Deep Values: Value Investing Deep Dives

This episode analyzes Howard Marks' 2025 memo, "On Bubble Watch," which offers a sophisticated framework for assessing market risk and investor psychology. Marks defines a bubble as a "state of mind,"emphasizing its psychological rather than purely quantitative nature. The analysis details several cautionary signs in the 2025 market, including extreme concentration in a few large stocks, elevated valuations, and the powerful influence of the "newness" narrative surrounding Artificial Intelligence. However, it also highlights Marks' balanced approach by presenting counterarguments, acknowledging the exceptional quality of today's market leaders and the absence of the most extreme speculative behaviors seen in past bubbles. Ultimately, the text positions Marks' memo not as a prediction of an imminent crash, but as a crucial call for prudence, disciplined risk management,and a re-evaluation of portfolio allocations given the current environment of high risk and potentially low future returns.

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📚 Value Investing Books Recommendation

Warren Buffett

The Snowball: Warren Buffett and the Business of Life

Kindle: https://amzn.to/3FVasqy

Hardcover: https://amzn.to/3HIfeZ2

Paperback: https://amzn.to/4kBjUOZ

Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)

Kindle: https://amzn.to/43Vr5dD

Hardcover: https://amzn.to/4n6yNus

Paperback: https://amzn.to/45XBBDL

————————————————————————

Charlie Munger

Poor Charlie’s Almanack

Kindle: https://amzn.to/3Zsw9VB

Hardcover: https://amzn.to/4jMExq7

Collector's Edition: https://amzn.to/3SRgsn7

Tao of Charlie Munger

Kindle: https://amzn.to/4nk0akT

Hardcover: https://amzn.to/44eq8OR

Influence, New and Expanded: The Psychology of Persuasion

Kindle: https://amzn.to/4619DqL

Hardcover: https://amzn.to/40a8TMi

Paperback: https://amzn.to/40gtwq7

————————————————————————

Howard Marks

The Most Important Thing (Uncommon Sense for the Thoughtful Investor)

Kindle: https://amzn.to/3Tqb4Yg

Hardcover: https://amzn.to/3SRyy8A

Paperback: https://amzn.to/45ohdM0

Mastering The Market Cycle: Getting the Odds on Your Side

Kindle: https://amzn.to/3HXPmby

Hardcover: https://amzn.to/45X6AQq

Paperback: https://amzn.to/44oPGYP

————————————————————————

Money Philosophies

The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Kindle: https://amzn.to/3FDbO9u

Hardcover: https://amzn.to/4kL3TGi

Paperback: https://amzn.to/44fpkcC

Limited Gift Version: https://amzn.to/4jYomGp

Same as Ever: A Guide to What Never Changes

Kindle: https://amzn.to/3HXBJcp

Hardcover: https://amzn.to/4l7vPno

Paperback: https://amzn.to/4k2ZHRe

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Kindle: https://amzn.to/4lx2a7F

Hardcover: https://amzn.to/4kGX5tf

Paperback: https://amzn.to/3ZEMXsC

————————————————————————

Classic Principles

The Intelligent Investor

Kindle: https://amzn.to/45T9OEv

Hardcover: https://amzn.to/4l4f7W3

Paperback: https://amzn.to/43ZNyXb

Security Analysis, Seventh Edition: Principles and Techniques

Kindle: https://amzn.to/442yKak

Hardcover: https://amzn.to/3TmEEhg

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Collector Edition: https://amzn.to/4lrgWNd

Youtube: https://www.youtube.com/@TheDeepValue

Apple Podcasts: https://podcasts.apple.com/us/podcast/deep-value-investing/id1811057697

Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors 🎗️

This episode offers a deep financial analysis of Oracle Corporation, covering its business model across cloud services, software licensing, hardware, and consulting. It examines short and long-term risks like intense cloud competition and the challenges of integrating acquisitions, alongside Oracle's cost structure dominated by fixed expenses in R&D and cloud infrastructure. The text also assesses Oracle's management team and governance, highlighting their credibility, capital allocation strategies (especially aggressive share buybacks and dividends), and the significant influence of founder Larry Ellison's ownership. Finally, it provides a detailed financial breakdown with valuation, cash flow, and balance sheet metrics, applying a Warren Buffett-style intrinsic value analysis and reviewing the latest quarterly earnings to project future growth.

