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Excess Returns

Excess Returns

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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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Click Beta

Excess Returns

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A futurist, a financial planner and a special guest walk into a (virtual) bar, each carrying an investing topic the others don't know in advance. Join Dave Nadig and Matt Zeigler for unscripted conversations about markets, the economy, and whatever else crosses their minds. We hope you'll walk away a more informed investor - but we guarantee you'll enjoy the journey either way
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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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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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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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Story Pirates

Story Pirates

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The award-winning Story Pirates Podcast takes stories written by kids and turns them into sketch comedy and songs. Made up of talented comedians, songwriters, and frequent celebrity guests, the Story Pirates inspire kids to create, bringing laughter to kids and grownups of all ages with hilarious sketches, catchy original songs from all genres, and interviews with the creative geniuses behind the stories… kids! Sales and Distribution by Lemonada Media https://lemonadamedia.com/
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Dune Not Enter

Dune Not Enter

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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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Jin Ong is medical intuitive, pattern hunter, theme breaker and messenger of truth. Trained professionally as an osteopath, psychosomatic therapist, western medical acupuncturist and herbalist. She has worked with thousands of clients. She started two bricks and mortar clinics she later went on to sell to move into the online space as a coach + mentor. She is the creator of the Release Process ® and host of The Art Of Listening To Your Body Podcast. Jin works with complex physical and emotio ...
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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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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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Polyphonic Press is the show for music fans. Anywhere from the casual listener to the nerdiest of audiophiles. Each week, we review a classic album from a curated list of over one thousand releases, spanning multiples genres. At the top of each show, we have no idea what album we’re going to listen to. So we fire up the Random Album Generator and it gives the album of the week. Join us every Tuesday morning for a new classic album to discover!
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MuggleCast is your weekly ride into the world of Harry Potter, including the books and upcoming TV show! Our Harry Potter podcast, hosted by four life-long friends, brings its listeners entertaining and thought-provoking discussions about the Wizarding World. With each new episode we discuss everything Harry Potter: the latest news, the Potter books, the upcoming MAX TV Show, Fantastic Beasts, the theme parks, the video games, the fandom, and more! We're currently hosting a Chapter by Chapte ...
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Clash of the Myrmidons

