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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
Investing in Companies That Put Shareholders First with Joseph Boskovich
In this episode, we speak with Old West's Joseph Boskovich about their process for uncovering companies that focus on adding value for their shareholders. We…
- Excess Returns
Building a Six Factor Model Using Intangible Value with Kai Wu
In this episode, we speak with Sparkline Capital founder Kai Wu about his excellent recent paper "Intangible Value: A Sixth Factor". We discuss his research on…
- Excess Returns
Show Us Your Portfolio: Larry Swedroe
In our latest episode of Show Us Your Portfolio, we speak with Buckingham Strategic Wealth's Larry Swedroe. Larry has dedicated his career to educating…
- Excess Returns
Factor Investing for Retirement with DFA's Mathieu Pellerin
In this episode, we combine two of the topics we often cover on the podcast. We talk both retirement planning and factor investing with Dimensional Fund…
- Excess Returns
A Tour Around the Options World with SpotGamma's Brent Kochuba
There has been a lot going on in the options world that is impacting the stock market. The use of 0DTE (0 days to expiration) options has risen dramatically in…
- Excess Returns
Replicating Hedge Funds, Lessons from Bridgewater and the Outlook for Inflation with Bob Elliott
In this episode, we speak with Unlimited Funds founder Bob Elliott. We discuss the general landscape of the hedge fund industry including the strategies hedge…
- Excess Returns
Seeking Persistent Growth in Technology Investing with Deepwater’s Gene Munster and Doug Clinton
Finding companies that can sustain persistent growth over long periods of time can lead to exceptional returns. Those of us who have witnessed the returns of…
- Excess Returns
Bridging Financial Planning and Factor Investing with Northern Trust's Peter Mladina
In this episode, we speak with Northern Trust's Peter Mladina. Peter has published extensive research in the areas of both financial planning and factor…
- Excess Returns
The Impact of ChatGPT on Investing with Alejandro Lopez-Lira
Like many investors, we have been thinking a lot about the impact that AI and large language models will have on investing. In this episode, we bring in an…
- Excess Returns
Bridging Academic Research and Real World Investing with Vanguard's Kevin Khang
In this episode, we speak with Vanguard's Head of Active and Alternatives Research Kevin Khang. Kevin offers a unique perspective due to his experience both as…
- Excess Returns
New YouTube Episode: 70 Experts Share Their Most Important Investing Lesson
In the first 200+ episodes of our podcast, we have interviewed many investing experts. At the end of all of those episodes, we have asked the same closing…
- Excess Returns
Show Us Your Portfolio: Harin de Silva
In our latest episode of Show Us Your Portfolio, we speak with Harin de Silva, Portfolio Manager at Allspring Global. We talk to Harin about how he manages his…
- Excess Returns
Show Us Your Portfolio: Mike Green
In this episode we talk to Simplify Asset Management's Mike Green about how he manages his personal portfolio. We discuss Mike's macro-based approach and how…
- Excess Returns
Show Us Your Portfolio: Jason Buck
In this episode we speak with Mutiny Funds co-founder Jason Buck about how he manages his personal portfolio. Jason couldn't find any publicly available funds…
- Excess Returns
Talking Technical Analysis with Katie Stockton
In this episode we talk technical analysis with Fairlead Strategies founder Katie Stockton. As fundamental investors, this one was a great learning experience…
- Excess Returns
Inside the High Yield Debt Market with Rajay Bagaria
In this episode, we talk high yield debt investing with Rajay Bagaria, CIO of Wasserstein Debt Opportunities and author of "High Yield Debt: An Insider’s Guide…
- Excess Returns
Show Us Your Portfolio: Cem Karsan
In this episode we speak with Cem Karsan, the most popular guest from our first 200 episodes. But this time, we changed things up and asked him to talk about…
- Excess Returns
Enduring Investing and Life Lessons with Guy Spier
In this episode, we speak with Guy Spier. Guy has built a very successful long-term track record as a value investor, but the lessons we can learn from him go…
- Excess Returns
Factor Investing in Under the Radar Markets with Chris Covington
In this episode, we talk factor investing with AJO Vista Head of Investments Chris Covington. We discuss their unique approach to factor investing and how they…
Excess ReturnsA Deep Dive into Custom and Direct Indexing with Ehren Stanhope
