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Excess Returns Excess Returns Excess Returns 百听不厌经典流行歌曲 百听不厌经典流行歌曲 只爱好声音 あたらしい経済ニュース(幻冬舎のブロックチェーン・仮想通貨ニュース) あたらしい経済ニュース(幻冬舎のブロックチェーン・仮想通貨ニュース) あたらしい経済編集部(幻冬舎) Permission to Shine: Empowering Women to Overcome Obstacles and Lead with Authenticity Permission to Shine: Empowering Women to Overcome Obstacles and Lead with Authenticity Sherisse Bisram FUSSBALL MML Daily FUSSBALL MML Daily Maik Nöcker, Lena Cassel, MML nic na siłę nic na siłę Ania Cieśluk-Żebrowska Kid’s Bedtime Stories Podcast Kid’s Bedtime Stories Podcast Kid’s Bedtime Stories VOV - Chương trình Thời sự VOV - Chương trình Thời sự Đài Tiếng nói Việt Nam Boomer & Gio Boomer & Gio Audacy Evan & Tiki Evan & Tiki Audacy Fountain Gate Ministries Inc. Fountain Gate Ministries Inc. Alozie Israel Ikonne Prof. Edward Dutton: The Jolly Heretic on Odysee Prof. Edward Dutton: The Jolly Heretic on Odysee Prof. Edward Dutton: The Jolly Heretic Likutei Moharan Amud Yomi | Rabbi Yaakov Klein Likutei Moharan Amud Yomi | Rabbi Yaakov Klein LikuteiMoharanAmudYomi Tobin & Leroy Show Tobin & Leroy Show Audacy HugoDécrypte - Actus et interviews HugoDécrypte - Actus et interviews Hugo Décrypte Anchorage News Today | 2 Min News | The Daily News Now! Anchorage News Today | 2 Min News | The Daily News Now! The Daily News Now! Anas Rafiq: Arora PLAB 1 Ultimate On-the-Go (for anascpmc@gmail.com only) [free version; no premium access] Anas Rafiq: Arora PLAB 1 Ultimate On-the-Go (for [email protected] only) [free version; no premium access] Dr. Aman Arora for Anas Rafiq ([email protected]) PlayerProfiler Fantasy Football Podcast Network PlayerProfiler Fantasy Football Podcast Network Fantasy Football, PlayerProfiler, NFL Stats The Playbook Podcast The Playbook Podcast POLITICO The Fox News Rundown The Fox News Rundown FOX News Radio Packernet Podcast: Daily Green Bay Packers Podcast Packernet Podcast: Daily Green Bay Packers Podcast AC Sports Gamereactor TV - Español Gamereactor TV - Español Gamereactor Daily Prayer (BCP 1662) Daily Prayer (BCP 1662) Rev Vincent Murphy Por el Placer de Vivir con el Dr. Cesar Lozano Por el Placer de Vivir con el Dr. Cesar Lozano Uforia Podcasts Heal Squad x Maria Menounos Heal Squad x Maria Menounos Heal Squad Everything Everywhere Daily: History, Science, Geography & More Everything Everywhere Daily: History, Science, Geography & More Gary Arndt Thinking With Mitch Joel Thinking With Mitch Joel Mitch Joel Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Suze Orman's Women & Money (And Everyone Smart Enough To Listen) Suze Orman Media Sternstunde Philosophie Sternstunde Philosophie Schweizer Radio und Fernsehen (SRF) Packernet Podcast: Daily Green Bay Packers Podcast Packernet Podcast: Daily Green Bay Packers Podcast AC Sports UnJustified UnJustified MSW Media Calm Parenting Podcast Calm Parenting Podcast Kirk Martin Les Grosses Têtes Les Grosses Têtes RTL Catholic Inspiration Catholic Inspiration Fr. Andrew Ricci Gamereactor TV - Sverige Gamereactor TV - Sverige Gamereactor This Day (An America 250 History Show) This Day (An America 250 History Show) Jody Avirgan & Radiotopia Lighthouse Faith Lighthouse Faith FOX News Podcasts
Excess Returns

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Excess Returns

Excess Returns

The 100 Year Thinkers: Chris Mayer on SpaceX, AI Reckoning, and Why Early Is Overrated

June 27, 2026 3:24pm 58 min

On this episode of the 100 Year Thinkers, Chris Mayer and Matt Zeigler discuss long-term investing, 100-baggers, AI stocks, SpaceX valuation, founder-led companies, and why the best investments often come with brutal dra...

We Asked GMO’s Head of Asset Allocation Why This Bubble is Easy — But Investors Will Get it Wrong

June 24, 2026 8:25am 1:09

Ben Inker of GMO joins Excess Returns to break down whether the AI boom is an investment bubble, how it compares to 2000, 2007 and 2021, and why today’s risk may be more about earnings than valuations. We also discuss AI...

