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Excess Returns

Excess Returns
Value Investing
Investing
Market Volatility
Risk Management
Long-Term Investing
Factor Investing
Investment Philosophy
Diversification
Federal Reserve
Inflation
Asset Allocation
Investment Management
Charlie Munger
Behavioral Finance
Generative AI
Asset Pricing Theory
Momentum Investing
Resurrecting the Value Premium
Momentum
ETF Architect

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.

PublishesDailyEpisodes380Founded6 years ago
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Latest Episodes

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 investing journey began, the lessons he learned from both successes and failures, and how those exper... more

In this episode of Excess Returns, we sit down with Joseph Shaposhnik, founder of Rainwater Equity and former star portfolio manager at TCW. Joseph shares the investment philosophy that drove his track record of outperformance, why he focuses on recu... more

YouTube

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 holds up in today’s market. From the long game of investing to short-term risks, valuations, AI, and ea... more

YouTube

In this episode, William Blair Global Strategist Olga Bitel joins us to unpack her “Perpetual Growth Machine” framework and what it means for investors navigating AI, tariffs, inflation volatility, market concentration, and a shifting global order. W... more

YouTube

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Recent Guests

Sam Ro
Financial writer and co-founder of Ticker.co
Ticker.co
Episode: The Average Return That Never Comes | Sam Ro on 10 Stock Market Truths Investors Get Wrong
Tim Hayes
Chief Global Investment Strategist at Ned Davis Research with decades of experience in market assessment and analysis.
Ned Davis Research
Episode: Bull Market on Borrowed Time | Ned Davis Chief Strategist Tim Hayes on the Indicators That Matter
Eric McArdle
Investment strategist at Liquid Strategies with expertise in options strategies and risk management.
Liquid Strategies
Episode: The Hidden Risks of High Income Options Strategies | Shawn Gibson and Eric McArdle
Shawn Gibson
Investment strategist at Liquid Strategies focusing on options-based overlay strategies.
Liquid Strategies
Episode: The Hidden Risks of High Income Options Strategies | Shawn Gibson and Eric McArdle
Aswath Damodaran
Professor of Finance at NYU Stern School of Business and expert in valuations
New York University
Episode: Show Us Your Portfolio: Aswath Damodaran
Darius Dale
Founder and macro strategist at 42 Macro, known for providing macro insights and actionable investment strategies.
42 Macro
Episode: Darius Dale on the Fourth Turning, Fiscal Dominance, and the Case for a Melt-Up
Jim Paulsen
Chief Investment Strategist and founder of The Jim Paulsen Show
The Jim Paulsen Show
Episode: The Case for a Broadening Bull Market | Jim Paulsen
Libby Cantrill
Head of US Public Policy at Pimco
PIMCO
Episode: This Isn’t Priced In | PIMCO’s Libby Cantrill on the Policy Risks Markets Are Missing
Aahan Menon
Quantitative investor and macroeconomic analyst at Prometheus Investment Research
Prometheus Investment Research
Episode: False Recession Alarms. Real Risks. | Aahan Menon on What Investors Are Missing

Hosts

Matt Zeigler
Co-host with a focus on investment strategies and long-term investing principles.
Jack Forehand
Host and co-host known for his expertise in market analysis and guest interviews focusing on investment strategies.
Justin Carbonneau
Co-host who engages guests in discussions aimed at demystifying investing concepts.

Reviews

4.8 out of 5 stars from 136 ratings
  • Great show and many thanks for such brilliant guest in this episode.

    Podcast Addict
    5
    alpha
    3 months ago
  • Rob Arnott

    Rob Arnott is arrogant and partisan. His view on Covid is absolutely ridiculous.

    Apple Podcasts
    1
    maybdihjlz
    United States4 months ago
  • Like the show

    Excellent job

    Apple Podcasts
    5
    Qrrvjkgxhjlkvg
    United States10 months ago
  • Super informative!

    This podcast is a must listen for anyone looking to enhance their investing strategies and understanding of finance. Jack and Justin are highly knowledgeable and each episode is filled with valuable insights.

    Apple Podcasts
    5
    maddie@podcastingyou
    United States3 years ago
  • Excellent Podcast

    This is an excellent podcast. The guests are intelligent and insightful, and the hosts ask good questions then let the guests respond without interrupting. One of the better investing podcasts out there. Keep up the good work!

    Apple Podcasts
    5
    Missing61
    Canada3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

The hosts allow guests ample time to discuss without interruption, enhancing the listening experience.
Super informative!
Jack and Justin make complex investing topics understandable for all audiences.
Great value with high-quality speakers and educational content.
Excellent Podcast, with intelligent and insightful guests.

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Talking Points

Recent interactions between the hosts and their guests.

The Average Return That Never Comes | Sam Ro on 10 Stock Market Truths Investors Get Wrong
Q: What's the one lesson you'd want to teach the average investor?
I would never advocate for 100 percent allocation to an S&P 500 index fund but allow room for risk-taking behavior in your investment strategy.
The Average Return That Never Comes | Sam Ro on 10 Stock Market Truths Investors Get Wrong
Q: What's one thing that you, Sam Ro, believe about investing that most of your peers would disagree with?
Valuations do matter when they get really extended, but people spend way too much time thinking about valuations when they're not that far from the historical average.
Finding Decade-Long Compounders with Joseph Shaposhnik
Q: What are the specific traits that you look for before a company earns a spot in your portfolio?
We look for three elements: recurring revenue, strong leadership, and the potential for long-term holding. We seek dominant market positions without a lot of competitors.
Finding Decade-Long Compounders with Joseph Shaposhnik
Q: Can you talk about what we should learn from Buffett and maybe what we should not learn from Buffett?
Many think Buffett's key takeaway is buying inexpensive stocks, but his successful investments have typically been in high-quality, recurring revenue businesses. He paid slightly more for companies with quality management, which yielded high returns.
This Hasn't Happened Since 1930 | Eric Pachman on Why the Labor Market is Lying to You
Q: What advice would you give to the average investor?
Learn to interpret and analyze data yourself instead of relying solely on external narratives.

Audience Metrics

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Frequently Asked Questions About Excess Returns

What is Excess Returns about and what kind of topics does it cover?

Focused on fostering long-term investment strategies, this podcast explores the complexities of macroeconomics, value investing, and factor investing in a way that is both engaging and enlightening for listeners. The hosts, along with a lineup of expert guests, tackle a variety of pressing financial topics, making them approachable for investors of all levels. Notable themes include discussions on market dynamics, investment strategies, and insights from prominent figures in the finance industry. The show's unique emphasis on blending educational content with insightful analysis positions it as an invaluable resource for anyone looking to enhance their investment acumen.

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How many listeners does Excess Returns get?

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Which podcasts are similar to Excess Returns?

These podcasts share a similar audience with Excess Returns:

1. The Meb Faber Show - Better Investing
2. Top Traders Unplugged
3. The Acquirers Podcast
4. Forward Guidance
5. Monetary Matters with Jack Farley

How many episodes of Excess Returns are there?

Excess Returns launched 6 years ago and published 380 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact Excess Returns?

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What guests have appeared on Excess Returns?

Recent guests on Excess Returns include:

1. Sam Ro
2. Tim Hayes
3. Eric McArdle
4. Shawn Gibson
5. Aswath Damodaran
6. Darius Dale
7. Jim Paulsen
8. Libby Cantrill

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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