Excess Returns Podcast Transcripts
Excess Returns · 572 episodes with transcripts
Excess Returns is dedicated to making you a better long-term investor and making complex investing topics understandable.
Spoken has transcripts of 572 Excess Returns episodes, with the speakers named. The newest listed here is from October 18, 2026.
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Latest Excess Returns transcripts
The S&P 500 Is Only 50 Stocks. 70% of the Index Is in a Correction. Did the Sell-Off Already Happen?
October 18, 2026
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Jack Forehand (0:58)
Paisley, welcome to Excess Returns.
- The S&P 500 Is Only 50 Stocks. 70% of the Index Is in a Correction. Did the Sell-Off Already Happen?
- We Asked T. Rowe Price's $17B International Manager Why Value is Winning Again — and What the S&P 500 Leaves Out
- Tech Is Rolling Over. Yields Are Falling. Why Jim Paulsen is Watching the Walmart Recession Signal
- AI Productivity Is Real. 83% of Stocks Are 10% Off Highs. Why Does Barry Ritholtz Like Bonds Again?
- The Winners That Get Away | Chris Davis and Robert Hagstrom on Holding Great Businesses
- Katie Stockton Still Sees a Bull Market. So Why Is Her ETF Only 50% in Stocks?
- Tom Maher on Small-Cap Investing, AI Infrastructure and Opportunities Beyond Big Tech
- Ed Yardeni Still Sees S&P 10,000 by 2029. So Why Is He Getting More Cautious?
- The 10-Year Hit a 24-Year High. Nobody Is Buying Puts. Are You Watching the Wrong Market?
- They Beat All US Stock Funds Since 2003 | Michael Baron on the AI Winners Investors Miss
- The Game Was Rigged in Their Favor. 28% Went Bust Anyway | Kris Abdelmessih on How to Size Bets
- We Asked the Data Journalist Who Rebuilt the Jobs Report What the Headline Number Hides
- He Lost $157,000 in 3 Minutes | Jack Raines on the Lesson Winning Never Taught Him
- The AI Gap Is Closing | Jason Hsu on China, Momentum Crashes and the S&P’s Seven-Stock Bet
- David Rosenberg on Why He Wants the Bonds Everyone Hates — and Where He's Hiding in Stocks
- Franklin Templeton CEO Jenny Johnson on AI, Private Markets, and the Hidden Risks in Index Funds
- Jim Paulsen on the Weakening Economy, Tech Bear Market Risk and the Bull Market Built on Fear
- We Asked Fidelity's Ex-President What Made Peter Lynch Great — and Where Private Credit Risk Hides
- Everyone Hates Bonds. Why Two Bond Managers Say You're Hating the Wrong Ones
- All-In on the S&P 500 Worked for 18 Years | Jared Dillian on Why It's Still Wrong
- Nvidia Is Betting on Its Customers. Gen Z Is Betting on Sports. Will It All End the Same Way?
- Bearish Into November. Room to Run After: Why Dan Niles Is Watching Hyperscaler Credit Default Swaps
- The Fed Credibility Narrative Has Turned | Ben Hunt on AI, the Consumer and Financial Repression
- Sticky Inflation. Cheap Volatility. A Less Predictable Fed. Why Aren’t Markets More Worried?
- The Profits Come Now. The Costs Come Later. Kevin Muir on Whether AI Earnings Are the Bubble
- Private Equity Chased Software. Big Tech Is Chasing AI. Dan Rasmussen on If They Are Making the Same Mistake Twice
- Only 2.7% Beat the S&P for 20 Years | Ian Cassel on What Elite Stock Pickers Do Differently
- The Rally is Broadening. The Earnings Growth Isn't. Liz Ann Sonders on Which Breaks First
- We Asked Andy Constan What Happens If AI Funding Breaks Before the Thesis — And if Warsh Blinks
- Jim Paulsen Sees a Growth Scare Coming | The 34 Charts That Make Him Cautious
- We Asked T. Rowe's $8 Billion Tech Manager Why We Are in 1998 — And Why Software Is in Trouble
- David Rosenberg and Rich Bernstein on What Ends the AI Trade — And What They Own Instead
- 4% Inflation. Stretched Valuations. Why Is the Market Still Risk-On? | Tian Yang
- The Biggest Leak in Finance | Brent Donnelly on Why You're Probably Too Bearish
- A $20B Blowup. A War-Sized AI Bet. Was the Bottom Just a Margin Call? | Last Call
- A War-Sized AI Bet. Private Credit Went All In. Will the Government End Up Owning It?
- He Called It the Worst Chart Imaginable. Then He Bought It | Rupert Mitchell on Cracks in the Mag 7
- The Warren Buffett Portfolio: Robert Hagstrom on What Wall Street Gets Wrong About Risk
- Even God Would Be Fired | Wes Gray on Bubbles, AI Valuations and Why Size Was Never the Edge
- Not a Time for Big Bets | Aahan Menon on What 60 Years of Regime Data Says About Today’s Market
- We Asked the Man Who Mapped the AI Economy If the Boom Is Real — And Who Keeps the Money
- It Only Happens at Bottoms | Andy Constan on the Options Extreme That Showed Up at the Highs
- Jack Schwager on Timeless Lessons from Elite Traders
- The Recession the Unemployment Rate Can't See | Eric Pachman on the Data Beneath the Jobs Report
- Jim Paulsen Sees a Correction Coming | The 33 Charts That Turned Him Cautious
- Big Uptrend. Tech Momentum Fading | Katie Stockton on the Rotation Investors Are Missing
- We Asked a $1 Billion Quant Manager Why Concentration Isn't a Warning — and Small Caps Aren't Dead
- The $600 Billion Loop | Jeff Klingelhofer on AI, the Return of Bonds and the Fed's Third Mandate
- We Asked Meb Faber Why US Stocks Won for 250 Years — And If It Can Continue
- Semis Gone Parabolic. Fed Credibility Reversal. Can the Rally Survive the Flows?
- The AI Trade, the Fed and the Next Phase of the Bull Market | Warren Pies
- He Wrote the Book on Why Moats Fail | Ritavan on What Actually Compounds Instead
- The 100 Year Thinkers: Chris Mayer on SpaceX, AI Reckoning, and Why Early Is Overrated
- We Asked GMO’s Head of Asset Allocation Why This Bubble is Easy — But Investors Will Get it Wrong
- Finding Quality Growth in Emerging Markets with Ian Smith
- The $2 Trillion Question | Tobias Carlisle on SpaceX, the AI Buildout, and the Rotation No One Sees
- The Trillion Dollar Gap | Aswath Damodaran on SpaceX, AI and the Big Market Delusion
- Andy Constan on the SpaceX IPO, AI CapEx, and the End of the Buyback Tailwind
- The SpaceX IPO Meets a Huge Options Expiration | Brent Kochuba on What Comes Next
- Mike Green on What Happens When Passive Flows Meet the Largest IPO in History
- We Asked Vanguard’s Chief Economist Why AI Has Two Huge Tails — And Which One Wins
- The SpaceX IPO… What Happens When $1.75 Trillion Meets 4% Float
- Tech Spending Has a Cash Problem | Jim Paulsen on the Two Signals That Could Trigger a Correction
- He Quantified 200 Years of Disruption | Kai Wu on Separating Software Survivors from Value Traps
- Cliff Asness on Bubbles, Private Equity and His Research Greatest Hits
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