Excess Returns Podcasts
- All
- Excess Returns
- Show Us Your Portfolio
- Two Quants and a Financial Planner
- The OPEX Effect
- PNL For a Purpose
- Click Beta
- Rabbithole
- Teach Me Like I'm Five: Investing Concepts Made Simple
- The Jim Paulsen Show
- The 100 Year Thinkers: Long-Term Compounding in a Short-Term World
It’s Only a Question of When | Nir Kaissar on AI, Private Credit and the Regime Shift Investors Miss
In this episode of Excess Returns, we sit down with Bloomberg Opinion columnist Nir Kaissar for a wide-ranging conversation on markets, AI, interest rates, private credit, small caps, and the risks in...
$70 Billion. 18 Straight Outperforming Years | David Giroux on What Markets Are Getting Wrong
David Giroux, CIO of T. Rowe Price and manager of the Capital Appreciation strategy, joins Excess Returns for a wide ranging discussion on market valuation, AI investing, Mag 6 dynamics, utilities, he...
The Bull Market No One Sees | Jim Paulsen on How Leadership Shifts Without a Crash
In this episode of Excess Returns, Jim Paulsen joins Jack Forehand and Justin Carbonneau to break down what’s really happening beneath the surface of today’s market and economy. Jim explains why recen...
Lowest Cash Levels Ever | Kevin Muir on Why It's Time to Buy Hedges
In this episode of Excess Returns, we sit down with Kevin Muir, author of The Macro Tourist, for a wide-ranging conversation on market sentiment, asset rotation, and the growing signals of stress bene...
The Market That Bites Back | Victoria Greene on Surviving the Badger Market
In this episode of Excess Returns, we sit down with Victoria Greene of G Squared Private Wealth for a wide-ranging conversation on markets, macro risk, portfolio construction, and how investors should...
The Bubble You Can’t Exit | Dan Rasmussen on the Private Equity Trap
In this episode of Excess Returns, we’re joined again by Dan Rasmussen of Verdad Advisers for a wide-ranging conversation that challenges some of the most popular narratives in markets today. From pri...
You’re Misreading the Gold Rally | Tony Greer on Why Investors Are Losing Faith in Everything
In this episode of Excess Returns, we sit down with TG Macro founder Tony Greer to explore why markets are increasingly signaling a loss of faith in institutions and what that means for investors head...
You’re Waiting for the Bubble to Burst | Jan van Eck on Why It Already Has
In this episode of Excess Returns, we sit down with Jan van Eck, CEO of VanEck, to discuss how long-term macro forces are shaping markets and investment opportunities. Jan shares how his firm thinks a...
The Great Housing Reset | Redfin Chief Economist Daryl Fairweather on What Comes Next
In this episode of Excess Returns, Redfin Chief Economist Daryl Fairweather joins Matt Zeigler to unpack what she calls the Great Housing Reset. Rather than a housing crash or correction, Fairweather ...
The Labels That Destroy Returns | Chris Mayer and Robert Hagstrom on How Language Misleads Markets
When Robert Hagstrom and Chris Mayer sit down together, the conversation goes far beyond stock picking. Join them, along with Matt Zeigler and Bogumil Baranowski to explore how investors think, how la...
The Chart That Ends US Dominance | Rupert Mitchell on the Regime Change No One Sees
In this episode of Excess Returns, Rupert Mitchell returns to break down a rapidly shifting global macro landscape and explain how he is positioning across regions, assets, and market regimes. The con...
The 3X Opportunity No One Would Touch | Gary Mishuris on Lessons from Warner Brothers
In this episode of Excess Returns, we sit down with Gary Mishuris, Managing Partner and CIO of Silver Ring Value Partners, to explore how deep fundamental analysis, behavioral insight, and disciplined...
54% Passive. 5 Years Left. | Mike Green on Why the Market's Math Is Breaking
In this episode of Excess Returns, we sit down with Mike Green of Simplify Asset Management for a deep dive into how passive investing has reshaped market structure, altered price discovery, and creat...
You’re Misreading the AI Bubble | Gene Munster and Doug Clinton on Why It’s Just Getting Started
This episode of Excess Returns features Gene Munster and Doug Clinton breaking down their 2026 technology and market predictions, with a deep focus on artificial intelligence, big tech, and where inve...
The Volatility Shift No One Sees | What the Options Market Says About What Comes Next
In this episode, Jack Forehand is joined by Brent Kochuba from SpotGamma to break down how options market flows are increasingly shaping equity market behavior. The conversation focuses on January opt...
Rising Risk. Raising Cash | Aswath Damodaran on Managing His Own Money in a World of AI
In this episode of Excess Returns, Professor Aswath Damodaran joins Matt Zeigler and Kai Wu for a wide-ranging conversation on valuation, portfolio construction, and how investors should think about r...
The Great Moderation Is Over | Liz Ann Sonders on What Replaces It
In this episode of Excess Returns, we welcome back Liz Ann Sonders to discuss the evolving market and economic landscape heading into 2026. The conversation focuses on why this cycle feels fundamental...
