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  • The Value Case for Moats Beyond Brand and Scale

    The Value Case for Moats Beyond Brand and Scale
    2026/06/08
    In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna drill into a specific question: how do you identify an economic moat that isn't just brand loyalty or cost advantage? They anchor on a 2026 data point—Berkshire Hathaway's B shares up 3.3% in a week when the S&P 500 fell 2.7%—to discuss how moats based on switching costs and regulatory barriers hold up in a downturn. Lucas walks through three non-obvious moat types using real companies: a payments network with high switching costs, a utility with a regulatory moat, and a B2B software firm with high customer retention. Luna challenges whether these moats are durable in an AI-disrupted world. The episode closes with a practical framework: look for gross retention above 95% or regulatory barriers that can't be legislated away overnight. No fluff, just a concrete lens for your next 10-K read. #EconomicMoat #ValueInvesting #BerkshireHathaway #SwitchingCosts #RegulatoryMoat #B2BSoftware #Payments #Utilities #CustomerRetention #GrossRetention #10K #InvestingStrategy #StockPicking #Business #Finance #FexingoBusiness #BusinessPodcast #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo
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    8 分
  • The Value Case for Spin-Offs in 2026

    The Value Case for Spin-Offs in 2026
    2026/06/08
    Lucas and Luna explore why corporate spin-offs can be a rich hunting ground for value investors, using the recent separation of a major industrial conglomerate as a case study. They discuss the structural inefficiencies that often depress spin-off valuations, the track record of spin-off outperformance, and how to identify the ones worth owning. With the S&P 500 down 2.8% in the past week and Berkshire Hathaway up 3.8%, the hosts debate whether spin-offs offer a better risk-reward than the broad market. They also touch on the flat Fed funds rate environment and what it means for spin-off financing. A must-listen for investors looking for overlooked value opportunities. #SpinOffs #ValueInvesting #CorporateRestructuring #BerkshireHathaway #BRK-B #S&P500 #FedFundsRate #Inefficiency #Conglomerate #GE #GeneralElectric #2026 #FexingoBusiness #BusinessPodcast #Finance #Investing #StockPicking #LongTerm Keep every episode free: buymeacoffee.com/fexingo
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    9 分
  • How Value Investors Can Use Option Collars for Income

    How Value Investors Can Use Option Collars for Income
    2026/06/07
    Lucas and Luna explore how value investors can generate income by selling covered calls and buying protective puts on high-quality stocks. Using the current flat rate environment and Berkshire Hathaway's recent moves as context, they explain the mechanics of option collars, the risks of capping upside, and why this strategy fits a market where the S&P 500 is down 2.8% over five days while value stocks like JPMorgan and Bank of America are up over 5%. They walk through a hypothetical collar on Chevron, discuss implied volatility levels, and caution against using options on low-moat stocks. The episode includes a listener support segment. #ValueInvesting #OptionsStrategy #CoveredCalls #ProtectivePuts #OptionCollars #IncomeInvesting #BerkshireHathaway #JPMorgan #Chevron #FlatRateEnvironment #StockMarketJune2026 #S&P500 #DividendStocks #RiskManagement #FexingoBusiness #BusinessPodcast #Finance #LongTermInvesting Keep every episode free: buymeacoffee.com/fexingo
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    8 分
  • How Value Investors Can Profit from the Global Semiconductor Reshoring

    How Value Investors Can Profit from the Global Semiconductor Reshoring
    2026/06/07
    In this episode of The Value Investing Podcast with Fexingo, Lucas and Luna explore a specific value play emerging from the global semiconductor reshoring trend. With the CHIPS Act driving massive capital spending on new fabs in the U.S., Lucas argues that the real value opportunity isn't in the chipmakers themselves, but in the overlooked suppliers—industrial gas companies, wafer fabrication equipment makers, and specialty materials firms. He points to a concrete example: Air Products, an industrial gas supplier that has secured long-term contracts to supply nitrogen and specialty gases for three new fabs in Arizona and Ohio. Lucas explains why these suppliers offer more predictable earnings, higher returns on capital, and lower execution risk than the headline-grabbing chip manufacturers. Luna plays devil's advocate, questioning whether the reshoring wave is durable or just a temporary subsidy-driven spike. They discuss the recent jobs report and the Fed's flat rate policy, and how that environment supports long-duration value stocks. The episode also includes a brief, organic mention of the show's listener-supported model. Tune in for a focused, specific look at a value niche within the biggest industrial buildout since WWII. #SemiconductorReshoring #ValueInvesting #IndustrialGas #AirProducts #CHIPSAct #FabBuildout #WaferFabEquipment #SupplyChain #ReturnOnCapital #FedPolicy #FlatRate #LongDuration #IndustrialRevival #ArizonaFabs #OhioFabs #Finance #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    8 分
  • How Value Investors Should Think About Moats in 2026

