Best Excess Returns Podcasts (2025)

1
64% Never Escape Level Four | Nick Maggiulli on Climbing the Wealth Ladder 1:00:12

12h ago1:00:12

1:00:12

In this episode of Excess Returns, Matt Zeigler sits down with Nick Maggiulli — author of Just Keep Buying and his new book The Wealth Ladder. Nick shares his six-level framework for building wealth, why mobility between wealth levels is rarer than most people think, and how your financial strategy should evolve as your net worth grows. From grocer…

1
The Travis Kelce-Taylor Swift Show, Jimmy Pitaro’s ESPN, and the Worst Question Asked at the White House 57:12

1h ago57:12

57:12

Hello media consumers! It’s a Monday show on a Thursday! Bryan fills David in on his Connecticut hotdog tour earlier this week (0:16), before discussing Taylor Swift’s appearance on Travis and Jason Kelce’s ‘New Heights’ podcast, and a few thoughts on Monday’s Jimmy Pitaro interview (11:23). Then they run through the Overworked Twitter Joke of the …

1
25 for 25: Jimmy Pitaro on ESPN's NFL and WWE Deals, Pat McAfee, and the State of the Company in 2025 52:59

2d ago52:59

52:59

Hello, media consumers! Bryan heads to the ESPN HQ in Bristol, Connecticut, to sit down with ESPN's chairman, Jimmy Pitaro. They discuss the highly anticipated launch of ESPN's direct-to-consumer app, the massive deals ESPN made with the NFL and WWE, hiring talent vs. developing talent, preparing for ESPN's first Super Bowl, the state of ESPN in 20…

1
James Emanuel: Why Most Investors Are Wrong About Everything: Hidden Patterns That Separate Great Businesses From the Rest 1:24:32

4d ago1:24:32

1:24:32

[Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/] James Emanuel is a London-based contrarian investor and founder of Rock and Turner who discovers fundamentally misunder…

1
A Readout on ESPN’s Deals With the NFL and WWE. Plus: NBA Mouthpiece Summer and the New York Post Comes to L.A. 57:06

6d ago57:06

57:06

Hello, media consumers! Bryan and Joel start the show with J-School, discussing the new threats to the Voting Rights Act of 1965 as well as the ongoing Texas redistricting fight (01:43). Next, they dive into some headlines, starting with the deals made by ESPN this week. First, they go through all the details from the ESPN-NFL deal, including what …

1
What Really Drove Buffett’s Success | Kai Wu on Berkshire's Intangible Edge 1:02:41

8d ago1:02:41

1:02:41

In this episode of Excess Returns, we’re joined by Kai Wu of Sparkline Capital to explore one of the most important and overlooked aspects of Warren Buffett’s investing evolution: his shift from tangible to intangible value. Based on Kai’s research paper “Buffett’s Intangible Moats,” we examine how Buffett's portfolio has evolved alongside the econ…

1
The Seven Rules of Wall Street | Sam Stovall 33:15

10d ago33:15

33:15

📈 In this episode of Excess Returns, we’re joined by Sam Stovall, Chief Investment Strategist at CFRA and author of The Seven Rules of Wall Street. We explore Sam’s timeless, data-driven investing rules and connect them to today’s market environment—including sector trends, interest rates, Fed policy, investor behavior, and why market history is on…

1
Who Won the ESPN-NFL Deal? Plus, the WaPo Exodus Continues and a Report From SummerSlam 1:01:19

10d ago1:01:19

1:01:19

Hello, media consumers! Bryan and Davis recount their trip to Part 2 of SummerSlam last night (0:20) before tackling some headlines, including ESPN and NFL moving forward with their proposed blockbuster media deal, more heavy hitters leaving The Washington Post, and an upcoming Kamala Harris book (22:00). They also discuss Bryan's brief time in use…

1
Monsoon Pabrai: The Woman Who Learned from Buffett, Munger, and Mohnish Pabrai - Now She Is Redefining Value Investing for the Next Generation 1:06:31

11d ago1:06:31

1:06:31

[Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/]Today's guest: Monsoon Pabrai is the managing partner of Drew Investment Management, who combines generational wisdom fr…

1
The 100 Year Pivot | Navigating a Changing Market with Grant Williams 59:30

11d ago59:30

59:30

In this episode of Excess Returns, Matt Zeigler sits down with Grant Williams for a wide-ranging conversation on what he calls the “Hundred Year Pivot.” Grant shares his view that we are living through a once-in-a-century inflection point — a deep, structural shift that is reshaping markets, institutions, societal values, and even individual behavi…