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📚 Value Investing Books Recommendation

Warren Buffett

The Snowball: Warren Buffett and the Business of Life

Kindle: https://amzn.to/3FVasqy

Hardcover: https://amzn.to/3HIfeZ2

Paperback: https://amzn.to/4kBjUOZ

Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)

Kindle: https://amzn.to/43Vr5dD

Hardcover: https://amzn.to/4n6yNus

Paperback: https://amzn.to/45XBBDL

————————————————————————

Charlie Munger

Poor Charlie’s Almanack

Kindle: https://amzn.to/3Zsw9VB

Hardcover: https://amzn.to/4jMExq7

Collector's Edition: https://amzn.to/3SRgsn7

Tao of Charlie Munger

Kindle: https://amzn.to/4nk0akT

Hardcover: https://amzn.to/44eq8OR

Influence, New and Expanded: The Psychology of Persuasion

Kindle: https://amzn.to/4619DqL

Hardcover: https://amzn.to/40a8TMi

Paperback: https://amzn.to/40gtwq7

————————————————————————

Howard Marks

The Most Important Thing (Uncommon Sense for the Thoughtful Investor)

Kindle: https://amzn.to/3Tqb4Yg

Hardcover: https://amzn.to/3SRyy8A

Paperback: https://amzn.to/45ohdM0

Mastering The Market Cycle: Getting the Odds on Your Side

Kindle: https://amzn.to/3HXPmby

Hardcover: https://amzn.to/45X6AQq

Paperback: https://amzn.to/44oPGYP

————————————————————————

Money Philosophies

The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Kindle: https://amzn.to/3FDbO9u

Hardcover: https://amzn.to/4kL3TGi

Paperback: https://amzn.to/44fpkcC

Limited Gift Version: https://amzn.to/4jYomGp

Same as Ever: A Guide to What Never Changes

Kindle: https://amzn.to/3HXBJcp

Hardcover: https://amzn.to/4l7vPno

Paperback: https://amzn.to/4k2ZHRe

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Kindle: https://amzn.to/4lx2a7F

Hardcover: https://amzn.to/4kGX5tf

Paperback: https://amzn.to/3ZEMXsC

————————————————————————

Classic Principles

The Intelligent Investor

Kindle: https://amzn.to/45T9OEv

Hardcover: https://amzn.to/4l4f7W3

Paperback: https://amzn.to/43ZNyXb

Security Analysis, Seventh Edition: Principles and Techniques

Kindle: https://amzn.to/442yKak

Hardcover: https://amzn.to/3TmEEhg

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Collector Edition: https://amzn.to/4lrgWNd

————————————————————————

Youtube: https://www.youtube.com/@TheDeepValue

Apple Podcasts: https://podcasts.apple.com/us/podcast/deep-value-investing/id1811057697

Spotify: https://open.spotify.com/show/2XDn2NMbbfvrJiqk9xAqR9?si=YsWJodQKS7CEMq5Twdh_8Q

Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors 🎗️

This episode offers a comprehensive comparison of two pivotal figures in investment philosophy: Benjamin Graham, considered the father of value investing, and Charlie Munger, who profoundly evolved its modern application. It explains how Graham's approach, shaped by the Great Depression, prioritized quantitative metrics, capital preservation, and a "margin of safety" based on price, often leading to the acquisition of "cigar-butt" companies at deep discounts. In contrast, the text highlights Munger's expansion of value investing to focus on "wonderful companies at fair prices,"emphasizing qualitative factors like durable competitive advantages, or "moats," and the importance of a multidisciplinary "latticework of mental models". The See's Candies acquisition is presented as a crucial turning point, demonstrating Munger's influence in shifting the focus from tangible assets to intangible strengths. Ultimately, the text argues that both philosophies, while distinct in their methods, share core principles of rationality, risk aversion, and a long-term perspective, suggesting that modern investors should integrate both Graham's foundational discipline and Munger's sophisticated qualitative judgment for optimal results.

📚 Value Investing Books Recommendation

————————————————————————

Warren Buffett

The Snowball: Warren Buffett and the Business of Life

Kindle: https://amzn.to/3FVasqy

Hardcover: https://amzn.to/3HIfeZ2

Paperback: https://amzn.to/4kBjUOZ

Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)

Kindle: https://amzn.to/43Vr5dD

Hardcover: https://amzn.to/4n6yNus

Paperback: https://amzn.to/45XBBDL

————————————————————————

Charlie Munger

Poor Charlie’s Almanack

Kindle: https://amzn.to/3Zsw9VB

Hardcover: https://amzn.to/4jMExq7

Collector's Edition: https://amzn.to/3SRgsn7

Tao of Charlie Munger

Kindle: https://amzn.to/4nk0akT

Hardcover: https://amzn.to/44eq8OR

Influence, New and Expanded: The Psychology of Persuasion

Kindle: https://amzn.to/4619DqL

Hardcover: https://amzn.to/40a8TMi

Paperback: https://amzn.to/40gtwq7

Howard Marks

The Most Important Thing (Uncommon Sense for the Thoughtful Investor)

