Shows
Deep Value Investing💳 Is PayPal Undervalued? A Deep Dive into PYPL’s Intrinsic ValueThis analysis provides a comprehensive overview of PayPal Holdings (PYPL), detailing its business model as a digital payments platform generating most revenue from transaction fees. It identifies key risks such as regulatory challenges, economic fluctuations, intense competition, and cybersecurity threats. The report also breaks down PayPal's cost structure, highlighting significant payment transaction expenses and other operational costs. Furthermore, it examines the management team, top shareholders, and governance practices, including extensive share buyback programs. Finally, the analysis offers an intrinsic value estimate using the Buffett method, reviews recent quarterly results, and summarizes ten-year financial trends and ratios, concluding that PayPal exhibits strong c...2025-07-2619 minDeep Value Investing🚨 Buffett Indicator at 110% ‼️ Shiller PE at 38 ‼️ Housing Reveal All! Markets Are Screaming Overvaluation ⚠️This episode offer an in-depth analysis of key market indicators, revealing current economic conditions and potential future trends. They highlight that stock market valuations, as measured by the Buffett Indicator and Shiller CAPE Ratio, are at historically high levels, suggesting overvaluation and potentially lower future returns. Furthermore, the housing market, tracked by the Case-Shiller Index, shows record-high prices that continue to defy gravity, although future affordability concerns due to rising mortgage rates are noted. The texts also discuss the re-inversion of the 2-10 year Treasury yield curve, which historically precedes recessions, signaling continued cyclical risk despite the positive spread. Overa...2025-07-2532 minDeep Value Investing📈 Alphabet (GOOGL) Earnings Report Deep Dive (Q2 2025) ⚠️This extensive financial research report offers a comprehensive overview of Alphabet Inc. (GOOGL/GOOG), focusing on its business model, financial performance, and market position. It presents detailed quarterly earnings for Q2 2025, highlighting strong revenue and net income growth driven by Google Search and Cloud services. The document further explores Alphabet's revenue streams, its dominant market presence across various platforms, and the short and long-term risks the company faces, including regulatory scrutiny and competitive pressures in the AI landscape. Additionally, it provides an in-depth analysis of Alphabet's cost structure, the composition and performance of its management team, the impact of its top sha...2025-07-2421 minDeep Value InvestingQ1 Earnings Reports for Top 50 CorporationsDisclaimer: All analysis is based on publicly available sources and may be subject to revisions or differing interpretations. The content is for educational purposes only and does not constitute investment advice. Conduct your own due diligence before making investment decisions. Like and Subscribe us on Apple, Spotify Podcasts or Youtube channel: Deep Value Investing! Don’t forget to take the book list of value investing from the episode description! ❤️To support us and bring a Buffett Indicator App alive: https://www.gofundme.com/f/turning-buffetts-wisdom-into-a-daily-tool-for-investors 🎗️📚 Value Investing Books RecommendationWarren Buffett...2025-07-2419 minDeep Value Investing🚗 TSLA Earnings Report Deep Dive (Q2 2025) ⚠️This financial analysis provides a comprehensive overview of Tesla (TSLA), examining its Q2 2025 earnings which showed declining revenue and deliveries but highlighted strategic pivots toward Robotaxi services and new affordable EV models. The document details Tesla's business model, primarily driven by automotive sales with a smaller but growing energy segment, and outlines both short-term headwinds like macroeconomic pressures and long-term risks such as sustained margin compression. It breaks down Tesla's cost structure, emphasizing high fixed costs balanced by decreasing per-unit variable costs, and assesses the management team, led by Elon Musk, alongside shareholder composition and voting dynamics. Finally, the analysis utilizes W...2025-07-2425 minDeep Value Investing🚀 DIDIY Business Intelligence: Financial, Valuation, and Risk AnalysisThis episode offers a comprehensive overview of Didi Global's business model, financial performance, and future outlook. It details Didi's primary revenue sources from ride-hailing in China and internationally, alongside "other initiatives." The analysis outlines key risks such as regulatory scrutiny, economic downturns, and increasing competition, while also examining the company's cost structure, distinguishing between fixed and variable expenses. Furthermore, the document assesses management and governance, including leadership, shareholder structure, and recent share buyback initiatives, concluding with a financial evaluation highlighting growth trends, valuation metrics, and a discounted cash flow analysis suggesting potential undervaluation.Disclaimer: All analy...2025-07-2307 minDeep Value InvestingClaude AI vs. Wall Street: Who Wins the Future of Finance?This episode examines the strategic integration of Claude AI into the financial services industry, contrasting its capabilities with those of human financial advisors. It details Claude AI's architectural advantages, such as its large context window and Constitutional AI framework, which enhance its ability to process complex financial documents and ensure safety. The sources emphasize that while AI excels at data analysis and automation, it serves as an augmentation tool, not a replacement, for human advisors who retain irreplaceable strengths in emotional intelligence, nuanced judgment, and fiduciary accountability. Finally, the text explores the significant risks associated with AI deployment, including hallucin...2025-07-2325 minDeep Value Investing📈 Russell 2000 at Record Discount: Small-Cap Goldmine or Value Trap? A Better Play Than S&P500 From Now On?The provided source offers an institutional analysis of the Russell 2000 index, a key barometer for the U.S. domestic economy due to its composition of smaller, domestically focused companies. It critically examines the Russell 2000's valuation, particularly its Price-to-Earnings (P/E) ratio, highlighting the challenges posed by the significant number of unprofitable companies within the index and suggesting alternative, more reliable metrics. The source contrasts the Russell 2000's current historically low valuation against the S&P 500, attributing this wide gap to factors like interest rate sensitivity, credit conditions, economic cycle susceptibility, and the large-cap market's dominance by "Magnificent Seven" tec...2025-07-2336 minDeep Value InvestingASML Business Intelligence: Financial, Valuation, Risk AnalysisThis comprehensive financial overview examines ASML, a dominant supplier of semiconductor lithography systems, detailing its business model, customer base, and market position. It analyzes both short-term headwinds, such as geopolitical risks and supply chain issues, and long-term structural risks, including potential competition and the slowing of Moore's Law. The document also explores ASML's financial health, scrutinizing its cost structure, management team, shareholder activity, and consistent share buyback programs. Finally, it evaluates the company's valuation, noting its high profitability and strong balance sheet but concluding that its stock is currently priced for high growth, suggesting it may not meet traditional "value...2025-07-2116 minDeep Value Investing💰 Dollar-Cost Averaging EXPOSED: Stop Timing the Market—Turn Volatility into Profit 💰This episode offers a comprehensive analysis of Dollar-Cost Averaging (DCA), an investment strategy that involves investing fixed sums at regular intervals, regardless of asset price, to mitigate market volatility and reduce timing risk. It explores the core principles, benefits (such as reducing emotional investing and fostering discipline), and various strategic variations like Value Averaging and Enhanced DCA. The sources also critically compare DCA's performance against Lump-Sum Investing (LSI) across different