Excess Returns Podcasts
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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
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...
Practical Lessons from Ben Carlson
In this episode of Two Quants and a Financial Planner, we explore the timeless investing wisdom of Ben Carlson. We break down several crucial investing concepts, including why investors shouldn't blin...
The Most Misunderstood Bull Market Ever | Jim Paulsen
In this episode of Excess Returns, hosts Jack Forehand and Justin Carbonneau sit down with veteran investment strategist Jim Paulsen to discuss the current market landscape and economic outlook. Pauls...
What the Rise of Passive Investing Means for Your Portfolio | Special Guest: Dave Nadig
In this episode, Jack Forehand and Matt Zeigler dive deep into one of the most debated topics in modern finance with special guest Dave Nadig. This episode explores how passive investing has transform...
A Masterclass from a Quant Legend | Cliff Asness on the Implications of Less Efficient Markets
In this episode of Excess Returns, we sit down with AQR founder Cliff Asness for a fascinating discussion about market efficiency, behavioral finance, and the future of quantitative investing. In this...
Our Six Most Controversial Takes from 2024 | Excess Returns
In this episode of Two Quants and a Financial Planner, Jack and Matt dive into some of the most controversial takes we've heard on Excess Returns in 2024. From Aswath Damodaran's spicy thoughts on the...
Making Sense of Markets in a Post Election World | Grant Wiliams and Ben Hunt
In this episode of Excess Returns, Matt Zeigler is joined by Ben Hunt and Grant Williams for a candid discussion of the 2024 post-election landscape and its implications for markets. The guests explor...
Tesla, Trump and the Return of Meme Mania | Inside the Flows Driving the Post Election Rally
In this episode of The OpEx Effect, we dive deep into the fascinating market dynamics following the recent election and explore the remarkable surge in options trading volume. We break down how Tesla'...
Practical Lessons from Cullen Roche
In this episode, we look at the biggest lessons we have learned from Cullen Roche, one of our most frequent and insightful guests. We cover: "All Duration Investing" - Cullen's framework for matching ...
Making Money from Market Chaos | Inside the Volatility World with Kris Sidial
In this episode of Excess Returns, Jack Forehand and special guest host Brent Kochuba dive deep into the world of long volatility and tail risk strategies with Kris Sidial, founder of the Ambrus Group...
Practical Lessons from Tobias Carlisle | Value Investing, Buffett and the Importance of Survival
In this episode, we sit down for a deep dive into lessons from value investor Tobias Carlisle, exploring several key insights from our conversations with him over the years. In this Halloween-themed e...
Finding the Next Great Micro-Cap Multi-Bagger | Ian Cassel
In this episode of Excess Returns, we sit down with Ian Cassel, founder of MicroCap Club and Intelligent Fanatics Capital Management. We explore the fascinating world of microcap investing, where Ian ...
Practical Lessons from Meb Faber | Dividends, Trend Following and a Timeless Asset Allocation
In this episode, we dive into our conversations with Meb Faber, analyzing some of his most interesting takes on investing and wealth management. We explore several clips from our interviews where Meb ...
The Practical Implications of the Rise of Passive Investing | Mike Green
In this episode, we are joined by Simplify Asset Management's Mike Green. We build on our previous episodes with Mike where we discussed his research on the impact of passive investing on the market a...
Practical Lessons from Rob Arnott | Spotting Bubbles Early, Value Investing and the Rise of Passive
In this episode of Two Quants and a Financial Planner, we dive deep into the insights we've gained from our conversations with investing legend Rob Arnott. We explore Rob's unique perspectives on iden...
An Evidence-Based Look at the Struggles of Value Investing | Larry Swedroe
In this episode of Excess Returns, we sit down with Larry Swedroe to tackle some of the most pressing issues in investing today. We dive deep into topics that are on many investors' minds, including: ...
What Everyday Investors Need to Know About Options Flows | Brent Kochuba
In this episode of the OPEX Effect, we take a look behind the scenes at options flows at what is going on in the options market as we head into the election. We cover: - The current options landscape ...
Practical Lessons from Jerry Parker | What Investors Need to Know About Trend Following
In this episode, we dive deep into the world of trend following with legendary trader Jerry Parker. We explore key insights from our previous interviews with Jerry on Excess Returns, discussing his ex...
