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

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

In this episode, Lucas and Luna explore why European pharmaceutical companies are emerging as a compelling value play in mid-2026. With the S&P 500 hitting new highs and US pharma giants trading at elevated multiples, European pharma stocks like Novartis, Sanofi, and Bayer offer single-digit price-to-earnings ratios and dividend yields above 4 percent. The hosts discuss how the patent cliff overhang is already priced in, why the US biotech boom is creating a spillover effect for European contract manufacturers, and how the strong dollar is adding a tailwind for US-based investors. Lucas points out that the iShares MSCI Europe Financials ETF may not be the only value opportunity across the Atlantic. Tune in for a focused look at a corner of the market that most value investors are overlooking. #EuropeanPharma #ValueInvesting #Novartis #Sanofi #Bayer #PharmaStocks #DividendYield #PatentCliff #BiotechSpillover #StrongDollar #InternationalValue #LowPEMultiple #FexingoBusiness #BusinessPodcast #Finance #Investing #StockPicking #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo

On this episode of The Value Investing Podcast, Lucas and Luna dig into Bank of America's surprising valuation story in 2026. With shares trading at just 11 times earnings and a tangible book value of $33 per share, the stock is priced for a recession that hasn't arrived. They explore CEO Brian Moynihan's steady strategy, the impact of higher interest rates on net interest income, and why BAC's deposit base and loan book make it a unique value proposition compared to JPMorgan. Along the way, they reference the recent bank rally — the S&P 500 is up 1% this week but regional banks have surged 3.4% — and ask whether the market is mispricing large-cap banks. A natural conversation about price versus value, with a specific, investable idea at its core. #ValueInvesting #BankOfAmerica #BAC #BrianMoynihan #BankStocks #ValuePlay #Finance #Investing #StockMarket #EarningsYield #TangibleBookValue #NetInterestIncome #LargeCap #Rates #Recession #FexingoBusiness #BusinessPodcast #Podcast Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dig into midstream energy infrastructure—pipelines, storage, and export terminals—and why this overlooked corner of the market is throwing off double-digit free cash flow yields while trading at single-digit earnings multiples. They anchor the conversation around a specific operator in the Permian Basin, referencing the recent pullback in energy equities (ExxonMobil down 3.5% over the past five days, Chevron down 1.5%) and the broader value rotation into small caps (Russell 2000 up 3.4% in the same window). The hosts explain why midstream companies benefit from fee-based revenue models that insulate them from oil price volatility, and they compare the current setup to the post-2020 recovery period. They also touch on the implications of APEC trade tensions for energy exports and the risk of regulatory changes. The episode includes a brief, natural donation segment near the end where Lucas mentions listener support via buy me a coffee dot com slash fexingo keeps the show ad-free. Closes with a question about whether midstream's structural advantages are durable or cyclical. #MidstreamEnergy #ValueInvesting #EnergyInfrastructure #PermianBasin #FreeCashFlow #PipelineStocks #DividendStocks #EnergySector #CommodityIndependence #EnterpriseProductsPartners #LucasAndLuna #Business #Finance #Investing #FexingoBusiness #BusinessPodcast #TheValueInvestingPodcast #BuffettGrahamLongTerm Keep every episode free: buymeacoffee.com/fexingo

While megabanks like JPMorgan and Bank of America have rallied on higher rates, regional banks have been left for dead. Lucas and Luna examine why a basket of super-regional banks may trade at bargain valuations despite improving fundamentals. They discuss the specific headwinds these banks face, from commercial real estate exposure to regulatory uncertainty, and whether the market's pessimism is overdone. Drawing on Buffett's historical approach to bank investing and recent moves by activist investors in the space, they make the case that selective regional bank stocks could offer a compelling risk-reward profile for patient value investors. The episode explores why the market may be mispricing these assets and what catalysts could unlock value. Tune in for a deep dive on a contrarian value play in an unloved sector. #RegionalBanks #ValueInvesting #BankStocks #ContrarianInvesting #LucasAndLuna #FexingoBusiness #BusinessPodcast #Finance #StockMarket #Investing #Buffett #Mispricing #CET1Ratio #CommercialRealEstate #SuperRegional #ActivistInvestors #RegulatoryRisk #EarningsPower Keep every episode free: buymeacoffee.com/fexingo

