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.
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EVERY MONDAY A NEW EPISODE. I READ ALL MY EMAILS - contact form on my website - www.bogumilbaranowski.com. TELL ME YOUR STORY. I’m Bogumil Baranowski, an author, a TEDx speaker, an investor, and an investment advisor to families and individuals. Intimate conversations about money, wealth, and living a rich and fulfilling life. We talk about big ideas, big inspirations, big topics. We take on the hardest subject of all – money: how to make it, save it, keep it, but our conversations lead us t ...
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The Calling History Podcast is an unscripted, interview style phone conversation with the heroes, the villains, and the great thinkers of history. It’s an opportunity to ask them anything, in their time, while they are living it. How did Benjamin Franklin feel about leaving his comfortable life of fame and excess in London as a loyal British citizen to risk it all and return to America as a rebel? How did record setting Louise Thaden feel about racing and beating Amelia Earhart and yet her n ...
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For beginners and experienced people alike, this podcast brings timeless financial knowledge and perspective to help people make better financial decisions. We also shine a light on real professionals in the financial and legal world. Get an inside look at how things work behind the scenes, and how you can get the most value when working with financial professionals. Hosted by Brian C. Beasley, CPWA® and Dan Alberth, MBA, CFP®. This content is for information and education only, and should n ...
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#TalkDaredevil is a podcast about all things Daredevil in the greater Marvel universe, brought to you by the women behind #SaveDaredevil. On November 29, 2018, just as planning on Season 4 was about to get underway, Daredevil was abruptly cancelled by Netflix, and Marvel fans everywhere wondered if they’d ever see the Man Without Fear on-screen again. Since that cancellation, the #SaveDaredevil campaign worked to keep hope and momentum for Daredevil’s return alive. In the wake of Daredevil’s ...
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Hosts Humphrey Xu, Nolan Zeng, and Philmore Jeon explore the world of Dune by Frank Herbert. Join them as they read through the book and share their thoughts and opinions in detail, alongside goofy high-school commentary, pop culture references, and an excess of laughter! Contact us with questions/corrections/feedback at: Email: [email protected] Instagram: @dunenotenter Twitter: @dunenotenter Reddit: u/dunenotenter
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Nhan Nguyen worked his last day ever for his employer on December 10th, 2003. He was aged 23 years, 5 months and 27 days. In the prior 6 months he'd purchased ~$2,000,000 worth Of Property using None Of His Own Money. Since then he has done multiple projects successfully, making millions in profits in the process. It hasn't been smooth sailing though, but a journey of learning lessons, challenges, points of self-doubt, breakdowns and breakthroughs. In This podcast Nhan shares his insights in ...
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Just another Twin Peaks: the Return rewatch podcast. We talk about theories we had when we first watched it and how deeply wrong they were, and a ton of other unrelated stuff. We like to think we're hilarious. Support this podcast: https://podcasters.spotify.com/pod/show/is-it-future-or-is-it-podcast/support
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The Horse's Advocate Podcast is about helping horse owners find the missing horse owner's manual for owning and caring for horses. Geoff Tucker, DVM (aka, "Doc T"), brings you wisdom from over 50 years with horses. But beware - some of this stuff is NOT what you might expect. When the "box to think outside of" was built, he was never included and remained outside! This show aims to Help Horses Thrive In A Human World™.
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The South American rainforest is home to two titans. Leafcutter ants are sedentary farmers responsible for processing appreciable biomasses of tropical vegetation. They use their foraging material to cultivate obligate, fungal mutualists protected within their subterranean fortresses. Army ants are nomadic hunting machines that march in fanning swarms of thousands of individuals. They flush out and overwhelm kilograms of prey every day with their numbers, mandibles, and venomous stings. Whil ...
