169 episodes

Excess Returns is an investing podcast hosted by Jack Forehand and Justin Carbonneau, partners at Validea. Justin and Jack discuss a wide range of investing topics, including factor investing, value investing, momentum investing and behavioral finance, with the goal of helping those who watch and listen become better long term investors, all in twenty minutes or less per episode.

Excess Returns Jack Forehand and Justin Carbonneau

    • Business
    • 5.0 • 28 Ratings

Excess Returns is an investing podcast hosted by Jack Forehand and Justin Carbonneau, partners at Validea. Justin and Jack discuss a wide range of investing topics, including factor investing, value investing, momentum investing and behavioral finance, with the goal of helping those who watch and listen become better long term investors, all in twenty minutes or less per episode.

    Show Us Your Portfolio: Phil Huber

    Show Us Your Portfolio: Phil Huber

    In our latest episode of Show Us Your Portfolio we speak to Savant Wealth CIO Phil Huber. We discuss Phil's approach to building his personal portfolio and the core principles that guide it. We also discuss Phil's view on the expected returns of stocks and bonds, his approach to selecting alternative investments and a lot more, 

    We hope you enjoy the discussion. 

    ABOUT THE PODCAST

    Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.

    SEE LATEST EPISODES

    https://www.validea.com/excess-returns-podcast

    FIND OUT MORE ABOUT VALIDEA

    https://www.validea.com

    FOLLOW OUR BLOG

    https://blog.validea.com

    FIND OUT MORE ABOUT VALIDEA CAPITAL

    https://www.valideacapital.com

    FOLLOW JACK

    Twitter: https://twitter.com/practicalquant

    LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094

    FOLLOW JUSTIN

    Twitter: https://twitter.com/jjcarbonneau

    LinkedIn: https://www.linkedin.com/in/jcarbonneau

    • 52 min
    Constructing an Intangible Asset Based Value Strategy with Kai Wu

    Constructing an Intangible Asset Based Value Strategy with Kai Wu

    Research has shown that value investing needs to change. Our economy has transitioned from one dominated by tangible assets like buildings and equipment to one dominated by intangible assets such as brands and intellectual property. Although many researchers have looked at the issue of how to value intangible assets, far fewer are looking at how to translate that into an actual investment strategy. 

    Our guest this week has done exactly that. 

    We speak to Sparkline Capital founder Kai Wu about how he looks at intangible assets and the machine learning based methods he uses to value them.  We also get into the nuts and bolts of constructing an intangible focused value strategy and discuss issues such as selecting an investment universe, determining the number of stocks to hold, position sizing, industry concentration and a lot more. 

    We hope you enjoy the discussion. 

    ABOUT THE PODCAST

    Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.

    SEE LATEST EPISODES

    https://www.validea.com/excess-returns-podcast

    FIND OUT MORE ABOUT VALIDEA

    https://www.validea.com

    FOLLOW OUR BLOG

    https://blog.validea.com

    FIND OUT MORE ABOUT VALIDEA CAPITAL

    https://www.valideacapital.com

    FOLLOW JACK

    Twitter: https://twitter.com/practicalquant

    LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094

    FOLLOW JUSTIN

    Twitter: https://twitter.com/jjcarbonneau

    LinkedIn: https://www.linkedin.com/in/jcarbonneau

    • 53 min
    What is the One Lesson You Would Teach the Average Investor? Ten Great Investors Tell Us

    What is the One Lesson You Would Teach the Average Investor? Ten Great Investors Tell Us

    In each episode of Excess Returns we ask all our guests one standard closing question: 

    Based on your experience in markets, if you could teach one lesson to your average investor, what would it be?  

    The question has allowed us to distill the major lessons that some of the best investors we know have learned in their careers into easy to understand principles that all of us can learn from. 

    In this episode, we bring together all the best answers we have received so far in 2022.   

    Here are the top 10 lessons our guests would teach your average investor.

    ABOUT THE PODCAST

    Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.

    SEE LATEST EPISODES

    https://www.validea.com/excess-returns-podcast

    FIND OUT MORE ABOUT VALIDEA

    https://www.validea.com

    FOLLOW OUR BLOG

    https://blog.validea.com

    FIND OUT MORE ABOUT VALIDEA CAPITAL

    https://www.valideacapital.com

    FOLLOW JACK

    Twitter: https://twitter.com/practicalquant

    LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094

    FOLLOW JUSTIN

    Twitter: https://twitter.com/jjcarbonneau

    LinkedIn: https://www.linkedin.com/in/jcarbonneau

    • 27 min
    Value Investing, Compounding and Lifelong Learning with Gautam Baid

    Value Investing, Compounding and Lifelong Learning with Gautam Baid

    In this episode we speak with Gautam Baid, author of The Joys Of Compounding: The Passionate Pursuit Of Lifelong Learning. We talk about the power of compounding and the criteria he uses to identify long-term compounders. We also cover a wide range of other topics, including why value investing works over the long-term, what to make of the recent struggles of value and the long-term potential of the Indian market. 