Kindle: https://amzn.to/3Tqb4Yg

Hardcover: https://amzn.to/3SRyy8A

Paperback: https://amzn.to/45ohdM0

Mastering The Market Cycle: Getting the Odds on Your Side

Kindle: https://amzn.to/3HXPmby

Hardcover: https://amzn.to/45X6AQq

Paperback: https://amzn.to/44oPGYP

Money Philosophies

The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Kindle: https://amzn.to/3FDbO9u

Hardcover: https://amzn.to/4kL3TGi

Paperback: https://amzn.to/44fpkcC

Limited Gift Version: https://amzn.to/4jYomGp

Same as Ever: A Guide to What Never Changes

Kindle: https://amzn.to/3HXBJcp

Hardcover: https://amzn.to/4l7vPno

Paperback: https://amzn.to/4k2ZHRe

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Kindle: https://amzn.to/4lx2a7F

Hardcover: https://amzn.to/4kGX5tf

Paperback: https://amzn.to/3ZEMXsC

Classic Principles

The Intelligent Investor

Kindle: https://amzn.to/45T9OEv

Hardcover: https://amzn.to/4l4f7W3

Paperback: https://amzn.to/43ZNyXb

Security Analysis, Seventh Edition: Principles and Techniques

Kindle: https://amzn.to/442yKak

Hardcover: https://amzn.to/3TmEEhg

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Collector Edition: https://amzn.to/4lrgWNd

Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors 🎗️

This episode  examines the financial implications and cost-benefit analysis of large-scale employee layoffs by major S&P 500 companies, particularly in the technology sector, from 2020 to 2025. It details the significant human resources costs incurred during layoffs, such as severance pay, extended benefits, and legal fees, using examples from Meta, Alphabet, Amazon, Microsoft, and Tesla. The document also explains how these one-time expenses are recorded as "restructuring charges" on financial statements, impacting short-term earnings but often leading to long-term savings through reduced operational costs. Ultimately, the sources highlight that companies view layoffs as a strategic investment to enhance future profitability and efficiency, with market reactions often favoring such cost-cutting measures despite the immediate financial hit.📚 Value Investing Books Recommendation————————————————————————Warren BuffettThe Snowball: Warren Buffett and the Business of LifeKindle: ⁠https://amzn.to/3FVasqy⁠Hardcover: ⁠https://amzn.to/3HIfeZ2⁠Paperback: ⁠https://amzn.to/4kBjUOZ⁠Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)Kindle: ⁠https://amzn.to/43Vr5dD⁠Hardcover: ⁠https://amzn.to/4n6yNus⁠Paperback: ⁠https://amzn.to/45XBBDL⁠————————————————————————Charlie MungerPoor Charlie’s AlmanackKindle: ⁠https://amzn.to/3Zsw9VB⁠Hardcover: ⁠https://amzn.to/4jMExq7⁠Collector's Edition: ⁠https://amzn.to/3SRgsn7⁠Tao of Charlie MungerKindle: ⁠https://amzn.to/4nk0akT⁠Hardcover: ⁠https://amzn.to/44eq8OR⁠Influence, New and Expanded: The Psychology of PersuasionKindle: ⁠https://amzn.to/4619DqL⁠Hardcover: ⁠https://amzn.to/40a8TMi⁠Paperback: ⁠https://amzn.to/40gtwq7⁠————————————————————————Howard MarksThe Most Important Thing (Uncommon Sense for the Thoughtful Investor)Kindle: ⁠https://amzn.to/3Tqb4Yg⁠Hardcover: ⁠https://amzn.to/3SRyy8A⁠Paperback: ⁠https://amzn.to/45ohdM0⁠Mastering The Market Cycle: Getting the Odds on Your SideKindle: ⁠https://amzn.to/3HXPmby⁠Hardcover: ⁠https://amzn.to/45X6AQq⁠Paperback: ⁠https://amzn.to/44oPGYP⁠Money PhilosophiesThe Psychology of Money: Timeless lessons on wealth, greed, and happinessKindle: ⁠https://amzn.to/3FDbO9u⁠Hardcover: ⁠https://amzn.to/4kL3TGi⁠Paperback: ⁠https://amzn.to/44fpkcC⁠Limited Gift Version: ⁠https://amzn.to/4jYomGp⁠Same as Ever: A Guide to What Never ChangesKindle: ⁠https://amzn.to/3HXBJcp⁠Hardcover: ⁠https://amzn.to/4l7vPno⁠Paperback: ⁠https://amzn.to/4k2ZHRe⁠The Almanack of Naval Ravikant: A Guide to Wealth and HappinessKindle: ⁠https://amzn.to/4lx2a7F⁠Hardcover: ⁠https://amzn.to/4kGX5tf⁠Paperback: ⁠https://amzn.to/3ZEMXsC⁠Classic PrinciplesThe Intelligent InvestorKindle: ⁠https://amzn.to/45T9OEv⁠Hardcover: ⁠https://amzn.to/4l4f7W3⁠Paperback: ⁠https://amzn.to/43ZNyXb⁠Security Analysis, Seventh Edition: Principles and TechniquesKindle: ⁠https://amzn.to/442yKak⁠Hardcover: ⁠https://amzn.to/3TmEEhg⁠Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful InvestorCollector Edition: ⁠https://amzn.to/4lrgWNd⁠————————————————————————Youtube: ⁠https://www.youtube.com/@TheDeepValueApple Podcasts: ⁠https://podcasts.apple.com/us/podcast/deep-value-investing/id1811057697⁠Spotify: ⁠https://open.spotify.com/show/2XDn2NMbbfvrJiqk9xAqR9?si=YsWJodQKS7CEMq5Twdh_8Q⁠Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: ⁠https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors⁠ 🎗️

