
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 | 516 | Founded | 7 years ago |
|---|---|---|---|---|---|
| Number of Listeners | Categories | InvestingBusiness | |||

On the latest Click Beta, Matt Zeigler, Dave Nadig and Cameron Dawson discuss what could happen when SpaceX goes public and why this IPO may be as much a market structure problem as a valuation problem.
They break down the potential impact of a $1.7... more
Jim Paulsen returns to Excess Returns to discuss why he is increasingly concerned about a meaningful stock market pullback, even though he does not expect a bear market. We cover the extreme divide between AI-driven “new era” stocks and the rest of t... more
Kai Wu of Sparkline Capital joins Excess Returns to break down his latest research on AI disruption, software stocks, value traps, and intangible moats. We discuss why software valuations have collapsed, why traditional value investing can fail durin... more
In this episode of Last Call, we break down one of the most confusing market backdrops in years: AI-driven earnings optimism, rising oil and inflation risk, stretched options positioning, and the market impact of a potential SpaceX IPO. Jack Forehand... 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 focuses on long-horizon investing, blending quantitative and fundamental approaches to value, factor, and macro themes. Episodes frequently cover market regimes, AI impacts on investing, capital cycles, and the tension between passive and active strategies, all with guests ranging from legendary value investors to quants and macro strategists. Listeners can expect rigorous analysis, data-driven discussions, and candid debates about risk, timing, and portfolio construction, with a practical emphasis on durable, repeatable approaches over short-term calls. A notable strength is the mix of deep-dive guests and accessible explanations, making sophisticated finance topics approachable for professional and serious individual investors a... more
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4. Forward Guidance
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Excess Returns launched 7 years ago and published 516 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. Gene Munster
2. Jeremy Grantham
3. Marc Rubinstein
4. Edward Chancellor
5. Rich Bernstein
6. Kevin Muir
7. Richard Bernstein
8. Chris Davis
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