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The Retail Rally Trap | Kris Sidial on Market Fragility and the Risks of Buy the Dip
59:52
59:52
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59:52In this episode, Kris Sidial joins Jack Forehand and Brent Kochuba to break down the mechanics of tail risk hedging, why most volatility strategies fail, and how his team approaches dislocations in the market. We explore what's really driving volatility behind the scenes, the evolving market structure, and why the current environment may be far mor…
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The Dark Side of Value Investing: Practical Lessons from Aswath Damodaran, Excess Returns Podcast
1:08:07
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1:08:07This is an episode of the Excess Returns Podcast with Matt Zeigler and me. We go over the highlights from our two interviews with Professor Aswath Damodaran. Lots of wisdom in one full hour, enjoy! Join Matt Zeigler and Bogumil Baranowski as they play our favorite clips from both the Excess Returns and Talking Billions podcast interviews with Aswat…
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Transition - Navigating Family Wealth with David Werdiger
51:06
51:06
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51:06Guest: David Werdiger, Director of Nathanson Pearson and bestselling author of "Transition: How to Prepare Your Family and Business for the Greatest Wealth Transfer in History" Key Discussion Points: [03:00] David discusses joining the family business - how being the youngest of five children with a significant age gap influenced his decision not t…
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Talking Billions - The 150th Episode - Answering Your Questions :)
59:50
59:50
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59:50Thank YOU! For all excellent questions! [00:00] Episode Highlights [03:00] Introduction and Milestone Celebration [06:00] Setting the Stage[08:00] Investment Philosophy and Starting a Career[10:00] Business Valuation Approaches[12:00] Essential Investment Skills[13:00] Portfolio Structure and Management[15:00] Position Sizing and Client Alignment[1…
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Wisdom from Omaha: Timeless Lessons from Buffett's Farewell Address + The Berkshire Pilgrimage: Reflections on Principles that Endure
13:34
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13:34TWO articles, ONE episode, less than 15 minutes. I'm sharing my thoughts from ahead of the Berkshire Hathaway 2025 meeting, and right after. Still fresh memories and thoughts from a historic meeting. Save it, share it, listen at your convenience, and find the text versions on Substack. I'm curious to hear your reactions after the event. Please find…
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Guy Spier: The Irrecoverable Error | Risk, Ruin, and the Rules of Wealth | Practical Lessons
1:06:31
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1:06:31This episode originally aired on Excess Returns on 4/28/2025. Enjoy! In this episode, Matt Zeigler and Bogumil Baranowski dive deep into the timeless investing wisdom of Guy Spier. Drawing from Spier’s interviews on both Excess Returns and Talking Billions, they explore crucial ideas about investing, risk, decision-making, and living a meaningful l…
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Mag Seven Margin Crunch | Cameron Dawson on Tariffs, Recession Risk and the Defensive Investing Trap
51:50
51:50
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51:50Are we heading toward a recession—or just stuck in macroeconomic purgatory? In this episode of Excess Returns, Dave Nadig and Matt Zeigler sit down with Cameron Dawson, CIO of NewEdge Wealth, to explore the uncertain territory between headline-driven panic and hard data reality. From the implications of sweeping tariffs to the capital account war n…
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The Market's Best-Kept Secret | Travis Prentice on Momentum's Surprising Edge
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50:44In this episode of Excess Returns, Justin and Jack welcome Travis Prentice from Informed Momentum Company to discuss the ins and outs of momentum investing. Travis brings nearly three decades of momentum investing experience and shares valuable insights about momentum strategies, misconceptions, implementation challenges, and how momentum can be ef…
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Wisdom from the Berkshire Chronicles: Insights from Those Who Know Buffett Best
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15:31Wisdom from the Berkshire Chronicles: Insights from Buffett and Munger Experts [See text version on my Substack] 8 previous Talking Billions conversations recorded over three years in one 15-minute episode! This episode features a collection of profound insights and key ideas shared by experts on Berkshire Hathaway, Warren Buffett, and Charlie Mung…
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Tariffs, Tech, and Tomorrow's Markets: Bridging the US-China Investment Landscape with Rick Carew
1:09:28
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1:09:28Did we get it all wrong, and we are actually negotiating a deeper globalization? A Thoughtful Tariff Talk and more Guest: Rick Carew - Former Wall Street Journal journalist covering Asia's financial markets, current investor and educator teaching value investing at Fordham University's Gabelli School. Key Topics: Value investing, journalism skills …