Finding Quality Growth in Emerging Markets with Ian Smith

June 22, 2026 6:52am 57 min

Ian Smith, portfolio manager at William Blair, joins Excess Returns to break down emerging markets, global diversification, and why EM may offer a very different opportunity set than US stocks. We discuss AI capex, the r...

The $2 Trillion Question | Tobias Carlisle on SpaceX, the AI Buildout, and the Rotation No One Sees

June 20, 2026 8:10am 58 min

Tobias Carlisle joins Excess Returns to discuss why today’s market may be setting up a major opportunity in value stocks, small caps and micro caps. We cover stretched market valuations, AI capex, SpaceX and other massiv...

The Trillion Dollar Gap | Aswath Damodaran on SpaceX, AI and the Big Market Delusion

June 18, 2026 8:00pm 1:08

Professor Aswath Damodaran joins Kai Wu on The Intangible Economy to break down how to value SpaceX, AI companies, intangible assets, and the future of value investing.We discuss why big markets do not automatically crea...

Andy Constan on the SpaceX IPO, AI CapEx, and the End of the Buyback Tailwind

June 16, 2026 1:55pm 59 min

In the third episode of First Principles with Andy Constan, Andy breaks down the changing structure of markets as the IPO window reopens, AI CapEx accelerates, and corporate buybacks shift toward new equity supply. We di...

The SpaceX IPO Meets a Huge Options Expiration | Brent Kochuba on What Comes Next

June 13, 2026 1:27pm 1:08

In this episode of The OPEX Effect, Jack Forehand and Brent Kochuba break down the market structure impact of the SpaceX IPO, options expiration, dealer gamma, volatility, and the next major setup for the S&P 500 and Nas...

Mike Green on What Happens When Passive Flows Meet the Largest IPO in History

June 11, 2026 8:10am 43 min

Mike Green joins Excess Returns to explain why passive investing, index construction, SpaceX, AI IPOs and mega-cap concentration may be changing how the stock market actually works. We discuss how passive flows can affec...

We Asked Vanguard’s Chief Economist Why AI Has Two Huge Tails — And Which One Wins

June 09, 2026 6:50am 48 min

AI could become the next general purpose technology, reshaping economic growth, inflation, interest rates and portfolio construction. Vanguard Global Chief Economist Joe Davis joins Excess Returns to explain why AI, demo...

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

June 06, 2026 11:10am 56 min

On the latest Click Beta, Matt Zeigler, Dave Nadig and Cameron Dawson discuss what could happen when SpaceX goes public and why this IPO may be as much a market structure problem as a valuation problem.They break down th...

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

June 04, 2026 3:50pm 1:01

Jim Paulsen returns to Excess Returns to discuss why he is increasingly concerned about a meaningful stock market pullback, even though he does not expect a bear market. We cover the extreme divide between AI-driven “new...

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

June 02, 2026 11:26am 1:03

Kai Wu of Sparkline Capital joins Excess Returns to break down his latest research on AI disruption, software stocks, value traps, and intangible moats. We discuss why software valuations have collapsed, why traditional ...

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 3:00pm 1:08

In this episode of Last Call, we break down one of the most confusing market backdrops in years: AI-driven earnings optimism, rising oil and inflation risk, stretched options positioning, and the market impact of a poten...

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

May 28, 2026 9:42am 49 min

Adam Parker returns to Excess Returns to explain why the market may be trading more on future fundamentals than investors think, how AI is reshaping stock selection, and why traditional valuation signals may be less usef...

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

May 26, 2026 8:59am 1:06

Eric Crittenden joins Matt Zeigler and Jason Buck for a deep dive into trend following and managed futures.They discuss why systematic macro trend investing works, how risk transfer creates a return premium, and how tren...

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

May 23, 2026 4:00am 1:18

Cliff Asness returns to Excess Returns for a greatest hits tour through some of his most important and entertaining investing ideas.We discuss bubble logic, today’s AI market comparisons, why volatility still matters as ...

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

May 21, 2026 6:15am 57 min

Ben Carlson joins Excess Returns to discuss his new book Risk and Reward and the biggest lessons investors can learn from market history. We cover how to think about risk, inflation, market timing, bear markets, lost dec...

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

May 19, 2026 8:58am 53 min

AI is moving from hype to real enterprise adoption, and Gene Munster and Doug Clinton join Excess Returns to explain what that means for investors, technology stocks, energy demand, jobs and the next phase of the AI trad...

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

May 16, 2026 11:16am 1:04

Jeremy Grantham joins Excess Returns to discuss The Making of a Permabear, mean reversion, market bubbles, AI, the Magnificent 7, and the long-term lessons investors can take from his career at GMO. We cover why he rejec...

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

May 15, 2026 10:55am 1:03

Marc Rubinstein joins Excess Returns to explain what private credit, bank earnings, insurance balance sheets, fintech growth, and arbitrage firms reveal about the modern financial system. The conversation covers why priv...

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