
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 | 553 | Founded | 7 years ago |
|---|---|---|---|---|---|
| Number of Listeners | Categories | InvestingBusiness | |||

Kevin Muir of The MacroTourist joins Matt Zeigler to break down the bond market, Scott Bessent's Treasury buybacks, the Treasury General Account, AI-driven earnings growth, leveraged ETF risk, gold and the U.S.-Canada trade fight. Kevin explains why ... more
Dan Rasmussen, founder and managing partner of Verdad Advisers and author of The Humble Investor, joins Kai Wu to examine the unraveling of private equity, the rise of private credit, and how AI is reshaping software, labor, and the economics of tech... more
Ian Cassel, founder of MicroCapClub and author of Stock Picker, joins Matt Zeigler to break down the mindset, temperament and core skills required to outperform as an active stock picker. They discuss microcap investing, position sizing, active patie... more
Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, joins us to explain why today's economy and stock market are increasingly defined by rotation, instability and a changing stock-bond relationship. We discuss AI capital spending and earn... 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
Key themes from listener reviews, highlighting what works and what could be improved about the show.
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A thoughtful, data-driven discussion on macroeconomics, investing strategies, and the evolving tech landscape, with frequent focus on AI capex, market regimes, and how capital allocation shapes asset prices. Episodes commonly explore how AI spending, policy, and monetary dynamics influence returns, along with practical portfolio construction ideas, risk management, and the pros/cons of active versus passive approaches. Notable twists include a strong emphasis on narrative frameworks, historical analogies, and a mix of veteran investors and macro researchers offering both cautionary and opportunistic takes. It's likely to appeal to listeners who enjoy rigorous analysis, quantitative context, and long-horizon investing perspectives that blend... more
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Excess Returns launched 7 years ago and published 553 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. Bob Robotti
2. Dom Rizzo
3. Richard Bernstein
4. David Rosenberg
5. Tian Yang
6. Brent Donnelly
7. Dave Nadig
8. Cameron Dawson
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