market conditions, generally finding LSI superior in bull markets but DCA advantageous in volatile or bear markets due to its cost-averaging effect and psychological benefits. Finally, the text examines DCA's ap...2025-07-2024 minDeep Value Investing🏠 Case-Shiller vs FHFA: Which Index Should Home Buyers Trust in 2025? Should you buy the dip?This episode provided sources offer a comprehensive overview of the S&P CoreLogic Case-Shiller Home Price Index, detailing its origins, methodology, and significance as a leading indicator for the U.S. housing market. They explain how the index utilizes a repeat-sales method to track price changes of the same properties over time, aiming to provide a "constant-quality" measure free from compositional bias. The texts also highlight the index's various components (National, 10-City, 20-City, and individual metro indices) and discuss its market implications, particularly its use in financial derivatives. Furthermore, the sources critically examine the index's limitations, such as publication lag, exclus...2025-07-1922 minDeep Value InvestingMunger vs Buffett: The Index-Fund Face-Off You Never KnewThis episode examines Charlie Munger's complex and often contradictory stance on index funds, contrasting it with Warren Buffett's strong advocacy for them. Munger, a critic of high-fee active management, nevertheless viewed passive investing as an abdication of individual intelligence and a threat to the efficient allocation of capital, leading to systemic risks and an unhealthy concentration of corporate power in the hands of a few large asset managers. Conversely, Buffett championed index funds as the most sensible and pragmatic option for the majority of investors due to their low costs and ability to consistently outperform most active managers over time, repr...2025-07-1817 minDeep Value InvestingBlock Inc. (XYZ) Square Business Intelligence：Financials, Valuation, Risks AnalysisThis financial research paper offers an in-depth analysis of Block Inc. (formerly Square), a fintech company operating the Square merchant services and Cash App consumer ecosystems, alongside Afterpay and TIDAL. It examines Block's business model, detailing its revenue sources primarily from transaction fees and subscriptions, and identifies both short-term macroeconomic headwinds and long-term structural risks such as regulatory scrutiny and market competition. The paper breaks down Block's cost structure, distinguishing between variable and fixed expenses, and evaluates the management team's tenure, integrity, and alignment with shareholder interests. Finally, it analyzes major shareholders, share buyback history, and value investor activity before presenting a...2025-07-1718 minDeep Value Investing🧠 Howard Marks: 🫧 On Bubble Watch 2025 Market AnalysisThis episode analyzes Howard Marks' 2025 memo, "On Bubble Watch," which offers a sophisticated framework for assessing market risk and investor psychology. Marks defines a bubble as a "state of mind,"emphasizing its psychological rather than purely quantitative nature. The analysis details several cautionary signs in the 2025 market, including extreme concentration in a few large stocks, elevated valuations, and the powerful influence of the "newness" narrative surrounding Artificial Intelligence. However, it also highlights Marks' balanced approach by presenting counterarguments, acknowledging the exceptional quality of today's market leaders and the absence of the most extreme speculative behaviors seen in past bubbles. Ultimatel...2025-07-1735 minDeep Value Investing📈 Is Oracle Still a Smart Buy? Warren Buffett-Style Valuation Explained! ROIC, FCF, and Buyback Strategy Revealed!This episode offers a deep financial analysis of Oracle Corporation, covering its business model across cloud services, software licensing, hardware, and consulting. It examines short and long-term risks like intense cloud competition and the challenges of integrating acquisitions, alongside Oracle's cost structure dominated by fixed expenses in R&D and cloud infrastructure. The text also assesses Oracle's management team and governance, highlighting their credibility, capital allocation strategies (especially aggressive share buybacks and dividends), and the significant influence of founder Larry Ellison's ownership. Finally, it provides a detailed financial breakdown with valuation, cash flow, and balance sheet metrics, applying a Warren Buffett...2025-07-161h 08Deep Value InvestingGraham vs Munger⚡️: Has Value Investing Outgrown Its Father? From Cigar-Butt” to Wonderful CompaniesThis episode offers a comprehensive comparison of two pivotal figures in investment philosophy: Benjamin Graham, considered the father of value investing, and Charlie Munger, who profoundly evolved its modern application. It explains how Graham's approach, shaped by the Great Depression, prioritized quantitative metrics, capital preservation, and a "margin of safety" based on price, often leading to the acquisition of "cigar-butt" companies at deep discounts. In contrast, the text highlights Munger's expansion of value investing to focus on "wonderful companies at fair prices,"emphasizing qualitative factors like durable competitive advantages, or "moats," and the importance of a multidisciplinary "latticework of mental mo...2025-07-1518 minDeep Value InvestingLayoff Gold Rush 2025❤️🔥: Cashing In on Corporate Downsizing. The Wild Math Behind Tech’s Big PurgeThis episode examines the financial implications and cost-benefit analysis of large-scale employee layoffs by major S&P 500 companies, particularly in the technology sector, from 2020 to 2025. It details the significant human resources costs incurred during layoffs, such as severance pay, extended benefits, and legal fees, using examples from Meta, Alphabet, Amazon, Microsoft, and Tesla. The document also explains how these one-time expenses are recorded as "restructuring charges" on financial statements, impacting short-term earnings but often leading to long-term savings through reduced operational costs. Ultimately, the sources highlight that companies view layoffs as a strategic investment to enhance future profitability and effi...2025-07-1416 minDeep Value InvestingBloomberg Terminal ExplainedThis episode offers a comprehensive overview of the Bloomberg Terminal, examining its historical evolution from a dedicated hardware system to a sophisticated software application, emphasizing its architecture, core components, and extensive data universe across various asset classes. It then aligns the Terminal's capabilities with the tenets of value investing, detailing a multi-stage workflow for investors to conduct macroeconomic analysis, screen for opportunities, perform deep fundamental research, and assess competitive advantages using specific Bloomberg functions. Finally, the text presents a cost-benefit calculus of the Terminal's substantial expense, contrasting it with competitors like Refinitiv Eikon and FactSet, and a newer generation of lower...2025-07-1424 minDeep Value Investing💸Cash Is King💸: The Metric Wall Street Doesn’t Want You to Ignore, Net Income vs FREE Cash Flow: The Real Profit Test!This episode offers a comprehensive analysis of two crucial financial metrics: Net Income and Free Cash Flow, explaining their distinct purposes and calculation methods. It highlights that while Net Income measures accounting profitability based on accrual principles, Free Cash Flow reveals a company's actual cash-generating ability, critical for investments and shareholder returns. The sources illustrate how non-cash charges, capital expenditures, and working capital changes create differences between these metrics, using case studies of major S&P 500 companies to demonstrate real-world applications and industry-specific variations. Ultimately, the text advocates for a dual-lens approach to financial analysis, emphasizing that understanding both Net Inco...2025-07-1323 minDeep Value InvestingMeta Platforms: Valuation and Financial Analysis (July-2025)This episode provides an in-depth analysis of Meta Platforms (META), detailing its advertising-driven business model, which accounts for