1
Checking In 👁️✨ 49:17

13d ago49:17

49:17

Can we just say how much we miss you! In this episode Kat and Jenn reconnect to catch up on all the happenings in their lives. We discuss some of the happenings in the world and how to stay in touch amidst the craziness ✨🌀 Check out kats offerings: https://www.katalystliving.com Check out Jenn’s offerings https://www.sensefulwellness.com Jenn is ho…

1
The Invisible Millions: The Quiet Wealth Phenomenon: BONUS EPISODE 11:51

14d ago11:51

11:51

Find the FULL article here: https://bogumilbaranowski.substack.com/p/the-invisible-millions-the-quiet Please remember to sign up if you haven't already done so. IMPORTANT: I'm writing a personal email to the next 100 Substack subscribers. Sign up if you'd like to hear from me. I'm definitely curious to hear from you. THANK YOU! Podcast Program – Di…

1
The Bubble No One Can Sell | Dan Rasmussen on the Private Equity Trap 55:48

14d ago55:48

55:48

In this episode of Excess Returns, Justin and special guest host Kai Wu of Sparkline Capital are joined by Verdad’s Dan Rasmussen for a deep dive into the hidden risks lurking in private equity—and why they may be more dangerous than investors realize. Rasmussen, a long-time critic of the asset class, explains why the allure of illiquidity, stale p…

1
The Fall of Shannon Sharpe, the End of Sports and Late-Night TV, and the 2025 Media Diet With Bomani Jones 1:03:41

14d ago1:03:41

1:03:41

Hello, media consumers! Joel Anderson is joined by Bomani Jones to discuss a few media headlines, including ESPN's decision to part ways with Shannon Sharpe and the serious gambling allegations against Gilbert Arenas (4:09), before they look at the future (or lack thereof) of sports television, being a generalist vs. a specialist in 2025, the rise …

1
Darius Dale on the Fourth Turning, Fiscal Dominance, and the Case for a Melt-Up 57:50

17d ago57:50

57:50

Macro strategist Darius Dale returns to Excess Returns with a deep dive into the seismic shifts shaping markets today. From the implications of the Fourth Turning to the systemic risks of fiscal dominance, Dale shares how he’s helping investors stay on the right side of market risk using quantitative tools and macro insights from 42 Macro. This epi…

1
Hulk Hogan Vs. Gawker, Bill Belichick Fever, and the New Washington Post Exodus 54:32

18d ago54:32

54:32

Hello, media consumers! Bryan and David cover some headlines, including the approval of the Paramount-SkyDance merger, a discouraging new study about google searches and AI, Bill Belichick rapidly approaching his first game as a college head coach, the WaPo exodus (cont.), and more (9:45), Then, they discuss the wide-ranging obituaries of the late …

1
Nick Maggiulli: The Wealth Ladder: Is Your Money Strategy Keeping You Stuck? - From Dollar Menus to Financial Freedom & Beyond 1:04:04

18d ago1:04:04

1:04:04

[Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/] Nick Maggiulli is the COO at Ritholtz Wealth Management, a bestselling author of "Just Keep Buying," and creator of the…

1
Talking Billions Summer 2025 Update: BONUS EPISODE 2:13

18d ago2:13

2:13

A story, an invitation, an update, and a sincere thank YOU -- listen to hear more. [Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/] Podcast Program – Disclosure Stateme…

1
The Risks of the Rise of Passive Investing | Mike Green 1:22:41

19d ago1:22:41

1:22:41

In this episode of Excess Returns, Mike Green returns to dissect the structural transformation underway in public markets due to the rise of passive investing. He explains why “there’s no such thing as a passive investor,” how inelastic flows distort prices, and what it means for valuation, volatility, and the long-term sustainability of equity mar…

1
The Case for a Broadening Bull Market | Jim Paulsen 57:43

20d ago57:43

57:43

Subscribe on Apple Podcsasts https://podcasts.apple.com/us/podcast/the-jim-paulsen-show/id1828054999 Subscribe on Spotify https://open.spotify.com/show/3QaBDVGuBZ3cZfFZ4mqPFc Subscribe on YouTube https://www.youtube.com/excessreturns In the premiere episode of our new monthly series, The Jim Paulsen Show we dig into Jim's latest research and the ch…

1
The ESPN-NFL Wedding, Hunter Biden Speaks, and Pat McAfee’s Apology 1:13:43

21d ago1:13:43

1:13:43

Hello, media consumers! Bryan and Joel start the show with J-School, reexamining Zach Baron's interview on profile writing, before discussing the news of Hulk Hogan's death at the age of 71 (1:03). Next, they run through some headlines, including the possible marriage of ESPN and the NFL, what exactly is going on regarding the Epstein files, and Hu…