Direct Indexing has experienced rapid growth in recent years. Falling transaction costs and improving technology has allowed more and more investors to deploy…
- Excess Returns
Building an Inflation Fighting Portfolio With Dave Schassler
With inflation returning after being dormant for decades, many investors have had a renewed interest in adding inflation fighting assets to their portfolios…
- Excess Returns
What Investors Need to Know About the Collapse of Silicon Valley Bank with Cullen Roche
With the failure of Silicon Valley Bank last week, we wanted to do a special episode to better understand what happened, and what all of us can learn from it…
- Excess Returns
A Detailed Look at the "Night Effect" with Bruce Lavine
You might think that the return profile of the market looks similar during the day and overnight. But research has shown that isn't the case. In this episode…
- Excess Returns
The Education of a Financial Planner: A Primer on College Saving and Planning
We are happy to announce the launch of our second podcast, The Education of a Financial Planner. We have been doing more financial planning with clients and…
Excess ReturnsShow Us Your Portfolio: Corey Hoffstein
In our latest Show Us Your Portfolio episode, we speak with Newfound Research founder Corey Hoffstein. We discuss how he constructs his personal portfolio and…
Excess ReturnsNew Podcast - The Education of a Financial Planner: Episode 1: Goals-Based Planning
We are happy to announce the launch of our second podcast, The Education of a Financial Planner. We have been doing more financial planning with clients and…
- Excess Returns
The Four Pillars of Macro with Andy Constan
In this episode we speak with Damped Spring Advisors founder Andy Constan. Andy has built a unique macro framework that incorporates growth, inflation, flows…
- Excess Returns
A Deep Dive Into Earnings Quality with Columbia Professor Doron Nissim
Many investors take for granted that the earnings and other financial data that companies report provides an accurate representation of their business and its…
- Excess Returns
Relative Sentiment Investing with Ray Micaletti
We all often hear about the importance of sentiment in investing. But how to use it can be elusive. This week we are joined by someone who has done the…
- Excess Returns
The Art and Science of Intelligent Fund Selection with Joe Wiggins
In this episode we talk fund selection with Joe Wiggins, author of the new book "The Intelligent Fund Investor: Practical steps for better results in active…
- Excess Returns
Inside the Madoff Scandal with Madoff Trader and Investor Andrew Cohen
With the recent release of the Netflix documentary "Madoff: The Monster of Wall Street," many of us have been learning more of the details behind the scandal…
- Excess Returns
Value Investing and Lifelong Learning with Cole Smead
In this episode, we speak with Smead Capital CEO and Portfolio Manager Cole Smead. Smead Capital has built a strong long-term record using a unique approach to…
- Excess Returns
A Complete Guide to Factor Investing with Andy Berkin
In this episode, we speak with Andy Berkin, Head of Research at Bridgeway and co-author of "Your Complete Guide to Factor Investing: The Way Smart Money…
- Excess Returns
The Biggest Lessons From Our Five Most Popular Podcasts of 2022
2022 was a great year for Excess Returns. We were able to interview some of the smartest people we know and more than doubled our audience as a result of the…
- Excess Returns
High Quality Value Investing with a Tactical Twist With Jeff Muhlenkamp
In this episode, we speak with Jeff Muhlenkamp. Jeff is the manager of the Muhlenkamp Fund, which has managed client money for over three decades. We discuss…
- Excess Returns
Innovative Small ETF Firms Challenging the Big Players
The ETF industry is dominated by the big players. They control most of the assets and they have some clear advantages over the smaller companies within the…
- Excess Returns
What Investors Need to Know About Geopolitics with Marko Papic
In this episode, we talk Geopolitics with Marko Papic, Chief Strategist at the Clocktower Group. We look at his framework for analyzing the geopolitical…
- Excess Returns
An Evidence-Based Approach to Markets with Larry Swedroe
In this episode we speak with Buckingham Strategic Wealth's Head of Financial and Economic Research Larry Swedroe. Larry is one of the most prolific producers…
- Excess Returns
Talking Convexity, Interest Rates and the Future of Inflation with Harley Bassman
In this episode we are joined by Harley Bassman, Managing Partner at Simplify ETFs. Harley's work on convexity and how to utilize it in portfolios earned him…
- Excess Returns
A Common Sense Approach to Markets with Ben Carlson
