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 how value investors can build a high-dividend portfolio in the current rate environment. With the Fed funds rate at 3.63 percent and banks like JPMorgan launching massive buybacks after stress tests, the hosts dig into the trade-off between yield and safety. They discuss JPMorgan's new $50 billion buyback, how dividend stocks compare to bonds, and why Johnson & Johnson and Procter & Gamble remain dividend aristocrats. Lucas explains the concept of dividend coverage ratio and why a payout ratio above 80 percent is a red flag. Luna raises the question of dividend growth vs. high yield, and they debate whether a stock like Pfizer, down 7 percent in a week, still offers a safe dividend. The episode also covers the role of REITs and utilities in a value portfolio, and how to use dividend reinvestment to compound returns. A thoughtful look at income investing through a value lens, grounded in June 2026 data.

#ValueInvesting #DividendInvesting #HighDividend #JPMorgan #Pfizer #FedRate #Buyback #DividendAristocrats #JohnsonAndJohnson #ProcterAndGamble #REITs #Utilities #IncomeInvesting #DividendCoverage #PayoutRatio #Finance #FexingoBusiness #BusinessPodcast

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In this episode, Lucas and Luna explore how value investors can use insider buying as a signal in today's market. They discuss a recent study showing that stocks with concentrated insider purchases outperform by over 10% annually, and look at specific examples including Pfizer and Bank of America. Lucas explains the key distinctions — what to look for versus what to ignore — and why insider buying by founders carries more weight than by C-suite executives. The conversation is grounded in current data, noting Pfizer's 5.1% drop over the past week and BAC's insider filings. They also touch on the broader market backdrop with the S&P 500 down 1.9% over five days. A practical guide for investors wanting to incorporate insider transactions into their value toolkit.

#InsiderBuying #ValueInvesting #StockPicking #Pfizer #BankOfAmerica #CorporateInsiders #SECFilings #FounderOwned #LongTermInvesting #MarginOfSafety #MarketSignals #Business #Finance #FexingoBusiness #BusinessPodcast #InvestmentStrategy #InsiderTransactions #CapitalAllocation

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In this episode of The Value Investing Podcast, Lucas and Luna dive into the DuPont analysis framework and how it applies to today's market environment. Using Berkshire Hathaway and JPMorgan as examples, they show how breaking down return on equity into its components—profit margin, asset turnover, and financial leverage—can uncover hidden strengths and weaknesses. With the S&P 500 down nearly 2% over the past week and the Russell 2000 up 1.2%, they explore what the DuPont decomposition reveals about quality and risk in large-cap versus small-cap stocks. Lucas walks through a real-world calculation for JPMorgan, while Luna challenges whether high leverage always signals danger. The episode also touches on how the current Fed funds rate at 3.63% affects each component. If you've ever wondered why two companies with identical ROEs can be vastly different investments, this episode provides a clear, practical explanation.

#ValueInvesting #DuPontAnalysis #ReturnOnEquity #BerkshireHathaway #JPMorgan #FinancialLeverage #AssetTurnover #ProfitMargin #BenjaminGraham #WarrenBuffett #StockPicking #LongTermInvesting #SmallCaps #Russell2000 #FedPolicy #InterestRates #FexingoBusiness #BusinessPodcast

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Following Alan Greenspan's passing at age 100, Lucas and Luna revisit the former Fed chair's often-overlooked influence on value investing. They discuss how Greenspan's low-rate era compressed discount rates and inflated asset prices, forcing value investors to adapt their margin-of-safety calculations. Using current data—Fed funds at 3.63%, the Russell 2000 up 1.3% in five days—they explore whether today's rate regime is returning to a more value-friendly environment. They also draw parallels between Greenspan's 'irrational exuberance' speech in 1996 and the current tech-heavy market that still trades at elevated multiples. A timely reflection on how macro policy shapes the value investor's toolkit.

#AlanGreenspan #ValueInvesting #FederalReserve #InterestRates #MarginOfSafety #DiscountRate #IntrinsicValue #Russell2000 #SmallCaps #FedFunds #IrrationalExuberance #LucasAndLuna #FexingoBusiness #BusinessPodcast #Finance #LongTermInvesting #StockMarket #MacroEconomics

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In this episode, Lucas and Luna explore the EV-to-EBITDA multiple as a valuation tool for value investors in mid-2026. They contrast it with the traditional price-to-earnings ratio using a concrete example: ExxonMobil, trading at $138.47, down nearly 2% over the past week despite rising geopolitical tensions in the Strait of Hormuz. Lucas explains how EV-to-EBITDA strips out capital structure differences and depreciation distortions, making it particularly useful for capital-intensive industries like energy. He walks through ExxonMobil's enterprise value of roughly $420 billion against trailing EBITDA of about $74 billion, yielding a multiple near 5.7—well below the S&P 500's average of around 13. Luna questions whether the discount is justified by risks like energy transition and Iran peace talks, and Lucas pushes back, arguing that a 5.7x multiple already prices in a harsh scenario. They also reference Chevron at a similar 5.4x multiple and the broader market's 1.1% decline over five days. The episode closes with a reflection on how EV-to-EBITDA can help investors find margin of safety in unloved sectors.

