Excess Returns
Episodes
The Truth No One Sees | 41 Great Investors Share Their Most Controversial Belief
28 Dec 2025
Contributed by Lukas
In this special compilation episode of Excess Returns, we ask one revealing question to some of the most respected investors, strategists, and market ...
The Base Case is Wrong | Paul Eitelman on AI, Reacceleration and the Pause No One Sees
26 Dec 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with Paul Eitelman, Global Chief Investment Strategist at Russell Investments, to unpack their 2026 out...
Nothing Has a Right to Exist in Your Portfolio | What the Last 15 Years Has Taught Us
24 Dec 2025
Contributed by Lukas
In the latest episode of Click Beta, Matt Zeigler, Dave Nadig and Cameron Dawson take a look back at 2025 and a look forward to 2026. Subscribe to Cli...
The Existential Spending Battle | Adrian Helfert on What You’re Missing in the AI Arms Race
21 Dec 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with Adrian Helfert of Westwood to discuss how investors should be thinking about portfolio constructio...
The Bureau of Missing Children | Ben Hunt and Adam Butler on the Broken Math of the American Dream
19 Dec 2025
Contributed by Lukas
In this special episode, Adam Butler and Ben Hunt join Matt Zeigler to unpack one of the most charged debates in markets and economics today: whether ...
The Alpha No Human Can Find | David Wright on Machine Learning's Hidden Edge
17 Dec 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with David Wright, Head of Quantitative Investing at Pictet Asset Management, for a deep and practical ...
The Wall Street Labels That Trap You: Chris Mayer & Robert Hagstrom on How Language Misleads Markets
15 Dec 2025
Contributed by Lukas
In this episode of our new show The 100 Year Thinkers, Robert Hagstrom, Chris Mayer, Bogumil Baranowki and Matt Zeigler explain how investors get trap...
Magnet Above. Trap Door Below | Inside the Options Flows Driving Markets with Brent Kochuba
13 Dec 2025
Contributed by Lukas
Brent Kochuba takes a look behind the scenes at the options flows driving the market heading into the December options expiration and the end of 2025....
He Was Overweight Tech for 15 Years. He Just Downgraded the Mag Seven | Ed Yardeni Explains Why
11 Dec 2025
Contributed by Lukas
Ed Yardeni returns to Excess Returns to break down the evolving market landscape, why he moved the Magnificent 7 to underweight, and how AI, productiv...
The Single Most Important Metric | Matt Reustle on the Patterns That Separate Great Businesses
08 Dec 2025
Contributed by Lukas
We are including this episode from our separate show Teach Me Like I'm Five in the Excess Returns feed. If you would like to continue receiving ne...
The Water No One Can See | Graeme Foerster on Six Courageous Questions for 2026
06 Dec 2025
Contributed by Lukas
In this episode of Excess Returns, Graeme Forster of Orbis joins us to discuss two major research papers: Six Courageous Questions for 2026 and Sunris...
The Thunderclap That Ends the Cycle | Jim Grant on the Risk No One Sees
04 Dec 2025
Contributed by Lukas
James Grant, legendary founder of Grant’s Interest Rate Observer, joins us for a wide-ranging conversation on cycles, interest rates, inflation, cre...
The Fed Is Fighting the Wrong War | Jim Paulsen on Why 3% Inflation Isn't the Problem
02 Dec 2025
Contributed by Lukas
In this episode, we’re joined again by Jim Paulsen to break down the key themes shaping markets and the economy heading into 2026. Jim explains why ...
The One Lesson | 50+ Great Investors Share the One Thing They Would Teach You
30 Nov 2025
Contributed by Lukas
In this special episode of Excess Returns, we share the most important investing lessons from more than 50 of our top guests. After asking more than 2...
World War AI | Ben Hunt on the Economic Consequences of the AI Boom
28 Nov 2025
Contributed by Lukas
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 gove...
The Real Estate Bust Was the Plan | Louis-Vincent Gave on China's Brute Force Growth Strategy
26 Nov 2025
Contributed by Lukas
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 conversati...
The Pattern Is Staggering | Mary Ann Bartels on Why This Bull Market Is Just Getting Started
23 Nov 2025
Contributed by Lukas
In this episode, we sit down with Sanctuary Wealth Chief Investment Strategist Mary Ann Bartels to break down her new 2026 outlook. We cover her long-...
The Risk Isn't Where You Think | Carl Kaufman on AI Capex, Private Credit and the Hidden Bond Play
21 Nov 2025
Contributed by Lukas
In this episode of Excess Returns, we talk with Carl Kaufman, Co-President and Co-CIO of Osterweis Capital Management, about navigating today’s fixe...
The Bubble You Can't Short | Rob Arnott on What You Can Do Instead
19 Nov 2025
Contributed by Lukas
Follow Us on Substack:https://excessreturnspod.substack.com/In this episode, we sit down with Rob Arnott for a wide-ranging discussion on bubbles, val...
The Bull Market Where Everyone Feels Broke | Behind the Rise of Financial Nihilism
18 Nov 2025
Contributed by Lukas
Follow Click Beta:Spotifyhttps://open.spotify.com/show/0u1fxie4C4vHXIJPUMhvUsApple Podcastshttps://podcasts.apple.com/ky/podcast/click-beta/id17939294...
The Two Tailed Market Risk | Brent Kochuba on What the Options Market Tells Us About What Comes Next
16 Nov 2025
Contributed by Lukas
Subscribe on Spotifyhttps://open.spotify.com/show/4KR2YVJqk2lnVETMKDavJfSubscribe on Apple Podcastshttps://podcasts.apple.com/us/podcast/the-opex-effe...
$1 Trillion AI Bet. $10 Billion in Profits | Bob Elliott on the AI Income That Isn't Coming
14 Nov 2025
Contributed by Lukas
Follow us on Substackhttps://excessreturnspod.substack.comIn this episode, we sit down with Bob Elliott for a wide-ranging conversation about the late...
The Hidden Fingerprints of 100 Baggers | Chris Mayer and Robert Hagstrom on Finding the Perfect Business
13 Nov 2025
Contributed by Lukas
Subscribe on Spotifyhttps://open.spotify.com/show/5IsVVM27KWP6SUW6KN2ifeSubscribe on Apple Podcastshttps://podcasts.apple.com/us/podcast/the-...
He Invented the 4% Rule | Bill Bengen on Why He Now Thinks 5% Works
12 Nov 2025
Contributed by Lukas
Follow us on Substackhttps://excessreturnspod.substack.comBill Bengen, the creator of the 4% rule, joins us to revisit one of the most important ideas...
The Most Powerful Investing Tool You Aren’t Using | Four Lessons from Michael Mauboussin
09 Nov 2025
Contributed by Lukas
Follow us on Substackhttps://excessreturnspod.substack.comIn this episode, we kick off our book project, The Most Important Investing Lesson: What the...
The Bull Market You Don’t Want to Believe | Rupert Mitchell on China vs. the Mag Seven
07 Nov 2025
Contributed by Lukas
Rupert Mitchell of Blind Squirrel Macro joins Matt Zeigler to talk global markets, China’s resurgence, the AI CapEx boom, and where investors can st...
The Most Extreme Speculation in 40 Years | Richard Bernstein on What It Means for Markets
05 Nov 2025
Contributed by Lukas
Follow us on Substackhttps://excessreturnspod.substack.comIn this episode, we are joined by Richard Bernstein, CIO and CEO of Richard Bernstein Adviso...
99.9% Focus on the Wrong Question | Victor Haghani on Why Static Allocation Fails
04 Nov 2025
Contributed by Lukas
In this episode, we sit down with Victor Haghani, founder of Elm Wealth and one of the original partners at LTCM, to explore his journey from running ...
The Case for Permanently Higher Market Valuations | Jim Paulsen
02 Nov 2025
Contributed by Lukas
Subscribe on Apple Podcsastshttps://podcasts.apple.com/us/podcast/the-jim-paulsen-show/id1828054999Subscribe on Spotifyhttps://open.spotify.c...
The Liquidity Trap Door | Cem Karsan on Why We Are Likely in a Bubble, It Could Get Bigger, And What Pops It
31 Oct 2025
Contributed by Lukas
Follow us on Substackhttps://excessreturnspod.substack.comIn this episode, Cem Karsan returns to Excess Returns to break down the market through the l...
The $5 Trillion Question | Kai Wu on the Risks of the Mag Seven's Big AI CapEx Bet
29 Oct 2025
Contributed by Lukas
Kai Wu of Sparkline Capital joins Excess Returns to discuss his paper Surviving the AI CapEx Boom. In this episode, Kai breaks down the unprecedented ...
The Inflation Risk Investors Miss | Nancy Davis
28 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, we speak with Nancy Davis, founder and CIO of Quadratic Capital Management and the mind behind the innovative fixed...
