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
14% for Tech. 1% for Everyone Else | The Weekly Wrap – 3/14/2026
In this episode, we break down the most important insights from the week on Excess Returns,, with insights from Vitaliy Katsenelson, Jim Paulsen, and Joseph Shaposhnik. Markets today are being shaped ...
The $1 Trillion Supercycle AI is Hiding | Joseph Shaposhnik on the Opportunity Investors Are Missing
On this episode of Excess Returns, Matt Zeigler and Bogumil Baranowski speak with Rainwater Equity ETF portfolio manager Joseph Shaposhnik about how long-term investors should think about markets in a...
Survival First. Returns Second | Vitaliy Katsenelson on Investing Amid Extreme Uncertainty
In this episode of Excess Returns, Matt Zeigler and Bogumil Baranowski speak with Vitaliy Katsenelson, CEO of Investment Management Associates and author of Soul in the Game. The conversation explores...
When AI, Value, and Credit Collide | The Weekly Market Insight – March 8, 2026
In this weekly Excess Returns recap, Jack Forehand and Matt Zeigler highlight the most important investing insights from recent conversations across the Excess Returns podcast network. Drawing on disc...
1% Growth. Zero Jobs | Jim Paulsen on the Recession Hiding in Plain Sight
In this episode of the Jim Paulsen Show, Jim Paulsen joins Jack Forehand and Justin Carbonneau to break down the macro forces shaping today’s markets and economy. Jim explains why the economy may be f...
AI Isn’t a Bubble. The Stocks Are | Rob Arnott on What Investors Are Missing
Rob Arnott returns to Excess Returns to discuss the biggest questions facing investors today, including the impact of geopolitical conflict, the valuation gap between U.S. and international markets, t...
The Funding Test AI Must Pass | Andy Constan on Who Actually Pays
In this episode of Excess Returns, we welcome back Andy Constan of Damped Spring Advisors for a wide-ranging discussion on geopolitical risk, AI and productivity, capital flows, credit markets, fiscal...
The AI Doom Loop | We Break Down Citrini’s Viral AI Crash Story
In this episode, Jack Forehand and Kai Wu break down the viral “AI doom loop” article that sparked debate across Wall Street, Silicon Valley, and even the Federal Reserve. They walk through the core t...
The Risk No One Defines | Cullen Roche on Building Your Perfect Portfolio
In this episode of Excess Returns, we sit down with Cullen Roche to discuss his new book Your Perfect Portfolio and the deeper principles behind building a portfolio that actually fits your life. Rath...
The Edge Isn’t Alpha | Matt Reustle on How Professional Investors Use AI
In this episode of Excess Returns, we sit down with Matt Reustle of Business Breakdowns to explore how AI is actually being used in investing today. We go beyond the hype and break down practical use ...
The Question No One Asks | What Great Investors Taught Us About Portfolio and Purpose
In this episode of Excess Returns, we explore one of the most important but overlooked questions in investing: what is the purpose of your portfolio? Through a series of powerful clips and reflections...
This Hasn’t Happened Since 1999 | The 100 Year Thinkers on Why Safe Stocks Have Become Dangerous
In this episode of Excess Returns, Matt Zeigler and Bogumil Baranowski continue their conversation with Robert Hagstrom and Chris Mayer, diving deeper into general semantics and what it means for inve...
The Capitalism No One Sees | Jason Hsu on What Investors Miss About China
In this episode of Excess Returns, Jason Hsu returns for a wide-ranging conversation on China’s economy, the global AI race, emerging markets, factor investing, and what the next phase of globalizatio...
The Data You Trust Is Broken | What Aggregate Economic Numbers Hide
In this episode of Click Beta, Matt Zeigler sits down with Cameron Dawson of NewEdge Wealth and Dave Nadig of ETF.com for a wide-ranging conversation on markets, macro data, positioning, tokenization,...
This Only Happens in Markets Down 30% | Brent Kochuba on the Rotation You're Missing
In this episode of The Opex Effect, Jack and Brent break down the growing impact of options markets on stocks, volatility, and sector rotation. While the major indexes appear calm, massive moves benea...
The Fourth Turning is Here | Neil Howe and Ben Hunt on Inflation, Trust and What Comes Next
In this episode of Excess Returns, we sit down with Neil Howe, author of The Fourth Turning Is Here and co-creator of the Fourth Turning generational framework, along with Ben Hunt of Epsilon Theory, ...
You Can't Eat Risk-Adjusted Returns | AQR's Pete Hecht on Beating Stocks Without Giving Them Up
In this episode of Excess Returns, we sit down with Pete Hecht of AQR to break down portable alpha, capital efficient portfolio construction, and how investors can combine equity beta with truly diver...
46% of the S&P 500 is One AI Bet | Kai Wu on Why It’s Likely the Wrong One
In this episode of Excess Returns, Kai Wu of Sparkline Capital returns to discuss his latest research on AI adoption, ROI, and what it all means for investors. Building on his prior work on the AI Cap...
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...