This episode  offers a comprehensive overview of the Bloomberg Terminal, examining its historical evolution from a dedicated hardware system to a sophisticated software application, emphasizing its architecture, core components, and extensive data universe across various asset classes. It then aligns the Terminal's capabilities with the tenets of value investing, detailing a multi-stage workflow for investors to conduct macroeconomic analysis, screen for opportunities, perform deep fundamental research, and assess competitive advantages using specific Bloomberg functions. Finally, the text presents a cost-benefit calculus of the Terminal's substantial expense, contrasting it with competitors like Refinitiv Eikon and FactSet, and a newer generation of lower-cost alternatives like Koyfin and YCharts, to determine its value proposition for different investor profiles, from institutional to individual.

📚 Value Investing Books Recommendation

————————————————————————

Warren Buffett

The Snowball: Warren Buffett and the Business of Life

Kindle: https://amzn.to/3FVasqy

Hardcover: https://amzn.to/3HIfeZ2

Paperback: https://amzn.to/4kBjUOZ

Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)

Kindle: https://amzn.to/43Vr5dD

Hardcover: https://amzn.to/4n6yNus

Paperback: https://amzn.to/45XBBDL

————————————————————————

Charlie Munger

Poor Charlie’s Almanack

Kindle: https://amzn.to/3Zsw9VB

Hardcover: https://amzn.to/4jMExq7

Collector's Edition: https://amzn.to/3SRgsn7

Tao of Charlie Munger

Kindle: https://amzn.to/4nk0akT

Hardcover: https://amzn.to/44eq8OR

Influence, New and Expanded: The Psychology of Persuasion

Kindle: https://amzn.to/4619DqL

Hardcover: https://amzn.to/40a8TMi

Paperback: https://amzn.to/40gtwq7

————————————————————————

Howard Marks

The Most Important Thing (Uncommon Sense for the Thoughtful Investor)

Kindle: https://amzn.to/3Tqb4Yg

Hardcover: https://amzn.to/3SRyy8A

Paperback: https://amzn.to/45ohdM0

Mastering The Market Cycle: Getting the Odds on Your Side

Kindle: https://amzn.to/3HXPmby

Hardcover: https://amzn.to/45X6AQq

Paperback: https://amzn.to/44oPGYP

————————————————————————

Money Philosophies

The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Kindle: https://amzn.to/3FDbO9u

Hardcover: https://amzn.to/4kL3TGi

Paperback: https://amzn.to/44fpkcC

Limited Gift Version: https://amzn.to/4jYomGp

Same as Ever: A Guide to What Never Changes

Kindle: https://amzn.to/3HXBJcp

Hardcover: https://amzn.to/4l7vPno

Paperback: https://amzn.to/4k2ZHRe

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Kindle: https://amzn.to/4lx2a7F

Hardcover: https://amzn.to/4kGX5tf

Paperback: https://amzn.to/3ZEMXsC

————————————————————————

Classic Principles

The Intelligent Investor

Kindle: https://amzn.to/45T9OEv

Hardcover: https://amzn.to/4l4f7W3

Paperback: https://amzn.to/43ZNyXb

Security Analysis, Seventh Edition: Principles and Techniques

Kindle: https://amzn.to/442yKak

Hardcover: https://amzn.to/3TmEEhg

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Collector Edition: https://amzn.to/4lrgWNd

————————————————————————

Youtube: https://www.youtube.com/@TheDeepValue

Apple Podcasts: https://podcasts.apple.com/us/podcast/deep-value-investing/id1811057697

