
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.
| Publishes | Daily | Episodes | 477 | Founded | 6 years ago |
|---|---|---|---|---|---|
| Number of Listeners | Categories | InvestingBusiness | |||

In this episode, Jared Dillian joins Excess Returns to break down why markets consistently misprice major regime shifts, geopolitical risks, and inflation shocks—and what that means for investors today. The conversation explores how changing correlat... more
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. Wallach, venture capitalist and co-founder of Time BioVentures, joins us to explain how biotech inve... more
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In this episode, we break down the most important insights from the week on Excess Returns,, with insights from Vitaliy Katsenelson, Jim Pauls... more
On this episode of Excess Returns, Matt Zeigler and Bogumil Baranowski speak with Rainwater Equity ETF portfolio manager Joseph Shaposhnik about how long-term investors should think about markets in an era defined by geopolitical shocks, AI disruptio... more
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I very much enjoy your podcasts, topics and guests. However I feel you crossed the line with Tony Greer and let him move your Podcast into the political sphere. I am going to guess that’s not what your typical listeners want to hear. Still on board and looking forward to new and unique topics - but please stay away from extreme thinkers who spew garbage to churn their niche asset class.
Tony Greer= one star, hard to take investment advice from such a blow hard.
This was by far the poorest show I've heard from an otherwise useful podcast series. Tony Greer spouts data-free opinions about directions of markets and the economy without any challenge from the host. I don't mind a contrarian, but I expect to hear a well-reasoned set of opinions backing up contrarian views. In this case nothing but tripe. And generally, great investors don't focus on politics, as they try to make money no matter who is running the show, but politics was a massive basis for ... more
This show has some of the best guests (thoughtful/apolitical/hard research based) and some of the worst guests (narrative based/psuedo-research based/politically biased). Too bad, it could easily be so much better.
I’m so glad you guys have finished with Grant Williams now. Squee
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This show delivers long-form discussions on investing, macro themes, and portfolio strategy through expert guests and quantitative perspectives. Topics frequently center on AI implications for productivity, market structure, value vs. growth, global diversification, and practical frameworks for building and managing portfolios. The hosts emphasize rigorous analysis, data-driven reasoning, and a patient, long-horizon approach to investing, often featuring counterpoints from guests to challenge conventional narratives. Notable strengths include deep-dive research, a willingness to dissect controversial ideas with methodological rigor, and a track record of drawing on established investing frameworks to evaluate new trends.
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Excess Returns launched 6 years ago and published 477 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.
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Recent guests on Excess Returns include:
1. Rupert Mitchell
2. Nir Kaissar
3. Victoria Greene
4. Jan van Eck
5. Aswath Damodaran
6. Gautam Baid
7. David Wright
8. James Grant
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