approximately 98% of its revenue, and its vast global user base. The document explores short-term and long-term risks such as regulatory pressures, market saturation, and competition, while also outlining Meta's cost structure, noting significant investments in R&D and infrastructure like Reality Labs. It offers a comprehensive look at the management team, corporate governance, and shareholder structure, emphasizing Mark Zuckerberg's majority voting control. Furthermore, the text examines Meta's substantial share buyback program and the investment activities of notable value investors, concluding with a detailed...2025-07-1231 minDeep Value InvestingEnough☞: True Measures of Money, Business, and Life - John Bogleexamines John C. Bogle's life and his foundational book, Enough: True Measures of Money, Business, and Life. It explores Bogle's early life experiences, including his family's financial struggles and his influential Princeton thesis, which laid the groundwork for his revolutionary ideas. The text then details his turbulent career at Wellington Management Company, which ultimately led to his pivotal decision to establish The Vanguard Group with its groundbreaking, investor-owned "mutual" structure and the creation of the first index mutual fund. The analysis further explicates Bogle's core investment philosophy, emphasizing the "tyranny of compounding costs," the distinction between investment and speculat...2025-07-1214 minDeep Value Investing🇺🇸Big, BEAUTIFUL Bill🇺🇸—Tax Cuts vs. Safety Nets EXPLAINED! 💸Here’s a detailed breakdown of the recently passed “One Big, Beautiful Bill” (H.R. 1)—a sweeping ~900‑page tax‑and‑spending package officially enacted on July 4, 2025:Permanent extension of 2017 individual & corporate tax cuts, originally set to expire end of 2025 (en.wikipedia.org).State & local tax deduction (SALT cap) raised to $40,000 (for incomes under $500,000), reverting to $10,000 after five years (en.wikipedia.org).New deductions:Tips: up to $25,000 (expiring in 2028) (en.wikipedia.org).Overtime pay: same cap and sunset as above (whitehouse.gov).Auto‑loan interest deduction: up to $10,000/year for US‑assembled veh...2025-07-1119 minDeep Value Investing📈Robinhood's Blockchain Ambition: Tokenizing Private Company Shares⁉️Robinhood recently launched a new service in Europe that allows customers to trade tokenized versions of U.S. stocks and ETFs, available almost 24/5 and commission-free. This initiative, built initially on the Arbitrum blockchain with plans for a proprietary Robinhood chain, aims to offer economic exposure to both public and private companies, notably OpenAI and SpaceX, through blockchain-backed tokens. While these tokens are designed to mirror stock benefits like dividends, their legal status, especially for private companies, remains ambiguous, with OpenAI explicitly disavowing any partnership or endorsement. The service faces regulatory hurdles, particularly in the U.S., and technical risks associ...2025-07-1015 minDeep Value Investing⚠️ Circle (CRCL): A Valuation Beyond Perfection ⚠️This episode provides a comprehensive financial overview of Circle (CRCL), a fintech company primarily known for issuing the USD Coin (USDC) stablecoin, detailing its business model of earning interest on stablecoin reserves and its efforts to diversify revenue. It examines Circle's customer base and the significant growth of USDC circulation, which directly impacts its income. The text then addresses various short-term and long-term risks, including interest rate fluctuations, regulatory changes, and competition. Additionally, the analysis explores Circle's cost structure, dominated by partner revenue-sharing, and assesses the management team's alignment with shareholder interests, before concluding with a detailed intrinsic valuation (DCF) that sug...2025-07-0916 minDeep Value Investing🚀 AI Stock Agents Already Beats Wall Street? MIT TradingAgents Framework Exposed!This episode collectively describe TradingAgents, an innovative open-source multi-agent framework developed by UCLA and MIT for simulated stock trading. This system employs specialized LLM-powered agents such as fundamental, sentiment, news, and technical analysts, alongside bullish and bearish researchers, a trader, and risk managers, all collaborating through structured communication to make informed investment decisions. The framework, built on LangGraph, can utilize various LLMs (defaulting to OpenAI's models but configurable for local or alternative LLMs like Google Gemini) and integrates financial data APIs. While adaptable to various strategies, including value investing through configuration adjustments and agent weighting, its operation involves significant API costs...2025-07-0959 minDeep Value InvestingShiller P/E ‼️: 📉 Crash Predictor or Overhyped? | History, Myths & How to Use It TodayThis episode offer a comprehensive overview of the Shiller PE ratio, a key metric for valuing the stock market over the long term. They begin by tracing its intellectual origins from Graham and Dodd's concept of smoothed earnings to Robert Shiller and John Campbell's formal application to the S&P 500, explaining its calculation and primary advantage in reducing earnings volatility for a clearer valuation picture. The text then presents the ratio's historical record of predicting market declines, citing examples from the 1929 crash to more recent downturns, and quantitatively demonstrates its strong correlation with subsequent long-term returns. Finally, the sources criticall...2025-07-0823 minDeep Value InvestingThe Almanack of Naval Ravikant 📖: Wisdom of Wealth and HappinessThis episode offer an extensive analysis of "The Almanack of Naval Ravikant," a book that compiles the insights of entrepreneur and investor Naval Ravikant on wealth and happiness. They explain that Ravikant, often called the "Angel Philosopher," proposes that these two life goals are interdependent and learnable skills, rather than products of luck. The sources detail his framework, which distinguishes wealth from money and status, and outlines four pillars for wealth creation: specific knowledge, accountability, leverage, and equity, all driven by good judgment and long-term thinking. Furthermore, they elaborate on his approach to happiness as a learnable skill, emphasizing...2025-07-0721 minDeep Value Investing📈Robinhood (HOOD) Business Model, Financial, Valuation, Risk AnalysisThis episode comprehensive financial analysis of Robinhood (HOOD), a financial services company known for its commission-free trading platform. It examines Robinhood's business model and diverse revenue streams, including payment for order flow and net interest income, which fluctuate with market conditions. The analysis also explores the company's customer base, subscription services, and financial performance through detailed metrics like revenue growth, profitability, and cash flow, highlighting a shift from early hyper-growth to a more mature, profitable phase by 2024. Furthermore, it assesses short-term and long-term risks, the company's cost structure, and management’s track record and shareholder alignment, concluding with a Buffett-styl...2025-07-0615 minDeep Value InvestingAmazon (AMZN) Business, Financial, Valuation, and Risk AnalysisThis episode offers an in-depth analysis of Amazon (AMZN), examining its diverse business model across e-commerce, cloud computing (AWS), advertising, and subscriptions, alongside its customer base and units sold. It scrutinizes both short-term and long-term risks, from economic headwinds and supply chain issues to regulatory scrutiny and increased competition, while also breaking down Amazon's cost structure into fixed and variable components and detailing its major expense categories. The report further assesses the management team's credibility, stability, and alignment with shareholder interests, highlights the influence of top shareholders, including Jeff Bezos and major institutional investors, and provides a historical and current o...2025-07-0521 minDeep Value InvestingIndexing’s Godfather John Bogle’s Warns: Have ETFs Gone Too Far? Final Alarm: Why ‘Set-and-Forget’ Investing Is at RiskThis