaceX #IPO #ValueInvesting #Nasdaq #ElonMusk #Starlink #Starship #GrowthStocks #Valuation #Optionality #FedRate #DiscountRate #SumOfTheParts #LockupExpiration #SupplierPlays #Business #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna discuss SpaceX's blockbuster IPO from a value-investing perspective. They explore how the company's capital-intensive space business, high debt load, and founder control structure interact with traditional Graham-and-Dodd valuation metrics. The hosts compare SpaceX to other capital-intensive value plays like oil majors and defense contractors, and question whether a $2 trillion market cap can be justified by discounted cash flow. They reference current market data, including the Russell 2000's recent outperformance and Berkshire Hathaway's flat price, to frame the broader opportunity set. #SpaceX #IPO #ValueInvesting #BenjaminGraham #SpaceIndustry #CapitalIntensity #FounderLed #ElonMusk #Valuation #DCF #BerkshireHathaway #BRKB #Russell2000 #SmallCaps #MarginOfSafety #Finance #Business #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dive into the specific value investing opportunity created by corporate divestitures in 2026. Using the recent KKR AI productivity warning as a backdrop, they examine how spin-offs, carve-outs, and asset sales create mispriced securities. Lucas explains the 'focus premium' thesis with concrete examples: how a conglomerate selling a non-core division can unlock double-digit returns for patient shareholders. They reference the current market environment—S&P 500 at 7,267, Dow near 50,000—and discuss how rising interest rates have made some divestiture deals more attractive. Luna challenges Lucas on execution risk, and they explore the role of activist investors. No abstract theory: a specific, actionable angle on a classic value strategy. #ValueInvesting #CorporateDivestitures #SpinOffs #KKR #AIBoom #PortfolioManagement #ConglomerateDiscount #FocusPremium #ActivistInvestors #Mispricing #AssetSales #MarketDislocation #Finance #Business #FexingoBusiness #BusinessPodcast #Investing #WealthManagement Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast, Lucas and Luna explore why corporate spin-offs can be a goldmine for value investors. They anchor the discussion on the recent spin-off of GE Vernova from General Electric, using it to illustrate the 'spin-off effect'—where newly independent companies often trade at a discount due to forced selling by index funds and institutional mandates. Lucas explains how this creates a temporary mispricing that patient investors can exploit, citing historical examples like the spin-off of PayPal from eBay and the breakup of Abbott Laboratories. They also touch on current market conditions, noting the S&P 500's 4.2% five-day decline as of June 10, 2026, which has made spin-offs even cheaper. Lucas provides a framework for evaluating spin-offs: look for strong underlying businesses with clean balance sheets and insider buying post-separation. The episode wraps with a discussion on how to identify upcoming spin-offs and the importance of patience in realizing value. #ValueInvesting #SpinOffs #Graham #Buffett #GEVernova #GeneralElectric #PayPal #eBay #AbbottLaboratories #Mispricing #ForcedSelling #IndexFunds #InstitutionalOwnership #InsiderBuying #S&P500 #MarketDecline #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 42 of The Value Investing Podcast with Fexingo. Lucas and Luna dig into a quiet corner of the market that most growth-focused EV investors overlook: the unloved suppliers and commodity producers that provide the raw materials and components for electric vehicles. They discuss how BYD's latest prediction that 80% of China car sales will soon be electric creates long-term demand visibility for copper, lithium, and other inputs — yet many of these stocks trade at single-digit earnings multiples. They dissect a specific case: a mid-tier copper miner with a strong balance sheet and a price-to-earnings ratio in the single digits, asking whether the market is pricing in a commodity crash that may not arrive. Lucas and Luna also explore how value investors can think about cyclical moats and when to buy into a secular trend without paying growth-stock multiples. A focused, actionable conversation for anyone looking to position for the EV transition without overpaying. #ValueInvesting #EVSupplyChain #Copper #Lithium #BYD #CommodityCycles #SecularTrends #LongTermValue #MoatAnalysis #CyclicalMoat #SingleDigitPE #RawMaterials #ElectricVehicles #ChinaEV #Investing2026 #FexingoBusiness #BusinessPodcast #Finance Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dive into the value case for Japan's five major trading houses — Mitsubishi, Mitsui, Sumitomo, Itochu, and Marubeni — which Berkshire Hathaway first invested in back in 2020. With the yen still weak against the dollar and the Tokyo Stock Exchange pushing companies to improve shareholder returns, these conglomerates trade