1
You’re Misreading the Rally | Liz Ann Sonders on What is Really Driving Market Returns 56:55

22d ago56:55

56:55

📉 What the Market Is Getting Wrong | Liz Ann Sonders on Debt, Tariffs, and the Fed In this episode of Excess Returns, we welcome back Liz Ann Sonders, Chief Investment Strategist at Charles Schwab, for an in-depth conversation about what's really driving markets right now. Drawing on her latest research and commentary, we dig into retail trading dy…

1
Headline Catch-Up: Colbert Is Canceled, NPR and PBS Are Defunded and FS1's Barstool Shake-Up. Plus, 25 for 25: NYT's David Marchese on the Future of Interviewing 1:33:29

24d ago1:33:29

1:33:29

Hello, media consumers! Bryan and David discuss dueling theories on why Paramount decided to cancel 'The Late Show With Stephen Colbert,' NPR and PBS losing federal funding, The Wall Street Journal's Trump/Epstein scoop, and FS1's shake-up that leaves Joy Taylor out and 'Barstool Sports' in (8:42). Then, Bryan is joined by David Marchese of The New…

1
John Zolidis: The Million-Mile Investment Journey - 25 Years of Boots-on-Ground Research in Retail and Restaurants 1:11:17

25d ago1:11:17

1:11:17

[Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/] John Zolidis is the president and founder of Quo Vadis Capital with 25+ years as one of Wall Street's most insightful r…

1
This Isn’t Priced In | PIMCO’s Libby Cantrill on the Policy Risks Markets Are Missing 49:49

26d ago49:49

49:49

Policy uncertainty is rising—but markets seem unfazed. In this episode, we sit down with Libby Cantrill, Head of Public Policy at PIMCO, to explore the critical policy risks that investors may be underestimating or ignoring altogether. From the real-world implications of the tariffs to questions around Fed independence, fiscal stimulus, and housing…

1
25 for 25: The Future of Celebrity Profiles With GQ’s Zach Baron 1:03:12

29d ago1:03:12

1:03:12

Hello, media consumers! Bryan is joined by GQ’s Zach Baron to discuss every aspect of celebrity profiling: how they are “brokered”; the process of interviewing; some of his past subjects, including Martin Scorsese, Brendan Fraser, and Tilda Swinton; and more. Then Bryan asks the following question: “Is the celebrity profile dead or dying?” Host: Br…

1
False Recession Alarms. Real Risks. | Aahan Menon on What Investors Are Missing 57:11

29d ago57:11

57:11

Why didn’t the long-predicted recession arrive? In this episode, we talk with Aahan Menon, founder of Prometheus Research, about why traditional macro models are breaking down and what investors are missing in today’s economy. Aahan explains why recession indicators have failed, how monetary policy transmission has changed, and what really matters …

1
25 for 25: The Future of Physical Media With Sean Fennessey 1:00:31

1M ago1:00:31

1:00:31

Hello, media consumers! Bryan is joined by Sean Fennessey to discuss the future of owning physical media! (3:30) Magazines (17:55) Blu-Rays and DVDs (25:32) Books (34:47) Newspapers (50:11) CDs and vinyl Host: Bryan Curtis Guest: Sean Fennessey Producer: Kyle Crichton Learn more about your ad choices. Visit podcastchoices.com/adchoices…

1
Manish Singh's Path to Mindful Investing — From Merchant Navy to Happy Monk: How a Global Traveler Discovered That Happiness Is the Ultimate Investment Strategy 1:11:39

1M ago1:11:39

1:11:39

[Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/] Manish Singh is a global investor and meditation practitioner who manages family capital across India, North America, a…

1
How Option Dealer Flows Impact the Stock Market 50:30

1M ago50:30

50:30

Billions are moving through the stock market every day—but not for the reasons most investors think. In this episode, Brent Kochuba of SpotGamma breaks down the hidden world of options dealer flows and explains how concepts like gamma, vanna, and charm are silently shaping market behavior. Whether you’re a trader or long-term investor, understandin…

1
The Floods in Texas 43:05

1M ago43:05

43:05

Bryan and Joel discuss the Texas flash floods, how the story hits them as parents and Texans, the slow trickle of information, defensive posturing from Texas leadership, misinformation gaining traction online, and more. Host: Bryan Curtis and Joel Anderson Producer: Kyle Crichton Texas Deserves Far Better Than This by Joel Anderson Learn more about…

