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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
Passive Investing, Inflation and the Bifurcated Economy with Mike Green
In this episode we have a fascinating discussion with Mike Green of Simplify about the ongoing impact of passive investing on markets. Mike shares insights…
- Excess Returns
Nine Lessons from Rick Ferri | Simplicity, Fees, Market Efficiency and Lessons from History
In this episode from our sister podcast Two Quants and a Financial Planner, we dive into the key lessons we took from our recent conversation with Rick Ferrii…
- Excess Returns
A Tour of the Macroeconomic Landscape with Bob Elliott
In this episode of Excess Returns, we dive deep into the world of macroeconomics with Bob Elliott of Unlimited Funds. We explore a wide range of topics…
- Excess Returns
Show Us Your Portfolio: Eric Crittenden
In our latest episode of Show Us Your Portfolio, we speak with Standpoint's Eric Crittenden. Eric discusses the all weather approach he uses to construct his…
- Excess Returns
The Benefits of a Simple Investment Approach with Rick Ferri
In this episode of Excess Returns, we sit down with Rick Ferri to discuss a wide range of investing topics. We explore the concept of investing with…
- Excess Returns
Inflation, Valuations and the Benefits of Dividend Growth with Simeon Hyman
In this episode of Excess Returns, we sit down with Simeon Hyman, Global Investment Strategist at ProShares, for a wide-ranging discussion on the current state…
- Excess Returns
Investing in India's Huge Future Potential with Anupam Ghose
In this episode of Excess Returns, we sit down with Anupam Ghose, co-founder of System2 Advisors and sub-advisor to the Simplify Tara India Opportunities ETF…
- Excess Returns
Energy Infrastructure Investing with Greg Reid
In this episode of Excess Returns, we speak with Greg Reid, President of Real Assets at Westwood Group Holdings and lead portfolio manager for their $2 billion…
- Excess Returns
Redefining Moat Investing with Yuri Khodjamirian
In this episode of Excess Returns, we talk Moat investing with Yuri Khodjamirian, CIO of Tema ETFs. We discuss his unique approach to identifying companies…
- Excess Returns
Inside the Berkshire Hathaway Annual Meeting with Adam Mead
In this episode of Excess Returns, we sit down with Adam Mead, founder of Mead Capital Management and author of the Complete Financial History of Berkshire…
- Excess Returns
Corey Hoffstein and Ben Hunt | PNL For a Purpose
On April 30th, 2024, Excess Returns and SpotGamma brought together 24 of the smartest minds in the investing world for an all-day interview event to raise…
- Excess Returns
Mike Green and Mike Taylor | PNL For a Purpose
On April 30th, 2024, Excess Returns and SpotGamma brought together 24 of the smartest minds in the investing world for an all-day interview event to raise…
- Excess Returns
Cem Karsan and Andy Constan | PNL For A Purpose
On April 30th, 2024, Excess Returns and SpotGamma brought together 24 of the smartest minds in the investing world for an all-day interview event to raise…
- Excess Returns
Show Us Your Portfolio: Jared Dillian
In this episode of Show Us Your Portfolio, Jared Dillian, author of the investment newsletter The Daily Dirt Nap and the book "No Worries: How to Live a…
- Excess Returns
Evaluating the Macro Landscape and Finding Great Companies with Jeff Muhlenkamp
In this episode of Excess Returns, we speak with Jeff Muhlenkamp, portfolio manager at Muhlenkamp and Company. We discuss Jeff's views on inflation, the…
- Excess Returns
Navigating the Islands of Macro with Andy Constan
In this episode we are joined by Andy Constan, founder of Damped Spring Advisors. We discuss his outlook on the current economic landscape, why he left "higher…
- Excess Returns
The Case for Value Investing with Tobias Carlisle
David Einhorn recently said that he thinks fundamental investing is broken. If he is right, there would certainly be significant long-term implications for…
- Excess Returns
Value Investing, Inflation and Expected Returns with Rob Arnott
In this episode, Research Affiliates founder Rob Arnott returns for his third appearance on Excess Returns. We cover a wide range of topics, including…
- Excess Returns
The AI Bubble Thesis with Doug Clinton
AI stocks have seen a big run recently. This has led many fundamental-based investors to suggest that things have gotten ahead of themselves. Some have even…
- Excess Returns
Inflation, Bank Failures, Bubbles and Other Lessons from Financial History with Mark Higgins
There have been many significant events in the economy and stock market over the past several years. We have had inflation. We have had bank failures. We have…
