Season 1
The Risk is in the Water | Graeme Forster on Six Courageous Questions for 2026
In this episode of Excess Returns, Graeme Forster of Orbis joins us to discuss two major research papers: Six Courageous Questions for 2026 and Sunrise on Venus. We explore how long-running global tre...
The Thunderclap That Ends the Cycle | Jim Grant on the Risk No One Sees
James Grant, legendary founder of Grant’s Interest Rate Observer, joins us for a wide-ranging conversation on cycles, interest rates, inflation, credit, the Federal Reserve, private markets, gold, and...
World War AI | Ben Hunt on the Economic Consequences of the AI Boom
In this episode of Excess Returns, Matt sits down with Ben Hunt to break down his new Epsilon Theory essay, World War AI. They explore how the US government, markets, and Big Tech are rapidly shifting...
The Real Estate Bust Was the Plan | Louis-Vincent Gave on China's Brute Force Growth Strategy
In this episode of Excess Returns, we sit down with Louis-Vincent Gave of Gavekal Research for one of the most wide-ranging and eye-opening conversations we have ever hosted. Louis breaks down how Chi...