at 8-10 times earnings while buying back shares aggressively. Lucas shares why he thinks this is the most overlooked value play of 2026, especially after Berkshire's recent increase in its stakes. The hosts also discuss how the trading houses' vast commodity exposure and global supply chain assets create a natural hedge against inflation. If you missed the first wave of Japan value investing, Lucas argues the second wave is just beginning. Plus, a listener question on how to value a conglomerate with dozens of unrelated businesses — and why sum-of-the-parts analysis still works for patient investors. #ValueInvesting #Japan #TradingHouses #BerkshireHathaway #Mitsubishi #Mitsui #Sumitomo #Itochu #Marubeni #SogoShosha #ShareholderReturns #Buybacks #Yen #Commodities #SumOfTheParts #Finance #BusinessPodcast #FexingoBusiness Keep every episode free: buymeacoffee.com/fexingo

Episode 40 of The Value Investing Podcast with Fexingo. Lucas and Luna dive into the case for integrated oil majors like ExxonMobil and Chevron as value plays in mid-2026. With the S&P 500 down 2.7% over the past week and tech-heavy Nasdaq off 4.3%, energy stocks have held relatively firm — XOM up 1.5%, CVX up 0.9%. Lucas argues that at current valuations, these companies are effectively free-cash-flow machines trading at single-digit earnings multiples, with disciplined capital allocation replacing the old boom-bust cycle. Luna pushes back on climate risk and peak-oil demand narratives. They examine the math: Exxon's price-to-earnings ratio around 10, Chevron's around 11, versus the S&P 500's 21. But is the 'return of capital' story enough to overcome structural headwinds? A focused conversation on dividends, buybacks, and what value investors should look for when buying energy in 2026. #ValueInvesting #BigOil #ExxonMobil #Chevron #CashFlow #Dividends #Buybacks #EnergyStocks #S&P500 #StockMarket2026 #Investing #Finance #Business #FexingoBusiness #BusinessPodcast #ValueInvestingPodcast #OilAndGas #CapitalAllocation Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna drill into a specific question: how do you identify an economic moat that isn't just brand loyalty or cost advantage? They anchor on a 2026 data point—Berkshire Hathaway's B shares up 3.3% in a week when the S&P 500 fell 2.7%—to discuss how moats based on switching costs and regulatory barriers hold up in a downturn. Lucas walks through three non-obvious moat types using real companies: a payments network with high switching costs, a utility with a regulatory moat, and a B2B software firm with high customer retention. Luna challenges whether these moats are durable in an AI-disrupted world. The episode closes with a practical framework: look for gross retention above 95% or regulatory barriers that can't be legislated away overnight. No fluff, just a concrete lens for your next 10-K read. #EconomicMoat #ValueInvesting #BerkshireHathaway #SwitchingCosts #RegulatoryMoat #B2BSoftware #Payments #Utilities #CustomerRetention #GrossRetention #10K #InvestingStrategy #StockPicking #Business #Finance #FexingoBusiness #BusinessPodcast #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore why corporate spin-offs can be a rich hunting ground for value investors, using the recent separation of a major industrial conglomerate as a case study. They discuss the structural inefficiencies that often depress spin-off valuations, the track record of spin-off outperformance, and how to identify the ones worth owning. With the S&P 500 down 2.8% in the past week and Berkshire Hathaway up 3.8%, the hosts debate whether spin-offs offer a better risk-reward than the broad market. They also touch on the flat Fed funds rate environment and what it means for spin-off financing. A must-listen for investors looking for overlooked value opportunities. #SpinOffs #ValueInvesting #CorporateRestructuring #BerkshireHathaway #BRK-B #S&P500 #FedFundsRate #Inefficiency #Conglomerate #GE #GeneralElectric #2026 #FexingoBusiness #BusinessPodcast #Finance #Investing #StockPicking #LongTerm Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore how value investors can generate income by selling covered calls and buying protective puts on high-quality stocks. Using the current flat rate environment and Berkshire Hathaway's recent moves as context, they explain the mechanics of option collars, the risks of capping upside, and why this strategy fits a market where the S&P 500 is down 2.8% over five days while value stocks like JPMorgan and Bank of America are up over 5%. They walk through a hypothetical collar on Chevron, discuss implied volatility levels, and caution against using options on low-moat stocks. The episode includes a listener support segment. #ValueInvesting #OptionsStrategy #CoveredCalls #ProtectivePuts #OptionCollars #IncomeInvesting #BerkshireHathaway #JPMorgan #Chevron #FlatRateEnvironment #StockMarketJune2026 #S&P500 #DividendStocks #RiskManagement #FexingoBusiness #BusinessPodcast #Finance #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna explore a specific value play emerging from the global semiconductor reshoring trend. With the CHIPS Act driving massive capital spending on new fabs in the U.S., Lucas argues that the real value opportunity isn't in the chipmakers themselves, but in the overlooked suppliers—industrial gas companies, wafer fabrication equipment makers, and specialty materials firms. He points to a concrete example: Air Products, an industrial gas supplier that has secured long-term contracts to supply nitrogen and specialty gases for three new fabs in Arizona and Ohio. Lucas explains why these suppliers offer more predictable earnings, higher returns on capital, and lower execution risk than the headline-grabbing chip manufacturers. Luna plays devil's advocate, questioning whether the reshoring wave is durable or just a temporary subsidy-driven spike. They discuss the recent jobs report and the Fed's flat rate policy, and how that environment supports long-duration value stocks. The episode also includes a brief, organic mention of the show's listener-supported model. Tune in for a focused, specific look at a value niche within the biggest industrial buildout since WWII. #SemiconductorReshoring #ValueInvesting #IndustrialGas #AirProducts #CHIPSAct #FabBuildout #WaferFabEquipment #SupplyChain #ReturnOnCapital #FedPolicy #FlatRate #LongDuration #IndustrialRevival #ArizonaFabs #OhioFabs #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In Episode 35 of The Value Investing Podcast, Lucas and Luna unpack the concept of economic moats in the current market environment. With the S&P 500 down nearly 3% in the past week and the NASDAQ off 5%, growth stocks are under pressure, and value is rotating back into favor. But not all value is created equal. The hosts examine why a wide-moat business like Berkshire Hathaway — up nearly 4% in five days — is outperforming, while narrow-moat companies in the Russell 2000 are lagging. They discuss how to identify durable competitive advantages using Morningstar's moat framework, and why moat investing has historically beaten the market over a 20-year horizon. The episode drills into specific examples like Coca-Cola's brand moat and KeyCorp's local banking moat, contrasting them with companies that trade at low multiples but lack defensibility. Lucas argues that in a flat rate environment, moat quality matters more than ever, and Luna challenges him on whether investors overpay for safety. The conversation closes with a reflection on how moats can protect against technological disruption — and a reminder that the best moat is often the one you don't have to monitor every quarter. #EconomicMoat #ValueInvesting #BerkshireHathaway #Morningstar #CocaCola #KeyCorp #Russell2000 #S&P500 #NASADOQ #CompetitiveAdvantage #LongTermInvesting #Patience #TechDisruption #FlatRateEnvironment #Finance #Investing #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore the value investing angle in the semiconductor manufacturing boom. With the CHIPS Act driving over $200 billion in construction spending and TSMC's Arizona fab now producing chips, Lucas argues that the real value opportunity is not in the headline AI names but in the unglamorous suppliers and infrastructure plays. He points to Applied Materials as a bellwether with a 15x forward earnings and 20% return on invested capital. Luna pushes back on the valuation and questions whether the cycle is peaking. They analyze the competitive moats of capital equipment makers versus foundries, and discuss how Greg Abel might approach this sector. The conversation is grounded in the current market backdrop: the S&P 500 down nearly 3% in a week, while value ETFs like VTV hold steady. A focused look at how patient capital can find margin of safety in the physical buildout of the digital economy. #ValueInvesting #Semiconductors #ChipsAct #AppliedMaterials #TSMC #CapitalEquipment #MarginOfSafety #IndustrialMoats #GregAbel #BerkshireHathaway #Infrastructure #SupplyChain #Technology #Finance #Investing #LongTerm #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode, Lucas and Luna explore why funeral homes and death care services represent a unique value investing opportunity in 2026. With the Federal Reserve holding rates flat and the S&P 500 down 2.8% over the past five days, defensive sectors are back in focus. Lucas breaks down the economics of companies like Service Corporation International (SCI) and Carriage Services, explaining how their predictable cash flows, high barriers to entry, and inflation-protected pricing make them classic Buffett-style moat stocks. They discuss the demographic tailwind from an aging US population, the fragmented industry structure that allows consolidators to buy small operators at low multiples, and how the flat rate environment makes these steady earners more attractive. The conversation also touches on the emotional