    We hope you enjoy the discussion. 

    GAUTAM'S BOOK

    https://www.amazon.com/Joys-Compounding-Passionate-Lifelong-Learning/dp/9390351014/

    ABOUT THE PODCAST

    Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.

    SEE LATEST EPISODES

    https://www.validea.com/excess-returns-podcast

    FIND OUT MORE ABOUT VALIDEA

    https://www.validea.com

    FOLLOW OUR BLOG

    https://blog.validea.com

    FIND OUT MORE ABOUT VALIDEA CAPITAL

    https://www.valideacapital.com

    FOLLOW JACK

    Twitter: https://twitter.com/practicalquant

    LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094

    FOLLOW JUSTIN

    Twitter: https://twitter.com/jjcarbonneau

    LinkedIn: https://www.linkedin.com/in/jcarbonneau

    • 48 min
    Finding Opportunity in the Technology Stock Storm with Robert Cantwell and Lars Cianciolo

    Finding Opportunity in the Technology Stock Storm with Robert Cantwell and Lars Cianciolo

    After years of very strong performance, technology and growth stocks have had a much more difficult time in the last 18 months. Many of the highest multiple names are now 70%-90% off their highs, and even the FAANG stocks have joined in this year and seen major declines.  In this episode, we bring in two experts to help us analyze the situation. 

    We speak with Upholdings' Robert Cantwell and Lars Cianciolo about how we got here with technology stocks, where we are today, and what the opportunity for the future looks like. We compare the current situation to the 2000 tech bubble, talk about the most important metrics to look at when valuing tech companies and discuss the application of quant strategies to tech and growth investing.  

    We hope you enjoy the discussion.

    ABOUT THE PODCAST

    Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.

    SEE LATEST EPISODES

    https://www.validea.com/excess-returns-podcast

    FIND OUT MORE ABOUT VALIDEA

    https://www.validea.com

    FOLLOW OUR BLOG

    https://blog.validea.com

    FIND OUT MORE ABOUT VALIDEA CAPITAL

    https://www.valideacapital.com

    FOLLOW JACK

    Twitter: https://twitter.com/practicalquant

    LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094

    FOLLOW JUSTIN

    Twitter: https://twitter.com/jjcarbonneau

    LinkedIn: https://www.linkedin.com/in/jcarbonneau

    • 59 min
    Option Dealer Flows, Inflation and Investing in a Changing World with Cem Karsan

    Option Dealer Flows, Inflation and Investing in a Changing World with Cem Karsan

    In this episode we are joined by Kai Volatility founder Cem Karsan. Cem has led the way in educating investors about the importance of option dealer flows and the impact of hedging on the market. We discuss this issue in depth and look at how dealer positioning can have a much greater impact on markets than many believe We also look at what that impact means for long-term investors. 

    In the second half of the conversation, we discuss Cem's unique macro framework and the major secular changes the economy and markets are seeing in the wake of the pandemic. He also provides one of the most insightful answers we have had to our standard closing question so make sure to stay tuned until the end.  

    We hope you enjoy the discussion. 

    ABOUT THE PODCAST

    Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors.

    SEE LATEST EPISODES

    https://www.validea.com/excess-returns-podcast

    FIND OUT MORE ABOUT VALIDEA

    https://www.validea.com

    FOLLOW OUR BLOG

    https://blog.validea.com

    FIND OUT MORE ABOUT VALIDEA CAPITAL

    https://www.valideacapital.com

    FOLLOW JACK

    Twitter: https://twitter.com/practicalquant

    LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094

    FOLLOW JUSTIN

    Twitter: https://twitter.com/jjcarbonneau

    LinkedIn: https://www.linkedin.com/in/jcarbonneau

    • 1 hr 14 min

Customer Reviews

5.0 out of 5
28 Ratings

28 Ratings

Ryan Krueger ,

World class hosts

Deep dive research + authentic curiosity = hard to beat

L0vely88 ,

My New Favorite Pod!

Hosts are engaging experts that make concepts accessible to all audiences. My new favorite pod!

jftd88 ,

Excess Returns Review

Continue to love these discussions and the educational value they provide. Very generous opportunities to learn more by writing a review to receive relevant books, which provide deeper dives into the topics discussed

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