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Episode 50: Reviewing the final two episodes of Daredevil: Born Again Season 1 - "Isle of Joy" and "Straight to Hell"
1:10:03
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1:10:03It’s been thrilling to finally reach the end of season 1 of Daredevil: Born Again, and appropriate that our fiftieth episode of #TalkDaredevil is dedicated to reviewing the final two episodes. Ayesha, KC, and Kristina had quite a lot to discuss between these two packed episodes, so let’s jump in together! Timestamps: 00:00 Intro 1:10 General though…
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The Monumental Miscalculation | Jared Dillian on Tariffs, Fed Risks, and Where Markets Go from Here
54:22
54:22
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54:22Join hosts Matt Ziegler and Jack Forehand as they interview Jared Dillian (@DailyDirtNap on Twitter) for a fascinating discussion on current market conditions, macroeconomic trends, and controversial investment perspectives. Jared shares his unique takes on everything from tariffs to portfolio construction, offering insights that often challenge co…
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Much Ado About Nothing: When Seemingly Permanent Turns Out to Be Temporary
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7:44
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7:44This is the audio version of my this week's article. Find all the articles, summaries, and book reviews on Substack https://bogumilbaranowski.substack.com/ -- subscribe there for all content, not to miss anything.If you want to reach out, I'd love to hear from you here is my email bogumil AT talkingbillions.co (not com)] Thank you! Podcast Program …
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A 5-Minute Recap: Soren Peterson, Lessons from a 20-Year Old Investor
6:59
6:59
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6:59Find all the articles, summaries, and book reviews on Substack https://bogumilbaranowski.substack.com/ -- subscribe there for all content, not to miss anything.If you want to reach out, I'd love to hear from you here is my email bogumil AT talkingbillions.co (not com)] Thank you! Podcast Program – Disclosure Statement Blue Infinitas Capital, LLC is…
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The One Lesson: 50 Great Investors Share the One Thing They Would Teach You
1:11:52
1:11:52
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1:11:52When we started Excess Returns, we wanted to come up with one way to boil down the best advice from the experts we have interviewed into one simple question. That led us to create a standard closing question that we ask all of our guests, “Based on your experience in the markets, if you could teach one lesson to your average investor, what would th…
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Hearing What Others Don't: Nuala Walsh on Decision Risk in a Noisy World
1:01:23
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1:01:23Guest: Nuala Walsh - Mind Equity CEO, Professor of Behavioral Science at Trinity College Dublin, non-executive director, award-winning author, TEDx speaker, and London School of Economics fellow. Recognized among the 100 most influential women in finance with a 30-year investment career spanning BlackRock, Merrill Lynch, Standard Life, and Aberdeen…
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The Art of Quality in Investing with Bogumil Baranowski
1:05:10
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1:05:10This is my appearance on The Art of Quality in Investing Podcast with John Candeto and Paul Higgins. Enjoy! The Art of Quality Podcast --- This podcast explores the lived experience of those with a deep familiarity with the stories and patterns of quality across business, entrepreneurship, investing and the arts. We have learned like the stoics, st…
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A 5-Minute Recap: Samantha McLemore: Big Money, Big Moves
5:32
5:32
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5:32If you want to read a letter I wrote to clients and friends of the firm, please send me a quick email [bogumil AT talkingbillions.co (not com)] with a few words about yourself, and I'll send it over. Thank you! Here you will find the audio version of my this week's articles, find it on Substack: https://bogumilbaranowski.substack.com/ -- subscribe …
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From a Dentist's Chair to a Pilot's Seat: Lessons in Navigating Market Uncertainty
11:11
11:11
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11:11If you want to read a letter I wrote to clients and friends of the firm, please send me a quick email [bogumil AT talkingbillions.co (not com)] with a few words about yourself, and I'll send it over. Thank you! Here you will find the audio version of my this week's article, find it on Substack: https://bogumilbaranowski.substack.com/ -- subscribe t…
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Behind the Scenes of the Madoff Scandal with a Trader on the Inside | Andrew Cohen
59:54
59:54
