Podcast Episodes

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

Season 1 Episode 358

In this episode of Excess Returns, we’re joined by Noel Smith, co-founder and CIO of Convex Asset Management. Noel shares his unique journey from biochemistry and the military to market making, high-…

Published on 2 months, 3 weeks ago

A Practical Guide to Market Valuation with Ben Carlson

Season 1 Episode 357

In this episode, we sit down with Ben Carlson of Ritholtz Wealth Management and A Wealth of Common Sense to talk about market valuations, the rise of AI, investor behavior, and what history can teach…

Published on 2 months, 3 weeks ago

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

In this episode, we sit down with Jim Paulsen to analyze the latest economic and market data through his lens of decades of market experience. Jim shares insights from his Paulsen Perspectives resear…

Published on 2 months, 4 weeks ago

Finding the Next Great Tech Compounders | John Tinsman

Season 1 Episode 356

In this episode of Excess Returns, we sit down with John Tinsman, portfolio manager of the AOT Growth and Innovation ETF (AOTG). John shares how his investing journey began, the lessons he learned fr…

Published on 3 months ago

Finding Decade-Long Compounders with Joseph Shaposhnik

Season 1 Episode 355

In this episode of Excess Returns, we sit down with Joseph Shaposhnik, founder of Rainwater Equity and former star portfolio manager at TCW. Joseph shares the investment philosophy that drove his tra…

Published on 3 months ago

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

Season 1 Episode 354

In this episode of Excess Returns, we sit down with Sam Ro to revisit his widely read post “10 Stock Market Truths” and explore how each principle holds up in today’s market. From the long game of in…

Published on 3 months, 1 week ago

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

Season 1 Episode 353

In this episode, William Blair Global Strategist Olga Bitel joins us to unpack her “Perpetual Growth Machine” framework and what it means for investors navigating AI, tariffs, inflation volatility, m…

Published on 3 months, 1 week ago

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

Season 1 Episode 352

Ned Davis Research’s Chief Global Investment Strategist Tim Hayes joins us to break down NDR’s “360°” weight-of-the-evidence framework—how price, breadth, sentiment, macro and valuation fit together—…

Published on 3 months, 1 week ago

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

Season 1 Episode 351

In this episode of Excess Returns, we sit down with Brent Donnelly, veteran trader, author, and president of Spectra Markets, to dive deep into macro markets, trading philosophy, the role of the Fed,…

Published on 3 months, 2 weeks ago

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

Season 1 Episode 350

In this episode of Excess Returns, we welcome back Cullen Roche of Discipline Funds for an in-depth conversation on the economy, markets, demographics, AI, and investing frameworks. Cullen cuts throu…

Published on 3 months, 2 weeks ago