Excess Returns Podcasts
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- Excess Returns
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- Teach Me Like I'm Five: Investing Concepts Made Simple
Markets Panicked Over Tariffs. They Missed the Real Risk | Aahan Menon on What’s Next
In this episode of Excess Returns, we speak with Aahan Menon, founder of Prometheus Research, about how his firm uses a systematic, data-driven approach to macro investing. Aahan breaks down how Prome...
The Fourth Turning is Here. But Most Investors Miss What It Means | Practical Lessons from Neil Howe
Our full interview with Neil https://youtu.be/HOub3bmUGV4 In this episode, Matt Zeigler and Dave Nadig dive deep into the most popular episode on the Excess Returns channel to date: our interview with...
All-Time Highs. Record Complacency | What the Options Market Tells Us About What Comes Next
Full video primer on options dealer flows we referenced in the video: https://youtu.be/ZgIrwrG7uKM In this episode, Brent Kochuba of SpotGamma joins Jack Forehand to break down the July options expira...
The Hidden Flows Behind Big Market Moves | How Options Impact the Stock Market
In this episode of Teach Me Like I'm Five, Brent Kochuba of SpotGamma breaks down the increasingly powerful role of options dealer flows in shaping stock price movements. Whether you're an active trad...
The Great Moderation is Over. The Great Convergence is Here | Luca Paolini on What Comes Next
In this episode of Excess Returns, we sit down with Luca Paolini, Chief Strategist at Pictet Asset Management, to unpack the firm’s powerful 2025 Secular Outlook: The Great Convergence. Paolini walks ...
The Colossal Mistake | The Danger of Narrow Markets — Practical Lessons from Richard Bernstein
In this episode of Excess Returns, Jack and Matt break down the timeless investing wisdom shared by legendary strategist Richard Bernstein. Drawing on decades of experience, including his time as Merr...
The Market That Won’t Break | Why Risk Doesn’t Matter (Yet)
In this episode of Click Beta, Matt Zeigler, Jason Buck, and Dave Nadig dive deep into the paradoxical world of modern markets where geopolitical chaos meets relentless bullish sentiment. From potenti...
75% of Investors Will Disagree with These Ideas | Evidence Says They are True
Some of the most insightful investment conversations start with a single question: “What do you believe that most of your peers disagree with?” In this episode of Excess Returns, Jack Forehand and Mat...
The Best Diversifier | Eric Crittenden on the Perfect Complement for 60-40
In this episode of Excess Returns, Matt Zeigler and Jason Buck sit down with Eric Crittenden, CIO of Standpoint Funds, for a wide-ranging and candid discussion about trend following, risk transfer mar...
The Dividend Trap | The Lesser-Known Strategy that Beats High Yield - Ryan Krueger
What Dividend Investors Get Wrong — and How to Fix It What if the traditional retirement planning model is broken — and dividend growth investing holds the key to a better path? In this episode, we si...
A Housing Market on Edge | Redfin Chief Economist Daryl Fairweather on What Comes Next
🎙️ What happens when the U.S. housing market shifts from a seller’s dream to a buyer’s battleground? In this episode of Excess Returns, Redfin Chief Economist and author of Hate the Game, Daryl Fairw...
The Value Investing Delusion | Robert Hagstrom on the Real Key to Compounding
Legendary investor and author Robert Hagstrom joins Excess Returns to explore timeless investing principles—and how they’ve evolved in today’s market. In this wide-ranging conversation, Robert shares ...
Recession Indicators Are Breaking. Inflation Isn’t | Megan Horneman on What Comes Next
In this episode of Excess Returns, we speak with Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, about her firm’s 2025 outlook, “The Year of Fragile Optimism.” Megan shares her ...
The Hidden Risk Behind ETF Growth | Eric Balchunas and Dave Nadig Debate If We've Gone Too Far
ETF innovation or madness? In this episode of Rabbithole, Dave Nadig is joined by Bloomberg’s Eric Balchunas for a candid and wide-ranging conversation on the explosion of new ETFs—some useful, some r...
The Rally No One Trusts | What the Options Market Tells Us About What Comes Next
In the latest episode of the OPEX Effect, Jack Forehand and Brent Kochuba dive deep into the dynamics shaping the current market regime, with a particular focus on the upcoming June OPEX, dealer posit...