- Excess Returns
Investing in the Future of Health Care with Mike Taylor
In this episode, we are joined by Mike Taylor, manager of the Simplify Health Care ETF (PINK). Mike is one of the best healthcare investors out there and has…
- Excess Returns
Show Us Your Portfolio: Bob Elliott
In this episode of Show Us Your Portfolio, we speak with Unlimited Funds founder Bob Elliott. We discuss the unique multi strategy approach he uses to manage…
- Excess Returns
Has Passive Investing Broken the Market? | Mike Green
David Einhorn said in a recent podcast interview that he feels that the market is broken. He has made significant changes to his investment approach as a…
- Excess Returns
The Next Chapter for Inflation with Cullen Roche
With inflation off its highs, but still elevated relative to the Fed's target, there are differing opinions on where we go from here. In this episode…
- Excess Returns
The No Landing Scenario with Cem Karsan
In this episode, our most popular guest returns for his third appearance on Excess Returns. We talk with Kai Volatility founder Cem Karsan about a wide range…
- Excess Returns
Challenging the Foundation of Asset Pricing Theory with Andrew Chen and Alejandro Lopez-Lira
Those of us that invest using factors have been taught that there needs to be a reason why they work. We have been taught that for their excess returns to…
- Excess Returns
Show Us Your Portfolio: Katie Stockton
In our latest episode of Show Us Your Portfolio, we are joined by Fairlead Strategies founder Katie Stockton. We discuss how Katie thinks about managing her…
- Excess Returns
Show Us Your Portfolio: Andrew Beer
In this episode, we speak with DBi founder Andrew Beer about his approach to managing his personal portfolio. We discuss how Andrew looks at his portfolio in…
- Excess Returns
High Conviction Value Investing with Chris Davis
In this episode, we are privileged to be joined by Chris Davis, Chairman and Portfolio Manager of Davis Advisors. Chris has built an outstanding long-term…
- Excess Returns
What Generative AI Means for Investors with Adam Butler
Generative AI is probably the most rapidly developing technology we have ever seen. In this episode, we dig deep into it and its potential impact on both our…
- Excess Returns
100+ Great Investors Share Their Most Important Investing Lesson
We have now conducted over 100 interviews on Excess Returns. At the end of all of them, we have asked the same closing question: Based on your experience in…
- Excess Returns
Show Us of Your Portfolio II: Larry Swedroe on Alternatives and Interval Funds
This episode is the first part II our Show Us Your Portfolio series. When we originally spoke to Larry Swedroe, we were very intrigued by his use of illiquid…
- Excess Returns
Value, Momentum and Launching ETFs with Wes Gray
In this episode, we are joined by Wes Gray, founder of Alpha Architect and ETF Architect. We cover his biggest lessons from growing the businesses from a…
- Excess Returns
Navigating the Factor Zoo with Matthias Hanauer
In this episode, we talk factor investing with Robeco's Matthias Hanauer. Matthias has written some excellent research papers on a variety of factor investing…
- Excess Returns
The Enduring Legacy of Charlie Munger with Lawrence Cunningham
In this episode, we discuss the incredible life and investing career of Charlie Munger with George Washington Professor Lawrence Cunningham. Lawrence in one of…
- Excess Returns
Lessons From a Legendary Fund Manager with Joel Tillinghast
In this episode, we speak with Joel Tillinghast, who will retire as the manager of the Fidelity Low-Priced Stock Fund at the end of this year. Joel managed the…
- Excess Returns
How Popular Market Indexes Are Constructed with Athanasios Psarofagis
Most investors reference the returns of popular indexes frequently. But most also do not understand the details of how those indexes are constructed. In this…
- Excess Returns
From Quant Investing to Venture Capital with Jim O'Shaughnessy
In this episode we bring back one of our most popular guests. We speak with O'Shaughnessy Ventures founder Jim O'Shaughnessy about his transition from a factor…
- Excess Returns
Understanding the Changing Macro Landscape with Warren Pies and Fernando Vidal
In this episode, we speak with 3Fourteen Research founders Warren Pies and Fernando Vidal. We discuss 3Fourteen’s systematic macro process and how they are…
- Excess Returns
A Deep Dive into Credit Investing with Joe Hegener
In this episode, we take an in depth look at the credit market with Asterozoa Capital CIO Joe Hegener. We cover the basics of the credit market, the current…
