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

Berkshire Hathaway is adding to its Japanese trading house positions, and the timing says a lot about how Greg Abel thinks about value today. Lucas and Luna dig into the specific yen-denominated bonds Berkshire just issued, the five trading houses it owns, and why a flat rate environment makes the carry trade work so well for a company with Berkshire's cost of capital. They also connect the dots to the broader softbank and Korean value-up stories — and discuss what happens when the yen finally moves. Plus, a brief moment on how listener support keeps this show ad-free.

#BerkshireHathaway #GregAbel #JapaneseTradingHouses #Mitsubishi #Mitsui #Itouchu #Marubeni #Sumitomo #ValueInvesting #CarryTrade #Yen #WarrenBuffett #Finance #FexingoBusiness #BusinessPodcast #LongTermInvesting #GlobalInvesting #CapitalAllocation

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Lucas and Luna explore the value investing case for prediction markets, sparked by Kalshi building a 'Bloomberg Terminal' for high-end traders. They break down how platforms like Kalshi and Polymarket create arbitrage opportunities, why the SEC's regulatory shift matters, and how a value investor might approach this emerging asset class. With real data on the flat rate environment and market performance, they drill into the specific economics of prediction market liquidity and the Warren Buffett playbook for investing in infrastructure-like businesses. A concrete look at an unconventional value opportunity.

#PredictionMarkets #Kalshi #Polymarket #ValueInvesting #BloombergTerminal #SEC #Arbitrage #AlternativeAssets #Buffett #Munger #FlatRate #Liquidity #Finance #Business #Investing #FexingoBusiness #BusinessPodcast #LongTermPicking

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Lucas and Luna examine an overlooked corner of value investing: closed-end funds trading at deep discounts to net asset value. With the S&P 500 near record highs at 7,554 and the Russell 2000 off 1.5% over the past week, certain CEFs have widened to double-digit discounts. They walk through the mechanics—how discounts arise from investor sentiment, fee structures, and illiquid holdings—and highlight a real example from the municipal bond space, where a fund holding AAA-rated paper trades at a 14% discount. They discuss the risks: leverage, manager risk, and the possibility that discounts persist or widen. But for patient investors, buying a diversified portfolio of quality assets at 85 or 90 cents on the dollar offers a margin of safety that's rare in today's market. Lucas ties it back to Benjamin Graham's original concept of buying a dollar for fifty cents, updated for a flat rate world. The episode closes with a look at how closed-end funds can serve as a value hunter's tool when the broader market looks fully priced.

#ClosedEndFunds #ValueInvesting #NAVDiscount #BenjaminGraham #MunicipalBonds #Leverage #MarginOfSafety #FlatRateEnvironment #S&P500 #Russell2000 #PassiveInvesting #ActiveManagement #FexingoBusiness #BusinessPodcast #Finance #Investing #LongTermPicking #BuffettStyle

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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 June 2026, the case for insurers with large, low-cost float becomes compelling. Lucas breaks down the math on float yield versus cost, and Luna challenges whether the environment is sustainable. A concrete look at a classic value play that's quietly compounding.

#InsuranceFloat #ValueInvesting #FedFundsRate #BerkshireHathaway #Markel #FloatYield #InterestRateEnvironment #CashFlow #Insurance #Compounding #ValueStocks #Finance #Business #FexingoBusiness #BusinessPodcast #InvestingPodcast #LongTermInvesting #Buffett

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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 speculative crypto bets. Lucas walks through the math: a miner's cost to produce one Bitcoin versus the spot price, the post-halving squeeze, and how cheap power contracts create a moat. Luna challenges the sustainability angle and asks whether the market is pricing in an AI pivot. Tying it to value principles, they compare the miners' book values and price-to-earnings ratios to traditional energy and industrials, using real 2026 data. A surprising episode for anyone who thinks value investing ignores crypto.

#BitcoinMining #ValueInvesting #EnergyArbitrage #RiotPlatforms #CleanSpark #CryptoValue #FedRate #BerkshireHathaway #GregAbel #AIEnergyDemand #PostHalving #DistressedAssets #BookValue #PriceToEarnings #Finance #FexingoBusiness #BusinessPodcast #InvestingPodcast

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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 differently in a flat rate environment, and why the market is still pricing the stock like a slow-moving insurance company despite accelerating M&A activity. A must-listen for anyone tracking the evolution of value investing under new leadership.

#GregAbel #BerkshireHathaway #ValueInvesting #Buffett #MergersAndAcquisitions #TechStocks #HomeBuilders #BerkshirePortfolio #MoatInvesting #CashDeployment #FlatRateEnvironment #InsuranceFloat #DealMaking #LongTermValue #Finance #StockMarket #FexingoBusiness #BusinessPodcast

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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 accumulating positions, while Luna questions the governance risks inherent in state ownership. They discuss the specific case of State Bank of India, which has returned over 20 percent annually for three years yet still trades below intrinsic value, and whether the 'value up' reforms India is pursuing could unlock further gains. A deep dive into an overlooked corner of emerging market value.

#IndianPublicSectorBanks #StateBankOfIndia #ValueInvesting #EmergingMarkets #DavidHerro #IndianEquity #PublicSectorUndervaluation #PunjabNationalBank #BankOfBaroda #CanaraBank #ValueUpReforms #NarendraModi #IndiaEconomy #Finance #BusinessPodcast #FexingoBusiness #LongTermPicking #EmergingMarketValue

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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 playbook. Plus, a look at how the flat rate environment is reshaping the housing market and why this deal might be a template for future Berkshire acquisitions. If you want to understand how the next generation of value investors will operate, start here.

#BerkshireHathaway #GregAbel #HomeBuilderAcquisition #ValueInvesting #WarrenBuffett #BookValue #CyclicalStocks #HousingMarket #FlatRateEnvironment #BerkshireCashPile #MoatInvesting #DeepValue #CapitalAllocation #FexingoBusiness #BusinessPodcast #Finance #InvestmentStrategy #LongTermInvesting

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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. With Berkshire shares down 2.4 percent in the past week, the hosts question whether the market is mispricing the conglomerate's latest bet. Specific numbers include the deal's price-to-book ratio, the average age of US housing stock at 40 years, and the Fed funds rate stuck at 3.62 percent. A tight 10-minute value investing case study on cyclical bargains and capital allocation.

#BerkshireHathaway #TaylorMorrison #HomeBuilders #ValueInvesting #WarrenBuffett #BookValue #HousingMarket #CapitalAllocation #MoatInvesting #CyclicalStocks #FlatRateEnvironment #June2026 #FexingoBusiness #BusinessPodcast #Finance #StockMarket #MergersAndAcquisitions #SupplyShortage

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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 these stocks as if gold will crash, creating a potential margin of safety for long-term value investors. They also touch on the risks, including cost inflation and geopolitical exposure, and compare the current setup to other commodity value plays. Using specific valuation metrics like price-to-earnings ratio and free cash flow yield, they explain why gold miners might deserve a place in a diversified value portfolio. The hosts also share a personal note about how listener support via buy me a coffee dot com slash fexingo helps keep the show ad-free and independent.

#GoldMining #ValueInvesting #Newmont #BarrickGold #PreciousMetals #FreeCashFlow #DividendYield #ShareBuybacks #MarginOfSafety #CommodityStocks #GoldPrice #Underfollowed #Contrarian #CashFlowYield #Finance #Investing #FexingoBusiness #BusinessPodcast

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