    How Value Investors Should Think About Moats in 2026
    2026/06/06
    In Episode 35 of The Value Investing Podcast, Lucas and Luna unpack the concept of economic moats in the current market environment. With the S&P 500 down nearly 3% in the past week and the NASDAQ off 5%, growth stocks are under pressure, and value is rotating back into favor. But not all value is created equal. The hosts examine why a wide-moat business like Berkshire Hathaway — up nearly 4% in five days — is outperforming, while narrow-moat companies in the Russell 2000 are lagging. They discuss how to identify durable competitive advantages using Morningstar's moat framework, and why moat investing has historically beaten the market over a 20-year horizon. The episode drills into specific examples like Coca-Cola's brand moat and KeyCorp's local banking moat, contrasting them with companies that trade at low multiples but lack defensibility. Lucas argues that in a flat rate environment, moat quality matters more than ever, and Luna challenges him on whether investors overpay for safety. The conversation closes with a reflection on how moats can protect against technological disruption — and a reminder that the best moat is often the one you don't have to monitor every quarter. #EconomicMoat #ValueInvesting #BerkshireHathaway #Morningstar #CocaCola #KeyCorp #Russell2000 #S&P500 #NASADOQ #CompetitiveAdvantage #LongTermInvesting #Patience #TechDisruption #FlatRateEnvironment #Finance #Investing #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    8 分
  • How Value Investors Can Profit from the Global Semiconductor Reshoring

    How Value Investors Can Profit from the Global Semiconductor Reshoring
    2026/06/06
    Lucas and Luna explore the value investing angle in the semiconductor manufacturing boom. With the CHIPS Act driving over $200 billion in construction spending and TSMC's Arizona fab now producing chips, Lucas argues that the real value opportunity is not in the headline AI names but in the unglamorous suppliers and infrastructure plays. He points to Applied Materials as a bellwether with a 15x forward earnings and 20% return on invested capital. Luna pushes back on the valuation and questions whether the cycle is peaking. They analyze the competitive moats of capital equipment makers versus foundries, and discuss how Greg Abel might approach this sector. The conversation is grounded in the current market backdrop: the S&P 500 down nearly 3% in a week, while value ETFs like VTV hold steady. A focused look at how patient capital can find margin of safety in the physical buildout of the digital economy. #ValueInvesting #Semiconductors #ChipsAct #AppliedMaterials #TSMC #CapitalEquipment #MarginOfSafety #IndustrialMoats #GregAbel #BerkshireHathaway #Infrastructure #SupplyChain #Technology #Finance #Investing #LongTerm #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    9 分
  • The Value Case for Funeral Homes and Death Care Stocks

    The Value Case for Funeral Homes and Death Care Stocks
    2026/06/05
    In this episode, Lucas and Luna explore why funeral homes and death care services represent a unique value investing opportunity in 2026. With the Federal Reserve holding rates flat and the S&P 500 down 2.8% over the past five days, defensive sectors are back in focus. Lucas breaks down the economics of companies like Service Corporation International (SCI) and Carriage Services, explaining how their predictable cash flows, high barriers to entry, and inflation-protected pricing make them classic Buffett-style moat stocks. They discuss the demographic tailwind from an aging US population, the fragmented industry structure that allows consolidators to buy small operators at low multiples, and how the flat rate environment makes these steady earners more attractive. The conversation also touches on the emotional barrier that keeps many investors away from this sector, and why that creates opportunity for disciplined value investors. #ValueInvesting #DeathCareStocks #FuneralHomes #ServiceCorporationInternational #CarriageServices #DefensiveStocks #Moats #Demographics #AgingPopulation #FlatRateEnvironment #CashFlow #IndustryConsolidation #SCIGlobal #LongTermInvesting #Finance #InvestingPodcast #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo
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    6 分
  • How Berkshire Is Quietly Buying Japan Again

    How Berkshire Is Quietly Buying Japan Again
    2026/06/05
    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 Keep every episode free: buymeacoffee.com/fexingo
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    8 分