Excess Returns Podcasts
Latest Episodes
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- Excess Returns
- The OPEX Effect
- Two Quants and a Financial Planner
- Click Beta
- Rabbithole with Dave Nadig
- 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
- Last Call | A Different Kind of Market Wrap
- The Intangible Economy with Kai Wu
Andy Constan on Investing Through Bubbles | First Principles Episode 1
First Principles with Andy Constan launches with a deep dive into market bubbles, AI, semiconductor stocks, and the financial conditions that can turn powerful technological change into a dangerous in...
He Wrote the Book on Bubbles | Edward Chancellor on If AI is Different
Edward Chancellor joins Kai Wu on the latest episode of the Intangible Economy to discuss what financial history and capital cycle theory can teach investors about today’s AI boom. They explore why tr...
What Past Capital Cycles Can Teach Us About AI with Edward Chancellor
Edward Chancellor joins Kai Wu to discuss what financial history and capital cycle theory can teach investors about today’s AI boom. They explore why transformative technologies can still produce terr...
The S&P 500 is Just 46 Stocks. 89% of the Economy is Flatlining | What We Learned This Week
This week’s Excess Returns Weekly Wrap looks at what Ian Cassel, Chris Mayer, Jim Paulsen and Elena Khoziaeva can teach investors about stock picking skill, inflation risk, AI, software moats, small c...
We Asked an Options Expert Why This Melt Up Hasn’t Broken — and Which Signal Could End It
Brent Kochuba of SpotGamma joins Jack Forehand for the May 2026 OPEX Effect to break down what options positioning is saying after a massive AI and semiconductor-led market rally. They discuss SPX cal...
The Melt Up That No One Expected | What the Options Market Says About What Comes Next
Brent Kochuba of SpotGamma joins Jack Forehand for the May 2026 OPEX Effect to break down what options positioning is saying after a massive AI and semiconductor-led market rally. They discuss SPX cal...
We Asked a $4.5B Quant Manager Why the S&P 500 Is Just 46 Stocks — and Why Small Caps Aren't Dead
Elena Khoziaeva, Co-Chief Investment Officer and Portfolio Manager at Bridgeway Capital Management, joins Excess Returns to discuss factor investing, small caps, value investing, market concentration,...
New Era Boom. Old Era Bust | Jim Paulsen on the Economy AI Is Hiding
In this episode of the Jim Paulsen Show, we discuss why the U.S. economy may be weaker beneath the surface than the headline numbers suggest. We cover inflation, the Fed, oil risk, the Mag 7, AI spend...
The Last Moat | Chris Mayer and Ian Cassel on the Stock Picking Edge AI Can’t Replicate
This episode of our new show The 100 Year Thinkers brings together Chris Mayer and Ian Cassel for a deep discussion on long-term stock picking, microcap investing, business quality, AI disruption, man...
We Asked Rich Bernstein and Chris Davis Why This Market Isn’t as Safe as It Feels
This week’s Excess Returns Weekly Wrap examines what Chris Davis and Rich Bernstein can teach investors about letting winners run, inflation risk, market concentration, dividends, AI, and the differen...
The Last Moat | Chris Mayer and Ian Cassel on the Stock Picking Edge AI Can’t Replicate
This episode of 100 Year Thinkers brings together Chris Mayer and Ian Cassel for a deep discussion on long-term stock picking, microcap investing, business quality, AI disruption, management teams, an...
Outperformed by Mom | The Weekly Wrap – 5/2/2026
This week’s Excess Returns Weekly Wrap examines what Chris Davis and Rich Bernstein can teach investors about letting winners run, inflation risk, market concentration, dividends, AI, and the differen...
We Asked Ben Hunt, Jim Paulsen, Kevin Muir and Brent Kochuba Why Bad News Can’t Break This Market
This episode of Last Call breaks down one of the most confusing market environments in recent memory: why stocks continue to rise despite war, oil shocks, and growing macro risks. Through conversation...
We Asked Four Experts Why Bad News Can't Break This Market — And Whether It Will
This episode of Last Call breaks down one of the most confusing market environments in recent memory: why stocks continue to rise despite war, oil shocks, and growing macro risks. Through conversation...
The Opportunity No One Sees | Richard Bernstein on Finding Value in a Narrow Market
This episode explores one of the most important debates in markets today: whether investors are underestimating the risk of higher inflation and overconcentrating in a narrow group of growth stocks. R...
Feeling Safe Is the Risk | Chris Davis on Finding Durable Companies in a Disrupted World
This episode with Chris Davis of Davis Advisors explores how investors should think about risk, valuation, and opportunity in a market defined by high valuations, technological disruption, and major m...
We Asked David Rosenberg, Chris Bloomstran and Cameron Dawson What This Market Is Getting Wrong
This week’s Excess Returns Weekly Wrap explores one of the most important questions in markets today: what’s really driving this rally, and how fragile is it beneath the surface. We break down the gro...
Buy High, Sell Higher | Travis Prentice on Dispersion, Passive's Structural Risk and Why 52 Week Highs Don't Mean What You Think
This episode explores how massive structural shifts—AI, deglobalization, and the rise of passive investing—are reshaping markets and what that means for investors. Informed Momentum Company CIO Travis...
The Secular Plateau | Chris Bloomstran on Why We May Be at Peak Valuations
This episode features Chris Bloomstran of Semper Augustus discussing market concentration, AI capital spending, Berkshire Hathaway, and the risks facing today’s equity investors. The conversation expl...
They Call It "Broadening." The Data Says It’s Just Two Stocks
Markets are sending conflicting signals right now—shrugging off geopolitical shocks, powering higher on a narrow set of AI-driven stocks, and relying on a consumer that may be spending beyond its mean...