barrier that keeps many investors away from this sector, and why that creates opportunity for disciplined value investors. #ValueInvesting #DeathCareStocks #FuneralHomes #ServiceCorporationInternational #CarriageServices #DefensiveStocks #Moats #Demographics #AgingPopulation #FlatRateEnvironment #CashFlow #IndustryConsolidation #SCIGlobal #LongTermInvesting #Finance #InvestingPodcast #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Berkshire Hathaway is adding to its Japanese trading house positions, and the timing says a lot about how Greg Abel thinks about value today. Lucas and Luna dig into the specific yen-denominated bonds Berkshire just issued, the five trading houses it owns, and why a flat rate environment makes the carry trade work so well for a company with Berkshire's cost of capital. They also connect the dots to the broader softbank and Korean value-up stories — and discuss what happens when the yen finally moves. Plus, a brief moment on how listener support keeps this show ad-free. #BerkshireHathaway #GregAbel #JapaneseTradingHouses #Mitsubishi #Mitsui #Itouchu #Marubeni #Sumitomo #ValueInvesting #CarryTrade #Yen #WarrenBuffett #Finance #FexingoBusiness #BusinessPodcast #LongTermInvesting #GlobalInvesting #CapitalAllocation Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore the value investing case for prediction markets, sparked by Kalshi building a 'Bloomberg Terminal' for high-end traders. They break down how platforms like Kalshi and Polymarket create arbitrage opportunities, why the SEC's regulatory shift matters, and how a value investor might approach this emerging asset class. With real data on the flat rate environment and market performance, they drill into the specific economics of prediction market liquidity and the Warren Buffett playbook for investing in infrastructure-like businesses. A concrete look at an unconventional value opportunity. #PredictionMarkets #Kalshi #Polymarket #ValueInvesting #BloombergTerminal #SEC #Arbitrage #AlternativeAssets #Buffett #Munger #FlatRate #Liquidity #Finance #Business #Investing #FexingoBusiness #BusinessPodcast #LongTermPicking Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna examine an overlooked corner of value investing: closed-end funds trading at deep discounts to net asset value. With the S&P 500 near record highs at 7,554 and the Russell 2000 off 1.5% over the past week, certain CEFs have widened to double-digit discounts. They walk through the mechanics—how discounts arise from investor sentiment, fee structures, and illiquid holdings—and highlight a real example from the municipal bond space, where a fund holding AAA-rated paper trades at a 14% discount. They discuss the risks: leverage, manager risk, and the possibility that discounts persist or widen. But for patient investors, buying a diversified portfolio of quality assets at 85 or 90 cents on the dollar offers a margin of safety that's rare in today's market. Lucas ties it back to Benjamin Graham's original concept of buying a dollar for fifty cents, updated for a flat rate world. The episode closes with a look at how closed-end funds can serve as a value hunter's tool when the broader market looks fully priced. #ClosedEndFunds #ValueInvesting #NAVDiscount #BenjaminGraham #MunicipalBonds #Leverage #MarginOfSafety #FlatRateEnvironment #S&P500 #Russell2000 #PassiveInvesting #ActiveManagement #FexingoBusiness #BusinessPodcast #Finance #Investing #LongTermPicking #BuffettStyle Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast, Lucas and Luna explore why a flat Fed Funds rate—currently 3.63%—creates surprising value in insurance float assets. They examine how companies like Berkshire Hathaway and Markel benefit from stable interest income on float, why the market is underpricing this cash flow stream, and how investors can play it. With the Fed holding rates steady into June 2026, the case for insurers with large, low-cost float becomes compelling. Lucas breaks down the math on float yield versus cost, and Luna challenges whether the environment is sustainable. A concrete look at a classic value play that's quietly compounding. #InsuranceFloat #ValueInvesting #FedFundsRate #BerkshireHathaway #Markel #FloatYield #InterestRateEnvironment #CashFlow #Insurance #Compounding #ValueStocks #Finance #Business #FexingoBusiness #BusinessPodcast #InvestingPodcast #LongTermInvesting #Buffett Keep every episode free: buymeacoffee.com/fexingo

In an era of flat interest rates and AI-driven energy demand, Lucas and Luna explore a counterintuitive corner of value investing: publicly traded Bitcoin miners. With Fed funds stuck at 3.63 percent and Berkshire's Greg Abel making waves with a nearly $17 billion deal spree, they unpack why miners like Riot Platforms and CleanSpark look like distressed energy arbitrage plays rather than speculative crypto bets. Lucas walks through the math: a miner's cost to produce one Bitcoin versus the spot price, the post-halving squeeze, and how cheap power contracts create a moat. Luna challenges the sustainability angle and asks whether the market is pricing in an AI pivot. Tying it to value principles, they compare the miners' book values and price-to-earnings ratios to traditional energy and industrials, using real 2026 data. A surprising episode for anyone who thinks value investing ignores crypto. #BitcoinMining #ValueInvesting #EnergyArbitrage #RiotPlatforms #CleanSpark #CryptoValue #FedRate #BerkshireHathaway #GregAbel #AIEnergyDemand #PostHalving #DistressedAssets #BookValue #PriceToEarnings #Finance #FexingoBusiness #BusinessPodcast #InvestingPodcast Keep every episode free: buymeacoffee.com/fexingo

Greg Abel has spent nearly $17 billion on acquisitions since taking over Berkshire's investment portfolio, moving into tech and away from the classic Buffett playbook. Lucas and Luna break down the home builder purchase, the new tech bets, and what it means for value investors. Is Abel channeling Buffett or forging his own path? They also discuss how Berkshire's cash pile is being deployed differently in a flat rate environment, and why the market is still pricing the stock like a slow-moving insurance company despite accelerating M&A activity. A must-listen for anyone tracking the evolution of value investing under new leadership. #GregAbel #BerkshireHathaway #ValueInvesting #Buffett #MergersAndAcquisitions #TechStocks #HomeBuilders #BerkshirePortfolio #MoatInvesting #CashDeployment #FlatRateEnvironment #InsuranceFloat #DealMaking #LongTermValue #Finance #StockMarket #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

As global markets hit new highs in May 2026, a quiet value opportunity is emerging in Indian public sector banks. With loan growth outpacing private peers, bad loan ratios at multi-year lows, and the government stepping back from equity dilutions, these state-owned lenders are trading at just 0.7 to 1.2 times book value. Lucas explains why investors like David Herro and hedge funds have started accumulating positions, while Luna questions the governance risks inherent in state ownership. They discuss the specific case of State Bank of India, which has returned over 20 percent annually for three years yet still trades below intrinsic value, and whether the 'value up' reforms India is pursuing could unlock further gains. A deep dive into an overlooked corner of emerging market value. #IndianPublicSectorBanks #StateBankOfIndia #ValueInvesting #EmergingMarkets #DavidHerro #IndianEquity #PublicSectorUndervaluation #PunjabNationalBank #BankOfBaroda #CanaraBank #ValueUpReforms #NarendraModi #IndiaEconomy #Finance #BusinessPodcast #FexingoBusiness #LongTermPicking #EmergingMarketValue Keep every episode free: buymeacoffee.com/fexingo

Warren Buffett handed the reins to Greg Abel, and his first major deal as Berkshire Hathaway CEO is a home builder. Lucas and Luna break down why Berkshire paid book value for a cyclical business at the top of the housing cycle. They dig into the numbers: Berkshire's cash pile, the home builder's price-to-book ratio, and what this tells us about Abel's value-investing instincts versus Buffett's playbook. Plus, a look at how the flat rate environment is reshaping the housing market and why this deal might be a template for future Berkshire acquisitions. If you want to understand how the next generation of value investors will operate, start here. #BerkshireHathaway #GregAbel #HomeBuilderAcquisition #ValueInvesting #WarrenBuffett #BookValue #CyclicalStocks #HousingMarket #FlatRateEnvironment #BerkshireCashPile #MoatInvesting #DeepValue #CapitalAllocation #FexingoBusiness #BusinessPodcast #Finance #InvestmentStrategy #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast, Lucas and Luna break down Berkshire Hathaway's $6.8 billion acquisition of Taylor Morrison, announced on June 1, 2026. They examine why this home builder trades at barely 0.9 times book value, how the housing market's structural supply shortage creates a durable moat, and what it tells us about Warren Buffett's playbook in a flat-rate environment. With Berkshire shares down 2.4 percent in the past week, the hosts question whether the market is mispricing the conglomerate's latest bet. Specific numbers include the deal's price-to-book ratio, the average age of US housing stock at 40 years, and the Fed funds rate stuck at 3.62 percent. A tight 10-minute value investing case study on cyclical bargains and capital allocation. #BerkshireHathaway #TaylorMorrison #HomeBuilders #ValueInvesting #WarrenBuffett #BookValue #HousingMarket #CapitalAllocation #MoatInvesting #CyclicalStocks #FlatRateEnvironment #June2026 #FexingoBusiness #BusinessPodcast #Finance #StockMarket #MergersAndAcquisitions #SupplyShortage Keep every episode free: buymeacoffee.com/fexingo