#EVtoEBITDA #ValueInvesting #ExxonMobil #Chevron #EnergySector #Valuation #MarginOfSafety #EnterpriseValue #EBITDA #S&P500 #GeopoliticalRisk #IranPeaceTalks #CapitalIntensive #Depreciation #FinancialAnalysis #FexingoBusiness #BusinessPodcast #Investing2026

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Lucas and Luna dive into the DuPont analysis, a powerful framework for dissecting return on equity. Using real data from ExxonMobil's recent 6.3% weekly drop and Chevron's 7.3% slide, they show how the three-part DuPont formula reveals whether a company's ROE comes from operational strength, smart asset use, or financial leverage. Lucas walks through the math with an example from a hypothetical utility versus a retailer, then applies it to energy giants in the current rate environment where the Fed funds rate sits at 3.63%. They discuss why the DuPont decomposition helps value investors avoid overpaying for leveraged returns and how it complements the Graham number and earnings power value methods covered in prior episodes. A practical, numbers-driven episode for anyone who wants to see beneath the surface of a single ratio.

#DuPontAnalysis #ValueInvesting #ReturnOnEquity #ExxonMobil #Chevron #FinancialLeverage #ProfitMargin #AssetTurnover #ROE #EnergyStocks #FedRates #StockAnalysis #InvestingStrategy #FexingoBusiness #BusinessPodcast #Finance #LongTermInvesting #BenjaminGraham

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In episode 65 of The Value Investing Podcast, Lucas and Luna break down the Earnings Power Value (EPV) method — a Graham-and-Dodd approach that normalizes earnings and strips out growth assumptions. Using Pfizer (PFE, down to $25.21) as a live case study, Lucas walks through how to calculate EPV, why it's useful for mature or distressed companies, and how it compares to DCF. Luna pushes back on normalization choices and questions whether EPV works for commodity businesses. The hosts also touch on the current Fed rate environment (3.63%) and why EPV can be a sanity check in a market where the S&P 500 sits near 7,500. Recommended for value investors who want a practical, margin-of-safety framework without forecasting earnings far into the future.

#EarningsPowerValue #ValueInvesting #EPV #Pfizer #PFE #GrahamAndDodd #BruceGreenwald #IntrinsicValue #FedFundsRate #S&P500 #MarginOfSafety #NormalizedEarnings #DistressedInvesting #Finance #FexingoBusiness #BusinessPodcast #LongTermInvesting #StockAnalysis

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In this episode of The Value Investing Podcast, Lucas and Luna dive into the payout ratio as a signal for value investors in mid-2026. With yields tight amid a Fed holding at 3.63 percent, they examine how companies like ExxonMobil and Chevron, down 6.3 and 7.3 percent over the past week, are using dividends and buybacks to signal capital discipline. Lucas points to a Graham-era framework for interpreting payout ratios, and Luna questions whether the metric still works in a world where buybacks have overtaken dividends. They walk through a concrete example: a traditional 50 percent payout ratio versus a combined 70 percent payout that includes buybacks. The conversation ties directly to the current market, with the S&P 500 at 7,501 and the Dow at 51,565, arguing that a disciplined payout policy can be a margin-of-safety indicator. No ads, just a clear framework for evaluating capital return strategies.

#PayoutRatio #DividendInvesting #ShareBuybacks #ValueInvesting #BenjaminGraham #ExxonMobil #Chevron #CapitalDiscipline #FedRates #SP500 #DowJones #DividendYield #TotalPayout #FexingoBusiness #BusinessPodcast #Finance #LongTermInvesting #MarginOfSafety

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Lucas and Luna drill into the specific mechanics of share buybacks as a signal for value investors — when they work, when they don't, and how to read the fine print. Using Exxon Mobil's recent 6.3% weekly drop and its active buyback program as a live case, they walk through the key metrics: buyback yield, debt-adjusted free cash flow, and insider selling patterns. They also touch on Berkshire Hathaway's buyback discipline and what JPMorgan's steady repurchases say about management's confidence at current prices. No theory — just a practical framework you can apply this week.

#ShareBuybacks #ValueInvesting #ExxonMobil #BerkshireHathaway #JPMorgan #BuybackYield #CashFlow #InsiderSelling #CapitalAllocation #StockBuyback #InvestingStrategy #Finance #FexingoBusiness #BusinessPodcast #Podcast #LucasAndLuna #ValueStocks #LongTermInvesting

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Lucas and Luna explore the price-to-book ratio, a cornerstone of value investing, through the lens of current markets. With the S&P 500 near 7,500 and the Fed holding rates at 3.63%, they examine why book value matters more than ever—especially for banks like Bank of America trading at a discount. They drill into ExxonMobil's recent 6.3% drop and how P/B reveals hidden value in distressed sectors. Plus, a look at how Buffett uses P/B to find safety in volatile markets like this June 2026 landscape. No hype, just numbers and strategy.

#PriceToBook #ValueInvesting #LucasAndLuna #BookValue #BankOfAmerica #ExxonMobil #FedRates #S&P500 #BenjaminGraham #WarrenBuffett #IntrinsicValue #MarginOfSafety #FinancialStocks #EnergyStocks #2026Markets #BusinessPodcast #FexingoBusiness #Finance

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