15 Ways to Lose Money in Markets | Ben Carlson
In this episode of Excess Returns, we sit down with Ben Carlson, Director of Institutional Asset Management at Ritholtz Wealth and author of the popular investing blog "A Wealth of Common Sense." We d...
Practical Lessons from Guy Spier | Value Investing, Buffett and Munger and Learning from Mistakes
In this episode of Two Quants and a Financial Planner, we dig into the biggest lessons we learned from investing legend Guy Spier. Drawing from our extensive interview with Guy, we explore key insight...
Active Investing in a Flows Based Market | Cem Karsan
In this episode of Excess Returns, we welcome back Cem Karsan of Kai Volatility Advisors for an in-depth discussion on the current state of markets and the global economy. We explore: - How geopolitic...
Practical Lessons from Chris Davis | Holding Winners, Munger's Inversion and What Makes a Good Board
In this episode of Two Quants and a Financial Planner, we dive deep into the investing wisdom of Chris Davis, exploring eight valuable lessons from our interview with this renowned investor. We break ...
What Investors Can Learn from a Year-Long Trading Experiment | Brent Donnelly
In this episode, Matt sits down with Brent Donnelly, author of "50 Trades in 50 Weeks: One Year of Good Ideas, Dumb Mistakes, and Timeless Trading Lessons". Brent spent close to a year conducting a un...
Practical Lessons from Michael Mauboussin | Multiples, Base Rates and Expectations Investing
In this episode of Two Quants and a Financial Planner, we dive deep into the investing wisdom of Michael Mauboussin, one of the most respected thinkers in finance. We revisit our interview with Michae...
Gamma, Vanna, Charm and How Options Influence the Stock Market | Brent Kochuba
In this episode, we dive deep into the world of options and their impact on market dynamics. We start with an "Options Dealer Flows 101" primer, explaining key concepts like delta hedging, gamma, char...
Quality and Low Volatility: The Factors That Get No Respect
In this episode of Two Quants and a Financial Planner, we dive deep into the world of quality and low volatility factors in investing. We explore how these factors work, their academic foundations, an...
The Case for a Roaring 2020s | Ed Yardeni
In this episode of Excess Returns, we sat down with Ed Yardeni, president of Yardeni Research and YardeniQuickTakes.com. Ed is one of the most accurate and respected Wall Street strategists, and we we...
Practical Lessons from Aswath Damodaran | Value Investing, AI and the Importance of the Story
In this episode, we dive into key lessons from our recent Excess Returns interview with valuation expert Aswath Damodaran. We unpack Damodaran's insights on: Why dogma in investing can be dangerous Th...
The Uncomfortable Truth About Alpha | Adam Butler
In this episode of Excess Returns, we sit down with our good friend Adam Butler, co-founder and Chief Investment Officer of ReSolve Asset Management. We cover a lot of ground, including: The challenge...
The Case Against Value Investing (From Two Value Guys)
In this episode of Two Quants and a Financial Planner, we tackle a question that is on many investor's minds: Is value investing dead? We explore various arguments for and against value investing's co...
Value Investing in a Magnificent Seven Dominated World | Aswath Damodaran
In this episode of Excess Returns, we sat down with NYU professor Aswath Damodaran to discuss his new book on the corporate life cycle and get his insights on a wide range of investing topics. We cove...
Twelve Great Investors Share Their #1 Lesson
We ask all our guests on Excess Returns one closing question: If you could teach one lesson to the average investor, what would it be? In this episode of Two Quants and a Financial Planner, we compile...
Challenging the Idea of Stocks for the Long Run | Jason Buck
In this episode of Excess Returns, we sit down with Jason Buck of Mutiny Funds to examine the idea of stocks for the long run and some potential challenges to it. We discuss: - Why the impressive hist...
Most Investors Get These Things Wrong About Factor Investing - We Explain the Facts
In this episode, we explore common misconceptions about factor investing. We discuss why factors aren't less risky than the market, the challenges of diversification, and why adding more factors isn't...
100+ Great Investors Share the One Lesson They Would Teach You
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 markets, if you could teach one lesson to t...