LexBeyond

This is a free preview of a paid episode. To hear more, visit www.lexbeyond.com Key Takeaways * Ben Graham, the GOAT, got the ball rolling. Ben Graham spent his career building a rigid wall, separating investment from speculation. In his very effort to be thorough, however, Graham himself introduced these little linguistic slips, which started to create tiny subtle cracks in that pristine foundati...

Key Takeaways * “Value Investing” is a term Ben Graham never used. This episode breaks down how the phrase gained fame despite being rejected by the very thinker it’s attributed to. * The value investing doctrine emerged from branding, not new financial insight. We trace how a simple, longstanding idea was repackaged into a marketable identity that reshaped modern investing culture. * Early cracks...

This is a free preview of a paid episode. To hear more, visit www.lexbeyond.com 🔑 Key Takeaways * Definitional gaps drive systemic failures: Both SEC v. Coinbase and Kalshi v. CFTC reveal how ignoring foundational definitions (“investing” and “gaming”) leaves the public unprotected. * Coinbase’s doublespeak strategy: Commercially marketing crypto as an investment while legally denying it in court...

In last week’s LexBeyond podcast, Lex and Bianca tackled the chaos shaking today’s financial landscape—from crypto volatility to the surge in sports betting—and argued that the turbulence stems from four deceptively simple words: investing, speculation, gambling, and gaming. It’s not just semantics or philosophy, but a problem measured in trillions of dollars. This week, they take it from problem...

The roots of this episode date back to 1986… When I (Alper) was doing middle school exam prep during weekend school, I recall this guy who sat in front. He listened to the teacher intently, took notes carefully, and followed every conversation diligently. I turned to my neighbor and told him my prediction: “This guy is going places.” I took a slightly different approach. I sat in the back. I was f...

FanDuel and DraftKings stunned the gaming world by cutting ties with the American Gaming Association, signaling a dramatic pivot toward federally regulated prediction markets. This move pits the state‑by‑state model that built their empires against a new legal strategy that frames wagers as tradable financial instruments under the purview of the CFTC. In this episode, Lex and Bianca unpack the cor...

Welcome to our first episode of the LexBeyond podcast. We are really excited to have you here. Our hosts, Lex and Bianca discuss the Investing vs. Gambling trap and its potential ramifications. We’ve included some show notes for you below with a key timestamp. Enjoy! * This podcast is about the investing vs. gambling contrast being problematic. That said, the gambling vs. gaming contrast is an adj...