In this episode, Lucas and Luna examine the value case for gold mining stocks in 2026, a sector that has been largely overlooked despite a resilient gold price above $2,000. They discuss how producers like Newmont and Barrick Gold are generating strong free cash flow, paying down debt, and returning capital to shareholders through dividends and buybacks. Lucas argues that the market is pricing these stocks as if gold will crash, creating a potential margin of safety for long-term value investors. They also touch on the risks, including cost inflation and geopolitical exposure, and compare the current setup to other commodity value plays. Using specific valuation metrics like price-to-earnings ratio and free cash flow yield, they explain why gold miners might deserve a place in a diversified value portfolio. The hosts also share a personal note about how listener support via buy me a coffee dot com slash fexingo helps keep the show ad-free and independent. #GoldMining #ValueInvesting #Newmont #BarrickGold #PreciousMetals #FreeCashFlow #DividendYield #ShareBuybacks #MarginOfSafety #CommodityStocks #GoldPrice #Underfollowed #Contrarian #CashFlowYield #Finance #Investing #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

Episode 22 of The Value Investing Podcast with Fexingo dives into South Korea's 'Value Up' program, launched in 2024 to boost corporate governance and shareholder returns. Lucas and Luna examine why Korean stocks like Samsung Electronics and Hyundai Motor trade at a 'Korea discount' of around 40% relative to global peers, and whether the government's push for higher dividends, buybacks, and better board oversight is finally closing that gap. They discuss the Korea Value Up Index's 18% gain in 2025, the role of activist investors, and the specific metrics — P/B ratios below 0.8, dividend yields above 3% — that screen for value. The hosts also touch on risks: chaebol resistance, political uncertainty, and the 2026 election cycle. A focused episode for listeners who want to understand one of the most compelling undervalued markets of 2026, with actionable criteria for evaluating individual stocks. #ValueInvesting #SouthKorea #KoreaDiscount #ValueUp #SamsungElectronics #HyundaiMotor #ShareholderReturns #Dividends #Buybacks #Governance #EmergingMarkets #ActivistInvesting #FexingoBusiness #BusinessPodcast #Finance #StockPicking #LongTermInvesting #KoreaValueUpIndex Keep every episode free: buymeacoffee.com/fexingo

In this episode, Lucas and Luna explore why European banks are emerging as a compelling value play in mid-2026, even as the Federal Reserve holds rates steady at 3.64 percent. They examine how lenders like UniCredit and Santander have restructured after years of low rates, building fortress balance sheets with returns on equity above 10 percent. Lucas points to the iShares MSCI Eurozone Financials ETF, which trades at a price-to-earnings ratio of just 9.5, compared to the S&P 500's 24. He contrasts this with JPMorgan's P/E of 14, arguing that European banks offer a larger margin of safety. Luna notes the geopolitical risks, including Russia exposure and regulatory fragmentation, but Lucas counters that provisions for Russian loans have been over-reserved. They discuss the tailwind from the European Central Bank's recent rate hikes, which have improved net interest margins without triggering a credit crisis. The hosts also highlight dividends and buybacks: European banks are returning 50-60 percent of profits to shareholders, with yields exceeding 6 percent. Lucas concludes that the market is pricing in a recession that hasn't materialized, making this a classic Graham-style opportunity. The episode includes a brief, organic donation segment where Lucas ties the value investing theme to listener support that keeps the show ad-free. #EuropeanBanks #ValueInvesting #BenGraham #WarrenBuffett #UniCredit #Santander #ECB #FlatRateEnvironment #DividendYield #ShareBuybacks #PriceToEarnings #ReturnOnEquity #Etf #Ishares #Finance #Investing #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna explore why tobacco stocks like Altria and Philip Morris International might offer deep value despite the long-term decline in smoking. With the S&P 500 at 7,580 and the Russell 2000 up 1.7% in the past week, the hosts examine how these companies are transitioning to reduced-risk products, generating massive free cash flow, and trading at single-digit price-to-earnings ratios. Lucas breaks down the math: a 7.5 percent dividend yield, buybacks funded by smoke-free revenue, and the potential for multiple expansion if the narrative shifts. Luna challenges the sustainability of the earnings stream, noting regulatory risks and the pace of the combustible-to-smoke-free pivot. Using specific data from Altria's IQOS rollout and Philip Morris's 2026 guidance, they debate whether these stocks are value traps or the ultimate contrarian play. Tune in for a disciplined analysis of moats, terminal value, and the margin of safety in sin stocks. #ValueInvesting #TobaccoStocks #Altria #PhilipMorris #ContrarianInvesting #DividendStocks #FreeCashFlow #SmokeFree #IQOS #SinStocks #MO #PM #Russell2000 #SP500 #DeepValue #FexingoBusiness #BusinessPodcast #Finance Keep every episode free: buymeacoffee.com/fexingo

