Excess Returns Podcasts

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The Great Moderation is Over: Here is What Comes Next | Practical Lessons from Liz Ann Sonders

The Great Moderation is Over: Here is What Comes Next | Practical Lessons from Liz Ann Sonders

In this episode, we break down key lessons from our conversation with Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, exploring timeless investment principles and market dynamics that ...

One of the Fastest Corrections in History: What the Options Market Tells Us About What Comes Next
The OPEX EffectMarch 15, 202501:06:04

One of the Fastest Corrections in History: What the Options Market Tells Us About What Comes Next

In the latest episiode of the OPEX Effect, Jack Forehand and Brent Kochuba take a look behind the scenes of the big market selloff and the options flows driving it. They break down the massive options...

Tariffs Have Caused Chaos in Markets | Here is Why They May Not Derail the Economy
Excess ReturnsMarch 13, 202501:03:19

Tariffs Have Caused Chaos in Markets | Here is Why They May Not Derail the Economy

In this episode of Excess Returns, host Matt Zeigler is joined by Lindsey Bell, Chief Market Strategist of Clearnomics, and Shannon Saccocia, Chief Investment Officer of Wealth at Neuberger Berman. Th...

Value Investing Had One of Its Worst Periods in History | Here is What Data Tells Us Comes Next

Value Investing Had One of Its Worst Periods in History | Here is What Data Tells Us Comes Next

In this episode, Jack and Matt dive deep into the state of value investing with special guest Tobias Carlisle, founder of the Acquirers Funds and author of multiple books on value investing. In this i...

Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It
RabbitholeMarch 07, 202500:36:50

Why Money Isn't What You Think: Barry Ritholtz on the Meaning of Money and How NOT to Invest It

Buy Barry's Book https://amzn.to/3F7APZP In this initial episode of Rabbithole, Dave Nadig explores the psychology of money and investing with Barry Ritholtz, author of "How Not to Invest." Their conv...

The Less Than Strategic Reserve: What Happens When Government Hedges Its Own Currency?
Click BetaMarch 05, 202501:05:14

The Less Than Strategic Reserve: What Happens When Government Hedges Its Own Currency?

In this episode of Click Beta, Matt Zeigler, Dave Nadig, and Jason Buck bring their financial expertise to the table for an unfiltered discussion about today's most pressing economic issues. Unlike ot...

Markets Always Return to Economic Reality | Bob Elliott Explains How It Happens

Markets Always Return to Economic Reality | Bob Elliott Explains How It Happens

In this compilation episode of Excess Returns, hosts Jack Forehand and Matt Zeigler bring you the most valuable insights from our interviews with Bob Elliott, founder of Unlimited Funds and former hea...

Data Says We Haven't Had a Recession: Mike Green on the Hidden Metrics That Tell a Different Story
Excess ReturnsFebruary 27, 202500:57:02

Data Says We Haven't Had a Recession: Mike Green on the Hidden Metrics That Tell a Different Story

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 markets, economic trends, and geopolitical deve...

The 'Golden Age of Dip Buying' Is Over: Here is What Comes Next | Practical Lessons from Warren Pies
Two Quants and a Financial PlannerFebruary 24, 202501:03:28

The 'Golden Age of Dip Buying' Is Over: Here is What Comes Next | Practical Lessons from Warren Pies

In this episode, Jack and Matt dive deep into unique perspectives on markets and investing through the lens of Warren Pies and Fernando Vidal's innovative research approaches. They explore: A fresh ta...

Investors Made These 9 Costly Mistakes in 2024 | Larry Swedroe Explains How to Fix Them
Excess ReturnsFebruary 21, 202501:05:14

Investors Made These 9 Costly Mistakes in 2024 | Larry Swedroe Explains How to Fix Them

In this episode, Larry Swedroe shares nine critical lessons that the markets taught investors in 2024. Drawing from decades of experience, Larry explains why market forecasts consistently fail, why va...