1
A Friendly Message To Mamdani 13:10

1M ago13:10

13:10

I’m an orthodox, Jewish, Israel-American who does not believe that Zohran Mamdani is an antisemite, unlike many in my demographic. I reject the idea that people who have issues with Zionism are automatically labeled as antisemites. I do have some constructive criticism for Mamdani where I try to convey how the term “globalize the Intifada” sounds a…

1
The Great Moderation is Over. The Great Convergence is Here | Luca Paolini on What Comes Next 58:10

1M ago58:10

58:10

In this episode, we speak with Luca Paolini, Chief Strategist at Pictet Asset Management, about the firm’s 2025 Secular Outlook and the unfolding shift in global markets. Paolini argues that the era of U.S. exceptionalism is fading—and investors may be mispricing what comes next. We discuss why the “Great Convergence” could redefine asset allocatio…

1
The Times’ Mamdani Story, David Foster Wallace Revisited, and Josh Dawsey on the 2024 Election 1:25:51

1M ago1:25:51

1:25:51

Hello media consumers! Bryan and David discuss the NYT's story on Zohran Mamdani and what the point was of running their "scoop" obtained in a hack of Columbia University records, new info on the Epstein files reports there are in fact no files, and new contenders for "Worst Question Ever Asked at the White House" (7:15), before revisiting David Fo…

1
Lawrence Yeo: The Inner Compass: Why External Success Can't Fix Internal Suffering; Money, Mastery, and the Courage to Trust Yourself 1:18:16

1M ago1:18:16

1:18:16

[Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/]Lawrence Yeo is a former corporate finance professional turned writer-illustrator-philosopher who left investment bankin…

1
Paramount Bends the Knee, the Great Gavin Newsom Debate, and the End of Netflix Announcer Sharing. Plus, Matthew Lee on Covering the Diddy Trial From the Southern District of New York Courthouse. 1:25:15

1M ago1:25:15

1:25:15

Hello, media consumers! Bryan and Joel present both sides of an argument around Gavin Newsom's lawsuit against Fox News (1:29), reporters live tweeting Wednesday night's congressional session, Netflix's NFL announcer problem, and Paramount becoming the latest media company to settle a lawsuit with Donald Trump (21:53). Next, Joel is joined by Matth…

1
Anna Wintour (Sort of) Leaves Vogue, the NYT's Top 100 Movies List, and the Bezos Nuptials 1:04:24

2M ago1:04:24

1:04:24

Hello, media consumers! Bryan and David reunite to discuss coverage of Jeff Bezos's wedding and The Washington Post's puzzling new feature (0:42), before they parse through reports about Anna Wintour (sort of) leaving her position at Vogue and the masterly, divisive NYT "100 Best Movies of the 21st Century" list (10:01). They also talk about Gavin …

1
Jamie Yuenger: Why Rich Families Need Their Stories More Than Ever - Legacy as Emotional Infrastructure for Wealth 1:06:20

2M ago1:06:20

1:06:20

Remove and re-download for an enhanced audio file. [Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/] Jamie Yuenger is the founder and CEO of StoryKeep, a pioneering comp…

1
Whipsaws, Drawdowns, and Disbelief | Eric Crittenden on the Best Diversifier No One Buys 1:29:43

2M ago1:29:43

1:29:43

In this episode of Excess Returns, Matt Zeigler and Jason Buck sit down with Eric Crittenden, CIO of Standpoint Funds, for a wide-ranging and candid discussion about trend following, risk transfer markets, and what it takes to build a resilient investment strategy for uncertain futures. Eric shares decades of hard-won insights on investor behavior,…

1
Buffett Does It. Most Value Investors Don’t | Robert Hagstrom on the Real Key to Compounding [Excess Returns Podcast] 1:16:45

2M ago1:16:45

1:16:45

Matt Zeigler and Bogumil Baranowski join Robert Hagstrom for a very special hour-long discussion. The episode originally appeared on Excess Returns Podcast, and it is reposted here with permission from the podcast hosts. Enjoy! Legendary investor and author Robert Hagstrom joins Excess Returns to explore timeless investing principles—and how they’v…

1
Zohran’s New York Shocker, NBA Draft Audio, and What Is a "Hit Piece" in 2025? Plus, 25 for 25: Heather Cox Richardson on Trump and Iran. 1:28:26