The 40 CAPE Conundrum | Meb Faber on What High Valuations Mean for Markets
27 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, Meb Faber joins the show to discuss valuations, diversification, trend following, value investing, and the evolutio...
Everyone Feared Recession. His Data Said Otherwise | US Bank CIO Eric Freedman on What It Says Now
26 Oct 2025
Contributed by Lukas
Eric Freedman, Chief Investment Officer at US Bank Wealth, joins Excess Returns to discuss markets, the economy and his investment process. Freedman s...
Most Never Escape Stage 3 | Rick Ferri on the Education of an Index Investor
25 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, we welcome back Rick Ferri, founder of Ferri Investment Solutions and host of the Bogleheads on Investing podcast. ...
Investing in a Liquidity Dominated Market | Remi Tetot
24 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, Matt Zeigler talks with macro strategist and author Remi Tetot, known as “The Mad King.” They explore how liqui...
The 4% That Drive All Returns | Larry Swedroe on What You're Getting Wrong About the S&P 500
22 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, Larry Swedroe returns to discuss the biggest risks and opportunities facing investors today. From tariffs and immig...
The Regime Change No One Sees | Adam Parker on Why Valuations Are Lying to You
21 Oct 2025
Contributed by Lukas
Adam Parker, founder and CEO of Trivariate and Trivector Research, joins Excess Returns to discuss how fundamental, quantitative, and macro perspectiv...
The Bear Stearns Moment | Ben Hunt on How Private Credit Unravels
19 Oct 2025
Contributed by Lukas
Ben Hunt returns to Excess Returns to break down the hidden risks building inside private credit and the parallels between today’s “alternative as...
The Case That We Are in the Early Stages of an AI Bull Market | Gene Munster and Doug Clinton
17 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, Gene Munster and Doug Clinton of Deepwater Asset Management join Justin and Jack to explore the technological, econ...
Buffett, Sun Tzu and the Ancient Art of Risk Taking | Tobias Carlisle
16 Oct 2025
Contributed by Lukas
Buy Toby's Bookhttps://amzn.to/478SMBfIn this episode of Excess Returns, we sit down with Tobias Carlisle, founder and portfolio manager at the Ac...
Timeless Lessons from a Trend Following Legend | Jerry Parker
15 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, Jerry Parker joins us for a deep dive into the philosophy and practice of trend following. As one of the original T...
The 100 Year Thinkers | Chris Mayer and Robert Hagstrom on Finding the Next Great Compounders
13 Oct 2025
Contributed by Lukas
Subscribe on Spotifyhttps://open.spotify.com/show/5IsVVM27KWP6SUW6KN2ifeSubscribe on Apple Podcastshttps://podcasts.apple.com/us/podcast/the-100-year-...
Investing in a Debasement Regime | Warren Pies
11 Oct 2025
Contributed by Lukas
Warren Pies joins Excess Returns to discuss why he believes we’ve entered a “Debasement Regime,” what that means for investors, and how it diffe...
The Four Pillars of Macro - And What They Say About This Market | Andy Constan
09 Oct 2025
Contributed by Lukas
Andy Constan returns to Excess Returns to break down today’s macro environment using his Four-Pillar Framework — growth, inflation, risk premia, a...
What a Global Regime Change Means for Investors | Julian Brigden
09 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, macro strategist Julian Brigden of MI2 Partners joins the show to break down today’s volatile market landscape. B...
Big Rally. First Sell Signal Since April | Katie Stockton on What the Charts Say Could Come Next
08 Oct 2025
Contributed by Lukas
Katie Stockton, founder and managing partner at Fairlead Strategies, joins us for her quarterly technical outlook on markets, sectors, and asset class...
Electricity Is the New Oil | Rob Thummel on the Energy Opportunity from the AI Boom
06 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, we’re joined by Rob Thummel of Tortoise Capital to discuss the critical intersection of energy and technology. Ro...
The Expensive Truth About Cheap Investing | Bogumil Baranowski
05 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, Matt Zeigler sits down with investor and author Bogumil Baranowski to discuss one of investing’s most important m...
Evidence Based Factor Investing | Matt Zenz
04 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with Matt Zenz of Longview Research Partners to explore factor investing, evidence-based strategies, an...
A Volatility Masterclass | Timeless Lessons from 30 Year Options Trader Noel Smith
02 Oct 2025
Contributed by Lukas
In this episode of Excess Returns, we’re joined by Noel Smith, co-founder and CIO of Convex Asset Management. Noel shares his unique journey from bi...