Tristan Darwin Kubik

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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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In this wide-ranging conversation, Gautam Baid joins Excess Returns to discuss the principles that shaped his investing philosophy, the lessons learned through bear markets, and why compounding, patience, and quality matter far more than forecasts or short-term performance. Drawing from his books The Joys of Compounding and The Making of a Value In…
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The Third Episode of the Series! (Scroll down the earlier ones below). Matt Zeigler and I had the privilege of hosting Robert Hagstrom (The Warren Buffett Way) and Chris Mayer (100 Baggers) for a special 100-Year Thinkers Edition of the Excess Returns Podcast. Two legendary investors and authors. One hour packed with timeless wisdom on long-term th…
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This week we’re throwing back to one of our favorite full episodes from the Story Pirates archives: the classic episode where the Story Pirates Podcast becomes the Johnny Blobfish Show! Originally aired March 11, 2021. See omnystudio.com/listener for privacy information.By Story Pirates
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In this episode of Excess Returns, Jack Forehand and Matt Zeigler dig into forecast season by reviewing and synthesizing insights from 22 major Wall Street and institutional market outlooks. Rather than treating year-end forecasts as precise predictions, the conversation uses them as a framework for understanding consensus views, hidden assumptions…
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Jawad Mian is the founder and managing editor of Stray Reflections, serving elite hedge funds and family offices worldwide, while uniquely integrating deep spiritual wisdom with global macro investing through his acclaimed book and podcast. 3:00 - Jawad shares how seeking his entrepreneur father's approval shaped his drive for success, revealing th…
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MuggleCast is off from releasing new episodes until 2026, but we wanted to share this Bonus episode recorded for Patreon earlier in the year! In it, we reminisce over the greatest month in Harry Potter fandom history: July 2007, when the Deathly Hallows book and Order of the Phoenix movie were released. We look at what we were doing while working f…
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Matthew Stafford is a venture capitalist, angel investor, and co-founder of Nine Others—a global entrepreneur network spanning 5,000 founders across 50 cities—who transformed from school dropout to successful investor by proving that authentic, give-first relationships create more wealth than transactional networking. 3:00 - Matthew explains the Ni…
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In this special compilation episode of Excess Returns, we ask one revealing question to some of the most respected investors, strategists, and market thinkers in the industry: What is one belief you hold about investing that most of your peers would disagree with? The answers challenge conventional wisdom across macro, valuation, diversification, o…
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In this episode of Excess Returns, we sit down with Paul Eitelman, Global Chief Investment Strategist at Russell Investments, to unpack their 2026 outlook and the idea of a “Great Inflection Point” for markets and the economy. Paul explains why the U.S. economy may be shifting from resilience to reacceleration, how artificial intelligence is moving…
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Happy Holidays, Dear Friends! Enjoy this special episode where I share a few stories and my reflections on the year. Podcast Program – Disclosure Statement Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of…
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We're taking a rest for the holiday break, but in the meantime we wanted to share one of our favorite shows: Smash Boom Best! Smash Boom Best is a funny, smart debate show for kids and families from the Brains On Universe. Every episode takes two cool things, smashes them together and lets you decide which is best. In today's debate is a fun-filled…
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In the latest episode of Click Beta, Matt Zeigler, Dave Nadig and Cameron Dawson take a look back at 2025 and a look forward to 2026. Subscribe to Click Beta via the links below. Follow Click Beta: Spotify ⁠https://open.spotify.com/show/0u1fxie4C4vHXIJPUMhvUs⁠ Apple Podcasts ⁠https://podcasts.apple.com/ky/podcast/click-beta/id1793929457⁠ YouTube: ⁠…
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Beyond celebrating, holidays are often also about giving and receiving. It's a timely episode that explores both, and so much more. Jen Laun is a well-being facilitator who guides family wealth professionals and rising generation members through transformative experiential learning focused on the sacred flow of giving and receiving, spiritual capit…
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In this wide-ranging year-end conversation, Cameron Dawson, Dave Nadig, and Matt Zeigler reflect on what worked, what failed, and what the last decade has revealed about markets, diversification, and portfolio construction. The discussion moves from the collapse of traditional asset allocation assumptions to the realities of concentration risk, gol…
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This week we make a few end-of-year predictions for what 2026 will hold in store for Harry Potter fans, and open up the MuggleMail bag further than ever, as we read recent comments from YouTube and Spotify in addition to Discord, voicemails and e-mail! Join Andrew, Eric, Micah and Laura for our final episode of 2025! Looking ahead: what news will w…
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Dave Sather is a Certified Financial Planner and founder/CEO of Sather Financial Group, a $2 billion fee-only investment management firm in Victoria, Texas, who has built authentic client relationships through disciplined value investing over 25+ years while creating the award-winning Bulldog Investment Company student internship program at Texas L…
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In this episode of Excess Returns, we sit down with Adrian Helfert of Westwood to discuss how investors should be thinking about portfolio construction in a market shaped by artificial intelligence, high levels of concentration, shifting interest rate dynamics, and evolving economic signals. The conversation covers how AI-driven capital spending is…