2M ago1:28:26

1:28:26

Hello, media consumers! Bryan and Joel discuss some awkward NBA draft coverage, the NYC Democratic mayoral primary, and what constitutes a hit piece (10:57). Then, in another edition of 25 for 25, Bryan is joined by historian Heather Cox Richardson to talk about Donald Trump's fervent attempts at creating a narrative around the USA's air strikes on…

1
Broken Models. Misleading Yields | Ryan Krueger on Avoiding the Dividend Trap 59:19

2M ago59:19

59:19

Most investors chase yield. But what if the very models they rely on — from dividend screens to the 4% rule — are fundamentally broken? In this episode, we’re joined by Ryan Krueger, co-founder of Freedom Day Solutions and manager of the MBOX ETF, to explore the overlooked truths of dividend investing. Ryan breaks down the importance of dividend gr…

1
Trump’s Iran Rollout, Game 7’s Injury TV, and Andrew Schulz vs. The New York Times 1:16:25

2M ago1:16:25

1:16:25

Hello, media consumers! Joel (in for David) and Bryan put a wrap on ESPN's presentation of the NBA Finals (0:41), before discussing the Trump administration's press tour after carrying out air strikes on Iranian nuclear sites (18:00), some puzzling New York City mayoral primary coverage, Andrew Schulz's thought-provoking conversation with the NYT a…

1
500,000 More Sellers Than Buyers. First Time in a Decade | Daryl Fairweather on What Comes Next 50:32

2M ago50:32

50:32

In this episode, we’re joined by Daryl Fairweather, Chief Economist at Redfin and author of Hate the Game, to explore the most dramatic shift in the U.S. housing market in over a decade. With sellers now outnumbering buyers by more than 500,000 for the first time since 2013, Daryl breaks down what’s really happening beneath the surface—and why so m…

1
Barry Ritholtz: How Not to Invest — Why Billionaires Driving Old Cars Are Financially Reckless & More 1:03:23

2M ago1:03:23

1:03:23

[Join our community at my Substack where we continue these conversations with deeper dives into the biggest lessons from each episode, plus my regular essays and behind-the-scenes thoughts: https://bogumilbaranowski.substack.com/] Barry Ritholtz is the founder and Chief Investment Officer of Ritholtz Wealth Management, overseeing billions in client…

1
Buffett Does It. Most Value Investors Don’t | Robert Hagstrom on the Real Key to Compounding 1:16:45

2M ago1:16:45

1:16:45

Robert Hagstrom returns to discuss the investing principle he believes most value investors still misunderstand—despite decades of evidence from Warren Buffett. In this conversation, we explore why focus investing works, what traditional value investors got wrong about the Magnificent Seven, and how the industry's obsession with low P/E ratios and …

1
Tucker Carlson Vs. Ted Cruz, the Finals Goes 7, and the Media A-Team 1:26:55

2M ago1:26:55

1:26:55

Hello, media consumers! On this Friday edition of the show, Bryan helps Joel wrestle with a question: "Should I subscribe to The Washington Post if it is my local paper?" (1:41). They then tackle some headlines, including the ambiguity of the USA's involvement with the Israel–Iran War and Tucker Carlson's instantly viral interview with Ted Cruz (17…

1
Recession Indicators Are Breaking. Inflation Isn’t | Megan Horneman on What Comes Next 55:26

2M ago55:26

55:26

Megan Horneman: Fragile Optimism, Hidden Inflation Risks, and What Investors Are Missing In this episode, we’re joined by Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, to discuss her firm’s 2025 outlook and what she sees as the key macro risks and opportunities for investors right now. We explore the themes behind her “Year…

1
Solidarity With Stephen A., The Washington Post’s Latest Reboot, and Gustavo Arellano on Covering the L.A. Protests 55:38

2M ago55:38

55:38

Hello, media consumers! Bryan and David discuss another Washington Post "reboot," this time for its opinion section (0:41). They go on to offer some low-hanging fruit for ESPN's lackluster NBA Finals coverage and discuss Stephen A. Smith, who was seen playing solitaire during Game 4; a noticeable shift in the norms of Washington, D.C., reporting; a…

1
Dede Eyesan: The Global Multi-Bagger Hunt: How 446 Companies Became 10-Baggers While Most Investors Weren't Looking 49:31

2M ago49:31

49:31

Guest: Dede Eyesan - Founder of Jenga Investment Partners and author of "Global Outperformer" Dede Eyesan, the visionary founder of Jenga Investment Partners and author of Global Outperformers, who shares insights on identifying high-growth companies and navigating global markets with a unique blend of fundamental analysis and entrepreneurial spiri…

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