A Practical Guide to Market Valuation with Ben Carlson
29 Sep 2025
Contributed by Lukas
In this episode, we sit down with Ben Carlson of Ritholtz Wealth Management and A Wealth of Common Sense to talk about market valuations, the rise of ...
The New Valuation Regime | Jim Paulsen on Confidence, Inflation and the Coming Market Supports
27 Sep 2025
Contributed by Lukas
In this episode, we sit down with Jim Paulsen to analyze the latest economic and market data through his lens of decades of market experience. Jim sha...
Finding the Next Great Tech Compounders | John Tinsman
25 Sep 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with John Tinsman, portfolio manager of the AOT Growth and Innovation ETF (AOTG). John shares how his i...
Finding Decade-Long Compounders with Joseph Shaposhnik
22 Sep 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with Joseph Shaposhnik, founder of Rainwater Equity and former star portfolio manager at TCW. Joseph sh...
The Average Return That Never Comes | Sam Ro on 10 Stock Market Truths Investors Get Wrong
20 Sep 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with Sam Ro to revisit his widely read post “10 Stock Market Truths” and explore how each principle...
Exceptionalism Is Ending. New Winners Are Rising | Olga Bitel on the $2 Trillion Opportunity
17 Sep 2025
Contributed by Lukas
In this episode, William Blair Global Strategist Olga Bitel joins us to unpack her “Perpetual Growth Machine” framework and what it means for inve...
Bull Market on Borrowed Time | Ned Davis Chief Strategist Tim Hayes on the Indicators That Matter
15 Sep 2025
Contributed by Lukas
Ned Davis Research’s Chief Global Investment Strategist Tim Hayes joins us to break down NDR’s “360°” weight-of-the-evidence framework—how ...
Brent Donnelly on the Fed, Inflation, and Why 2% No Longer Matters
12 Sep 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with Brent Donnelly, veteran trader, author, and president of Spectra Markets, to dive deep into macro ...
Cullen Roche on Inflation, AI and Why the Debt Crisis is Overblown
10 Sep 2025
Contributed by Lukas
In this episode of Excess Returns, we welcome back Cullen Roche of Discipline Funds for an in-depth conversation on the economy, markets, demographics...
This Hasn't Happened Since 1930 | Eric Pachman on Why the Labor Market is Lying to You
07 Sep 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with EricPachman of Bancreek Capital to explore the intersection of data, economics, andinvesting. Eric...
Cole Smead on Deficits, Inflation, and the Erosion of Earnings Quality in Technology Stocks
03 Sep 2025
Contributed by Lukas
In this episode of Excess Returns, we welcome back Cole Smead of Smead Capital for a wide-ranging conversation on markets, history, and the principles...
31 Years of Lessons: Northwestern Mutual CIO Brent Schutte on Markets, Cycles, and Diversification
31 Aug 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with Brent Schutte, CIO of Northwestern Mutual, to discuss the current macro landscape and what it mean...
The Hidden Risks of High Income Options Strategies | Shawn Gibson and Eric McArdle
29 Aug 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with Shawn Gibson and Eric McArdle of Liquid Strategies to explore the rapidly growing world of option-...
Jim Paulsen on Growth, the Fed and the Case for a Broadening Rally
28 Aug 2025
Contributed by Lukas
In this episode, Jim Paulsen of Paulsen Perspectives joins us to break down the state of the economy, the Fed’s policy stance, inflation risks, and ...
Mike Philbrick on Gold, Bitcoin, and Rethinking Diversification Beyond 60/40
26 Aug 2025
Contributed by Lukas
In this episode of Excess Returns, we sit down with Mike Philbrick of Resolve Asset Management to discuss why the traditional 60/40 portfolio may no l...
An Inside Look at Buffer ETFs with Jeff Chang
23 Aug 2025
Contributed by Lukas
Defined outcome ETFs have exploded in popularity, offering investors a way to combine downside protection with upside participation. In this episode o...
Record Valuations. Hidden Opportunity | Tobias Carlisle on Finding Value in an Expensive Market
21 Aug 2025
Contributed by Lukas
In this episode of Excess Returns, we welcome back Tobias Carlisle — author, host of Value After Hours, and manager of the Acquirers Funds. Toby sha...
Momentum is Everything | Leigh Drogen on Building Lasting Strategies in Crypto
19 Aug 2025
Contributed by Lukas
In this episode, we sit down with Leigh Drogen of StarKiller Capital, alongside guest co-host Kai Wu, for a deep dive into crypto investing strategies...
Show Us Your Portfolio: Aswath Damodaran
16 Aug 2025
Contributed by Lukas
How Aswath Damodaran Manages His Own Portfolio | Show Us Your PortfolioIn this episode of our Show Us Your Portfolio series, we go inside the personal...
64% Never Escape Level Four | Nick Maggiulli on Climbing the Wealth Ladder
14 Aug 2025
Contributed by Lukas
In this episode of Excess Returns, Matt Zeigler sits down with Nick Maggiulli — author of Just Keep Buying and his new book The Wealth Ladder. Nick ...
What Really Drove Buffett’s Success | Kai Wu on Berkshire's Intangible Edge
07 Aug 2025
Contributed by Lukas
In this episode of Excess Returns, we’re joined by Kai Wu of Sparkline Capital to explore one of the most important and overlooked aspects of Warren...
The Seven Rules of Wall Street | Sam Stovall
05 Aug 2025
Contributed by Lukas
📈 In this episode of Excess Returns, we’re joined by Sam Stovall, Chief Investment Strategist at CFRA and author of The Seven Rules of Wall Stree...
The 100 Year Pivot | Navigating a Changing Market with Grant Williams
03 Aug 2025
Contributed by Lukas
In this episode of Excess Returns, Matt Zeigler sits down with Grant Williams for a wide-ranging conversation on what he calls the “Hundred Year Piv...
The Bubble No One Can Sell | Dan Rasmussen on the Private Equity Trap
31 Jul 2025
Contributed by Lukas
In this episode of Excess Returns, Justin and special guest host Kai Wu of Sparkline Capital are joined by Verdad’s Dan Rasmussen for a deep dive in...
Darius Dale on the Fourth Turning, Fiscal Dominance, and the Case for a Melt-Up
29 Jul 2025
Contributed by Lukas
Macro strategist Darius Dale returns to Excess Returns with a deep dive into the seismic shifts shaping markets today. From the implications of the Fo...
The Risks of the Rise of Passive Investing | Mike Green
27 Jul 2025
Contributed by Lukas
In this episode of Excess Returns, Mike Green returns to dissect the structural transformation underway in public markets due to the rise of passive i...
The Case for a Broadening Bull Market | Jim Paulsen
25 Jul 2025
Contributed by Lukas
Subscribe on Apple Podcsastshttps://podcasts.apple.com/us/podcast/the-jim-paulsen-show/id1828054999Subscribe on Spotifyhttps://open.spotify.com/show/3...
You’re Misreading the Rally | Liz Ann Sonders on What is Really Driving Market Returns
23 Jul 2025
Contributed by Lukas
📉 What the Market Is Getting Wrong | Liz Ann Sonders on Debt, Tariffs, and the FedIn this episode of Excess Returns, we welcome back Liz Ann Sonder...
This Isn’t Priced In | PIMCO’s Libby Cantrill on the Policy Risks Markets Are Missing
20 Jul 2025
Contributed by Lukas
Policy uncertainty is rising—but markets seem unfazed. In this episode, we sit down with Libby Cantrill, Head of Public Policy at PIMCO, to explore ...
False Recession Alarms. Real Risks. | Aahan Menon on What Investors Are Missing
16 Jul 2025
Contributed by Lukas
Why didn’t the long-predicted recession arrive? In this episode, we talk with Aahan Menon, founder of Prometheus Research, about why traditional mac...
How Option Dealer Flows Impact the Stock Market
11 Jul 2025
Contributed by Lukas
Billions are moving through the stock market every day—but not for the reasons most investors think.In this episode, Brent Kochuba of SpotGamma brea...
The Great Moderation is Over. The Great Convergence is Here | Luca Paolini on What Comes Next
08 Jul 2025
Contributed by Lukas
In this episode, we speak with Luca Paolini, Chief Strategist at Pictet Asset Management, about the firm’s 2025 Secular Outlook and the unfolding sh...
Whipsaws, Drawdowns, and Disbelief | Eric Crittenden on the Best Diversifier No One Buys
28 Jun 2025
Contributed by Lukas
In this episode of Excess Returns, Matt Zeigler and Jason Buck sit down with Eric Crittenden, CIO of Standpoint Funds, for a wide-ranging and candid d...