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In this special episode, Adam Butler and Ben Hunt join Matt Zeigler to unpack one of the most charged debates in markets and economics today: whether our official statistics still reflect lived reality. Building on Mike Green’s work and Adam Butler’s essay The Bureau of Missing Children, the conversation moves beyond the technical definition of pov…
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Today’s episode features a brand new story written by over a hundred different members of the Story Pirates Creator Club! The next Create a Story session is coming up on Friday, January 23rd @ 7pm ET Grownups, your kids can join Peter and Lee to make a new story in a virtual Create a Story session and hear it come to life on the podcast! Create a S…
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In this episode of Excess Returns, we sit down with David Wright, Head of Quantitative Investing at Pictet Asset Management, for a deep and practical conversation about how artificial intelligence and machine learning are actually being used in real-world investment strategies. Rather than focusing on hype or black-box promises, David walks through…
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Help MuggleCast grow! It’s the holiday season and you can get 20% off your Patreon membership at Patreon.com/MuggleCast. Just use code HOLIDAY at checkout and receive a slew of great benefits instantly! And don’t forget, Patreon memberships can be gifted! Get cozy this winter with a MuggleCast hoodie, Laura’s pants, or a long-sleeve tee! And if you…
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In this episode of our new show The 100 Year Thinkers, Robert Hagstrom, Chris Mayer, Bogumil Baranowki and Matt Zeigler explain how investors get trapped by labels, abstractions, and simplistic models, and why breaking free with better mental models, language, and long-term thinking is a real edge in markets. Subscribe on Spotify ⁠⁠https://open.spo…
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Ehsan Ehsani is executive director at Crescendo Partners, adjunct assistant professor at Columbia Business School, and author of “How Not to Be Replaced by a Spreadsheet That Talks” who uniquely bridges quantitative analysis, and traditional fundamental investing while organizing Columbia’s generative AI conference. The episode is sponsored by Tenz…
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Brent Kochuba takes a look behind the scenes at the options flows driving the market heading into the December options expiration and the end of 2025. Subscribe on Spotify ⁠https://open.spotify.com/show/4KR2YVJqk2lnVETMKDavJf⁠ Subscribe on Apple Podcasts ⁠https://podcasts.apple.com/us/podcast/the-opex-effect/id1711880009⁠ Subscribe on YouTube ⁠http…
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A wonderful discussion on Ritavan's podcast. Reposted here with full credit to him. Check out his show -- Part Maven, Part Maverick. I open with a story of a very memorable chance encounter with the billionaire investor and founder, Ken Langone, in my early years in New York City. We talk about trust, money, compounding, and so much more. Tune in t…
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Ed Yardeni returns to Excess Returns to break down the evolving market landscape, why he moved the Magnificent 7 to underweight, and how AI, productivity, interest rates, global markets, and sector leadership will shape the next stage of the Roaring 2020s. Ed explains why the economy has remained so resilient, what could finally trigger a true mark…
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It’s National Referee Day (again) and the Story Pirates are determined to show Smitty a good time. Featuring two new stories: “The Horrible Pizza,” a flashback-laden chronicle of the unlikely origins of a mythic pizza shop, written by Kiaan and Haley, two siblings from California, and “Demons,” a cautionary tale about what happens to many (most?) f…
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You're listening to the audiobook launch party replay for Healing Beyond the Diagnosis. WATCH HERE 🎧 Launch Specials ✨ Private access to the full audiobook ✨ Bonus Track — the new insights, patterns and cycles that landed only through recording ✨ Behind-the-Scenes Course Portal, including: • The origin stories behind all 19 chapter quotes • The “cy…
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In this episode of Excess Returns, we sit down with Andrew Beer to break down managed futures, hedge fund replication, diversification, and what investors can realistically expect from these alternative strategies. Andrew explains why managed futures can act like a “cloudy crystal ball,” how trend strategies capture major macro shifts, why complexi…
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Help MuggleCast grow! It's the holiday season and you can get 20% off your Patreon membership at Patreon.com/MuggleCast. Just use code HOLIDAY at checkout and receive a slew of great benefits instantly! And don't forget, Patreon memberships can be gifted! Get cozy this winter with a MuggleCast hoodie, Laura’s pants, or a long-sleeve tee! And if you…
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We are including this episode from our separate show Teach Me Like I'm Five in the Excess Returns feed. If you would like to continue receiving new episodes, subscribe using the links below. In the episode, we sit down with Business Breakdowns host Matt Reustle to discuss how he breaks down businesses and the common characteristics that the best bu…
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Ted Merz is a veteran media and product leader with 30+ years shaping financial journalism, rising from Bloomberg's 15th newsroom hire to Managing Editor for the Americas and leading product innovation with AI-driven analytics before co-founding Principles Media and Pricing Culture. Episode Sponsor: Fiscal AI is a modern data terminal that gives in…
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In this episode of Excess Returns, Graeme Forster of Orbis joins us to discuss two major research papers: Six Courageous Questions for 2026 and Sunrise on Venus. We explore how long-running global trends may be reversing, what that means for U.S. dominance, the future of international and emerging markets, the risks and opportunities created by AI …
