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

In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna dive into the concept of the margin of safety — the cornerstone of Ben Graham's value investing philosophy. Using the current market environment as of July 4, 2026, they explore how to calculate a margin of safety in today's elevated S&P 500 (trading at 7,483) and what it means for stock selection. Lucas breaks down a concrete example using a hypothetical company with $50 million in net current assets and $30 million in market cap, showing how to estimate intrinsic value and build in a buffer. Luna challenges the relevance of the concept in a market where the Dow is near 53,000 and stocks like Berkshire Hathaway (BRK-B at $507.78) seem fairly valued. The episode also touches on how the margin of safety applies to fixed-income and real estate, and why it's still a useful mental model even when bargains are scarce. Practical and grounded, this episode helps you think like Graham without needing a calculator.

#MarginOfSafety #BenGraham #ValueInvesting #IntrinsicValue #StockPicking #BerkshireHathaway #S&P500 #DowJones #MarketValuation #RiskManagement #InvestmentStrategy #FinancialAnalysis #Business #Finance #FexingoBusiness #BusinessPodcast #InvestingPodcast #LongTermInvesting

Keep every episode free: buymeacoffee.com/fexingo

Episode 90 of The Value Investing Podcast with Fexingo dives into the Graham Number—Ben Graham's quick-fire valuation tool that checks if a stock is cheap relative to its earnings and book value. Lucas and Luna walk through the formula, apply it to a real 2026 example (JPMorgan at $334, with earnings per share around $18 and book value near $110), and discuss where it works, where it breaks, and why it pairs well with the Piotroski F-Score (covered last episode). They also touch on the current market environment: the S&P 500 at 7,483, the Dow at 52,900, and value ETFs like IWD up 1.7% in the past five days. Perfect for listeners who want a simple but smart screen for bargain stocks.

#GrahamNumber #BenjaminGraham #ValueInvesting #StockPicking #IntrinsicValue #JPMorgan #EarningsPerShare #BookValue #IWD #S&P500 #PiotroskiFScore #FinancialStocks #Valuation #Business #Finance #Investing #FexingoBusiness #BusinessPodcast

Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna dive into the earnings yield as a core valuation metric for value investors in mid-2026. With the S&P 500 at 7,483 and the Dow at 52,900, earnings yields on indices are compressing. But rather than dwell on the market, the hosts focus on a concrete case: Exxon Mobil (XOM). Trading at $137 with a P/E around 14, its earnings yield is over 7% — well above the 3.63% Fed funds rate. They walk through how to calculate earnings yield, why it beats P/E for comparing stocks to bonds, and how it helps identify undervalued opportunities. Lucas explains the relationship to the Shiller CAPE ratio and warns that a high earnings yield can be a value trap if earnings are deteriorating. Luna pushes back with a real example from the 2022 energy boom, and they debate when earnings yield loses its predictive power. The episode closes with a look at a simple screen: stocks with earnings yields above 8% and low debt. A fresh angle for long-term listeners who already know P/E and P/B.

#EarningsYield #ValueInvesting #XOM #FedFundsRate #CAPE #ShillerPE #BondVsStock #ExxonMobil #EnergySector #2026Markets #StockValuation #ValueTrap #EarningsPerShare #PriceToEarnings #FexingoBusiness #BusinessPodcast #Finance #Investing

Keep every episode free: buymeacoffee.com/fexingo

Episode 88 of The Value Investing Podcast with Fexingo examines the Piotroski F-Score, a 9-point fundamental checklist developed by accounting professor Joseph Piotroski in 2000. Lucas and Luna walk through each criterion—profitability, leverage, operating efficiency—and test it against real market data from early July 2026. They discuss why the F-Score works best for small-cap stocks (the Russell 2000 is down 0.5% this week) and how it can flag turnarounds in beaten-down sectors like energy (Chevron slipped 1.1%). The hosts also look at a recent academic update showing the strategy still outperforms in low-valuation universes. If you want a systematic way to avoid value traps without complex modeling, this episode shows you a pencil-and-paper solution that has stood up for 26 years.

#PiotroskiFScore #JosephPiotroski #ValueInvesting #StockPicking #ValueTraps #SmallCap #Russell2000 #Chevron #ReturnOnAssets #Leverage #OperatingEfficiency #FundamentalAnalysis #QuantitativeValue #FexingoBusiness #BusinessPodcast #Finance #Investing #StockMarket

Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna dive into the mechanics and psychology of share buybacks through a value-investing lens. Using recent market data—including Berkshire Hathaway's buyback activity and JPMorgan's repurchase trends—they discuss when buybacks create value and when they destroy it. They walk through a simple framework for evaluating buyback quality: the buyback yield versus the price-to-book ratio. The conversation touches on the difference between value-creating buybacks (when shares trade below intrinsic value) and value-destroying ones (when management buys high to juice EPS). They also explore how the current interest-rate environment, with the Fed funds rate at 3.63%, influences corporate decisions to buy back shares versus pay down debt or invest in growth. A practical episode for any value investor looking to separate signal from noise in corporate capital-allocation decisions.