Danger in Market Calm? What the Options Market Tells Us About What Comes Next
The OPEX EffectFebruary 19, 202501:12:27

Danger in Market Calm? What the Options Market Tells Us About What Comes Next

In this episode, Jack Forehand and Brent Kochuba analyze the current state of the options market heading into the February 2024 options expiration. They explore several critical themes, including: Why...

Why Hidden Option Flows Move Markets | Practical Lessons from Cem Karsan
Two Quants and a Financial PlannerFebruary 17, 202501:04:10

Why Hidden Option Flows Move Markets | Practical Lessons from Cem Karsan

In this episode of Excess Returns, Matt and Jack explore key lessons from one of our most popular guests, Cem Karsan. Through selected clips from multiple interviews, they unpack Karsan's unique insig...

A $33 Billion Value Manager Who Has Actually Outperformed | Scott McBride
Excess ReturnsFebruary 13, 202500:49:43

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 has allowed them to succeed during a time ...

Recession Indicators Aren't Working Anymore: Jim Paulsen Explains What That Means for Investors
Two Quants and a Financial PlannerFebruary 10, 202501:05:58

Recession Indicators Aren't Working Anymore: Jim Paulsen Explains What That Means for Investors

In this episode, Matt and Jack break down key insights from our interview with market strategist Jim Paulsen. Paulsen offers unique perspectives on how markets have evolved over his 40-year career, fr...

How a Former Citadel Trader Builds His Personal Portfolio | Mike Taylor
Show Us Your PortfolioFebruary 07, 202501:05:15

How a Former Citadel Trader Builds His Personal Portfolio | Mike Taylor

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 mansges his personal portfolio. Drawing ...

Bear Markets, Tariffs and the Hidden Knowledge Worker Recession
Click BetaFebruary 05, 202501:03:40

Bear Markets, Tariffs and the Hidden Knowledge Worker Recession

Welcome to Click Beta - where three market professionals cut through the financial clickbait to have real conversations about what matters. In this premiere episode, hosts Matt Zigler, Jason Buck, and...

Practical Lessons from Jason Buck | The Benefits of an All-Weather Investment Strategy
Two Quants and a Financial PlannerFebruary 03, 202500:48:58

Practical Lessons from Jason Buck | The Benefits of an All-Weather Investment Strategy

In this episode, Jack and Matt dive deep into their conversation with Jason Buck about building truly robust investment portfolios that can withstand any market environment. Moving beyond the typical ...

Inside the Minds of History's Best Traders | Jack Schwager
Excess ReturnsJanuary 30, 202501:07:44

Inside the Minds of 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 interviewing the world's top traders. In this wide-...

Practical Lessons from Ed Yardeni
Two Quants and a Financial PlannerJanuary 27, 202500:52:23

Practical Lessons from Ed Yardeni

In this deep-dive conversation, Jack Forehand and Matt Zeigler break down key insights from their interview with Dr. Ed Yardeni, one of Wall Street's most respected market strategists. The discussion ...

Busting 50 Years of Investing Myths | Rob Arnott
Excess ReturnsJanuary 23, 202501:12:15

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 fundamental indexing. Rob discusses his thou...

Practical Lessons from Cliff Asness
Two Quants and a Financial PlannerJanuary 20, 202500:58:09

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 conversation, including: Cliff's humorous ...

Building an Intelligent Alpha ETF with ChatGPT | Doug Clinton
Excess ReturnsJanuary 16, 202500:58:10

Building an Intelligent Alpha ETF 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 discussed how Doug is using large langua...

The Calm Before the Storm? | The Warning Signs Inside the Options Market
The OPEX EffectJanuary 15, 202500:58:49

The Calm Before the Storm? | The Warning Signs Inside the Options Market

Join Brent Kochuba and Jack Forehand as they analyze the current market landscape and what options flows tell us about potential volatility ahead. The duo dives deep into why the market may be underpr...