- Excess Returns
Quantifying Self Attribution Bias with Meng Wang
When fund managers outperform, they tend to attribute it to their skill. When they underperform, they tend to blame external factors. While that information…
- Excess Returns
All Weather Investing with Eric Crittenden
In this episode, we talk all weather investing with Standpoint's Eric Crittenden. We discuss the case for an all weather strategy relative to a stock and bond…
- Excess Returns
The OPEX Effect with Jack, Justin and Brent Kochuba
We have launched a new podcast called the OPEX Effect with Spotgamma's Brent Kochuba. The monthly podcast will look at the impact of options on the stock…
- Excess Returns
Behind the Podcast: Flirting with Models | Corey Hoffstein
In this episode we take a behind the scenes look at one of our favorite podcasts, Flirting with Models, with its host Corey Hoffstein. We discuss the podcast's…
- Excess Returns
Show Us Your Portfolio: Jerry Parker
In this episode we speak with Chesapeake Capital founder Jerry Parker about how he manages his personal portfolio. We discuss Jerry's trend following based…
- Excess Returns
Lessons From 30 Years as a Value Investor | Steve Romick
In this episode, we speak with FPA Crescent Manager Steve Romick. Steve has built an exceptional long-term record using an approach that combines value…
- Excess Returns
Excess Returns After Hours with Tobias Carlisle | Some Much Needed Therapy for Value Investors
It has been a painful last decade for value investors. In this episode, our good friend Tobias Carlisle returns to commiserate about the struggles of value and…
- Excess Returns
Quantitative Asset Management - Building Systematic Real-World Strategies with Michael Robbins
In this episode, we take a deep div into quantitative investing with Michael Robbins, author of the new book "Quantitative Asset Management: Factor Investing…
- Excess Returns
Conservative Investing - Using Trend Following to Manage Risk and Drawdowns with James St. Aubin
In this episode, we talk trend following and conservative investing with Sierra Mutual Funds CIO James St. Aubin. We talk about their unique banded moving…
- Excess Returns
Show Us Your Portfolio: Andy Constan
In this episode of Show Us Your Portfolio, we speak with Damped Spring Advisors founder Andy Constan. Andy has spent his career working at some of the most…
- Excess Returns
Show Us Your Portfolio: Cullen Roche
In this episode, our good friend Cullen Roche returns to the podcast for his 5th appearance. But this time, instead of talking about the macroeconomy as we…
- Excess Returns
High Quality Growth Investing in Europe with Alistair Wittet
In this episode, we speak with Comgest portfolio manager Alistair Wittet We discuss his approach for building a focused portfolio of high-quality European…
- Excess Returns
The Opportunity in Emerging Markets with AQR's Dan Villalon
International stocks, and particularly emerging market stocks, have struggled relative to US stocks for a long time. That has led some to suggest that…
- Excess Returns
Lessons from Evaluating Investment Managers with Clare Flynn Levy
In this episode, we speak with Essentia Analytics founder Clare Flynn Levy. Essentia has developed software to evaluate investment managers and help them…
- Excess Returns
A Quant and a Financial Planner Discuss Factor Investing
In this episode Jack and Matt Zeigler look at factor investing from both the perspective of someone who builds quantitative strategies and someone who utilizes…
- Excess Returns
Show Us Your Portfolio: Gary Antonacci
In this episode, we speak with Optimal Momentum founder and author of "Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Risk" Gary…
- Excess Returns
Narrative as an Investing Factor with Ben Hunt
Narratives are everywhere in the investing world. They influence what we think as investors. They also influence the decisions we make. Behind the scenes…
- Excess Returns
Show Us Your Portfolio: Adam Butler
In this episode we speak with ReSolve Asset Management CIO Adam Butler about how he manages his personal portfolio. We discuss how Adam builds a portfolio of…
- Excess Returns
Finding Great Growth Companies with David Rolfe
In this episode, we talk growth investing with Wedgewood Partners Chief Investment Officer David Rolfe. We discuss the characteristics of great growth…
- Excess Returns
What Investors Need to Know About Emerging Market Debt with VanEck's Eric Fine
In this episode, we take a deep dive into emerging market debt with VanEck's Eric Fine. We discuss Eric's unique background that led him to the emerging market…