Spotify: https://open.spotify.com/show/2XDn2NMbbfvrJiqk9xAqR9?si=YsWJodQKS7CEMq5Twdh_8Q

Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors 🎗️

This episode offers a comprehensive analysis of two crucial financial metrics: Net Income and Free Cash Flow, explaining their distinct purposes and calculation methods. It highlights that while Net Income measures accounting profitability based on accrual principles, Free Cash Flow reveals a company's actual cash-generating ability, critical for investments and shareholder returns. The sources illustrate how non-cash charges, capital expenditures, and working capital changes create differences between these metrics, using case studies of major S&P 500 companies to demonstrate real-world applications and industry-specific variations. Ultimately, the text advocates for a dual-lens approach to financial analysis, emphasizing that understanding both Net Income and Free Cash Flow provides a more robust and reliable assessment of a company's financial health and strategic capacity.

📚 Value Investing Books Recommendation

————————————————————————

Warren Buffett

The Snowball: Warren Buffett and the Business of Life

Kindle: https://amzn.to/3FVasqy

Hardcover: https://amzn.to/3HIfeZ2

Paperback: https://amzn.to/4kBjUOZ

Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)

Kindle: https://amzn.to/43Vr5dD

Hardcover: https://amzn.to/4n6yNus

Paperback: https://amzn.to/45XBBDL

————————————————————————

Charlie Munger

Poor Charlie’s Almanack

Kindle: https://amzn.to/3Zsw9VB

Hardcover: https://amzn.to/4jMExq7

Collector's Edition: https://amzn.to/3SRgsn7

Tao of Charlie Munger

Kindle: https://amzn.to/4nk0akT

Hardcover: https://amzn.to/44eq8OR

Influence, New and Expanded: The Psychology of Persuasion

Kindle: https://amzn.to/4619DqL

Hardcover: https://amzn.to/40a8TMi

Paperback: https://amzn.to/40gtwq7

————————————————————————

Howard Marks

The Most Important Thing (Uncommon Sense for the Thoughtful Investor)

Kindle: https://amzn.to/3Tqb4Yg

Hardcover: https://amzn.to/3SRyy8A

Paperback: https://amzn.to/45ohdM0

Mastering The Market Cycle: Getting the Odds on Your Side

Kindle: https://amzn.to/3HXPmby

Hardcover: https://amzn.to/45X6AQq

Paperback: https://amzn.to/44oPGYP

————————————————————————

Money Philosophies

The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Kindle: https://amzn.to/3FDbO9u

Hardcover: https://amzn.to/4kL3TGi

Paperback: https://amzn.to/44fpkcC

Limited Gift Version: https://amzn.to/4jYomGp

Same as Ever: A Guide to What Never Changes

Kindle: https://amzn.to/3HXBJcp

Hardcover: https://amzn.to/4l7vPno

Paperback: https://amzn.to/4k2ZHRe

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Kindle: https://amzn.to/4lx2a7F

Hardcover: https://amzn.to/4kGX5tf

Paperback: https://amzn.to/3ZEMXsC

————————————————————————

Classic Principles

The Intelligent Investor

Kindle: https://amzn.to/45T9OEv

Hardcover: https://amzn.to/4l4f7W3

Paperback: https://amzn.to/43ZNyXb

Security Analysis, Seventh Edition: Principles and Techniques

Kindle: https://amzn.to/442yKak

Hardcover: https://amzn.to/3TmEEhg

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Collector Edition: https://amzn.to/4lrgWNd

————————————————————————

Youtube: https://www.youtube.com/@TheDeepValue

Apple Podcasts: https://podcasts.apple.com/us/podcast/deep-value-investing/id1811057697

Spotify: https://open.spotify.com/show/2XDn2NMbbfvrJiqk9xAqR9?si=YsWJodQKS7CEMq5Twdh_8Q

Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors 🎗️

This episode provides an in-depth analysis of Meta Platforms (META), detailing its advertising-driven business model, which accounts for approximately 98% of its revenue, and its vast global user base. The document explores short-term and long-term risks such as regulatory pressures, market saturation, and competition, while also outlining Meta's cost structure, noting significant investments in R&D and infrastructure like Reality Labs. It offers a comprehensive look at the management team, corporate governance, and shareholder structure, emphasizing Mark Zuckerberg's majority voting control. Furthermore, the text examines Meta's substantial share buyback program and the investment activities of notable value investors, concluding with a detailed intrinsic valuation using a Discounted Cash Flow (DCF) analysis that suggests the stock is currently fully valued without a large margin of safety.

Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors 🎗️

📚 Value Investing Books Recommendation

Warren Buffett

The Snowball: Warren Buffett and the Business of Life

Kindle: https://amzn.to/3FVasqy

Hardcover: https://amzn.to/3HIfeZ2

Paperback: https://amzn.to/4kBjUOZ

Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)

Kindle: https://amzn.to/43Vr5dD

Hardcover: https://amzn.to/4n6yNus

Paperback: https://amzn.to/45XBBDL

————————————————————————

Charlie Munger

Poor Charlie’s Almanack

Kindle: https://amzn.to/3Zsw9VB

Hardcover: https://amzn.to/4jMExq7

Collector's Edition: https://amzn.to/3SRgsn7

Tao of Charlie Munger

Kindle: https://amzn.to/4nk0akT

Hardcover: https://amzn.to/44eq8OR

Influence, New and Expanded: The Psychology of Persuasion

Kindle: https://amzn.to/4619DqL

Hardcover: https://amzn.to/40a8TMi

Paperback: https://amzn.to/40gtwq7

————————————————————————

Howard Marks

The Most Important Thing (Uncommon Sense for the Thoughtful Investor)

Kindle: https://amzn.to/3Tqb4Yg

Hardcover: https://amzn.to/3SRyy8A

Paperback: https://amzn.to/45ohdM0

Mastering The Market Cycle: Getting the Odds on Your Side

Kindle: https://amzn.to/3HXPmby

Hardcover: https://amzn.to/45X6AQq

Paperback: https://amzn.to/44oPGYP

————————————————————————

Money Philosophies

The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Kindle: https://amzn.to/3FDbO9u

Hardcover: https://amzn.to/4kL3TGi

Paperback: https://amzn.to/44fpkcC

Limited Gift Version: https://amzn.to/4jYomGp

Same as Ever: A Guide to What Never Changes

Kindle: https://amzn.to/3HXBJcp

Hardcover: https://amzn.to/4l7vPno

Paperback: https://amzn.to/4k2ZHRe

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Kindle: https://amzn.to/4lx2a7F

Hardcover: https://amzn.to/4kGX5tf

Paperback: https://amzn.to/3ZEMXsC

————————————————————————

Classic Principles

The Intelligent Investor

Kindle: https://amzn.to/45T9OEv

Hardcover: https://amzn.to/4l4f7W3

Paperback: https://amzn.to/43ZNyXb

Security Analysis, Seventh Edition: Principles and Techniques

Kindle: https://amzn.to/442yKak

Hardcover: https://amzn.to/3TmEEhg

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Collector Edition: https://amzn.to/4lrgWNd

Youtube: https://www.youtube.com/@TheDeepValue

Apple Podcasts: https://podcasts.apple.com/us/podcast/deep-value-investing/id1811057697

Spotify: https://open.spotify.com/show/2XDn2NMbbfvrJiqk9xAqR9?si=YsWJodQKS7CEMq5Twdh_8Q

examines John C. Bogle's life and his foundational book, Enough: True Measures of Money, Business, and Life. It explores Bogle's early life experiences, including his family's financial struggles and his influential Princeton thesis, which laid the groundwork for his revolutionary ideas. The text then details his turbulent career at Wellington Management Company, which ultimately led to his pivotal decision to establish The Vanguard Group with its groundbreaking, investor-owned "mutual" structure and the creation of the first index mutual fund. The analysis further explicates Bogle's core investment philosophy, emphasizing the "tyranny of compounding costs," the distinction between investment and speculation, and his simple, low-cost indexing strategy, while also comparing his approach to that of Warren Buffett and Benjamin Graham. Finally, it provides a deep exploration of Enough's central themes, critiquing excessive costs, speculation, and complexity in finance and business, and advocating for a return to timeless values, highlighting the book's enduring relevance as a moral and philosophical guide for both investing and life.

📚 Value Investing Books Recommendation

————————————————————————

Warren Buffett

The Snowball: Warren Buffett and the Business of Life

Kindle: https://amzn.to/3FVasqy

Hardcover: https://amzn.to/3HIfeZ2

Paperback: https://amzn.to/4kBjUOZ

Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)

Kindle: https://amzn.to/43Vr5dD

Hardcover: https://amzn.to/4n6yNus

Paperback: https://amzn.to/45XBBDL

————————————————————————

Charlie Munger

Poor Charlie’s Almanack

Kindle: https://amzn.to/3Zsw9VB

Hardcover: https://amzn.to/4jMExq7

Collector's Edition: https://amzn.to/3SRgsn7

Tao of Charlie Munger

Kindle: https://amzn.to/4nk0akT

Hardcover: https://amzn.to/44eq8OR

Influence, New and Expanded: The Psychology of Persuasion

Kindle: https://amzn.to/4619DqL

Hardcover: https://amzn.to/40a8TMi

Paperback: https://amzn.to/40gtwq7

————————————————————————

Howard Marks

The Most Important Thing (Uncommon Sense for the Thoughtful Investor)

