In this month’s episode of Yet Another Value Podcast, host Andrew Walker reflects on key investing themes from October 2025. He probes Warren Buffett’s late-stage performance, introducing a concept called “risk riding” and considers the unseen risks that may have shaped Buffett’s recent success. Andrew also critiques excessive investor relations spending, explores a tweet on the underappreciated value of averaging up, and questions the mindset behind stocks being “cheaper today than yesterday.”

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[00:00:00] Intro, Buffett, risk riding

[00:02:45] Returns vs risk over time

[00:06:30] Buffett aging, investment impact

[00:12:30] Investor relations overspending

[00:16:55] Gifts, wasteful IR practices

[00:21:20] Tweet on averaging up

[00:24:00] Cheaper today vs yesterday

[00:25:10] Personal update

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