Excess Returns

By Excess ReturnsBusiness Investing

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Typical duration
61 min
per episode

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Excess Returns episodes

March 30, 2023 Factor Investing in Under the Radar Markets with Chris Covington
In this episode, we talk factor investing with AJO Vista Head of Investments Chris Covington. We discuss their unique approach to factor investing and how they apply it to less crowded markets. We take a detailed look at their strategy and discuss value, quality, momentum and their approach to measuring stability. We also cover a wide range of other topics including multi-factor investing, the impact of transaction costs, the dangers of overoptimization and a lot more.
We hope you enjoy the discussion.

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53 min
March 23, 2023 A Deep Dive into Custom and Direct Indexing with Ehren Stanhope
Direct Indexing has experienced rapid growth in recent years. Falling transaction costs and improving technology has allowed more and more investors to deploy an index-based strategy by owning the underlying securities rather than using an ETF or Mutual Fund. This has opened up opportunities to potentially improve after tax returns and to customize index-based portfolios for each investor’s needs.
In this episode, we speak with O’Shaughnessy Asset Management’s Ehren Stanhope. O’Shaughnessy’s custom indexing platform has expanded the potential of direct indexing by layering a series of features on top of it to allow investors to build custom portfolios to fir their individual needs.
The three big things you will learn in this episode are:
-What Direct Indexing is and how it works in the real world
-The details of how direct indexing strategies are managed to produce tax alpha
-The other customization factors available to investors through custom indexing strategies and the pros and cons of them
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
50 min
March 17, 2023 Building an Inflation Fighting Portfolio With Dave Schassler
With inflation returning after being dormant for decades, many investors have had a renewed interest in adding inflation fighting assets to their portfolios. But figuring out how to do that can be challenging. In this episode, we speak to VanEck's Head of Quantitative Solutions Dave Schassler to get some insights about how to attack the problem. We discuss the assets that work best to hedge against inflation and how to put them together into a portfolio. We also talk about the future outlook for inflation, Fed policy and a lot more.
We hope you enjoy the discussion.
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
40 min
March 15, 2023 What Investors Need to Know About the Collapse of Silicon Valley Bank with Cullen Roche
With the failure of Silicon Valley Bank last week, we wanted to do a special episode to better understand what happened, and what all of us can learn from it. And we couldn’t think of anyone better to talk to than Cullen Roche of Discipline Funds, who is an expert on the internal workings of the monetary and banking systems.
The three big things you will learn in this episode are:
- How the banking system works and how that helps to provide context for what happened here.
- The factors and events that led to the collapse of Silicon Valley Bank
- What we can learn from what happened and what it means going forward
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
55 min
March 09, 2023 A Detailed Look at the "Night Effect" with Bruce Lavine
You might think that the return profile of the market looks similar during the day and overnight. But research has shown that isn't the case. In this episode, we discuss the "Night Effect" with NightShares founder Bruce Lavine. We discuss what the "Night Effect' is, what causes it, how it stands up to the tests of a strong investing factor and a lot more.
We hope you enjoy the discussion.
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
34 min
March 06, 2023 The Education of a Financial Planner: A Primer on College Saving and Planning
We are happy to announce the launch of our second podcast, The Education of a Financial Planner. We have been doing more financial planning with clients and have realized how much there is to learn in the area. So we decided to create a podcast to document our learning journey and bring in experienced planner Matt Zeigler to teach us.
In the second episode, we take a detailed look at college planning and saving. This will be the final episode we will put in the Excess Returns feed. If you would like to continue to receive episodes going forward, please click the links below to subscribe on each of the major podcast platforms.
We hope you enjoy the new podcast.
If you have any feedback, please email us at [email protected].
Apple Podcasts
https://podcasts.apple.com/us/podcast/the-education-of-a-financial-planner/id1670513515
Spotify
https://open.spotify.com/show/1gq3okDGRwCha1vgdCFlbQ
Google Podcasts
https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kOWY2ZTg1MC9wb2RjYXN0L3Jzcw
Other Podcast Platforms
https://anchor.fm/education-financial-plan
28 min
March 02, 2023 Show Us Your Portfolio: Corey Hoffstein
In our latest Show Us Your Portfolio episode, we speak with Newfound Research founder Corey Hoffstein. We discuss how he constructs his personal portfolio and how he applies concepts like return stacking and capital efficiency in that process. We also cover a wide range of other topics, including the importance of human capital, international diversification, the role of valuations in his investment process and a lot more.
We hope you enjoy the discussion.
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
February 27, 2023 New Podcast - The Education of a Financial Planner: Episode 1: Goals-Based Planning
We are happy to announce the launch of our second podcast, The Education of a Financial Planner. We have been doing more financial planning with clients and have realized how much there is to learn in the area. So we decided to create a podcast to document our learning journey and bring in experienced planner Matt Zeigler to teach us.
In the first episode, we discuss the basics of goals-based planning. Next week, we will dig into planning for college. We will put the first two episodes of the new podcast on the Excess Returns feed, but if you would like to continue to receive episodes after that, please click the links below to subscribe on each of the major podcast platforms.
We hope you enjoy the new podcast.
If you have any feedback, please email us at [email protected].
Apple Podcasts
https://podcasts.apple.com/us/podcast/the-education-of-a-financial-planner/id1670513515
Spotify
https://open.spotify.com/show/1gq3okDGRwCha1vgdCFlbQ
Google Podcasts
https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9kOWY2ZTg1MC9wb2RjYXN0L3Jzcw
Other Podcast Platforms
https://anchor.fm/education-financial-plan
23 min
February 23, 2023 The Four Pillars of Macro with Andy Constan
In this episode we speak with Damped Spring Advisors founder Andy Constan. Andy has built a unique macro framework that incorporates growth, inflation, flows and risk premia. We discuss a wide variety of topics, including the interaction between Fed and Treasury policy, the biggest lessons he learned at Bridgewater, the future of inflation and what his framework says about the current market.
We hope you enjoy the discussion.
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 1 min
February 16, 2023 A Deep Dive Into Earnings Quality with Columbia Professor Doron Nissim
Many investors take for granted that the earnings and other financial data that companies report provides an accurate representation of their business and its future. But the reality is that is often not the case. In this episode, we talk with Doron Nissim, who is the Ernst & Young Professor of Accounting & Finance Chair at Columbia University and one of the world's leading experts on earnings quality.
We discuss what earnings quality is, how it can be measured and evaluated and what investors can do to identify and adjust for issues with both earnings and other information reported on the financial statements of companies.
We hope you enjoy the discussion.
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 7 min

About Excess Returns

From the publisher's feed

Excess Returns is dedicated to making you a better long-term investor and making complex investing topics understandable. Join Jack Forehand, Justin Carbonneau and Matt Zeigler as they sit down with…