Excess Returns · Nova Podcast

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Excess Returns

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.

Episodes · 25

The SpaceX IPO… What Happens When $1.75 Trillion Meets 4% Float

Jun 6, 2026 · 56m

Tech Spending Has a Cash Problem | Jim Paulsen on the Two Signals That Could Trigger a Correction

Jun 4, 2026 · 1h 1m

He Quantified 200 Years of Disruption | Kai Wu on Separating Software Survivors from Value Traps

Jun 2, 2026 · 1h 3m

The Three Cracks in the AI Trade | Ben Hunt, Brent Kochuba and Aahan Menon on What Could Derail the Market's Biggest Bet

May 30, 2026 · 1h 8m

Cheap Is a Warning, Not a Thesis | Adam Parker on What This Market Is Really Pricing

May 28, 2026 · 49m

He Built the Fund He'd Hold 30 Years | Eric Crittenden on What Investors Pick When Labels Come Off

May 26, 2026 · 1h 6m

Cliff Asness on Bubbles, Private Equity and His Research Greatest Hits

May 23, 2026 · 1h 18m

He Studied Every Bear Market Since 1929 | Ben Carlson on How the Worst Starting Point Still Made 8%

May 21, 2026 · 57m

Is AI Still in 1995? Gene Munster and Doug Clinton on the Next Phase of the AI Boom

May 19, 2026 · 53m

Jeremy Grantham on AI, Bubbles and Why Mean Reversion Lives On

May 16, 2026 · 1h 4m

He Studied the Financial System for Decades | Marc Rubinstein on Where the Real Risk Is

May 15, 2026 · 1h 3m

Lessons from Investing Through Bubble Regimes with Andy Constan

May 14, 2026 · 1h 4m

He Wrote the Book on Bubbles | Edward Chancellor on If AI is Different

May 12, 2026 · 1h 17m

We Asked an Options Expert Why This Melt Up Hasn’t Broken — and Which Signal Could End It

May 10, 2026 · 1h 7m

We Asked a $4.5B Quant Manager Why the S&P 500 Is Just 46 Stocks — and Why Small Caps Aren't Dead

May 8, 2026 · 1h 2m

The Last Moat | Chris Mayer and Ian Cassel on the Stock Picking Edge AI Can’t Replicate

May 6, 2026 · 1h 16m

We Asked Rich Bernstein and Chris Davis Why This Market Isn’t as Safe as It Feels

May 4, 2026 · 1h 10m

We Asked Ben Hunt, Jim Paulsen, Kevin Muir and Brent Kochuba Why Bad News Can’t Break This Market

May 1, 2026 · 1h 7m

The Opportunity No One Sees | Richard Bernstein on Finding Value in a Narrow Market

Apr 29, 2026 · 1h 2m

Feeling Safe Is the Risk | Chris Davis on Finding Durable Companies in a Disrupted World

Apr 27, 2026 · 1h 2m

Buy High, Sell Higher | Travis Prentice on Dispersion, Passive's Structural Risk and Why 52 Week Highs Don't Mean What You Think

Apr 24, 2026 · 59m

The Secular Plateau | Chris Bloomstran on Why We May Be at Peak Valuations

Apr 22, 2026 · 1h 8m

We Asked David Rosenberg Why He Owns Almost No US Stocks — and What He Holds Instead

Apr 19, 2026 · 1h 5m

The Resilience No One Trusts | Brent Donnelly on Why War and Oil Haven’t Broken This Market

Apr 17, 2026 · 1h 4m

The Bear Market No One Sees | Liz Ann Sonders on the Real Story Indexes Hide

Apr 15, 2026 · 1h 4m