episode explores John Bogle's evolving views on indexing, highlighting his initial creation of the Traditional Index Fund (TIF) as a tool for simple, low-cost, long-term investing. It then discusses his later criticisms of Exchange-Traded Funds (ETFs), which he saw as a deviation from his core philosophy due to their intraday tradability encouraging speculation, the proliferation of niche funds undermining diversification, and the concentration of corporate voting power in a few large asset managers. While acknowledging the tax efficiency and accessibility benefits of ETFs, the text ultimately presents Bogle's concerns as a consistent defense of investor-centric principles against market complexitie...2025-07-0420 minDeep Value InvestingMicrosoft (MSFT) Business, Valuation, Growth, and Risk AnalysisThis episode presents an in-depth financial and strategic analysis of Microsoft Corporation, incorporating data up to 2025. It thoroughly examines Microsoft's diverse business model and income streams, alongside potential short-term and long-term headwinds and risks. The analysis also covers cost structure, management's track record and shareholder alignment, and the impact of share buyback programs over the past decade. Furthermore, it assesses top shareholders and their engagement, provides an intrinsic value estimation using a conservative Buffett-style Discounted Cash Flow (DCF) method, and highlights key insights from recent earnings reports and historical financial metrics. The document concludes with cross-verification of data and a financial d...2025-07-0320 minDeep Value InvestingWarren Buffett and the Interpretation of Financial Statements (Marry Buffett)This episode offers an extensive overview of the book "Warren Buffett and the Interpretation of Financial Statements", co-authored by Mary Buffett and David Clark. It explains how the book serves as a practical guide to value investing, drawing from Warren Buffett's investment philosophy and focusing on the crucial skill of interpreting financial statements. The text highlights Buffett's emphasis on identifying companies with a "durable competitive advantage" (or "economic moat") and explains his methodical analysis of Income Statements, Balance Sheets, and Cash Flow Statements to uncover a company's true financial health and earning power. Ultimately, the book aims to equip readers with...2025-07-0217 minDeep Value Investing🔥Big Beautiful Bill 💸: Debt Storm or Economic Boom? Winners, Losers & the Trillion-Dollar Price Tag“OBBBA 2025: Debt Storm or Economic Boom?”“Tax Cuts, Slashed Safety Nets—Will OBBBA Break America’s Budget?”“Wall St. vs. Main St.: How OBBBA 2025 Reshapes the Wealth Gap”This episode offer an extensive analysis of "The Almanack of Naval Ravikant," a book that compiles the insights of entrepreneur and investor Naval Ravikant on wealth and happiness. They explain that Ravikant, often called the "Angel Philosopher," proposes that these two life goals are interdependent and learnable skills, rather than products of luck. The sources detail his framework, which distinguishes wealth from money and status, and...2025-07-0218 minDeep Value InvestingBuffett’s ‘Gravity Rule’: How Rising Rates Crash (or Lift) Your Portfolio 🚀📉This episode provided Warren Buffett's foundational belief that interest rates act as the "gravity" of the financial world, profoundly influencing asset prices and economic activity. It explains how interest rates directly impact intrinsic valuation through discounted cash flow (DCF) models, where a higher rate lowers the present value of future earnings. Furthermore, the sources detail how these rates reshape corporate behavior by affecting borrowing costs, investment decisions (hurdle rates), and overall profitability, acting as a "quality filter" for businesses. On a macroeconomic scale, interest rates are shown to be the Federal Reserve's primary lever for controlling economic growth and inflati...2025-07-0118 minDeep Value InvestingPalantir (PLTR) Business, Valuation, Growth, and Risk AnalysisThis episode provides an overview of Palantir (PLTR), an AI and data analytics company. It includes a five-year financial history (2018-2022), detailing revenue, net income, and free cash flow. The source also offers background research on Palantir's business model, revenue mix, customer count, and cost structure, alongside information on management, execution, insider alignment, and top holders. Additionally, it presents latest quarterly (Q1 2025) financial results and a snapshot of discounted cash flow (DCF) analysis, concluding with an interpretation of the company's financial health, valuation, and key risks.📚 Value Investing Books Recommendation————————————————————————Warren BuffettThe Snowball: Warren Buffett...2025-07-0113 minDeep Value InvestingBuffett Indicator at 206%! Shiller PE 37.6 Sounds the Red Alarm! Is the 2025 Market a Bubble?"Buffett Indicator (July-2025)," offers a comprehensive analysis of the US equity market's valuation as of late June 2025. It primarily utilizes the Buffett Indicator and Shiller CAPE to suggest extreme over-valuation, historically leading to low long-term real returns. The document further supports this conclusion by examining various other metrics, including Price-to-Sales, Price-to-Book, and a near-zero Equity-Risk Premium, all indicating a stretched market. While some sentiment indicators appear neutral, the inverted yield curve signals potential macro caution, suggesting future normalization through slower growth rather than earnings expansion. Ultimately, the analysis warns investors of lower forward returns and increased risk, advocating for alternative...2025-06-3016 minDeep Value InvestingAttitude Towards Debt from Howard Marks and Morgan HouselThis episode offers a comparative analysis of the investment philosophies of Howard Marks and Morgan Housel, two prominent figures in modern finance. It explores their individual doctrines on risk management, market cycles, behavioral psychology, and particularly, their perspectives on debt. Marks, an analyst, emphasizes second-level thinking and optimizing leverage in volatile markets, while Housel, a storyteller, prioritizes behavioral endurance, the power of compounding over time, and the pursuit of financial freedom through minimizing debt. The text ultimately synthesizes their views, proposing a unified framework for investors that integrates both the analytical rigor of Marks and the psychological wisdom of Housel.2025-06-2918 minDeep Value InvestingMargin of Safety: Seth Klarman's Value Investing PhilosophyThis episode provides a comprehensive overview of Seth Klarman, focusing on his investment philosophy and the practical application of his principles through The Baupost Group. It traces Klarman's background, highlighting how his early life influenced his value investing approach, particularly his emphasis on risk aversion and absolute returns. A significant portion explains his seminal book, "Margin of Safety," detailing its core concept of buying assets at a significant discount and advocating for bottom-up analysis and a catalyst-driven investment strategy. Finally, the text examines Baupost's modern portfolio, showcasing how Klarman's firm embodies these long-held principles by analyzing specific Q1 2025 holdings and their under...2025-06-2818 minDeep Value InvestingAlibaba (BABA) Business, Value, Growth, and Risk AnalysisThis comprehensive financial and business analysis of Alibaba Group (BABA) examines its operations, risks, and financial performance. The report outlines Alibaba's business model, which is heavily reliant on e-commerce and cloud services, serving over a billion annual active customers. It identifies significant political/regulatory risks, intense market competition, and the impact of a Chinese economic slowdown on growth. Furthermore, the analysis details Alibaba's cost structure, management team, and top shareholders, while also highlighting the company's recent share buyback program as a sign of management confidence. The document concludes with a historical financial overview, including key metrics like revenue, margins, and valuation...2025-06-2716 