Excess Returns

Excess Returns

Excess Returns is dedicated to making you a better long-term investor and making complex investing topics understandable. Join Jack Forehand, Justin Carbonneau and Matt Zeigler as they sit down with some of the most interesting names in finance to discuss topics like macroeconomics, value investing, factor investing, and more. Subscribe to learn along with us.
Financial Risk Has Quietly Left the Banks | Marc Rubinstein on What That Means for Markets
Excess ReturnsMay 15, 202601:03:32

Financial Risk Has Quietly Left the Banks | Marc Rubinstein on What That Means for Markets

Marc Rubinstein joins Excess Returns to explain what private credit, bank earnings, insurance balance sheets, fintech growth, and arbitrage firms reveal about the modern financial system. The conversa...

Lessons from Investing Through Bubble Regimes with Andy Constan
Excess ReturnsMay 14, 202601:04:36

Lessons from Investing Through Bubble Regimes with Andy Constan

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
Excess ReturnsMay 12, 202601:17:04

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...

We Asked an Options Expert Why This Melt Up Hasn’t Broken — and Which Signal Could End It
Excess ReturnsMay 10, 202601:07:27

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...