In this episode we talk with Ben Carlson, author of the popular A Wealth of Common Sense blog and Director of Institutional Asset Management at Ritholtz Wealth…
- Excess Returns
Show Us Your Portfolio: Ben Hunt
When we started Show Us Your Portfolio, we assumed there would be one major requirement for each interview - a portfolio. But it turns out one of the most…
- Excess Returns
Talking Trend Following with Original Turtle Trader Jerry Parker
In this episode, we talk Trend Following with Chesapeake Capital founder Jerry Parker. We talk about his participation in Richard Dennis' famous turtle trading…
- Excess Returns
Show Us Your Portfolio: Ryan Kirlin
In our first nine episodes of Show Us Your Portfolio, we spoke to some great investors and looked at some really interesting investment approaches. But one…
- Excess Returns
Show Us Your Portfolio: Rob Arnott
In this episode we speak with Research Affiliates founder Rob Arnott about how he manages his personal portfolio. We talk about how Rob thinks about the role…
- Excess Returns
Replicating Hedge Fund Strategies with Andrew Beer
Hedge funds are typically considered a place where high net worth investors can invest in sophisticated investment strategies that the average investor doesn't…
- Excess Returns
Show Us Your Portfolio: Dr. Daniel Crosby
In this edition of Show Us Your Portfolio, we speak with Dr. Daniel Crosby. Daniel is an expert an investor behavior and the Chief Behavioral Officer at Orion…
- Excess Returns
Low Volatility Investing and the Conservative Formula with Pim van Vliet
In this episode we talk Low Volatility investing with Pim van Vliet, who is the Head of Conservative Equities and Quantitative Equities at Robeco. Pim's book…
- Excess Returns
Show Us Your Portfolio: Brent Kochuba
In this episode of Show Us Your Portfolio, we speak with SpotGamma founder Brent Kochuba. We had Brent on the podcast previously in episode 151 where we…
- Excess Returns
Six Experts Help Us Understand the Future of the 60-40 Portfolio – And Some Alternatives to It
The 60-40 portfolio forms the core of many investors' long-term portfolio allocations. And it has worked exceptionally well over the past 40 years. But the…
- Excess Returns
Show Us Your Portfolio: Darius Dale
In our latest episode of Show Us Your Portfolio we speak with 42 Macro founder Darius Dale. We discuss his systematic macro process and how he applies it to…
- Excess Returns
Show Us Your Portfolio: Ryan Krueger
We have looked at a variety of different investing strategies so far in our Show Us Your Portfolio series. We have talked to investors who use factor-based…
- Excess Returns
Everything Investors Need to Know About Federal Reserve Policy with Cullen Roche
There has been a lot of debate about Federal Reserve policy in the wake of the pandemic. But many of those involved in that debate want to promote a specific…
- Excess Returns
Talking All Things Value Investing with Tobias Carlisle
This week we are joined by our good friend and first three time guest on the podcast Tobias Carlisle. We talk about a wide range of value investing topics…
- Excess Returns
Show Us Your Portfolio: Rick Ferri
Our first few episodes of Show Us Your Portfolio looked at some thoughtful, evidence-based approaches to portfolio construction. But we also noticed after…
- Excess Returns
Show Us Your Portfolio: Phil Huber
In our latest episode of Show Us Your Portfolio we speak to Savant Wealth CIO Phil Huber. We discuss Phil's approach to building his personal portfolio and the…
- Excess Returns
Constructing an Intangible Asset Based Value Strategy with Kai Wu
Research has shown that value investing needs to change. Our economy has transitioned from one dominated by tangible assets like buildings and equipment to one…
- Excess Returns
What is the One Lesson You Would Teach the Average Investor? Ten Great Investors Tell Us
In each episode of Excess Returns we ask all our guests one standard closing question: Based on your experience in markets, if you could teach one lesson to…
- Excess Returns
Value Investing, Compounding and Lifelong Learning with Gautam Baid
In this episode we speak with Gautam Baid, author of The Joys Of Compounding: The Passionate Pursuit Of Lifelong Learning. We talk about the power of…
- Excess Returns
Finding Opportunity in the Technology Stock Storm with Robert Cantwell and Lars Cianciolo
After years of very strong performance, technology and growth stocks have had a much more difficult time in the last 18 months. Many of the highest multiple…
- Excess Returns
Option Dealer Flows, Inflation and Investing in a Changing World with Cem Karsan
In this episode we are joined by Kai Volatility founder Cem Karsan. Cem has led the way in educating investors about the importance of option dealer flows and…