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My appearance on Value CVille Podcast with Jeff Henriksen and Donnie Sattar. This episode explores the intersection of investing and philosophy, focusing on the role of AI in investment decision-making, the importance of understanding value beyond just financial metrics, and the emotional journey of investing. https://www.valuecville.com/podcast Fu…
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Holy Horcrux! WB is selling Harry Potter to Netflix! What does Netflix's acquisition of Warner Bros mean for the future of the Wizarding World franchise? How will it impact the new Harry Potter TV Show? What does it mean for potential spin-offs? Join Andrew and Micah as they react to the breaking news. Learn more about your ad choices. Visit megaph…
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James Grant, legendary founder of Grant’s Interest Rate Observer, joins us for a wide-ranging conversation on cycles, interest rates, inflation, credit, the Federal Reserve, private markets, gold, and the future of investing. Grant brings five decades of historical perspective to today’s market extremes, explaining why this era of ultra-low interes…
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The crew discovers a world traveler (Matt Oberg) who believes it’s still the year 1999. Featuring two new stories: “Bob’s Impossible Pants”, a song about a cursed pair of pants with significant upside, written by Iris, a 9 year old from Massachusetts, and “The Weird Inventor”, a story about a creative builder who has trouble getting others to see h…
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Peta Milan is the founder and principal of Dubai-based Henmel Group, a regenerative investing pioneer, award-winning filmmaker, published author, and international speaker who’s building the world’s only family office exclusively focused on regenerative investment methodology. 3:00 - Peta shares her challenging childhood in a lower-middle-class fam…
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In this episode, we’re joined again by Jim Paulsen to break down the key themes shaping markets and the economy heading into 2026. Jim explains why policymakers may be fighting the wrong battle, why real sustainable growth has quietly collapsed over the past 20 years, and how shifts in policy, demographics, productivity, inflation, and investor psy…
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We're off for Thanksgiving, but here's a look at the fun you can experience in Bonus MuggleCast on our Patreon! To celebrate Back to Hogwarts month, the MuggleCasters are creating their own Hogwarts Houses from scratch! We share the name of each of our Houses, the sigil, how to get into the Common Room, what each of these new Houses stands for, and…
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Peter Gabriel’s So is one of the most iconic art-pop albums of the 1980s, a record that blends emotional vulnerability, ambitious production, and global musical influences into something both personal and cinematic. After years of being known as the “enigmatic” former Genesis frontman—dabbling in experimental textures, avant-rock, and political the…
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In this episode, we speak with Ashley Privette, Founder and CEO of Twofold. Twofold develops novel, prescription-strength solutions for hyperhidrosis, making effective sweat care and specialist support accessible to those who need it. Tune in to hear us talk about: - Ashley's hyperhidrosis story and why it was difficult growing up as a child with e…
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Jim and Abigail Zimmerman are a father-daughter investment team at Lowell Capital Management, combining Jim’s two decades of disciplined value investing since founding the firm in 2003 with Abby’s research-focused approach to identifying small-cap companies with fortress balance sheets and strong free cash flow generation. The episode is sponsored …
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In this special episode of Excess Returns, we share the most important investing lessons from more than 50 of our top guests. After asking more than 200 investors, strategists, academics, and market thinkers the same closing question about the one lesson they would teach the average investor, we compiled the most powerful, timeless, and repeatable …
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In this episode of Excess Returns, Matt sits down with Ben Hunt to break down his new Epsilon Theory essay, World War AI. They explore how the US government, markets, and Big Tech are rapidly shifting the AI narrative from productivity and progress toward a national security arms race with massive implications for energy, capital, jobs, inflation, …
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In this episode of Excess Returns, we sit down with Louis-Vincent Gave of Gavekal Research for one of the most wide-ranging and eye-opening conversations we have ever hosted. Louis breaks down how China transformed its economy over the last seven years, why Western observers consistently misunderstand the country’s growth model, and what this means…
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Help MuggleCast grow! It's the holiday season and you can get 20% off your Patreon membership at Patreon.com/MuggleCast. Just use code HOLIDAY at checkout and receive a slew of great benefits instantly! And don't forget, Patreon memberships can be gifted! Get cozy this winter with a MuggleCast hoodie, Laura’s pants, or a long-sleeve tee! And if you…
  continue reading
 
Released in 1972, #1 Record is the debut album by Big Star, a band from Memphis, Tennessee that blended British Invasion melodies with Southern soul and jangly guitar pop. Though it wasn’t a commercial success upon release, the album became one of the most influential records in rock history — laying the groundwork for what would later be called po…
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Just in time for your holiday travel, DJ Squirm-a-Lot has a brand new mixtape! This year, he’s flying the friendly skies for a Thanksgiving on the beach. Help us finish our season and get a personal video from DJ Squirm-a-Lot for a limited time only at storypirates.com/support Submit kids’ stories at storypirates.com/submit-a-story Check out Story …
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Laurence Endersen is an investment professional with over 30 years of experience and author of three books, including The Compounder’s Element, who champions patient wealth building through understanding one’s natural investing temperament and staying disciplined within it. Episode Sponsor: Fiscal AI is a modern data terminal—use my link for a two-…
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