Practical Lessons from Warren Buffett
Two Quants and a Financial PlannerJanuary 13, 202500:54:29

Practical Lessons from Warren Buffett

In this episode of "Two Quants and a Financial Planner," we break down some of Warren Buffett's most important investing lessons and life wisdom through a series of interview clips and annual meeting ...

The Great Moderation is Over | Liz Ann Sonders Explains What Comes Next for Markets and the Economy
Excess ReturnsJanuary 09, 202501:02:11

The Great Moderation is Over | Liz Ann Sonders Explains What Comes Next for Markets and the Economy

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 markets, the economy, and investing. We explore ...

Practical Lessons from Larry Swedroe | Why Evidence Beats Market Narratives
Two Quants and a Financial PlannerJanuary 06, 202501:02:42

Practical Lessons from Larry Swedroe | Why Evidence Beats Market Narratives

In this episode of "Two Quants and a Financial Planner," we explore key insights from our previous conversations with Larry Swedroe, one of investing's most evidence-based thinkers. Through a series o...

The One Factor That Explains the Struggles of Value, International and Small-Cap Stocks | Kai Wu
Excess ReturnsJanuary 02, 202501:00:49

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 global applications. Kai shares his expe...

The Unforecast Episode: Making Our 2025 Market Calls to Show Why Forecasting is a Waste of Time
Two Quants and a Financial PlannerDecember 30, 202401:00:33

The Unforecast Episode: Making Our 2025 Market Calls to Show Why Forecasting is a Waste of Time

We're back with our annual predictions episode, where we look back at our (surprisingly not terrible) 2024 market calls and make fresh predictions for 2025 (which will likely be very wrong). In this e...

Redefining Value Investing in a Magnificent Seven Dominated World | Jacob Pozharny
Excess ReturnsDecember 27, 202400:54:30

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 the increasingly important role of intang...

Do You Really Need International Diversification? 10 Top Investors Debate
Two Quants and a Financial PlannerDecember 23, 202400:57:07

Do You Really Need International Diversification? 10 Top Investors Debate

In this episode of "Two Quants and a Financial Planner," we explore one of investing's most debated topics: international diversification. Through clips from 10 different investing experts, we examine...

Inside the Secretive World of Pod Shops | Bob Elliott
Excess ReturnsDecember 19, 202400:57:38

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 multi-strategy hedge funds, also known as "pod shops...

Tesla, MicroStrategy and An Inside Look at the Biggest Options Expiration in Market History
The OPEX EffectDecember 18, 202401:05:12

Tesla, MicroStrategy and An Inside Look at the Biggest Options Expiration in Market History

Join Brent Kochuba and Jack Forehand as they break down December's historic options expiration - the largest OpEx on record. In this deep-dive episode, they explore: Why this December OpEx is uniquely...

Practical Lessons from Andy Constan | Bridgewater, Macro Pillars and Navigating Deleveragings
Two Quants and a Financial PlannerDecember 16, 202401:00:55

Practical Lessons from Andy Constan | Bridgewater, Macro Pillars and Navigating Deleveragings

Join Matt Zeigler and Jack Forehand as they break down some of the most insightful frameworks from our interviews with macro thinker Andy Constan. Drawing from multiple conversations with Andy, they e...

Dispelling Big Investing Myths | Dan Rasmussen
Excess ReturnsDecember 12, 202400:55:18

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 pieces from the past year. They explore sever...

10 Great Investors Share Their Most Important Lesson
Two Quants and a Financial PlannerDecember 09, 202400:58:07

10 Great Investors Share Their Most Important Lesson

We ask one question at the end of each of our episodes: Based on your experience in markets, if you could teach one lesson to your average investor, what would it be? In this episode, we discuss our f...

Why Most Investors Won't Buy the Best Diversifier | Andrew Beer on Managed Futures
Excess ReturnsDecember 05, 202401:07:02

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 futures and alternative investment strategies...