The 100 Year Pivot | Grant Williams on the Regime Shift No One is Prepared For
This episode of Excess Returns features a wide ranging conversation with Grant Williams on what he calls the hundred year pivot. Grant explains why today’s environment feels fundamentally different fr...
Sold At "Irrational Exuberance". Still Lost Money | Sam Ro on the Bubble Paradox
In this episode of Excess Returns, we dive deep into one of the most pressing investing debates today: how to think about valuations, profit margins, and artificial intelligence in a market that feels...
Long-Term Uptrend. Short-Term Warning Signs | Katie Stockton on What the Charts Say About 2026
In this episode of Excess Returns, Katie Stockton of Fairlead Strategies joins Matt Zeigler and Justin Carbonneau to walk through her technical outlook for markets as we head into 2026. The conversati...
The Data is Hot. The Economy is Not | Jim Paulsen on What You're Getting Wrong About 2026
In this episode of the Jim Paulsen Show, Jim Paulsen joins Jack Forehand and Justin Carbonneau to break down what the economy and markets may really be signaling beneath the headline numbers. Drawing ...
The Retirement Rule No One Gets Right | Practical Lessons from Bill Bengen
In this episode, we discuss our biggest lessons from our interview with Bill Bengen, the creator of the 4 percent rule, and are joined by special guest Ben Tuscai. We explore how one of the most widel...
4% of Stocks. 100% of Wealth | Gautam Baid on the Brutal Math of Compounding
In this wide-ranging conversation, Gautam Baid joins Excess Returns to discuss the principles that shaped his investing philosophy, the lessons learned through bear markets, and why compounding, patie...
We Read 22 2026 Market Forecasts So You Don't Have To | What You Need to Know
In this episode of Excess Returns, Jack Forehand and Matt Zeigler dig into forecast season by reviewing and synthesizing insights from 22 major Wall Street and institutional market outlooks. Rather th...
The Fed Pause No One Sees | Why the 2026 Base Case Is Already Wrong with Paul Eitelman
In this episode of Excess Returns, we sit down with Paul Eitelman, Global Chief Investment Strategist at Russell Investments, to unpack their 2026 outlook and the idea of a “Great Inflection Point” fo...
Nothing Has a Right to Exist in Your Portfolio | What the Last 15 Years Has Taught Us
In this wide-ranging year-end conversation, Cameron Dawson, Dave Nadig and Matt Zeigler reflect on what worked, what failed, and what the last decade has revealed about markets, diversification, and p...
The Existential Spending Battle | Adrian Helfert on What You’re Missing in the AI Arms Race
In this episode of Excess Returns, we sit down with Adrian Helfert of Westwood to discuss how investors should be thinking about portfolio construction in a market shaped by artificial intelligence, h...
The Bureau of Missing Children | Ben Hunt and Adam Butler on the Broken Math of the American Dream
In this special episode, Adam Butler and Ben Hunt join Matt Zeigler to unpack one of the most charged debates in markets and economics today: whether our official statistics still reflect lived realit...
The Alpha No Human Can Find | David Wright on Machine Learning's Hidden Edge
In this episode of Excess Returns, we sit down with David Wright, Head of Quantitative Investing at Pictet Asset Management, for a deep and practical conversation about how artificial intelligence and...
The Wall Street Labels That Trap You: Chris Mayer & Robert Hagstrom on How Language Misleads Markets
In this episode of the 100 Year Thinkers, we bring together Robert Hagstrom and Chris Mayer for a wide-ranging conversation on how great investors really think. Rather than focusing on formulas, facto...
7000 Magnet. 6800 Trap Door | What the Options Market Tells Us About What Comes Next
In this episode of The Opex Effect, Jack Forehand and Brent Kochuba break down what could be the largest options expiration ever and explain why December options flows, seasonality, and volatility dyn...
He Was Overweight Tech for 15 Years. He Just Downgraded the Mag Seven | Ed Yardeni Explains Why
Ed Yardeni returns to Excess Returns to break down the evolving market landscape, why he moved the Magnificent 7 to underweight, and how AI, productivity, interest rates, global markets, and sector le...
Why Most Investors Won't Buy the Best Diversifier | Andrew Beer on Managed Futures
In this episode of Excess Returns, we sit down with Andrew Beer to break down managed futures, hedge fund replication, diversification, and what investors can realistically expect from these alternati...
The One Metric That Actually Matters | Matt Reustle on the Patterns That Separate Great Businesses
In this episode of Excess Returns, Matt Zeigler sits down with Matt Reustle of Business Breakdowns to unpack how great businesses actually work, why pattern recognition matters more than stock picking...
The Water No One Can See | Graeme Forster on Six Courageous Questions for 2026
Full Paper: Six Courageous Questions for 2026 https://campaigns.orbis.com/6-courageous-questions-for-2026-us/ Full Paper: Sunrise on Venus https://www.orbis.com/au/media/v63850214696/10093/orbis-white...
The $20 Trillion Absurdity | Jim Grant on the Risk No One Sees
James Grant, legendary founder of Grant’s Interest Rate Observer, joins us for a wide-ranging conversation on cycles, interest rates, inflation, credit, the Federal Reserve, private markets, gold, and...