Kindle: https://amzn.to/3Tqb4Yg

Hardcover: https://amzn.to/3SRyy8A

Paperback: https://amzn.to/45ohdM0

Mastering The Market Cycle: Getting the Odds on Your Side

Kindle: https://amzn.to/3HXPmby

Hardcover: https://amzn.to/45X6AQq

Paperback: https://amzn.to/44oPGYP

Money Philosophies

The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Kindle: https://amzn.to/3FDbO9u

Hardcover: https://amzn.to/4kL3TGi

Paperback: https://amzn.to/44fpkcC

Limited Gift Version: https://amzn.to/4jYomGp

Same as Ever: A Guide to What Never Changes

Kindle: https://amzn.to/3HXBJcp

Hardcover: https://amzn.to/4l7vPno

Paperback: https://amzn.to/4k2ZHRe

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Kindle: https://amzn.to/4lx2a7F

Hardcover: https://amzn.to/4kGX5tf

Paperback: https://amzn.to/3ZEMXsC

Classic Principles

The Intelligent Investor

Kindle: https://amzn.to/45T9OEv

Hardcover: https://amzn.to/4l4f7W3

Paperback: https://amzn.to/43ZNyXb

Security Analysis, Seventh Edition: Principles and Techniques

Kindle: https://amzn.to/442yKak

Hardcover: https://amzn.to/3TmEEhg

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Collector Edition: https://amzn.to/4lrgWNd

Youtube: https://www.youtube.com/@TheDeepValue

Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors 🎗️

Here’s a detailed breakdown of the recently passed “One Big, Beautiful Bill” (H.R. 1)—a sweeping ~900‑page tax‑and‑spending package officially enacted on July 4, 2025:

• Permanent extension of 2017 individual & corporate tax cuts, originally set to expire end of 2025 (en.wikipedia.org).

• State & local tax deduction (SALT cap) raised to $40,000 (for incomes under $500,000), reverting to $10,000 after five years (en.wikipedia.org).

• New deductions:

  • Tips: up to $25,000 (expiring in 2028) (en.wikipedia.org).

  • Overtime pay: same cap and sunset as above (whitehouse.gov).

  • Auto‑loan interest deduction: up to $10,000/year for US‑assembled vehicles bought 2025‑2028 (income restrictions apply) (en.wikipedia.org).

• Child tax credit increased from $2,000 to $2,500 through 2028, then $2,000 afterward (en.wikipedia.org).

• “Trump Accounts”: tax-deferred savings accounts for children, up to $5,000/year with a one-time $1,000 government deposit for children born 2024–2028 (en.wikipedia.org).

• 1% remittance tax: on money sent abroad (en.wikipedia.org).

• Endowment tax hike: on private colleges (en.wikipedia.org).

• Repeals:

  • De minimis import provision (tariff-free for goods under $800) (en.wikipedia.org).

  • Clean energy tax incentives (e.g., solar, wind, EV credits) phased out by 2027 (indiatimes.com).

• Medicaid: historic spending cuts, new eligibility work‑requirements, reduced provider reimbursements (vox.com).

• Creates a $50 billion fund to support rural hospitals, but many warn it’s insufficient (en.wikipedia.org).

• SNAP (food stamps): beneficiaries face work requirements and states must cover 5% of benefits and 75% of admin costs (en.wikipedia.org).

• Projected coverage losses: 10–12 million Americans lose health insurance by 2034; up to 17 million over a decade when including ACA subsidy rollbacks (vox.com).

• Defense: +$150 billion, including investments in drones and new systems like “Golden Dome” air-defense (nypost.com).

• Border security & immigration enforcement:

  • +$150 billion total: $70 billion for border measures (wall, surveillance, staffing) .

  • $100 billion by 2029 for ICE, enabling ~1 million deportations/year (en.wikipedia.org).

• Expands immigration detention and enforcement capacity .

• Debt ceiling raised by $4–5 trillion, matching the scale of the bill (en.wikipedia.org).

• Budget cost: ~$3–4 trillion added to the national deficit over 10 years (CBO originally ~2.4T by 2034; later ~$2.8T–3.4T due to changes) (en.wikipedia.org).

• Critics call it the largest shift of wealth upwards in U.S. history .

• Sunset of clean energy credits: EVs cut by September, then solar/wind by 2027 .

• Rolling back green incentives is expected to reduce clean energy jobs and undercut climate goals(indiatimes.com).