minDeep Value InvestingDocusign (DOCU) Business Intelligence, Value, Growth, and Risk AnalysisDocuSign (DOCU), offering a detailed analysis for informational purposes rather than investment advice. It summarizes the company's business model, highlighting its primary revenue streams from subscriptions and outlining its customer base. The report then identifies both short-term economic factors like market competition and inflation, and long-term risks such as technological disruption and regulatory changes that could impact the business. Furthermore, it breaks down DocuSign's fixed and variable costs, emphasizing significant expenditures like sales and marketing and research and development, and assesses the management team's history and alignment with shareholder interests. The document also reviews the top shareholders and their typical v...2025-06-2620 minDeep Value InvestingSecurity Analysis: Value Investing Bible (Benjamin Graham's seminal work)This episode offers an extensive overview of Benjamin Graham's seminal work, "Security Analysis," highlighting its enduring impact on finance since its 1934 publication amidst the Great Depression. It explains key concepts such as Value Investing, which involves purchasing assets below their Intrinsic Value, safeguarded by a Margin of Safety. The allegory of Mr. Market illustrates how to navigate the stock market's irrational behavior, distinguishing between true Investment and Speculation. The text emphasizes Fundamental Analysis, combining both quantitative and qualitative factors, and advocates for a Disciplined and Long-Term Investing approach, principles famously adopted and championed by Warren Buffett.Securit...2025-06-2518 minDeep Value InvestingInfluence: The Psychology of Persuasion, and its endorsementThis episode provides an overview of Robert Cialdini's seminal work, Influence: The Psychology of Persuasion, and its endorsement and practical application by investor Charlie Munger. It explores Cialdini's six universal principles of persuasion—Reciprocity, Commitment and Consistency, Social Proof, Authority, Liking, and Scarcity—which explain how cognitive shortcuts influence human decision-making. The text further highlights Munger's insights on how these biasescontribute to human misjudgment, often in compounding ways known as the "lollapalooza effect." Ultimately, it emphasizes the importance of understanding these principles not only for ethical persuasion but also for self-defenseagainst manipulation and for fostering rational decision-making.Influence, New an...2025-06-2420 minDeep Value InvestingBuffet on Stock Market Recap (Is 2025 New 1999? )This episode centers on Warren Buffett's enduring investment philosophy, particularly as outlined in his 1999 Fortune article, "Mr. Buffett on the Stock Market." It explores his prescient warnings about unsustainable public expectations for stock returns, emphasizing the critical influence of interest rates and after-tax corporate profits as a percentage of GDP. The text then applies Buffett's timeless insights to the June 2025 market environment, analyzing current economic indicators, corporate profitability, investor sentiment, and valuation levels to identify parallels and divergences from the late 1990s. Ultimately, the sources highlight the continued relevance of patience, discipline, and a focus on intrinsic value for navigating dyn...2025-06-2317 minDeep Value InvestingMorgan Housel: The Psychology of MoneyThis episode offer a comprehensive overview of Morgan Housel's influential book, The Psychology of Money, which has sold millions of copies worldwide. They highlight Housel's unique approach to finance, emphasizing that behavior and psychological temperament are more critical to financial success than traditional knowledge or intelligence. The book, summarized through its 20 chapters, distills complex behavioral economics into relatable stories and parables, making profound concepts accessible to a broad audience. Ultimately, the sources illustrate that Housel advocates for a financial philosophy built on survival, independence, patience, and humility, prioritizing "reasonable" decisions over purely "rational" ones to foster enduring wealth and peace of...2025-06-2216 minDeep Value InvestingQualcomm (Value Intelligence, Growth and Risk Analysis)This episode provides an in-depth financial and background analysis of Qualcomm, a major technology company, utilizing its latest quarterly report and SEC filings. It outlines Qualcomm's business model, primarily driven by its chipset (QCT) and patent licensing (QTL) segments, and identifies key industry and company risks such as competition and geopolitical factors. The analysis also covers Qualcomm's cost structure, management and governance, and shareholder information, including extensive share buybacks. Finally, it presents an intrinsic value estimation for the company, evaluates its latest quarterly results, and summarizes 10-year financial trends to conclude that Qualcomm is a fundamentally sound company with healthy fin...2025-06-2115 minDeep Value InvestingLululemon (Value Intelligence, Management and Risks Analysis)This episode presents an in-depth financial analysis of Lululemon Athletica Inc. (LULU), covering its business model, operational strategies, and financial performance over the past decade. It examines revenue streams, cost structure, and management's past performance, highlighting both the company's consistent growth and current macroeconomic challenges like tariffs and a slowdown in the U.S. market. The text also discusses shareholder analysis, including major institutional ownership and an active share repurchase program, alongside conceptual applications of intrinsic value methodologies like Warren Buffett's owner's earnings and Discounted Cash Flow (DCF) models. Ultimately, it provides an analyst outlook on Lululemon's ability to...2025-06-2024 minDeep Value InvestingStablecoin Ecosystems First Principles: Business Models and TrajectoriesThis episode offers an extensive analysis of stablecoin ecosystems, examining their diverse typologies, including fiat-collateralized (USDT, USDC), crypto-collateralized (DAI), and algorithmic models, along with their operational mechanics and associated risks. It details how stablecoins bridge traditional and digital finance, serving as critical tools for payments, remittances, and the decentralized finance (DeFi) ecosystem, while also highlighting their significant impact as major holders of U.S. Treasury securities. The analysis also covers the evolving U.S. regulatory landscape, particularly the GENIUS Act of 2025, and addresses ethical concerns related to government officials' financial interests in the crypto space. Finally, it provides a future outlo...2025-06-1921 minDeep Value InvestingHoward Marks: The Most Important ThingThis episode offers an overview of Howard Marks' investment philosophy, presenting him as a modern philosopher of decision-making under uncertainty. It outlines five core tenets: the importance of second-level thinking, which involves looking beyond the obvious to achieve superior results; the cyclical nature of markets, driven by predictable swings in human psychology; a focus on risk control, defining risk as the probability of permanent loss rather than volatility; the necessity of navigating uncertainty by acknowledging the limits of prediction and focusing on preparation; and the strategic application of contrarianism and value investing, emphasizing buying assets below their intrinsic value with patien...2025-06-1819 minDeep Value InvestingWhat's the next decade for US Stock market?This episode offers an overview of the U.S. stock market's predicted growth over the next decade, strongly suggesting lower-than-average returns. It analyzes multiple valuation metrics, such as the S&P 500 P/E ratio, the Buffett Indicator, and the Shiller CAPE ratio, all of which currently indicate significant overvaluation compared to historical averages. The analysis highlights a robust inverse correlation between starting valuations and subsequent 10-year returns, with historical precedents showing that elevated valuations typically