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59:54In this episode of Excess Returns, Matt Zeigler sits down with Andrew Cohen, who shares his extraordinary journey from Goldman Sachs trader to working directly with Bernie Madoff and ultimately becoming a victim of history's largest Ponzi scheme. Now a respected finance professor, Cohen offers unique insights into Wall Street's trading culture, the…
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If you are interested in the checking out my novel mentioned in this podcast, you can search "Michelangelo's Secret' by Tony Dean on Amazon or click on this link.By Anthony Dean
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Soren Peterson: Beyond the Ticker: Business Ownership Through a 20-Year-Old's Eyes
1:06:25
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1:06:25Soren Peterson is a 20-year-old investor and co-author (with his sister Maya Peterson) of "The Early Bird: The Power of Investing Young." Soren has been investing since the age of 7 and brings a unique perspective on building wealth through long-term investing from an early age.### Episode Highlights### Early Beginnings (03:47)- Started investing a…
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The Colossal Mistake | Richard Bernstein on the Risks of Tariffs and Passive Investing
55:20
55:20
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55:20Join hosts Matt Zeigler and Justin Carbonneau as they sit down with Richard Bernstein, CEO and Chief Investment Officer of Richard Bernstein Advisors. In this insightful conversation, Rich shares his expert perspective on today's market challenges, including the unprecedented narrowness of recent markets, the impact of tariffs on the US economy, an…
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100 Baggers Leave Fingerprints | Chris Mayer Wrote the Book and Tells You How to Find Them (Excess Returns Podcast)
1:01:50
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1:01:50FULL BONUS EPISODE: This is the Excess Returns Podcast episode -- please look up all their wonderful content, and listen to it here in case you missed it. It's with Chris Mayer, Matt Zeigler, and me. It's been one of the highlights of my recording year. Tune in and enjoy! In this episode of Excess Returns, Matt Zeigler is joined by special co-host …
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BONUS: Chris Mayer (100-Baggers): 3 Podcasts & 3 Books in 10 Minutes
12:22
12:22
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12:22A stormy week is behind us; here are some calm and wise words that you might appreciate this weekend. I distilled my 3 long podcast interviews with Chris Mayer (100-baggers) and 3 of his books into this 10-minute recap. Enjoy! If you want to read a letter I wrote to clients and friends of the firm, please send me a quick email [bogumil AT talkingbi…
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Market Turbulence, Back to the Future & Finding Value in the “President's Day” Sale
8:06
8:06
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8:06If you want to read a letter I wrote to clients and friends of the firm, please send me a quick email [bogumil AT talkingbillions.co (not com)] with a few words about yourself, and I'll send it over. Thank you! Here you will find the audio version of my this week's article, find it on Substack: https://bogumilbaranowski.substack.com/ -- subscribe t…
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A 5-Minute Recap: Alex Morris - Buffett and Munger Unscripted
6:24
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6:24If you have 5 minutes this week, listen to this recap of my conversation with Alex Morris. My email is below. FULL EPISODE & FULL ARTICLE: https://bogumilbaranowski.substack.com/ Also, it's super important! I'll be in Omaha in a few weeks, if you want to say hello, send me a quick email bogumil AT talkingbillions.co (not com) or if you just want to…
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A 5-Minute Recap: Emily Bouchard: Navigating Family Finances
6:16
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6:16If you have 5 minutes this week, listen to this recap of my conversation with Emily Bouchard with a BONUS look behind the scenes and my thoughts about what I learned. FULL EPISODE about the episode: https://bogumilbaranowski.substack.com/p/emily-bouchard-money-marriage-and FULL ARTICLE: https://bogumilbaranowski.substack.com/p/5-powerful-insights-f…
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Episode 49: Reviewing Daredevil: Born Again episodes 5, 6, and 7 - "With Interest”, “Excessive Force”, and “Art for Art’s Sake”
50:07
50:07
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50:07Christine, Ayesha, and Shelby are back to discuss three more episodes of Daredevil: Born Again. They touch on issues such as how much fun a bank robbery can be when you're Matt Murdock, Matt and Heather's complicated relationship, Cherry's stance on vigilantes, Wilson Fisk ranting about Daredevil, and how to wrap our brains around that painting sce…
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The Secular Bull Market Isn't Dead: Jim Paulsen on Why Tariffs Won't Break It
1:02:49
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1:02:49In this episode of Excess Returns, we are joined by Jim Paulsen of Paulsen Perspectives. We unpack the complexities of tariffs, Federal Reserve policies, and investor psychology amidst a turbulent market environment. Jim brings his decades of experience to provide context, rational analysis, and long-term perspectives, steering clear of bold predic…
