Excess Returns

Buffett, Sun Tzu and the Ancient Art of Risk Taking | Tobias Carlisle

Timeless Trend Following | Jerry Parker

The 100 Year Thinkers | Chris Mayer and Robert Hagstrom on Finding the Next Great Compounders

Investing in a Debasement Regime | Warren Pies

The conversation centers on the concept of a "debasement regime," a mindset shift from prioritizing principal protection to prioritizing purchasing power, especially relevant since the 2020 pandemic. The guest, Warren Pies, explains that this shift involves investors fearing excessive cash holdings amidst rising asset ...

The Four Pillars of Macro - And What They Say About This Market | Andy Constan

What a Global Regime Change Means for Investors | Julian Brigden

Big Rally. First Sell Signal Since April | Katie Stockton on What the Charts Say Could Come Next

Electricity Is the New Oil | Rob Thummel on the Energy Opportunity from the AI Boom

The Expensive Truth About Cheap Investing | Bogumil Baranowski

Evidence Based Factor Investing | Matt Zenz

A Volatility Masterclass | Timeless Lessons from 30 Year Options Trader Noel Smith

A Practical Guide to Market Valuation with Ben Carlson

In this episode of the podcast, Ben Carlson discusses the difficulties of using historical valuations in today's market due to changes in market structure, the impact of technology on company margins, and the increasing concentration of market capitalization in a few tech companies. The conversation explores whether cu...

The New Valuation Regime | Jim Paulsen on Confidence, Inflation and the Coming Market Supports

Finding the Next Great Tech Compounders | John Tinsman

In this episode of Excess Returns, John Tinsman from AOT Invest discusses his investment strategy, particularly focusing on the AOT Growth and Innovation ETF (AOTG). He shares his journey into investing, highlighting the importance of low marginal cost companies, which he refers to as "digital toll booths," exemplified...

Finding Decade-Long Compounders with Joseph Shaposhnik

In this episode of Excess Returns, Joseph Shaposhnik, founder of Rainwater Equity and former portfolio manager at TCW, discusses his investment discipline, focusing on quality as a strategy and adapting to changing market dynamics. He emphasizes the importance of investing in businesses with recurring revenue, strong l...

The Average Return That Never Comes | Sam Ro on 10 Stock Market Truths Investors Get Wrong

Exceptionalism Is Ending. New Winners Are Rising | Olga Bitel on the $2 Trillion Opportunity

Bull Market on Borrowed Time | Ned Davis Chief Strategist Tim Hayes on the Indicators That Matter

Brent Donnelly on the Fed, Inflation, and Why 2% No Longer Matters

Cullen Roche on Inflation, AI and Why the Debt Crisis is Overblown