lead to subdued future performance. Therefore, the source concludes that investors should temper their expectations for future equity returns and consider diversified strategies to navigate a challenging...2025-06-1720 minDeep Value InvestingWhat makes Li Lu, Li Lu - Moving The Mountain: From the Cultural Revolution to Tiananmen SquareThis episode offers a dual perspective on the life and philosophical underpinnings of Li Lu. The first source, excerpts from "Li Lu," examines his integrated philosophy, linking his investment principles with broader ideas on civilization, modernization, and ethics, highlighting his emphasis on intellectual honesty and long-term thinking. Conversely, excerpts from "Moving The Mountain (From the Cultural Revolution to Tiananmen Square)" by Li Lu provide a deeply personal memoir of his experiences growing up in China, detailing his childhood during the Cultural Revolution, the Tangshan earthquake, and his involvement in the student democratic movement leading up to and including the Tiananmen...2025-06-1619 minDeep Value InvestingPoor Charlie’s Almanack—A treasure trove of timeless wisdom from Charlie Munger📚 Books MentionedPoor Charlie's Almanack (Kindle): https://amzn.to/3SM5ijAPoor Charlie's Almanack (Hardcover): https://amzn.to/3HTQj4G, https://amzn.to/4l8UCHW中文版《穷查理宝典》: https://amzn.to/3HDO1Xm🔔 If you enjoy this content, please like, subscribe, and share to support the channel! Book links may be affiliated, which means I may earn a small commission from Amazon Book Store —at no extra cost to you.Disclaimer: This video is for educational and informational purposes only and does not constitute financial advice. Please do your own research or consult a professional before making an...2025-06-1516 minDeep Value InvestingThe NFT Ecosystem Explained: Business, Creation, and TradingThis episode offer a comprehensive overview of the Non-Fungible Token (NFT) ecosystem, moving beyond their initial association with digital art to highlight their evolving utility and real-world applications in gaming, identity verification, and even physical goods. They explain the dynamic business model of NFTs, detailing how marketplaces generate revenue through various fees and how creators and collectors can monetize these unique digital assets. The text also provides a practical guide to NFT creation, outlining the necessary prerequisites and step-by-step minting process while emphasizing the variable costs, particularly blockchain "gas fees." Furthermore, it compares leading open NFT trading platforms like OpenSe...2025-06-1422 minDeep Value InvestingTeach a 4 year old patience, compounding, long term growth. (Invest America Act)This episode xplores the "Patience, Compounding, Invest America Act," a proposed legislative effort aiming to integrate early financial education with national economic policy. The first part focuses on cultivating financial virtues in four-year-old children through practical strategies for teaching patience, delayed gratification, and the basic concept of compounding using everyday activities and analogies. The second part introduces the "Invest America" initiative and its cornerstone, the "$1,000 Trump Savings Accounts," outlining their eligibility, investment strategy, and corporate support, which includes pledges from major companies to contribute to employee children's accounts. The report further examines the broader legislative context of these accounts within th...2025-06-1322 minDeep Value InvestingAmerican Depositary Receipts (ADRs) ExplainedThis episode offers a comprehensive overview of American Depositary Receipts (ADRs), explaining their purpose as a means for U.S. investors to trade shares of non-U.S. companies. It details how depositary banks facilitate the creation and management of ADRs, including currency conversion for dividends, and outlines the different levels of ADR programs (Level I, II, and III) based on U.S. market access and SEC reporting requirements. The sources also discuss the advantages and disadvantages of investing in ADRs, such as diversification benefits versus currency and regulatory risks, and provide case studies of prominent Chinese companies like Alibaba (BABA), Di...2025-06-1223 minDeep Value InvestingThe Buffett Way To Scan Financial Statement: Cash Flow Statement ExplainedThis episode offers a comprehensive overview of the Statement of Cash Flows (CFS), detailing its purpose, components, and importance in financial analysis. It explains the three main sections of the CFS—operating, investing, and financing activities—including the direct and indirect methods for presenting cash flows from operations. Furthermore, the source provides a practical application of these concepts by analyzing the latest quarterly cash flow statementsof ten leading S&P 500 companies, illustrating how these financial statements reveal strategic decisions regarding capital allocation, growth, and shareholder returns. The text concludes by emphasizing the CFS as a vital diagnostic tool for investor...2025-06-1132 minDeep Value InvestingThe Buffett Way To Scan Financial Statement: Balance Sheet Statement ExplainedThis episode provides a comprehensive guide to balance sheet analysis, a fundamental financial statement alongside the income statement and cash flow statement. It explains the definition, purpose, and foundational accounting equation (Assets = Liabilities + Equity) of the balance sheet, emphasizing its role as a financial snapshot at a specific point in time. The text meticulously breaks down assets (what a company owns) into current and non-current categories, detailing common examples like cash, inventory, property, plant, and equipment (PP&E), and intangible assets. It similarly analyzes liabilities (what a company owes), distinguishing between short-term (current) and long-term (non-current) obligations, and explains shareholde...2025-06-1022 minDeep Value InvestingThe Buffett Way To Scan Financial Statement: Income Statement ExplainedEpisode enters on the income statement, a vital financial document summarizing a company's profitability over a period by detailing revenues, expenses, gains, and losses to arrive at net income. It explains key components like Cost of Goods Sold (COGS), Gross Profit, Operating Expenses, and Earnings Per Share (EPS), highlighting their significance in evaluating financial health. Furthermore, the text analyzes the latest earnings reports of the top ten S&P 500 companies by market capitalization as of June 2025, illustrating how diverse business models within these industry leaders, particularly in the technology sector, influence their financial performance and EPS. Ultimately, the sources emphasize the...2025-06-0916 minDeep Value InvestingTesla (TSLA) Business Intelligence, Valuation and Risk AnalysisThis episode offer a comprehensive financial analysis of Tesla, Inc., detailing its distinctive business model built on direct-to-consumer sales, vertical integration, and an expanding clean energy ecosystem. They examine Tesla's financial performance across its automotive, energy, and services segments, highlighting revenue breakdown, cost structure, and profitability trends. The sources also thoroughly discuss significant risks and challengesTesla faces, including intense competition and macroeconomic factors, alongside an evaluation of its management team, shareholder structure, and historical voting records. Finally, the text presents a valuation analysis, employing methodologies like Warren Buffett's intrinsic value and Discounted Cash Flow, to assess Tesla's financial standing and futur...2025-06-0832 minDeep Value InvestingSelling Call Explained (A Value Investing Strategy?)This episode offers a comprehensive overview of selling call options, focusing on their mechanics, risks, and rewards. It particularly examines how value investors can strategically utilize covered calls to generate income and enhance returns from their long-term holdings, while also addressing potential downsides like capped upside potential. The source emphasizes that this approach can complement a value investing philosophy by providing steady income and tax management