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Sally Hemings Part 2: Sally Becomes Front Page News
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37:32In Part 2 of the 1833 conversation with Sally Hemings, she will talk about how she became front page news and what happened when Jefferson became sick and died. Start episode 2 to join the conversation. ----- ROBIN PEASE, actor, playwright, teaching artist, director, historical re-enactor, holds a Master of Fine Arts from Case Western Reserve Unive…
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Exclusive Interview with Daredevil: Born Again Showrunner Dario Scardapane and Executive Producer Sana Amanat
29:04
29:04
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29:04Fandom Without Fear, you’re in for a treat! This very special #TalkDaredevil episode features an exclusive interview with Daredevil: Born Again showrunner Dario Scardapane and executive producer Sana Amanat. We discuss how they landed their Born Again gigs, their awareness of fan expectations, favorite moments from the OG Daredevil series, and so m…
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100 Baggers Leave Fingerprints | Chris Mayer Wrote the Book and Tells You How to Find Them
1:01:50
1:01:50
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1:01:50In this episode of Excess Returns, Matt Zeigler is joined by special co-host Bogumil Baranowski to sit down with Chris Mayer. As the author of the acclaimed book 100 Baggers: Stocks That Return 100-to-1 and How to Find Them, former editor of influential newsletters, and co-founder of Woodlock House Family Capital, Chris brings a wealth of experienc…
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The Big Money's Made in the Big Moves: Samantha McLemore on Value Investing and Bill Miller's Legacy
1:12:05
1:12:05
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1:12:05An insightful conversation with Samantha McLemore, founder and CIO of Patient Capital Management, who spent over two decades investing alongside famed value investor Bill Miller before founding her own firm in 2020. Key Topics & Timestamps Early Influences & Career Path (03:46 - 10:45) Sam's humble beginnings and early relationship with money Worki…
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The Fastest Market Selloff Since 2020: Rick Ferri on Tactics to Survive and Thrive
53:56
53:56
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53:56In this episode, we are joined by Rick Ferri, a renowned advocate for low-cost, evidence-based investing. With the market in the midst of a significant selloff, it was a great time to get Rick’s practical wisdom on navigating market volatility, maintaining simplicity in investing, and making informed portfolio decisions amidst economic uncertainty.…
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The Art of Deploying New Capital: Finding Balance Between Opportunity and Patience
7:32
7:32
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7:32If you want to read a letter I wrote to clients and friends of the firm, please send me a quick email [bogumil AT talkingbillions.co (not com)] with a few words about yourself, and I'll send it over. Thank you! Here you will find the audio version of my this week's article, find it on Substack: https://bogumilbaranowski.substack.com/ -- subscribe t…
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On July 4, 1833, Sally Hemings was living with her sons when she received a call from the future… In this episode, Sally is going explain the relationship, or lack of one, between her and President Jefferson. She’ll also talk about the solemn promise Jefferson made to Sally if she would leave her freedom in France and return with him to Monticello.…
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Quality, Trust, and Patience: Alex Morris on Buffett and Munger Unscripted
1:20:21
1:20:21
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1:20:21Guest: Alex Morris - Founder of TSOH Investment Research and author of "Buffett and Munger Unscripted" Episode Focus: Buffett and Munger's investment philosophy, value investing principles, and business ownership mindset Key Topics: Alex's journey into investing and discovery of Buffett/Munger's teachings Value investing fundamentals - "getting a l…
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Mind, Money, and Markets: The Trilogy of Portfolio Design
6:26
6:26
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6:26Understanding the interplay between allocation, evolution, and cognitive investment Audio version of my this week's article, find it on Substack. https://bogumilbaranowski.substack.com/ -- subscribe there for all content, not to miss anything. Also, it's super important! I'll be in Omaha in a few weeks, if you want to say hello, send me a quick ema…
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Heading to Recession Island | Will the Trump and Powell Puts Help Us Reverse Course? | Andy Constan
1:02:21
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1:02:21In this episode, we dive into the current economic landscape and its implications for investors with Andy Constan, founder of Damped Spring Advisors. Andy shares his expert analysis on the U.S. economy’s trajectory, the impact of policy shifts under the new administration, and the tools investors should consider—or avoid—in today’s volatile markets…
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A 5-Minute Recap: Sean DeLaney: Mastering Your Inner Landscape