#ShareBuybacks #ValueInvesting #BerkshireHathaway #JPMorgan #CapitalAllocation #IntrinsicValue #BuybackYield #PriceToBook #FedFundsRate #CorporateFinance #EPS #StockRepurchase #InvestingStrategy #FinancialAnalysis #Finance #FexingoBusiness #BusinessPodcast #ValueInvestingPodcast

Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast, Lucas and Luna drill into the payout ratio — a metric that reveals whether a company's dividend is sustainable or at risk. With the Fed funds rate flat at 3.63 percent and value stocks like Chevron down nearly 4 percent in the last five days, the hosts examine how payout ratios signal management discipline and financial health. Lucas walks through real-world examples from the S&P 500, explaining why a ratio above 80 percent can be a red flag for value investors, while a ratio between 30 and 60 percent often indicates room for growth. Luna pushes back on whether a low payout ratio always means safety, pointing to banks like JPMorgan and Bank of America that keep ratios deliberately low due to regulatory capital requirements. The episode also touches on how payout ratios interact with free cash flow and why energy companies with volatile earnings require extra scrutiny. Listeners will learn one concrete analytical tool they can use to evaluate any dividend stock in their portfolio today.

#ValueInvesting #PayoutRatio #DividendInvesting #StockMarket #Finance #Investing #LucasAndLuna #FexingoBusiness #BusinessPodcast #S&P500 #Chevron #JPMorgan #BankOfAmerica #DividendSafety #FinancialAnalysis #FreeCashFlow #EnergyStocks #FedFundsRate

Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast, Lucas and Luna explore the value of insider buying as a signal in 2026. They discuss how investors can distinguish between routine insider selling and meaningful buying, drawing on data from Berkshire Hathaway and JPMorgan Chase. The hosts analyze recent insider transactions at companies like CVX and PFE, and explain why a CEO buying shares with their own cash can be a more powerful indicator than any analyst upgrade. They also touch on the broader market context, with the S&P 500 up 1.7% over the past week and the Magnificent 7 stocks struggling. Perfect for value investors looking to add a qualitative edge to their quantitative toolkit.

#ValueInvesting #InsiderBuying #BerkshireHathaway #JPMorganChase #Finance #Business #FexingoBusiness #BusinessPodcast #StockMarket #Investing #CEO #InsiderTransactions #WarrenBuffett #JamieDimon #CVX #PFE #S&P500 #MagnificentSeven

Keep every episode free: buymeacoffee.com/fexingo

Lucas and Luna explore the price to book ratio as a value investing tool in the current market, using Berkshire Hathaway's recent buybacks and JPMorgan's current valuation as case studies. They discuss why book value matters, how to adjust for intangible assets, and why P/B is particularly relevant in a rising rate environment. With the S&P 500 at 7,499 and the Dow above 52,000, the hosts examine whether traditional value metrics still work. Lucas explains the difference between tangible book and GAAP book, and why financial stocks like banks are the best candidates for P/B analysis. A practical episode for investors looking to add a classic Graham-and-Dodds metric to their toolkit.

#PriceToBook #ValueInvesting #BookValue #BerkshireHathaway #JPMorgan #FinancialStocks #BenjaminGraham #IntangibleAssets #TangibleBook #StockValuation #ValueStocks #IWD #VTV #DividendInvesting #Buyback #Finance #FexingoBusiness #BusinessPodcast

Keep every episode free: buymeacoffee.com/fexingo

In this episode, Lucas and Luna explore the asset turnover ratio—a metric often overlooked by growth investors but crucial for value investors seeking operational efficiency. Using recent market data (small-cap surge, Michael Burry shorting Caterpillar), they explain how asset turnover reveals whether a company generates sufficient revenue from its assets. Lucas breaks down the ratio calculation with a real-world example: a regional bank versus a discount retailer. They discuss why high asset turnover can signal a competitive moat, and how it complements metrics like ROIC and free cash flow yield. Luna challenges the assumption that low asset turnover is always bad, citing capital-intensive industries. The conversation ties back to the current environment where small caps are outperforming, suggesting that asset-light models may be overvalued. A practical episode for value investors looking to sharpen their toolkit.

#AssetTurnoverRatio #ValueInvesting #FinancialRatios #SmallCaps2026 #BurryShortCaterpillar #ROIC #OperationalEfficiency #BenjaminGraham #LucasAndLuna #FexingoBusiness #BusinessPodcast #Finance #InvestingPodcast #StockAnalysis #AssetLight #CapitalIntensive #CompetitiveMoat #LongTermInvesting

Keep every episode free: buymeacoffee.com/fexingo

In this episode of The Value Investing Podcast, Lucas and Luna explore why the cash flow statement is the most reliable document for value investors—not the income statement. They walk through a real example using Cisco in fiscal 2025 to show how cash from operations, capital expenditures, and free cash flow reveal the true earning power of a business. They compare Cisco's free cash flow yield of about 9% against its P/E ratio of roughly 13, and discuss how reinvestment in R&D and acquisitions affects long-term value. The hosts also reference current market data: the S&P 500 at 7,440 and the Russell 2000 at 3,010, and note that Berkshire Hathaway has generated over $40 billion in free cash flow over the last twelve months. A natural donation segment ties the topic of financial clarity to supporting the show. Perfect for anyone who wants to cut through accounting noise and focus on cash.

#ValueInvesting #CashFlowStatement #Cisco #FreeCashFlow #BerkshireHathaway #EarningsQuality #FinancialAnalysis #InvestingPodcast #FexingoBusiness #BusinessPodcast #S&P500 #Russell2000 #WarrenBuffett #CashFromOperations #CapitalExpenditures #Depreciation #StockBuybacks #Acquisitions

Keep every episode free: buymeacoffee.com/fexingo