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

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 Jun...

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 speculati...

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 differe...

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 ac...

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 pl...

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. Wi...

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 the...

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...

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...

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...

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, usin...

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...

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 stab...

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 give...

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 Sta...

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 skept...

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 st...

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...

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 earn...

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 overha...

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 de...

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 t...

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...

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...

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...