Broken Models. Misleading Yields | Ryan Krueger on Avoiding the Dividend Trap
25 Jun 2025
Contributed by Lukas
Most investors chase yield. But what if the very models they rely on — from dividend screens to the 4% rule — are fundamentally broken?In this epi...
500,000 More Sellers Than Buyers. First Time in a Decade | Daryl Fairweather on What Comes Next
23 Jun 2025
Contributed by Lukas
In this episode, we’re joined by Daryl Fairweather, Chief Economist at Redfin and author of Hate the Game, to explore the most dramatic shift in the...
Buffett Does It. Most Value Investors Don’t | Robert Hagstrom on the Real Key to Compounding
21 Jun 2025
Contributed by Lukas
Robert Hagstrom returns to discuss the investing principle he believes most value investors still misunderstand—despite decades of evidence from War...
Recession Indicators Are Breaking. Inflation Isn’t | Megan Horneman on What Comes Next
19 Jun 2025
Contributed by Lukas
Megan Horneman: Fragile Optimism, Hidden Inflation Risks, and What Investors Are MissingIn this episode, we’re joined by Megan Horneman, Chief Inves...
Broken Data. Hidden Opportunity | GMO's Warren Chiang on Deep Value’s Historic Setup
15 Jun 2025
Contributed by Lukas
GMO’s Warren Chiang joins us for a deep dive into the art and science of systematic value investing. In this episode, Warren shares how his team has...
Blind to Power: The Hidden Investing Risk of Rising Strongmen | Peter Atwater
12 Jun 2025
Contributed by Lukas
In this episode of Excess Returns, Matt Zeigler sits down with Peter Atwater—President of Financial Insyghts, author of The Confidence Map, and expe...
Finding Great GARP Stocks with David Giroux
09 Jun 2025
Contributed by Lukas
David Giroux, CIO and Head of Investment Strategy at T. Rowe Price Investment Management, has achieved something rare in investing—beating his Morni...
The $9 Trillion Risk | Rupert Mitchell on the Unwind of US Dominance - And What Comes After It
07 Jun 2025
Contributed by Lukas
In this episode of Excess Returns, Matt Zeigler sits down with Rupert Mitchell—founder of Blind Squirrel Macro—for an insightful, opinionated, and...
Inside a Top Quant's Playbook | Joe Gubler on the Hidden Drivers of Alpha
05 Jun 2025
Contributed by Lukas
🎙️ Inside Causeway’s Quant Playbook | Joe Gubler on Factor Innovation, Risk, and Portfolio DesignIn this episode of Excess Returns, we sit down...
Big Decline. Big Rally. What the Charts Tell Us About What Comes Next | Katie Stockton
02 Jun 2025
Contributed by Lukas
In this episode of Excess Returns, we welcome back Katie Stockton, founder and managing partner of Fairlead Strategies, for a deep dive into the curre...
The Stimulus Deception | Rob Arnott Explains What Economists Are Getting Wrong
31 May 2025
Contributed by Lukas
In this episode of Excess Returns, we welcome back Research Affiliates founder Rob Arnott to explore his provocative research challenging mainstream e...
The Hidden Logic of Options | Put-Call Parity Explained with Legos
28 May 2025
Contributed by Lukas
In this episode of Teach Me Like I'm 5, options expert Kris Abdelmessih breaks down one of the most foundational—and misunderstood—concepts in...
Too Much Google, Tesla, Nvidia? | Wes Gray & Sri Narayan Explain a Smarter Way Out
24 May 2025
Contributed by Lukas
In this episode of Excess Returns, we dive deep into one of the most complex and pressing issues facing successful investors today: what to do with co...
The Fourth Turning Is Now | Neil Howe on the Coming Financial Reset and Who Rebuilds What’s Broken
17 May 2025
Contributed by Lukas
What does it mean to come of age during chaos—and how does that shape the generations who must lead us through it? In this thought-provoking episode...
What Investors Get Wrong About Trade Wars | Kai Wu
14 May 2025
Contributed by Lukas
In this episode of Excess Returns, Kai Wu of Sparkline Capital returns to break down his latest research piece, Investing Amid Trade Wars. Using over ...
The Retail Rally Trap | Kris Sidial on Market Fragility and the Risks of Buy the Dip
06 May 2025
Contributed by Lukas
In this episode, Kris Sidial joins Jack Forehand and Brent Kochuba to break down the mechanics of tail risk hedging, why most volatility strategies fa...