Shows / Excess Returns
Excess Returns
Excess Returns is dedicated to making you a better long-term investor and making complex investing topics understandable. Join Jack Forehand, Justin Carbonneau and Matt Zeigler as they sit down with some of the most interesting names in finance to discuss topics like macroeconomics, value investing, factor investing, and more. Subscribe to learn along with us.
Episodes
- Excess Returns
Finding Great GARP Stocks with David Giroux
David Giroux, CIO and Head of Investment Strategy at T. Rowe Price Investment Management, has achieved something rare in investing—beating his Morningstar peer…
- Excess Returns
The $9 Trillion Risk | Rupert Mitchell on the Unwind of US Dominance - And What Comes After It
In this episode of Excess Returns, Matt Zeigler sits down with Rupert Mitchell—founder of Blind Squirrel Macro—for an insightful, opinionated, and often…
- Excess Returns
Inside a Top Quant's Playbook | Joe Gubler on the Hidden Drivers of Alpha
🎙️ Inside Causeway’s Quant Playbook | Joe Gubler on Factor Innovation, Risk, and Portfolio Design In this episode of Excess Returns, we sit down with Joe…
- Excess Returns
Big Decline. Big Rally. What the Charts Tell Us About What Comes Next | Katie Stockton
In this episode of Excess Returns, we welcome back Katie Stockton, founder and managing partner of Fairlead Strategies, for a deep dive into the current state…
- Excess Returns
The Stimulus Deception | Rob Arnott Explains What Economists Are Getting Wrong
In this episode of Excess Returns, we welcome back Research Affiliates founder Rob Arnott to explore his provocative research challenging mainstream economic…
- Excess Returns
The Hidden Logic of Options | Put-Call Parity Explained with Legos
In this episode of Teach Me Like I'm 5, options expert Kris Abdelmessih breaks down one of the most foundational—and misunderstood—concepts in options trading…
- Excess Returns
Too Much Google, Tesla, Nvidia? | Wes Gray & Sri Narayan Explain a Smarter Way Out
In this episode of Excess Returns, we dive deep into one of the most complex and pressing issues facing successful investors today: what to do with…
- Excess Returns
The Fourth Turning Is Now | Neil Howe on the Coming Financial Reset and Who Rebuilds What’s Broken
What does it mean to come of age during chaos—and how does that shape the generations who must lead us through it? In this thought-provoking episode of Rabbit…
- Excess Returns
What Investors Get Wrong About Trade Wars | Kai Wu
In this episode of Excess Returns, Kai Wu of Sparkline Capital returns to break down his latest research piece, Investing Amid Trade Wars. Using over two dozen…
- Excess Returns
The Retail Rally Trap | Kris Sidial on Market Fragility and the Risks of Buy the Dip
In this episode, Kris Sidial joins Jack Forehand and Brent Kochuba to break down the mechanics of tail risk hedging, why most volatility strategies fail, and…
- Excess Returns
Mag Seven Margin Crunch | Cameron Dawson on Tariffs, Recession Risk and the Defensive Investing Trap
Are we heading toward a recession—or just stuck in macroeconomic purgatory? In this episode of Excess Returns, Dave Nadig and Matt Zeigler sit down with…
- Excess Returns
The Market's Best-Kept Secret | Travis Prentice on Momentum's Surprising Edge
In this episode of Excess Returns, Justin and Jack welcome Travis Prentice from Informed Momentum Company to discuss the ins and outs of momentum investing…
- Excess Returns
The Monumental Miscalculation | Jared Dillian on Tariffs, Fed Risks, and Where Markets Go from Here
Join hosts Matt Ziegler and Jack Forehand as they interview Jared Dillian (@DailyDirtNap on Twitter) for a fascinating discussion on current market conditions…
- Excess Returns
The One Lesson: 50 Great Investors Share the One Thing They Would Teach You
When we started Excess Returns, we wanted to come up with one way to boil down the best advice from the experts we have interviewed into one simple question…
- Excess Returns
Behind the Scenes of the Madoff Scandal with a Trader on the Inside | Andrew Cohen
In this episode of Excess Returns, Matt Zeigler sits down with Andrew Cohen, who shares his extraordinary journey from Goldman Sachs trader to working directly…
- Excess Returns
The Colossal Mistake | Richard Bernstein on the Risks of Tariffs and Passive Investing
Join hosts Matt Zeigler and Justin Carbonneau as they sit down with Richard Bernstein, CEO and Chief Investment Officer of Richard Bernstein Advisors. In this…
- Excess Returns
The Secular Bull Market Isn't Dead: Jim Paulsen on Why Tariffs Won't Break It
In this episode of Excess Returns, we are joined by Jim Paulsen of Paulsen Perspectives. We unpack the complexities of tariffs, Federal Reserve policies, and…
- Excess Returns
100 Baggers Leave Fingerprints | Chris Mayer Wrote the Book and Tells You How to Find Them
In this episode of Excess Returns, Matt Zeigler is joined by special co-host Bogumil Baranowski to sit down with Chris Mayer. As the author of the acclaimed…
- Excess Returns
The Fastest Market Selloff Since 2020: Rick Ferri on Tactics to Survive and Thrive