In this episode, Lucas and Luna explore the overlooked value of insurance float in a flat interest rate environment. With the Fed Funds rate stuck at 3.62 percent since April, insurance companies like Berkshire Hathaway and Progressive hold massive pools of premium dollars that become low-cost capital when rates don't move. Lucas explains how float creates a structural advantage for insurers, using Berkshire's $169 billion float as the anchor example. Luna challenges whether float is still valuable when the yield curve is flat, and they discuss how investors can find insurance value plays beyond Berkshire. The episode also touches on why banks like JPMorgan and Bank of America have struggled recently while insurers have quietly compounded. A concrete look at float math, underwriting discipline, and portfolio duration. #InsuranceFloat #BerkshireHathaway #ValueInvesting #InterestRates #FlatYieldCurve #FloatAdvantage #Progressive #WarrenBuffett #LowCostCapital #Underwriting #InsuranceStocks #Finance #BusinessPodcast #FexingoBusiness #LongTermInvesting #CapitalAllocation #PortfolioDuration #BRK Keep every episode free: buymeacoffee.com/fexingo

With the Fed holding rates steady at 3.64% since April, and the S&P 500 up 1.6% in the past week, Lucas and Luna explore a counterintuitive value play: companies that are aggressively buying back their own stock. They examine how flat interest rates make share repurchases more attractive than debt repayment for cash-rich firms, and why this creates a hidden catalyst for value investors. The hosts walk through a specific case study of a major bank that is using buybacks to boost earnings per share while trading below book value, and discuss how to identify companies that are creating genuine value versus those that are just masking dilution. Lucas shares a simple framework for evaluating buyback quality based on purchase price relative to intrinsic value — a lesson straight from the Graham-and-Dodd playbook. This episode is essential listening for anyone trying to understand why some value stocks are waking up in late May 2026 while others remain sleepy. #ShareBuybacks #ValueInvesting #FederalReserve #InterestRates #EarningsPerShare #StockRepurchase #IntrinsicValue #BenjaminGraham #BankOfAmerica #FlatYieldCurve #CapitalAllocation #CashFlow #BookValue #ValueTrap #FexingoBusiness #BusinessPodcast #Finance #InvestingPodcast Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna challenge the assumption that value investing is just buying the lowest price-to-book stocks. Using 2026 market data, they examine why the strongest total returns are coming from companies with sustainable competitive advantages—moats—rather than traditional deep-value plays. They discuss the 2026 performance of the iShares S&P 100 ETF compared to the Russell 2000, the earnings stability of Microsoft and Visa, and how rising interest rates are separating moat businesses from value traps. Plus, they consider what the Buffett indicator—total market cap to GDP at 190% of GDP—means for long-term portfolio construction today. #ValueInvesting #MoatInvesting #CompetitiveAdvantage #IntrinsicValue #Buffett #IWD #RUT #Microsoft #Visa #InterestRates #ValueTrap #LongTerm #StockPicking #QualityStocks #May2026 #FexingoBusiness #BusinessPodcast #Finance Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna examine the surprising strength of small-cap stocks in late May 2026, with the Russell 2000 rallying 3.6% over five days while large-cap indices lag. They dig into the drivers: falling interest rates, a weaker dollar, and rotation out of mega-cap tech. Lucas argues that value-oriented small caps are pricing in a soft landing, while Luna questions whether the move is sustainable given weak earnings growth. They discuss specific sectors like regional banks and industrials, and what history says about small-cap leadership during Fed pauses. A timely, data-anchored conversation for value investors looking beyond the S&P 500. #Russell2000 #SmallCapValue #SmallCapStocks #ValueInvesting #FexingoBusiness #BusinessPodcast #StockMarket #Investing #Finance #Rotation #FedPause #SoftLanding #RegionalBanks #Industrials #LucasAndLuna #May2026 #MarketLeadership #PortfolioStrategy Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna make the case for consumer staples as a value play in May 2026. With the S&P 500 near 7,520 and the small-cap Russell 2000 up 3.6 percent in five days, defensive sectors have lagged. But after two years of margin compression from inflation, companies like Procter & Gamble and PepsiCo are showing signs of recovery. Lucas breaks down why the price-to-earnings ratio on the Consumer Staples Select Sector SPDR Fund has contracted to 18 times forward earnings, near a five-year low, while input