benefits, provided investors carefully consider the trade-offs and market outlook.Youtube: https://www.youtube.com/@TheDeepValueApple Podcasts: https://podcasts.apple.com/us/podcast/deep-value-investing/id18110576972025-06-0715 minDeep Value InvestingMichael Burry's Contrarian PhilosophyThis episode offers a comprehensive analysis of Michael Burry, portraying him as a quintessential modern contrarian investor whose career is defined by going against prevailing market sentiment. It details his unique background, including his medical training, and how his rigorous data analysis and unwavering conviction enabled his famous prediction and profitable bet against the 2008 subprime mortgage crisis. The document explores his investment philosophy, emphasizing deep value, risk management, patience, and the exploitation of market inefficiencies driven by behavioral finance, while also discussing his subsequent high-profile GameStop and China tech investments. Finally, it summarizes key takeaways from his approach and acknowledges chall...2025-06-0616 minDeep Value InvestingTop Strategic Tech Acquisition Targets (2025-2027)This episode examines the evolving landscape of the podcast industry, focusing on diverse business models like advertising, direct listener support, and premium content. It highlights the dominance of platforms like YouTube, Spotify, and Apple Podcasts for audience reach, while also detailing the crucial role of hosting platforms for creators. A significant emphasis is placed on the increasing importance of video podcasts and the transformative influence of Artificial Intelligence. AI is shown to be revolutionizing aspects from content creation and discoverability to enabling more sophisticated monetization strategies, particularly through dynamic and contextual advertising.Youtube...2025-06-0430 minDeep Value InvestingPodcasts Business Model Explained (What's the AI impact here?)This episode examines the evolving landscape of the podcast industry, focusing on diverse business models like advertising, direct listener support, and premium content. It highlights the dominance of platforms like YouTube, Spotify, and Apple Podcasts for audience reach, while also detailing the crucial role of hosting platforms for creators. A significant emphasis is placed on the increasing importance of video podcasts and the transformative influence of Artificial Intelligence. AI is shown to be revolutionizing aspects from content creation and discoverability to enabling more sophisticated monetization strategies, particularly through dynamic and contextual advertising.Youtube: https://www.youtu...2025-06-0319 minDeep Value InvestingCustom AI Application Business ExplainedThis episode compare the strategies of OpenAI, Google, and xAI in enabling custom AI application development and monetization. OpenAI focuses on a consumer-facing marketplace through its GPT Store, aiming to democratize AI creation, though creators face challenges with monetization and control. Google Gemini employs an API-first, enterprise-focused infrastructure, providing robust tools for developers to build custom applications and manage their own monetization. xAI Grok integrates its AI deeply within the X platform ecosystem, with monetization primarily tied to X subscriptions and strategic partnerships. Ultimately, these players are competing across different layers of the AI value chain, influencing how developers choose...2025-06-0226 minDeep Value InvestingBuffett's Arbitrage BetsThis episode explains that Warren Buffett strategically employs arbitrage, particularly merger arbitrage, alongside his renowned value investing. This approach, while less publicized, is a critical component of his investment success, allowing for efficient capital deployment and significant contributions to Berkshire Hathaway's returns. It functions as a pragmatic tool to utilize large cash reserves and capitalize on opportunities when traditional long-term investments are scarce, demonstrating Buffett's adaptability and analytical prowess in assessing event-driven situations with a focus on high probability and low risk. Case studies like Monsanto, Red Hat, and Activision Blizzard illustrate the practical application of this strategy.keepSave to notecopy...2025-06-0218 minDeep Value InvestingBuffett Indicator (June-2025)：Where are we now?This episode discuss the Buffett Indicator, a metric comparing the total value of the U.S. stock market to the country's GDP. As of late May 2025, the indicator reached roughly 196.8%, significantly exceeding its historical average of approximately 122.4% and indicating the market is overvalued. This elevated level, about 1.8 standard deviations above the historical trend, suggests stock valuations are disproportionately high compared to economic output. Consequently, analysis implies potentially low annual returns for the U.S. stock market over the next eight years. Factors like interest rates, globalization, and market sentiment can influence this indicator and the implications of its current reading.2025-06-0104 minDeep Value InvestingMr. Market in the modern worldDrawing upon the enduring allegory of Benjamin Graham's "Mr. Market," this analysis explores the complex interplay between this concept of emotional, irrational market fluctuations and the characteristics of modern digital financial environments. It contends that the digital age, through factors like social media, algorithmic trading, and information overload, significantly alters and often amplifies Mr. Market's volatile and emotional tendencies, making fluctuations faster and more widespread. However, the text also acknowledges that technology provides tools for enhanced transparency and analysis, although these tools do not guarantee a more rational market overall. Ultimately, the sources argue that while the fundamental human psyc...2025-06-0118 minDeep Value InvestingValue Investing First Principles: Financial Statement ExplainedThis episode offer a comprehensive analysis of financial statements, explaining the purpose and components of the Income Statement, Balance Sheet, and Cash Flow Statement and how they are interconnected to provide a complete view of a company's financial health. They examine the recent financial performance and decade-long trends of the top 10 S&P 500 companies, emphasizing the dominance of the technology sector driven by digital transformation and AI. The analysis highlights the robust financial health, strong profitability, and significant cash flow generation of these market leaders. Key metrics for evaluating each statement are also discussed, illustrating how to assess a company's...2025-05-3119 minDeep Value InvestingValue Investing First Principles: Book Value and Intrinsic ValueThis episode compare book value, a historical accounting measure of a company's net assets, and intrinsic value, a forward-looking estimate of a company's true economic worth based on future potential. They explain the calculations and uses of each metric, highlighting that book value is stable and less relevant for companies with significant intangible assets, while intrinsic value is subjective and based on future cash flows. An analysis of the top 10 S&P 500 companies illustrates how market valuations often prioritize intangible assets and future growth, leading to significant differences between book value and intrinsic value estimates, with notable variations among an...2025-05-3024 minDeep Value InvestingSelling Put ExplainedThis episode text offers a comprehensive look at the strategy of selling put options, particularly as a tool for value investors. It explains the mechanics of a put option trade, where a seller receives a premium for agreeing to buy a stock at a specific price if the option buyer exercises their right. The sources highlight the dual benefits for value investors: generating income through premiums and acquiring shares of desired companies at potentially discounted prices. They emphasize the importance of using cash-secured puts for risk management and integrating the strategy with fundamental stock selection, intrinsic valuation, and setting a margin of s...2025-05-3037 minDeep