In this episode, we are joined by Rick Ferri, a renowned advocate for low-cost, evidence-based investing. With the market in the midst of a significant…
- Excess Returns
Heading to Recession Island | Will the Trump and Powell Puts Help Us Reverse Course? | Andy Constan
In this episode, we dive into the current economic landscape and its implications for investors with Andy Constan, founder of Damped Spring Advisors. Andy…
- Excess Returns
The Soft Landing is a Myth: Here's What's Really Going on in the Economy | Cullen Roche
Join us for an insightful conversation with Cullen Roche, a renowned financial expert from Discipline Funds, as he breaks down some of the most pressing…
- Excess Returns
Tariffs, Fed Policy, and Finding Value in a Volatile Market | Lindsey Bell and Shannon Saccocia
In this episode of Excess Returns, Matt Ziegler is joined by Lindsey Bell, Chief Market Strategist of Clearnomics, and Shannon Saccocia, Chief Investment…
- Excess Returns
Money Delusions: Barry Ritholtz on the Elusive Definition of Money and How Not to Invest It
Buy Barry's Book https://amzn.to/3F7APZP In this initial episode of Rabbithole of our new show Rabbithole, Dave Nadig explores the psychology of money and…
- Excess Returns
The Market Illusion: Mike Green on Inflation, Geopolitics and the Hidden Recession
In this episode of Excess Returns, Justin and Matt welcome back investment strategist Mike Green for an in-depth conversation about the current state of…
- Excess Returns
Nine Timeless Lessons from 2024 | Larry Swedroe
In this episode, Larry Swedroe shares nine critical lessons that the markets taught investors in 2024. Drawing from decades of experience, Larry explains why…
- Excess Returns
A $33 Billion Value Manager Who Has Actually Outperformed | Scott McBride
In this episode of Excess Returns, Justin and Jack sit down with Scott McBride, CEO and portfolio manager at Hotchkis and Wiley, to explore the approach that…
- Excess Returns
Show Us Your Portfolio: Mike Taylor | Inside the Investment Strategy of a Hedge Fund Veteran
In this episode of Excess Returns, we sit down with Mike Taylor, portfolio manager of Simplify's PINK healthcare ETF, for a fascinating discussion about how he…
- Excess Returns
Tariffs, Bear Markets and the Hidden Knowledge Worker Recession | Dave Nadig and Jason Buck
Welcome to Click Beta - where three market professionals cut through the financial clickbait to have real conversations about what matters. In this premiere…
- Excess Returns
Timeless Lessons from History's Best Traders | Jack Schwager
Market Wizards author Jack Schwager returns for another fascinating conversation about trading psychology, risk management, and lessons learned from…
- Excess Returns
Practical Lessons from Cliff Asness
In this episode, Jack Forehand and Matt Zeigler discuss their fascinating interview with AQR founder Cliff Asness. They explore several key topics from their…
- Excess Returns
Busting 50 Years of Investing Myths | Rob Arnott
In this episode of Excess Returns, Jack Forehand and special guest host Perth Tolle sit down with Rob Arnott, founder of Research Affiliates and pioneer of…
- Excess Returns
Building Intelligent Alpha Portfolios with ChatGPT | Doug Clinton
In this episode of Excess Returns, we sit down with Doug Clinton of Intelligent Alpha to explore the fascinating intersection of AI and investment strategy. We…
- Excess Returns
Beyond the Magnificent Seven: Liz Ann Sonders on Markets, Cycles & Investing
In this episode of Excess Returns, we sit down with Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, for a wide-ranging discussion about…
- Excess Returns
The One Factor That Explains the Struggles of Value, International and Small-Cap Stocks | Kai Wu
In this episode of Excess Returns, we sit down with Kai Wu, founder of Sparkline Capital, for a fascinating discussion about intangible value investing and its…
- Excess Returns
Do You Really Need International Diversification? 10 Top Investors Debate
In this episode, we explore one of investing's most debated topics: international diversification. Through clips from 10 different investing experts, we…
- Excess Returns
Redefining Value Investing in a Magnificent Seven Dominated World | Jacob Pozharny
In this episode of Excess Returns, hosts Jack Forehand and Justin Carbonneau sit down with Jacob Pozharny, partner at Bridgeway Capital Management, to explore…
- Excess Returns
Inside the Secretive World of Pod Shops | Bob Elliott
In this episode of Excess Returns, hosts Justin and Matt sit down with Bob Elliott, founder of Unlimited Funds, to explore the fascinating world of…
- Excess Returns
Dispelling Big Investing Myths | Dan Rasmussen
In this episode of Excess Returns, Jack Forehand and Justin Carbonneau sit down with Dan Rasmussen from Verdad Advisers to discuss his firm's top research…
- Excess Returns
Why Most Investors Won't Buy the Best Diversifier | Andrew Beer on Managed Futures
In this episode of Excess Returns, hosts Justin and Jack sit down with Andrew Beer of Dynamic Beta Investments to explore the fascinating world of managed…