costs stabilize and pricing power remains strong. Luna pushes back: aren't these stocks vulnerable to private-label competition and a consumer spending slowdown? They dig into the data on market share, brand loyalty, and the case for a portfolio of staples paying a 3 percent yield. A specific, numbers-driven conversation for value investors looking beyond tech and energy. #ConsumerStaples #ValueInvesting #ProcterAndGamble #PepsiCo #DefensiveStocks #SP500 #Russell2000 #DividendYield #PricingPower #MarginRecovery #Inflation #PortfolioConstruction #Finance #Investing #FexingoBusiness #BusinessPodcast #LongTermInvesting #StockPicking Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna explore the overlooked value opportunity in European defense stocks. With NATO spending targets rising and major European economies boosting defense budgets, stocks like Rheinmetall and BAE Systems are seeing strong earnings growth but still trade at single-digit price-to-earnings ratios. The hosts discuss how market skepticism about defense spending sustainability has created a valuation gap, and why this sector might offer both value and growth potential. They also touch on the broader implications of the China industrial profit jump and the Strait of Hormuz closure for global supply chains and defense spending needs. Tune in for a concrete, data-driven look at a sector many value investors are ignoring. #EuropeanDefenseStocks #ValueInvesting #DefenseSpending #Rheinmetall #BAESystems #NATO #StraitOfHormuz #ChinaIndustrialProfits #ValueTrap #GrowthAtReasonablePrice #PortfolioDiversification #GeopoliticalRisk #DefenseBudget #EarningsGrowth #SingleDigitPE #FexingoBusiness #BusinessPodcast #Finance Keep every episode free: buymeacoffee.com/fexingo

Episode 13 of The Value Investing Podcast with Fexingo: Lucas and Luna tackle the brutal divergence in energy markets as of May 26, 2026. While the S&P 500 hits 7,519 and small caps surge, ExxonMobil has plunged 7.8% in five days and Chevron 6.4% on fears of a prolonged Strait of Hormuz closure. They debate whether the integrated majors are value traps or contrarian buys, using a 2014–2015 case study and a simple metric: the price-to-cash-flow ratio versus a ten-year average. Lucas argues the market is overpricing a worst-case scenario; Luna counters that stranded-asset risk and political uncertainty make this time different. A focused 10-minute drill on one specific number — the current single-digit price-to-operating-cash-flow multiple for Exxon versus a historical average near 10 — and what it really signals for patient capital. #ValueInvesting #Energy #OilCrash #ExxonMobil #Chevron #IntegratedMajors #Contrarian #StraitOfHormuz #CashFlow #BuyTheDip #ValueTrap #LongTermInvesting #Buffett #FexingoBusiness #BusinessPodcast #Finance #Investing #May2026 Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dive into the overlooked value opportunity in Japanese trading houses — the sogo shosha — which have been quietly restructuring and generating massive free cash flow. With the Nikkei near all-time highs but these conglomerates trading at single-digit P/E ratios and offering growing dividends, the hosts examine why Buffett invested in five of them in 2020 and whether the thesis still holds six years later. They walk through specific numbers from Mitsubishi Corporation and Mitsui & Co., and discuss the risk of Japan's corporate governance reforms stalling. A concrete look at why global value investors are circling Japan again — and whether the moment has passed or just begun. #JapaneseTradingHouses #SogoShosha #ValueInvesting #Mitsubishi #Mitsui #WarrenBuffett #BerkshireHathaway #Japan #Nikkei #CorporateGovernance #DividendGrowth #FreeCashFlow #InternationalStocks #Finance #FexingoBusiness #BusinessPodcast #Investing #LongTermPicking Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna make the case that small-cap value stocks are the most compelling opportunity in today's market. With the Russell 2000 up 3.4% in the past five days while mega-caps lag, they drill into why active managers are rotating down the market-cap ladder. Lucas walks through the historical valuation gap between large and small caps, the impact of a flat Fed funds rate near 3.6%, and the earnings cycle that typically rewards smaller companies. He highlights one underfollowed sector — aerospace suppliers — that screens cheap on price-to-book. Luna pushes back on liquidity risk and index concentration, and Lucas concedes the point before making the cyclical case. The episode closes with a practical framework for listeners who want to build a small-cap allocation without overdosing on risk. #SmallCapValue #Russell2000 #ValueInvesting #LucasAndLuna #FexingoBusiness #BusinessPodcast #Finance #Investing #StockMarket #ActiveManagement #MarketCycles #FedPolicy #InterestRates #Aerospace #PriceToBook #PortfolioConstruction #Midcaps #EarningsCycle Keep every episode free: buymeacoffee.com/fexingo