Excess Returns

The Opex Effect | Inside the Options Flows Driving Markets

$1 Trillion AI Bet. $10 Billion in Profits | Bob Elliott on the AI Income That Isn't Coming

The Hidden Fingerprints of 100 Baggers | Chris Mayer and Robert Hagstrom on Finding the Perfect Business

He Invented the 4% Rule | Bill Bengen on Why He Now Thinks 5% Works

The Most Powerful Investing Tool You Aren’t Using | Four Lessons from Michael Mauboussin

The Bull Market You Don’t Want to Believe | Rupert Mitchell on China vs. the Mag Seven

The Most Extreme Speculation in 40 Years | Richard Bernstein on What It Means for Markets

99.9% Focus on the Wrong Question | Victor Haghani on Why Static Allocation Fails

In this episode of Excess Returns, Victor, the founder and CIO of Elm Wealth, discusses his journey from Long Term Capital Management to embracing passive investing, emphasizing the importance of asset allocation over stock picking. He shares his insights on constructing portfolios, incorporating dynamic indexing, and ...

The Case for Permanently Higher Market Valuations | Jim Paulsen

The Liquidity Trap Door | Cem Karsan on Why We Are Likely in a Bubble, It Could Get Bigger, And What Pops It

The $5 Trillion Question | Kai Wu on the Risks of the Mag Seven's Big AI CapEx Bet

The Inflation Risk Investors Miss | Nancy Davis

In this episode of Excess Returns, Nancy Davis, founder and CIO of Quadratic Capital Management, discusses her investment strategies, particularly those behind her firm's fixed income ETFs, IVOL and BNDD. The conversation covers the use of options in investing, focusing on interest rate volatility and inflation hedging...

The 40 CAPE Conundrum | Meb Faber on What High Valuations Mean for Markets

Everyone Feared Recession. His Data Said Otherwise | US Bank CIO Eric Freedman on What It Says Now

Most Never Escape Stage 3 | Rick Ferri on the Education of an Index Investor

Fiscal Dominance, Liquidity and the New Market Math | Remi Tetot

The 4% That Drive All Returns | Larry Swedroe on What You're Getting Wrong About the S&P 500

The Only Two Things That Matter | Adam Parker on Growth, Rates, and What Comes Next

The Loans No One Can Exit | Ben Hunt on How Private Credit Unravels

The Case That We Are in the Early Stages of an AI Bull Market | Gene Munster and Doug Clinton