Excess Returns
We take complex investing topics and make them understandable for everyday investors.
Subscribe to get new interviews every week with great investors and deep dives into topics like macroeconomics, value investing, factor investing, and more.
A Housing Market on Edge | Redfin Chief Economist Daryl Fairweather on What Comes Next
Buffett Does It. Most Value Investors Don’t | Robert Hagstrom on the Real Key to Compounding
Recession Indicators Are Breaking. Inflation Isn’t | Megan Horneman on What Comes Next
The Hidden Risk Behind ETF Growth | Eric Balchunas and Dave Nadig Debate If We've Gone Too Far
The Rally No One Trusts | What the Options Market Tells Us About What Comes Next
Broken Data. Hidden Opportunity | GMO's Warren Chiang on Deep Value’s Historic Setup
Political Strongmen are Rising. The Market is Too | Peter Atwater on Why One Trend Has to Break
20,000 Watched in Silence. Then Buffett Dropped the Bombshell. | What It Means for Berkshire
$66 Billion. 17 Straight Outperforming Years | The Overlooked Strategy David Giroux Used To Do It
The $9 Trillion Risk | Rupert Mitchell on What Follows US Dominance
Inside a Top Quant's Playbook | Joe Gubler on the Hidden Drivers of Alpha
Big Decline. Big Rally. What the Charts Tell Us About What Comes Next | Katie Stockton
The Stimulus Deception | Rob Arnott on the Unexpected Impact of Deficit Spending
The Big Beautiful Debt Delusion | The Real Risk Behind Tax Cuts and Deficits
The Hidden Logic of Options | Put-Call Parity Explained with Legos
The Great Distortion: The Hidden Impact of Passive Investing | Practical Lessons from Mike Green
Too Much Google, Tesla, Nvidia? | Wes Gray & Srikanth Narayan Explain a Smarter Way Out
Decoding Volatility with the Rule of 16 | Teach Me Like I'm Five
The Hidden Retirement Risk - And How to Manage It | Practical Lessons from Wade Pfau
The Fourth Turning is Here | Neil Howe Explains What Comes Next
The Hidden Trade War Opportunity | Kai Wu on the Real Edge Investors Are Missing
The Number Go Up Regime - And What Comes After It | Practical Lessons from Ben Hunt & Grant Williams
The Fragile Rally | What the Options Market Tells Us About What Comes Next
The Diversification Delusion | The Risk that Leaves Both Stocks and Bonds Exposed
The Retail Rally Trap | Kris Sidial on Volatility, Liquidity and What Comes Next
Mag Seven Margin Crunch | Cameron Dawson on Tariffs, Recession Risk and the Defensive Investing Trap
The Domino's Recession Indicator | The Risks Markets Are Missing
The Market's Best-Kept Secret | Travis Prentice on Momentum's Surprising Edge
The Irrecoverable Error | Risk, Ruin, and the Rules of Wealth | Practical Lessons from Guy Spier
The Monumental Miscalculation | Jared Dillian on Tariffs, Fed Risks, and Where Markets Go from Here