Broken Data. Hidden Opportunity | GMO's Warren Chiang on Deep Value’s Historic Setup
GMO’s Warren Chiang joins us for a deep dive into the art and science of systematic value investing. In this episode, Warren shares how his team has refined traditional value investing to adapt to an ...
The Strongman Breaking Point | Peter Atwater on Why Something Has to Give
In this episode of Excess Returns, Matt Zeigler sits down with Peter Atwater—President of Financial Insyghts, author of The Confidence Map, and expert on decision-making under uncertainty. Peter lays ...
20,000 Watched in Silence. Then Buffett Dropped the Bombshell. | What It Means for Berkshire
In this special episode of Excess Returns, Matt Zeigler is joined by Bogumil Baranowski to reflect on one of the most emotional and historic moments in financial history: Warren Buffett’s surprise ann...
$66 Billion. 17 Straight Outperforming Years | The Overlooked Strategy David Giroux Used To Do It
David Giroux, CIO and Head of Investment Strategy at T. Rowe Price Investment Management, has achieved something rare in investing—beating his Morningstar peer group for 17 consecutive years. In this ...
The $9 Trillion Risk | Rupert Mitchell on What Follows US Dominance
In this episode of Excess Returns, Matt Zeigler sits down with Rupert Mitchell—founder of Blind Squirrel Macro—for an insightful, opinionated, and often humorous discussion on global market dynamics, ...
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 Gubler, Director of Quantitative Research at ...
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 of the market through the lens of technic...
The Stimulus Deception | Rob Arnott on the Unexpected Impact of Deficit Spending
In this episode of Excess Returns, we welcome back Research Affiliates founder Rob Arnott to explore his provocative research challenging mainstream economic assumptions. Rob walks us through why gove...
The Big Beautiful Debt Delusion | The Real Risk Behind Tax Cuts and Deficits
In this episode of Click Beta, Dave Nadig, Matt Zeigler, and Jason Buck go deep on the messy realities of U.S. fiscal policy, the politics of taxation and spending, and what it really means to “get ou...
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: put-call parity. Using Lego analogies, h...
The Great Distortion: The Hidden Impact of Passive Investing | Practical Lessons from Mike Green
In this episode of Excess Returns, we explore the profound impact of passive investing with one of the most provocative thinkers in the space—Mike Green. Mike has developed a framework that challenges...
Too Much Google, Tesla, Nvidia? | Wes Gray & Srikanth 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 concentrated stock positions. Whether from employee ...
Decoding Volatility with the Rule of 16 | Teach Me Like I'm Five
In this episode of our new show Teach Me Like I'm 5, we’re joined by Mat Cashman, Principal of Investor Education at the OCC, to break down a powerful yet often overlooked concept in options trading: ...
The Hidden Retirement Risk - And How to Manage It | Practical Lessons from Wade Pfau
In this episode of Excess Returns, we dive deep into the fundamentals of retirement planning with one of the most respected researchers in the field—Wade Pfau. Wade is known for blending rigorous acad...
The Fourth Turning is Here | Neil Howe Explains What Comes Next
For commentary and full transcript, visit https://www.nadig.com 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-provo...
The Hidden Trade War Opportunity | Kai Wu on the Real Edge Investors Are Missing
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 insightful visuals, Kai explores how inv...
The Number Go Up Regime - And What Comes After It | Practical Lessons from Ben Hunt & Grant Williams
In this episode, we dive deep into some of the most thought-provoking ideas from two of the most original minds in investing: Ben Hunt and Grant Williams. Through a curated selection of powerful clips...
The Fragile Rally | What the Options Market Tells Us About What Comes Next
In this episode of Excess Returns, Jack Forehand and Brent Kochuba from SpotGamma break down the forces at play beneath the surface of the market as we head into the May 2025 options expiration (OPEX)...
The Retail Rally Trap | Kris Sidial on Volatility, Liquidity and What Comes Next
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 how his team approaches dislocations in th...
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 Cameron Dawson, CIO of NewEdge Wealth, to explo...
The Domino's Recession Indicator | The Risks Markets Are Missing
In this episode of Click Beta, Matt Zeigler, Dave Nadig, and Jason Buck dive into the complex state of the U.S. economy — from recession signals and tariffs to shifting consumer behavior and surprisin...