• Senior deduction: up to $6,000 (sunsets 2028) to offset some Social Security taxation (en.wikipedia.org).

• Byrd Rule exclusions: several provisions removed (e.g., firearm silencer tax, environmental rollbacks, Pell grants) to comply with reconciliation rules (en.wikipedia.org).

This bill marks one of the most comprehensive tax-and-spending shifts in U.S. history, viewed by supporters as a growth engine and by critics as a “Reverse Robin Hood”—favoring the wealthy at the expense of low-income Americans, healthcare access, and climate initiatives (en.wikipedia.org).

• Signed into law by President Trump during a July 4 ceremony at the White House (cbsnews.com).

• Implementation rolling out: tax provisions begin immediately; eligibility & cuts phase in over coming years

Robinhood recently launched a new service in Europe that allows customers to trade tokenized versions of U.S. stocks and ETFs, available almost 24/5 and commission-free. This initiative, built initially on the Arbitrum blockchain with plans for a proprietary Robinhood chain, aims to offer economic exposure to both public and private companies, notably OpenAI and SpaceX, through blockchain-backed tokens. While these tokens are designed to mirror stock benefits like dividends, their legal status, especially for private companies, remains ambiguous, with OpenAI explicitly disavowing any partnership or endorsement. The service faces regulatory hurdles, particularly in the U.S., and technical risks associated with blockchain technology, making Europe a testing ground for this innovative yet unproven model of digitized equity trading.

📚 Value Investing Books Recommendation

————————————————————————

Warren Buffett

The Snowball: Warren Buffett and the Business of Life

Kindle: https://amzn.to/3FVasqy

Hardcover: https://amzn.to/3HIfeZ2

Paperback: https://amzn.to/4kBjUOZ

Warren Buffett and the Interpretation of Financial Statements (by Marry Buffett)

Kindle: https://amzn.to/43Vr5dD

Hardcover: https://amzn.to/4n6yNus

Paperback: https://amzn.to/45XBBDL

————————————————————————

Charlie Munger

Poor Charlie’s Almanack

Kindle: https://amzn.to/3Zsw9VB

Hardcover: https://amzn.to/4jMExq7

Collector's Edition: https://amzn.to/3SRgsn7

Tao of Charlie Munger

Kindle: https://amzn.to/4nk0akT

Hardcover: https://amzn.to/44eq8OR

Influence, New and Expanded: The Psychology of Persuasion

Kindle: https://amzn.to/4619DqL

Hardcover: https://amzn.to/40a8TMi

Paperback: https://amzn.to/40gtwq7

————————————————————————

Howard Marks

The Most Important Thing (Uncommon Sense for the Thoughtful Investor)

Kindle: https://amzn.to/3Tqb4Yg

Hardcover: https://amzn.to/3SRyy8A

Paperback: https://amzn.to/45ohdM0

Mastering The Market Cycle: Getting the Odds on Your Side

Kindle: https://amzn.to/3HXPmby

Hardcover: https://amzn.to/45X6AQq

Paperback: https://amzn.to/44oPGYP

————————————————————————

Money Philosophies

The Psychology of Money: Timeless lessons on wealth, greed, and happiness

Kindle: https://amzn.to/3FDbO9u

Hardcover: https://amzn.to/4kL3TGi

Paperback: https://amzn.to/44fpkcC

Limited Gift Version: https://amzn.to/4jYomGp

Same as Ever: A Guide to What Never Changes

Kindle: https://amzn.to/3HXBJcp

Hardcover: https://amzn.to/4l7vPno

Paperback: https://amzn.to/4k2ZHRe

The Almanack of Naval Ravikant: A Guide to Wealth and Happiness

Kindle: https://amzn.to/4lx2a7F

Hardcover: https://amzn.to/4kGX5tf

Paperback: https://amzn.to/3ZEMXsC

————————————————————————

Classic Principles

The Intelligent Investor

Kindle: https://amzn.to/45T9OEv

Hardcover: https://amzn.to/4l4f7W3

Paperback: https://amzn.to/43ZNyXb

Security Analysis, Seventh Edition: Principles and Techniques

Kindle: https://amzn.to/442yKak

Hardcover: https://amzn.to/3TmEEhg

Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor

Collector Edition: https://amzn.to/4lrgWNd

————————————————————————

Youtube: https://www.youtube.com/@TheDeepValue

Apple Podcasts: https://podcasts.apple.com/us/podcast/deep-value-investing/id1811057697

Spotify: https://open.spotify.com/show/2XDn2NMbbfvrJiqk9xAqR9?si=YsWJodQKS7CEMq5Twdh_8Q

Disclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors 🎗️