Excess Returns
The Signal Before the Spike | Katie Stockton on What the Charts Tell Us About What Comes Next
This episode explores the growing signs of a shift beneath the surface of the market, as technical indicators point to weakening momentum in equities and a potential change in leadership. Katie Stockt...
The Stagflation Trap | Aahan Menon on What Works When Stocks and Bonds Don’t
This episode of Excess Returns features Aahan Menon of Prometheus Research breaking down the growing risk of an inflation shock driven by energy markets and what it means for investors. The discussion...
6x Earnings. 10x Potential. | Harris Kupperman on the Inflections Wall Street Misses
This episode explores Harris “Kuppy” Kupperman’s framework for “inflection investing” and how he identifies asymmetric opportunities across global markets. The conversation dives into why he believes ...
The Apocalypse That Isn’t Coming | Larry Swedroe Busts Private Credit Myths
In this episode of Excess Returns, we sit down with Larry Swedroe to break down one of the most debated topics in markets today: private credit. Larry walks through what private credit actually is, wh...
Nothing Is Priced In | Bob Elliott on Why Investors Are Misreading the Oil Shock
This episode of Excess Returns features Bob Elliott discussing the growing fragility in the global economy as an oil shock collides with a shift from an income-driven to a savings-driven system. The c...
Down 50%. Up 200% | Jared Dillian on the Regime Change Investors Aren't Ready For
In this episode, Jared Dillian joins Excess Returns to break down why markets consistently misprice major regime shifts, geopolitical risks, and inflation shocks—and what that means for investors toda...
5% Odds. 10-Year Payoffs | The Brutal Math of Biotech Investing
Biotech is one of the few areas in investing where specialized knowledge may still generate persistent alpha. In this episode of Excess Returns, D.A. Wallach, venture capitalist and co-founder of Time...
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...
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...