- Excess Returns
What the Rise of Passive Investing Means for Your Portfolio | Special Guest: Dave Nadig
In this episode, Jack Forehand and Matt Zeigler dive deep into one of the most debated topics in modern finance with special guest Dave Nadig. This episode…
- Excess Returns
The Most Misunderstood Bull Market Ever | Jim Paulsen
In this episode of Excess Returns, we sit down with veteran investment strategist Jim Paulsen to discuss the current market landscape and economic outlook…
- Excess Returns
Bigger Extremes, Better Returns | Cliff Asness on the "Less Efficient Market Hypothesis"
In this episode of Excess Returns, we sit down with AQR founder Cliff Asness for a fascinating discussion about market efficiency, behavioral finance, and the…
- Excess Returns
Making Sense of Markets in a Post Election World | Grant Williams and Ben Hunt
In this episode of Excess Returns, Matt Zeigler is joined by Ben Hunt and Grant Williams for a candid discussion of the 2024 post-election landscape and its…
- Excess Returns
Making Money from Market Chaos | Inside the Volatility World with Kris Sidial
In this episode of Excess Returns, Jack Forehand and special guest host Brent Kochuba dive deep into the world of long volatility and tail risk strategies with…
- Excess Returns
A Deep Dive into Micro-Cap Investing | Ian Cassel
In this episode of Excess Returns, we sit down with Ian Cassel, founder of MicroCap Club and Intelligent Fanatics Capital Management. We explore the…
- Excess Returns
The Practical Implications of the Rise of Passive Investing | Mike Green
In this episode, we are joined by Simplify Asset Management's Mike Green. We build on our previous episodes with Mike where we discussed his research on the…
- Excess Returns
An Evidence-Based Look at the Struggles of Value Investing | Larry Swedroe
In this episode of Excess Returns, we sit down with Larry Swedroe to tackle some of the most pressing issues in investing today. We dive deep into topics that…
- Excess Returns
15 Ways to Lose Money in Markets | Ben Carlson
In this episode of Excess Returns, we sit down with Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth and author of the popular…
- Excess Returns
Investing in a Flows Driven World | Cem Karsan
In this episode of Excess Returns, we welcome back Cem Karsan of Kai Volatility Advisors for an in-depth discussion on the current state of markets and the…
- Excess Returns
What Investors Can Learn from a Year-Long Trading Experiment | Brent Donnelly
In this episode, Matt sits down with Brent Donnelly, author of "50 Trades in 50 Weeks: One Year of Good Ideas, Dumb Mistakes, and Timeless Trading Lessons"…
- Excess Returns
What Regular Investors Need to Know About Options Flows | Brent Kochuba
In this episode, we dive deep into the world of options and their impact on market dynamics. We start with an "Options Dealer Flows 101" primer, explaining key…
- Excess Returns
The Case for a Roaring 2020s | Ed Yardeni
In this episode of Excess Returns, we sat down with Ed Yardeni, president of Yardeni Research and YardeniQuickTakes.com. Ed is one of the most accurate and…
- Excess Returns
The Harsh Truth About Investing Edge with Adam Butler
In this episode of Excess Returns, we sit down with our good friend Adam Butler, co-founder and Chief Investment Officer of ReSolve Asset Management. We cover…
- Excess Returns
Value Investing in a Changing World with Aswath Damodaran
In this episode of Excess Returns, we sat down with NYU professor Aswath Damodaran to discuss his new book on the corporate life cycle and get his insights on…
- Excess Returns
Challenging "Stocks for the Long Run" with Jason Buck
In this episode of Excess Returns, we sit down with Jason Buck of Mutiny Funds to examine the idea of stocks for the long run and some potential challenges to…
- Excess Returns
The Mechanics of Deleveragings - And Where the Current One Fits In | Andy Constan
In this episode of Excess Returns, we welcome back Andy Constan, founder of DampedSpring . We cover a wide range of topics, including recent market volatility…
- Excess Returns
Challenging Conventional Investing Beliefs with Meb Faber
In this episode of Excess Returns, we sit down with Meb Faber, founder of Cambria Investment Management, to discuss his unconventional views on investing that…
- Excess Returns
A Safety First Retirement | The 4% Rule and Managing Sequence of Returns Risk with Wade Pfau
In this episode of Excess Returns, our good friend Matt Ziegler interviews retirement planning expert Wade Pfau. They discuss key concepts in retirement income…
- Excess Returns
Value Investing, the Mag 7 and Making Sense of a Changing Market with Tobias Carlisle
In this episode of Excess Returns, we take a deep dive into value investing with our good friend Tobias Carlisle. We discuss the recent outperformance of small…
- Excess Returns
The Case for a Continued Rally with Warren Pies
In this episode of Excess Returns, we speak with Warren Pies of 3Fourteen Research about his unique systematic approach to analyzing markets. We explore his…