Value InvestingNVIDIA (Financial Analysis and Business Intelligence)This episode offer a detailed look at NVIDIA Corporation, focusing on its significant role in the semiconductor and artificial intelligence (AI) markets. They highlight NVIDIA's rapid growth, particularly driven by its Data Center segment, and examine its strong financial performance, including increasing revenue, net income, and free cash flow, along with high profitability and liquidity. The reports also discuss key risks such as geopolitical export controls impacting revenue, growing competition in the AI landscape, and macroeconomic uncertainties. Finally, the sources touch upon the company's management, shareholder structure, capital allocation strategies like share buybacks, and valuation metrics.Youtube...2025-05-2917 minDeep Value InvestingJD.com (Business Value Intelligence)This episode provide a comprehensive financial and strategic analysis of JD.com, a prominent Chinese e-commerce and logistics company. They cover its business model, revenue streams, and cost structure, highlighting the significance of its proprietary logistics network and direct sales approach. The analysis also examines JD's management team, governance structure, and major shareholders, including insights into leadership transitions and founder control through a dual-class share structure. Furthermore, the sources review historical financial performance, discuss recent share buyback programs and dividend initiation, and analyze the trading activity of notable value investors. The report concludes with an intrinsic value estimation using methodol...2025-05-2826 minDeep Value InvestingAnnie Duck: Modern Decision PhilosopherAnnie Duke, a former professional poker player and cognitive psychologist, presenting her as a modern philosopher focused on practical decision-making. They analyze her core principles, such as "thinking in bets" to navigate uncertainty, the error of "resulting" (judging decisions solely by outcomes), identifying and mitigating cognitive biases, learning effectively from experience, and the strategic power of "quitting". The texts detail how her academic background and poker career informed her unique approach, highlighting her books, consulting work, and educational initiatives as key vehicles for disseminating her philosophy and providing practical frameworks and tools for better decision-making in an uncertain world.2025-05-2822 minDeep Value InvestingPDD (Business Value Intelligence)This episode presents a comprehensive financial and strategic analysis of PDD Holdings, examining both its domestic platform Pinduoduo and international platform Temu, incorporating recent Q1 2025 earnings data. It details PDD's social commerce business model and diverse revenue streams, primarily from online marketing and transaction services. The analysis identifies significant short-term challenges such as slowing growth, increasing competition, and international trade frictions, alongside long-term risks like market saturation, regulatory pressures, and geopolitical tensions impacting Temu. A thorough examination of the company's cost structure highlights heavy variable spending on marketing and fulfillment, while the section on management and governance describes the co-CEO leadersh...2025-05-2735 minDeep Value InvestingValue Investing Principles: Discounted Cash Flow ExplainedThis episode present a comprehensive analysis of the Discounted Cash Flow (DCF) valuation model, explaining its fundamental principles rooted in the time value of money and its use in determining a company's intrinsic value. They detail the core components of a DCF analysis, including projecting Free Cash Flows (FCF), determining the Weighted Average Cost of Capital (WACC) as the discount rate, and calculating a Terminal Value for cash flows beyond the explicit forecast period. The text applies this methodology to the top 20 S&P 500 companies under two scenarios based on historical FCF growth rates, highlighting the significant sensitivity of...2025-05-2721 minDeep Value InvestingThe Relationship Between Warren Buffett and SequoiaThis episode compares and contrast the investment approaches of Warren Buffett, primarily through Berkshire Hathaway, and Sequoia Capital, a venture capital firm. They highlight the fundamental differences in their strategies, with Buffett focusing on value investing in established, public companies and Sequoia concentrating on early-stage, high-growth technology startups. A key clarification is made distinguishing Sequoia Capital from the separate Sequoia Fund, which has historical ties to Buffett. The texts also explore how both entities are navigating the modern investment landscape, including the impact of Artificial Intelligence and macroeconomic conditions, while maintaining their core philosophies.2025-05-2719 minDeep Value InvestingOccidental Petroleum (OXY Value Intelligence, Risk and Financial Analysis)This episode analyzes Occidental Petroleum (OXY), focusing on its business model across oil & gas, chemicals, and midstream segments, highlighting the dominance of oil & gas revenue. They examine its financial performance, including volatile historical results, recent strong Q1 2025 earnings surpassing expectations, significant debt reduction, and a shift towards shareholder returns via buybacks and dividends. The analysis emphasizes OXY's strategic direction, particularly investments in low-carbon ventures like Direct Air Capture, alongside operational efficiencies and acquisitions like CrownRock, while acknowledging the inherent risks of commodity price swings and the capital-intensive nature of its new initiatives. A value investor perspective, heavily influenced by...2025-05-2728 minDeep Value InvestingWalmart (Value Analysis, Business Intelligence, Risks, etc.)This episode provides a structured analysis of Walmart Inc. (WMT), offering a business overview, outlining key financial data including sales mix, income streams, costs, and historical performance, and discussing management structure and shareholder information. It also examines capital return strategies and offers a valuation perspective from a value-investing viewpoint, highlighting potential risks and challenges. The information is presented with a financial disclaimer, emphasizing that it's based on publicly available data and not investment advice, and includes details about accompanying charts and a downloadable presentation for further study.Youtube: https://www.youtube.com/@TheDeepValue2025-05-2716 minDeep Value InvestingCharlie Munger's Mental ModelsThis episode explores Charlie Munger's concept of "worldly wisdom," arguing that intellectual success stems not from innate brilliance but from cultivating specific thinking habits. Central to this is building a multidisciplinary latticework of mental models, frameworks drawn from various fields like psychology, economics, physics, and biology, used to understand reality. Key models discussed include Inversion, Circle of Competence, Second-Order Thinking, and understanding the Psychology of Human Misjudgment. While powerful for decision-making and avoiding errors, the text also notes the limitations of models as simplifications and the importance of practice, humility, and continuous learning to avoid misapplication or overconfidence.2025-05-2724 minDeep Value InvestingWhy Buffett Prefers Balance Sheet than Income StatementThis episode discuss Warren Buffett's strong emphasis on analyzing balance sheets when evaluating companies. They explain that Buffett prioritizes balance sheets over income statements because they provide a more reliable view of a company's true financial health and durability, highlighting factors like low debt, ample cash, and growing shareholder equity. This approach, rooted in value-investing principles, informs Berkshire Hathaway's strategy of maintaining a conservative financial structure, often holding significant cash reserves and avoiding excessive leverage, to ensure long-term stability and strategic flexibility. Financial analysts and biographers concur with Buffett's view, citing it as a cornerstone of Berkshire's sustained success.2025-05-2710 min