This episode of The Value Investing Podcast with Fexingo explores the overlooked opportunity in closed-end funds (CEFs). Lucas and Luna discuss how CEFs can trade at significant discounts to net asset value, creating a margin of safety for value investors. They examine the recent surge in risk-free Treasury yields and how that has pushed CEF discounts wider, offering potential bargains. The hosts walk through a specific example: a municipal bond CEF yielding 6.2% with a 12% discount to NAV. They also touch on the risks, including leverage and management fees. With the Fed funds rate flat at 3.64% and bond investors hunting for better opportunities, CEFs present a compelling case study in patience and discipline. No stock-picking, no momentum—just classic value investing in a wrapper most people ignore. #ClosedEndFunds #ValueInvesting #CEFs #MarginOfSafety #NAV #DiscountToNAV #MunicipalBonds #BondInvesting #TreasuryYields #FedFundsRate #Leverage #ManagementFees #PassiveInvesting #ActiveManagement #FexingoBusiness #BusinessPodcast #Finance #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna examine a quiet phenomenon in value investing: the retail carry trade. With the Fed holding rates at 3.64 percent and the Russell 2000 up 3.4 percent in five days, small-cap value stocks are delivering both income and price appreciation. Lucas breaks down how buying beaten-down regional banks and REITs on margin—using cheap broker borrowing—has become an asymmetric bet. He cites Old National Bancorp yielding 5.2 percent and a small-cap REIT like Agree Realty at a 6 percent dividend, funded by short-term financing at 4.2 percent. Luna questions the risk if rates rise again. Lucas explains why the trade works as long as the Fed stays flat, and why institutional money is too slow to capture it. A concrete, actionable framework for listeners considering the small-cap value opportunity in late May 2026. #ValueInvesting #RetailCarryTrade #SmallCapValue #OldNationalBancorp #AgreeRealty #RegionalBanks #REITs #DividendInvesting #FedRates #Russell2000 #MarginTrading #AsymmetricBet #PassiveIncome #Finance #InvestingPodcast #FexingoBusiness #BusinessPodcast #LongTermValue Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore Pfizer's transformation from growth pharma giant to a value investor's dilemma. With the stock down over 40% from its pandemic peak and now yielding roughly 5%, they debate whether the selloff is overdone or justified. Lucas walks through Pfizer's pipeline math, the patent cliff on 11 drugs through 2030, and the free cash flow yield argument. Luna pushes back on the 'value trap' label, noting the company's $15 billion cost-cutting plan and recent M&A discipline. They touch on the broader rotation into value this year, with the Russell 2000 up nearly 2% in the last week alone, and ask: does a 5% dividend make Pfizer a bond replacement or a falling knife? Specific numbers include the 11 patents expiring, the 5-plus percent dividend yield, and the current P/E of roughly 9.5. No hot takes, just a sober look at one of the most debated large-cap stocks in the value universe. #Pfizer #ValueInvesting #DividendYield #PharmaStocks #PatentCliff #FreeCashFlow #ValueTrap #Biotech #StockMarket #InvestingStrategy #LargeCap #Healthcare #Finance #FexingoBusiness #BusinessPodcast #TheValueInvestingPodcast #LucasAndLuna #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dig into Berkshire Hathaway's latest SEC filing, which reveals a surprising new position in Perpetua Resources, an Idaho gold and antimony miner that just secured a $2.9 billion federal loan. They explore what drew Buffett to a metals play, how antimony's defense and tech applications fit the value thesis, and why this move echoes a famous Graham-era bet on silver. Plus, a look at how Perpetua's $2.9 billion loan compares to Berkshire's $5 billion stake in the company, and what it says about the intersection of value investing and national industrial policy. #BerkshireHathaway #PerpetuaResources #GoldMining #Antimony #ValueInvesting #WarrenBuffett #SECFiling #FederalLoan #IndustrialPolicy #Commodities #Finance #Business #StockMarket #LongTermInvesting #FexingoBusiness #BusinessPodcast #LucasAndLuna #IdahoGold Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dig into the big bank earnings beat and widening net interest margins, but stocks like JPMorgan and Bank of America are still trading below historical price-to-tangible-book multiples. Despite the Fed holding rates steady at 3.64 percent, bank profits surged in Q1 2026. Lucas argues the market is pricing in a recession that hasn't arrived, while Luna points to tightening commercial real estate and rising consumer credit delinquencies as real risks. They examine why value investors should care about the divergence between earnings power and market valuation, and what Berkshire Hathaway's big bank holdings signal. Specific numbers: JPMorgan's return on tangible common equity above 20 percent, Bank of America's net interest income up 11 percent year-over-year, and the five-day stock performance showing BAC up 2.8 percent while the broader market slid. #ValueInvesting #BankStocks #JPMorgan #BankOfAmerica #BerkshireHathaway #NetInterestMargin #FedPolicy #InterestRates #TangibleBookValue #EarningsBeat #RecessionRisk #CommercialRealEstate #ConsumerCredit #ROTCE #StockMarket #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo

In the first episode of The Value Investing Podcast, Lucas and Luna break down the energy sector's surprising outperformance in 2026. With ExxonMobil up over 7% in the last five days alone, they explore what's driving the rally and whether it's a value play or a momentum trap. They dig into Exxon's capital discipline, the oil supply dynamics that pushed prices higher, and why Warren Buffett's Berkshire Hathaway—which holds significant energy stakes—has barely budged. The conversation also touches on the broader market sell-off, with the S&P 500 down 0.7% and small caps plunging 2.8%. Lucas and Luna frame the episode around a single question: is energy the best place for value investors right now, or are we seeing a classic late-cycle rotation? Expect specific numbers, a skeptical take on market narratives, and a clear focus on one concrete investment case per episode going forward. No hot takes, no jargon—just smart, honest talk about long-term stock picking. #ValueInvesting #ExxonMobil #BerkshireHathaway #EnergySector #Buffett #StockPicking #LongTermInvesting #OilPrices #MarketRotation #SmallCaps #SP500 #DividendStocks #CapitalDiscipline #ValueStocks #Finance #Podcast #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo