Deep Values: Value Investing Deep Dives

Voters backed limits on data centers in 40 of 41 local ballot measures, and Texas, home to 25% of planned U.S. capacity, may freeze approvals. Learn why local permission is becoming AI's scarcest input, and how that red tape could quietly widen incumbents' moats.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) Data Center Election Losses(4:59) Texas Bottleneck and Youth Vote(6:04) Evidence Assessment(9:28) Market Divergence and Moat(10:07) Buffett Lens: Business Quality(11:30) Buffett Lens: Capital Value(13:53) Investor Lesson on Regulation(17:56) Intelligent Value Investor App Suite(18:33) Get the appsDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#WarrenBuffett #ValueInvesting #InvestingOriginal sourcesChamath Palihapitiya - WikipediaData Centers Lost Nearly Every Local Vote on Election Day

Deep value research on NVIDIA (NVDA) as of 2026-11-13: $2T Value in the. We trace how a U.S. intelligence leak tying Jensen Huang to an alleged Chinese state-security recruit became a weapon in the fight over Nvidia's China chip exports. For value investors, the question now is how much extra margin of safety this policy risk demands.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) Anatomy of a Leak(2:23) Intelligence Timeline(3:27) Anatomy of a Leak(6:46) Takeaway for Investors(8:06) Core Conflict: AI Supremacy(8:45) Intelligence Timeline(9:43) Core Conflict: AI Supremacy(11:45) Key Risks and Burden Shift(13:32) Takeaway for Investors(15:37) Apps for Intelligent Value(16:44) Get the appsFull open-source research reportDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#ValueInvesting #NVDA #StockMarket

Damodaran's cash-flow map shows why the AI suppliers generating the most cash lost the most when $1.8 trillion vanished in a single day. Now that the AI trade is splitting into four layers, where a company sits in the food chain decides its risk.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) Deconstructing the AI Trade(1:35) Mapping AI Ecosystem Layers(3:58) Capital Expenditure to Revenue Flow(6:59) Market Cap Wealth Transfer(7:58) Deconstructing the AI Trade(10:44) Big Market Delusion(12:29) Valuation Fragility Case Study(18:40) Intelligent Value Investing Tools(19:13) Get the appsDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#StockMarket #ValueInvesting #BuffettIndicatorOriginal sourceDeconstructing the AI Trade: Market Meltdown, Correction or Clean up?

Duan Yongping's November 7 notes on Nvidia, Moutai and Micron reveal one framework: true moats leave a footprint in sustained gross margins, while cheap cyclicals hide a countdown clock. Learn why a stock at 3x earnings can be a trap, not a bargain, while memory-chip profits look their best.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) Deep Value Intelligence(1:59) Anatomy of a Moat(2:40) Financial Footprint of a Moat(4:59) Key Risks Misinterpretation(6:18) Deep Value Allocation Matrix(11:12) Cyclical Exception(12:14) Payback Math(15:35) Deep Value Allocation Matrix(17:30) Intelligent Investor Tools(17:54) Get the appsDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#ValueInvesting #IntrinsicValue #Investing

We run the real numbers: Amazon's $215B in CapEx pushed its free cash flow to -$47B, while Apple kept $136B. Then we show why Alphabet's ~$200B build-out needs about $100B in new AI revenue just to earn a 15% return.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) The AI CapEx Reality Check(0:38) The Cash Flow Compression (LTM Data)(3:19) Business Models Diverge: Builders vS.(4:39) Apple's Infrastructure Optionality(5:20) The Pressure Cookers: Amazon & Alphabet(6:23) Clear Backlogs VS. Invisible ROIC(7:25) What Does 15% ROIC Actually Require?(9:30) Apple's Infrastructure Optionality(10:10) Is this 1999? Yes and No.(11:51) Servers Are Not Railroads(13:49) Where the Periphery Breaks(17:33) The Verdict: Watch the Numerator(18:53) DeepValues Resources(19:19) Get the appsDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#StockMarket #ValueInvesting #BuffettIndicator

Mohnish Pabrai has more than 60% of his $1.5B portfolio in Turkey and nothing in the US AI trade. We unpack the Graham-style math behind that split, and why he sees a flat decade ahead for the S&P 500.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) Global Arbitrage Playbook(1:15) Valuation Skew in Market(2:13) AI Capex Inflation Trap(2:57) Zero Return Forecast(3:54) AI Capex Inflation Trap(4:32) Overpriced Quality Returns(8:55) Turkey Contrarian Haven(11:16) Time Arbitrage Moat(12:34) Deep Value Math(13:16) 100x Return Mechanics(14:55) Structural Spin-Offs(19:39) Intelligent Investor Tools(20:13) Get the appsDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#WarrenBuffett #ValueInvesting #InvestingOriginal sourceMohnish Pabrai's Interview with CNBC TV18 on October 22, 2026

Neutral on Berkshire Hathaway (BRK.B) as of 2026-11-07: $9.4B paper gains stripped. Berkshire's $22.1 billion Q3 profit includes $9.4 billion of paper gains, so owner earnings were closer to $12.7 billion. The results came out today, and we look at what $9.6 billion of buybacks and $352 billion in cash and Treasuries say about how management allocates capital.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) Thesis: Compounding in Plain Sight(1:36) Non-GAAP Reconciliation(2:54) Moat Diagnostic(3:54) Owner Earnings Proxy(4:32) Moat Diagnostic(10:14) Valuation: Margin of Safety(11:00) Inversion: Failure Modes(11:42) Footnote Ledger: Threats(13:47) Inversion: Failure Modes(14:46) Verdict & Intelligence Suite(15:57) Get the appsFull open-source research reportDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#ValueInvesting #BRKB #StockMarketOriginal sources10-K

Donald Yacktman, 84, sold a net $118.5 million in Q3 but changed only 1.5% of his $8.38 billion portfolio. We look at which of his 75 holdings moved and what his habit of doing almost nothing can teach patient investors today.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) DeepValues 13F Review(1:36) The Philosophy(2:58) A Fortress of Concentration(3:37) The Core Pillars(4:36) Q3 Capital Flows(6:16) Trade X-Ray: INTU Add(7:17) Trade X-Ray: STT Trim(8:16) 10-Year Reality Check(9:38) Proceed with Caution(10:42) Disclaimer(11:53) Get the appsDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#WarrenBuffett #ValueInvesting #InvestingOriginal sourceEDGAR Filing Documents for 0000905567-26-000005

Steven Check sold all $46.8 million of his Disney stake at a -80.9% margin of safety and opened a Zoetis position at +14.2%. The Q3 filing just landed, and we walk through the valuation math so you can check it yourself.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) DeepValues 13F Review(3:59) Q3 Capital Allocation Moves(4:38) Disney Exit Analysis(7:03) Zoetis New Position(8:23) LKQ Rebalance(9:26) 10-Year Track Record(10:05) Analytical Limitations of 13F(10:42) Lessons for Investors(11:44) DeepValues App(12:48) Get the appsDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#WarrenBuffett #ValueInvesting #InvestingOriginal sourcesDisney (DIS) Stock Analysis & Research · 4 reportsEDGAR Filing Documents for 0001032814-26-000009Zoetis (ZTS) Stock Analysis & Intrinsic Value: Neutral

Jack Bogle's two-part return formula, tested over 25 years with a 0.81 correlation, points to about 4% a year for the next decade. After a 12% bull run that hid costly fund underperformance, here is how to read that math without trying to time the market.• DeepValues app, a research team in your pocket: intrinsic value and margin of safety for any stock, reports down to the footnotes iPhone Android• Is the market overvalued? The Buffett Indicator app iPhone (Buffett Indicator) Android (Buffett Indicator & Shiller PE)Chapters(0:00) DeepValues Macro Notebook(2:59) The Graham Allocation Rule(4:01) The Speculative Drag(5:21) The Investment Reality(6:45) The Speculative Drag(10:50) The 4% Decade Synthesis(12:14) The Two Paths to 4%(13:49) The 4% Decade Synthesis(14:49) The Two Paths to 4%(15:38) The Graham Allocation Rule(16:18) The Speculative Drag(17:15) The Graham Allocation Rule(18:15) The Speculative Drag(20:00) Apps & Tools for Value Investors(20:39) Get the appsDeepValues toolkit• Run the numbers on any stock yourself, free• Free Margin of Safety Weekly, every Saturday (guru moves, market temperature, the week's research; no account needed)• Open-source research on 300+ companies• Deep Value Intelligence, the multi-agent AI analyst• Developer API and MCP server for your AI agentsDeep Value Intelligence audits the numbers behind the headlines with a Graham-Dodd / Buffett lens: valuation discipline, cash generation, balance-sheet safety and return on capital. Don't guess. Calculate.• This episode on YouTubeSubscribe on YouTubePodcast (Deep Values): Spotify · Apple PodcastsDisclaimer: educational and research content only. Not investment advice. Based on public sources that may be revised or interpreted differently. Do your own due diligence.#StockMarket #ValueInvesting #BuffettIndicatorOriginal sourceJack Bogle: What Can Happen in an OVERVALUED Market - (John C. Bogle)