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6:58If you have 5 minutes this week, listen to this recap of my conversation with Sean DeLaney with a BONUS look behind the scenes and my thoughts about what I learned. FULL ARTICLE about the episode: https://bogumilbaranowski.substack.com/p/when-life-begins-to-whisper-insights Also, it's super important! I'll be in Omaha in a few weeks, if you want to…
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Episode 47: Reviewing Daredevil: Born Again episodes 3&4 - "The Hollow of His Hand" and "Sic Semper Systema"
41:55
41:55
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41:55This episode 3 and 4 conversation covers a little bit of everything, from superhero workout routines to bullet casings, and whether Gracie Mansion really has a cell in the basement. But also a lot of Matt and Frank’s epic reunion, the scene that would have been worthy of its own episode of the podcast. Timestamps: 00:00 Intro 01:10 How we’re liking…
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Emily Bouchard: Money, Marriage, and Multi-Generational Success: Navigating Family Finances
1:07:49
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1:07:49Transforming Financial Conversations from Sources of Tension to Opportunities for Connection Guest Introduction Emily Bouchard is a specialist in family dynamics around wealth, with over 20 years of experience working with families navigating complex financial relationships. She's the founder of Blended Families Flourishing and Bouchard Bespoke Con…
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The Market's Journey: Finding Clarity Through Volatility
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4:34Audio version my this week's article, find it on Substack. https://bogumilbaranowski.substack.com/ -- subscribe there for all content, not to miss anything. Also, it's super important! I'll be in Omaha in a few weeks, if you want to say hello, send me a quick email bogumil AT talkingbillions.co (not com) or if you just want to say hello, use the sa…
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The Soft Landing is a Myth: Here's What's Really Going on in the Economy | Cullen Roche
1:10:03
1:10:03
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1:10:03Join us for an insightful conversation with Cullen Roche, a renowned financial expert from Discipline Funds, as he breaks down some of the most pressing economic and market topics impacting investors today. Hosted by Justin and Jack, this episode of Excess Returns dives into a "fact and fiction" style discussion, where Cullen unpacks complex issues…
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A 5-Minute Recap: Vitaliy Katsenelson: Soul in the Game
7:28
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7:28If you have 5 minutes this week, listen to this recap of my conversation with Vitaliy with a BONUS look behind the scenes and my thoughts about what I learned. Also, it's super important! I'll be in Omaha in a few weeks, if you want to say hello, send me a quick email bogumil AT talkingbillions.co (not com) or if you just want to say hello, use the…
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Mastering Your Inner Landscape with Sean DeLaney
1:12:33
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1:12:33In this thought-provoking conversation, executive coach and author Sean Delaney returns to discuss his latest book, "When Life Begins to Whisper: A Journey Beyond the Answers." Building on our conversation from last year, Sean delves deeper into the subtle internal signals that guide our authentic paths and how we can develop a healthier relationsh…
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The Psychology of Portfolio Fluctuations: Understanding Investor Emotions
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7:27
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7:27Here is another recording of my article. Enjoy! They've been such a hit that I decided to read to you again. If you want to drop me a line, share your thoughts, or connect over Zoom, here is my email bogumil AT talkingbillions.co (not com). I read and answer all my emails; just give me a day or two! Thank you! Bogumil Find the text of the article o…
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Tariffs, Fed Policy, and Finding Value in a Volatile Market | Lindsey Bell and Shannon Saccocia
1:03:18
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1:03:18In this episode of Excess Returns, Matt Ziegler is joined by Lindsey Bell, Chief Market Strategist of Clearnomics, and Shannon Saccocia, Chief Investment Officer of Wealth at Neuberger Berman. They dive deep into the current market volatility and economic uncertainties facing investors. From tariff concerns to shifting consumer behaviors, they prov…
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Storm in a Glass or Broken Glass in a Storm: Navigating Market Turbulence
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3:36This is a very timely post (only 3 minutes). If you haven't read it yet, enjoy it here. And I hope my calming voice will help you as you are navigating the markets in the last few weeks. If you want to drop me a line, share your thoughts, or connect over Zoom, here is my email bogumil AT talkingbillions.co (not com). I read and answer all my emails…
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