Excess Returns
Episodes
The Secular Plateau | Chris Bloomstran on Why We May Be at Peak Valuations
22 Apr 2026
Contributed by Lukas
This episode features Chris Bloomstran of Semper Augustus discussing market concentration, AI capital spending, Berkshire Hathaway, and the risks faci...
We Asked David Rosenberg Why He Owns Almost No US Stocks — and What He Holds Instead
19 Apr 2026
Contributed by Lukas
This episode features David Rosenberg, founder of Rosenberg Research, breaking down why today’s market may be driven more by valuation excess and in...
The Resilience No One Trusts | Brent Donnelly on Why War and Oil Haven’t Broken This Market
17 Apr 2026
Contributed by Lukas
Brent Donnelly returns to Excess Returns to break down one of the most confusing market environments in years, where policy shocks, volatility, and po...
The Bear Market No One Sees | Liz Ann Sonders on the Real Story Indexes Hide
15 Apr 2026
Contributed by Lukas
Liz Ann Sonders of Schwab joins Excess Returns to break down how war, an oil shock, and shifting market dynamics are reshaping the investing landscape...
The Forever Invariable Truth | Jim Grant on War, Inflation, and What Comes Next
13 Apr 2026
Contributed by Lukas
This episode features Jim Grant of Grant’s Interest Rate Observer on inflation, war, monetary policy, and the long arc of credit cycles. Grant expla...
The Market the Tweets Can’t Break | What the Options Market Tells Us About What Comes Next
11 Apr 2026
Contributed by Lukas
Subscribe to the OPEX Effect on SpotifySubscribe to the OPEX Effect on Apple PodcastsThis episode of The Opex Effect breaks down why marke...
The Risk at the End of the Whip | GMO’s Tom Hancock on Finding Conviction Amid the AI Hype
09 Apr 2026
Contributed by Lukas
This episode of Excess Returns features GMO’s Tom Hancock on how to think about AI as an investment opportunity and what truly defines “quality”...
The Walmart Indicator Just Hit 2008 Levels | Jim Paulsen on the Big Difference This Time
08 Apr 2026
Contributed by Lukas
This episode of Excess Returns features Jim Paulsen breaking down the current macro environment through a series of powerful indicators, including oil...
The Inevitability No One Sees | $11 Billion Tech Manager on What Investors Miss About AI
06 Apr 2026
Contributed by Lukas
This episode of Excess Returns features Tony Wang of T. Rowe Price discussing how investors can identify “inevitabilities” in technology and posit...
The Signal Before the Spike | Katie Stockton on What the Charts Tell Us About What Comes Next
03 Apr 2026
Contributed by Lukas
This episode explores the growing signs of a shift beneath the surface of the market, as technical indicators point to weakening momentum in equities ...
Michael Mauboussin | AI, Base Rates, and Investing in the New Economy
02 Apr 2026
Contributed by Lukas
In this inaugural episode of our new show, The Intangible Economy with Kai Wu, we explore how AI, intangible assets, and unprecedented capital investm...
The Stagflation Regime | Aahan Menon on What Works When Stocks and Bonds Don’t
31 Mar 2026
Contributed by Lukas
This episode of Excess Returns features Aahan Menon of Prometheus Research breaking down the growing risk of an inflation shock driven by energy marke...
6x Earnings. 10x Potential. | Harris Kupperman on the Inflections Wall Street Misses
30 Mar 2026
Contributed by Lukas
This episode explores Harris “Kuppy” Kupperman’s framework for “inflection investing” and how he identifies asymmetric opportunities across ...
The Moment Common Knowledge Changed | Last Call - With Andy Constan, Ben Hunt, Brent Kochuba and Eric Pachman
28 Mar 2026
Contributed by Lukas
This episode of our new market wrap show Last Call breaks down the biggest market drivers right now through three distinct lenses: macro, narrative, a...
The Private Credit Apocalypse That Isn’t Coming | Larry Swedroe Dispels the Myths
26 Mar 2026
Contributed by Lukas
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...
Nothing Is Priced In | Bob Elliott on Why Investors Are Misreading the Oil Shock
25 Mar 2026
Contributed by Lukas
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 ...
You Couldn’t Take Out Amazon with $50 Billion | The 100 Year Thinkers on Why Outliers Drive Returns
23 Mar 2026
Contributed by Lukas
Subscribe to the 100 Year Thinkers of SpotifySubscribe to the 100 Year Thinkers of AppleIn this episode of our new show, 100 Year Thinkers, Robe...
Big Decline. Options Support Gone | Brent Kochuba on the Fragile Market Setup
21 Mar 2026
Contributed by Lukas
Subscribe to the OPEX Effect on SpotifySubscribe to the OPEX Effect on Apple PodcastsThis episode breaks down the growing tension beneath the su...
The War Markets Can't Price | Jared Dillian on the Regime Change Investors Miss
19 Mar 2026
Contributed by Lukas
In this episode, Jared Dillian joins Excess Returns to break down why markets consistently misprice major regime shifts, geopolitical risks, and infla...
They Call It a Lottery Ticket. The Data Says Otherwise | D.A. Wallach on The Hidden Alpha of Biotech
16 Mar 2026
Contributed by Lukas
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. ...
14% for Tech. 1% for Everyone Else | The Weekly Wrap – 3/14/2026
15 Mar 2026
Contributed by Lukas
Follow Two Quants and a Financial Planner on SpotifyFollow Two Quants and a Financial Planner on AppleIn this episode, we break down the most im...
Finding Compounders in the Age of AI | Joseph Shaposhnik
12 Mar 2026
Contributed by Lukas
On this episode of Excess Returns, Matt Zeigler and Bogumil Baranowski speak with Rainwater Equity ETF portfolio manager Joseph Shaposhnik about how l...
Survival First. Returns Second | Vitaliy Katsenelson on Investing Amid Extreme Uncertainty
10 Mar 2026
Contributed by Lukas
In this episode of Excess Returns, Matt Zeigler and Bogumil Baranowski speak with Vitaliy Katsenelson, CEO of Investment Management Associates and aut...
What War Charts and AI Bubbles Miss | The Weekly Market Insight – March 8, 2026
09 Mar 2026
Contributed by Lukas
Follow Two Quants and a Financial Planner on SpotifyFollow Two Quants and a Financial Planner on AppleIn this new weekly Excess Returns recap, Jack Fo...
1% Growth. Zero Jobs | Jim Paulsen on the Recession Hiding in Plain Sight
07 Mar 2026
Contributed by Lukas
In this episode of the Jim Paulsen Show, Jim joins Jack Forehand and Justin Carbonneau to break down the macro forces shaping today’s markets and ec...
The Widest Valuation Gap in History | Rob Arnott on What Investors Are Missing About AI
05 Mar 2026
Contributed by Lukas
Rob Arnott returns to Excess Returns to discuss the biggest questions facing investors today, including the impact of geopolitical conflict, the valua...
The Funding Test Ahead | Andy Constan on AI, War Risk and the Shift Abroad
03 Mar 2026
Contributed by Lukas
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 p...
Is AI Replacing Workers Faster Than We Think? | We Break Down the Viral AI Doom Loop Article
01 Mar 2026
Contributed by Lukas
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 ...
The AI Panic Trade | What the Viral Doomsday AI Article Means for Markets
28 Feb 2026
Contributed by Lukas
Follow Last Call on SpotifyFollow Last Call on Apple PodcastsIn this episode of Last Call, Jack Forehand and Matt Zeigler look past the headline...
The Risk No One Defines | Cullen Roche on Building Your Perfect Portfolio
27 Feb 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Cullen Roche to discuss his new book Your Perfect Portfolio and the deeper principles behind build...
The Edge Isn’t Alpha | Matt Reustle on How Professional Investors Use AI
25 Feb 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Matt Russell of Business Breakdowns to explore how AI is actually being used in investing today. W...
When You've Won the Game, Stop Playing | What Great Investors Taught Us About Portfolio and Purpose
23 Feb 2026
Contributed by Lukas
Subscribe to Two Quants and a Financial Planner on SpotifySubscribe to Two Quants and a Financial Planner on AppleIn this episode, we explore one of t...
When Safe Becomes the Most Dangerous | The 100-Year Thinkers on AI, Staples and How Words Mislead
21 Feb 2026
Contributed by Lukas
In this episode of the 100 Year Thinkers, Matt Zeigler and Bogumil Baranowski continue their conversation with Robert Hagstrom and Chris Mayer, diving...
The Global Regime Change | Jason Hsu on AI, Factor Investing and What Investors Miss About China
19 Feb 2026
Contributed by Lukas
In this episode of Excess Returns, Jason Hsu returns for a wide-ranging conversation on China’s economy, the global AI race, emerging markets, facto...
When the Data Stops Working | Cameron Dawson and Dave Nadig on What Aggregate Economic Numbers Hide
17 Feb 2026
Contributed by Lukas
Subscribe to Click Beta on SpotifySubscribe to Click Beta on Apple PodcastsIn this episode of Click Beta, Matt Zeigler sits down with Cameron Dawson o...
This Only Happens in Markets Down 30% | Brent Kochuba on the Rotation Indexes Hide
15 Feb 2026
Contributed by Lukas
Subscribe to the OPEX Effect on SpotifySubscribe to the OPEX Effect on Apple PodcastsIn this episode of The Opex Effect, Jack and Brent break down the...
The Fourth Turning is Here | Neil Howe and Ben Hunt on Inflation, Trust and What Comes Next
13 Feb 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Neil Howe, author of The Fourth Turning Is Here and co-creator of the Fourth Turning generational ...
You Can't Eat Risk-Adjusted Returns | AQR's Pete Hecht on Beating Stocks Without Giving Them Up
12 Feb 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Pete Hecht of AQR to break down portable alpha, capital efficient portfolio construction, and how ...
46% of the S&P 500 is One AI Bet | Kai Wu on Why It’s Likely the Wrong One
10 Feb 2026
Contributed by Lukas
In this episode of Excess Returns, Kai Wu of Sparkline Capital returns to discuss his latest research on AI adoption, ROI, and what it all means for i...
It’s Only a Question of When | Nir Kaissar on AI, Private Credit and the Regime Shift Investors Miss
09 Feb 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Bloomberg Opinion columnist Nir Kaissar for a wide-ranging conversation on markets, AI, interest r...
$70 Billion. 18 Straight Outperforming Years | David Giroux on the Index Trap and AI Hype
07 Feb 2026
Contributed by Lukas
David Giroux, CIO of T. Rowe Price and manager of the Capital Appreciation strategy, joins Excess Returns for a wide ranging discussion on market valu...
Lowest Cash Levels Ever | Kevin Muir on Markets at Extremes
04 Feb 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Kevin Muir, author of The Macro Tourist, for a wide-ranging conversation on market sentiment, asse...
The Market That Bites Back | Victoria Greene on Surviving the Badger Market
02 Feb 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Victoria Greene of G Squared Private Wealth for a wide-ranging conversation on markets, macro risk...
Last Call: January 2026 | AI Capex, Private Credit Problems and the Unstable Market
31 Jan 2026
Contributed by Lukas
Follow Last Call on SpotifyFollow Last Call on Apple PodcastsJoin Jack Forehand and Matt Zeigler for the premiere episode of Last Call, a new monthly ...
The Bubble You Can’t Exit | Dan Rasmussen on the Private Equity Trap
29 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, we’re joined again by Dan Rasmussen of Verdad Advisors for a wide-ranging conversation that challenges some of th...
30 Times Earnings Isn't Expensive | Chris Mayer & Robert Hagstrom on the Labels That Destroy Returns
28 Jan 2026
Contributed by Lukas
In this episode of our new show The 100 Year Thinkers, Chris Mayer and Robert Hagstrom explore how the words investors use quietly shape the decisions...
60-20-20 Changed Everything | Tony Greer on the New Portfolio Regime
27 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with TG Macro founder Tony Greer to explore why markets are increasingly signaling a loss of faith in i...
You’re Waiting for the Bubble to Burst | Jan van Eck on Why It Already Has
25 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Jan van Eck, CEO of VanEck, to discuss how long-term macro forces are shaping markets and investme...
The Crash That Won’t Come | Redfin Chief Economist Daryl Fairweather on the Great Housing Reset
24 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, Redfin Chief Economist Daryl Fairweather joins Matt Zeigler to unpack what she calls the Great Housing Reset. Rathe...
The Chart of Truth Is Turning | Rupert Mitchell on the Regime Change Investors Are Missing
22 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, Rupert Mitchell returns to break down a rapidly shifting global macro landscape and explain how he is positioning a...
10 Cents on the Dollar | Gary Mishuris on Mispriced Fear and Lessons from Warner Brothers
21 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Gary Mishuris, Managing Partner and CIO of Silver Ring Value Partners, to explore how deep fundame...
The Line We Can't Cross | Mike Green on the Passive Investing Endgame
20 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, we sit down with Mike Green of Simplify Asset Management for a deep dive into how passive investing has reshaped ma...
Disbelief Is the Real Risk: Gene Munster and Doug Clinton on Why the AI Bubble is Just Getting Started
18 Jan 2026
Contributed by Lukas
This episode of Excess Returns features Gene Munster and Doug Clinton breaking down their 2026 technology and market predictions, with a deep focus on...
The Bubble Most Will Get Wrong | Aswath Damodaran on How He is Managing His Own Money in a World of AI
16 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, Professor Aswath Damodaran joins Matt Zeigler and Kai Wu for a wide-ranging conversation on valuation, portfolio co...
The Great Moderation Is Over | Liz Ann Sonders on What Replaces It
14 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, we welcome back Liz Ann Sonders to discuss the evolving market and economic landscape heading into 2026. The conver...
The Regime Shift No One is Prepared For | Grant Williams on the 100 Year Pivot
12 Jan 2026
Contributed by Lukas
This episode of Excess Returns features a wide ranging conversation with Grant Williams on what he calls the hundred year pivot. Grant explains why to...
Sold At "Irrational Exuberance". Still Lost Money | Sam Ro on the Bubble Paradox
10 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, we dive deep into one of the most pressing investing debates today: how to think about valuations, profit margins, ...
Long-Term Uptrend. Short-Term Warning Signs | Katie Stockton on What the Charts Say About 2026
08 Jan 2026
Contributed by Lukas
In this episode of Excess Returns, Katie Stockton of Fairlead Strategies joins Matt Zeigler and Justin Carbonneau to walk through her technical outloo...
It’s Not K-Shaped. It’s No Shaped | Jim Paulsen on What You're Getting Wrong About 2026
06 Jan 2026
Contributed by Lukas
Subscribe to the Jim Paulsen Show on Apple Podcastshttps://podcasts.apple.com/us/podcast/the-jim-paulsen-show/id1828054999Subscribe on Spo...
4% of Stocks. 100% of Wealth | Gautam Baid on the Brutal Math of Compounding
02 Jan 2026
Contributed by Lukas
In this wide-ranging conversation, Gautam Baid joins Excess Returns to discuss the principles that shaped his investing philosophy, the lessons learne...
We Read 22 2026 Market Forecasts So You Don't Have To | What You Need to Know
31 Dec 2025
Contributed by Lukas
In this episode of Excess Returns, Jack Forehand and Matt Zeigler dig into forecast season by reviewing and synthesizing insights from 22 major Wall S...
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...