About this episode
In this special compilation episode of Excess Returns, we ask one revealing question to some of the most respected investors, strategists, and market thinkers in the industry:What is one belief you hold about investing that most of your peers would disagree with?The answers challenge conventional wisdom across macro, valuation, diversification, options, forecasting, AI, and investor behavior.Rather than consensus, this episode highlights how great investors think differently about risk, uncertainty, and long-term outcomes.00:06 Jim Grant – Why gold has been, is, and will remain money02:14 Andy Constan – Why quantitative easing is always pro-growth and inflationary03:36 Liz Ann Sonders – Why year-end market price targets are a useless exercise04:56 Richard Bernstein – Why the stock market is ownership, not a horse race06:33 David Giroux – Why macro investing does not create long-term alpha08:00 Meb Faber – Why dividend investing narratives are often misunderstood11:44 Sam Ro – When valuations actually matter and when they don’t13:27 Jason Buck – Why belief systems in investing are often built on insecurity15:16 Mike Green – Why markets change when metrics become targets17:16 Jerry Parker – Why the Sharpe ratio fails for asymmetric return strategies19:15 Chris Mayer – Why trimming great businesses often hurts long-term returns21:14 Joseph Shaposhnik – Why a stock that has doubled may still be early24:27 Warren Pies – Why price and technicals are essential for managing risk25:33 Katie Stockton – Why technical analysis can stand on its own27:17 Jim Paulsen – Why policy makers matter less than cultural and economic forces28:41 Adam Parker – Why differentiated thinking is the only real edge versus the index30:29 Rupert Mitchell – Why copying great investors is a mistake31:18 Victor Haghani – Why asset allocation should be dynamic, not static33:09 Dan Rasmussen – Why historical growth tells you almost nothing about future growth33:45 Graeme Forster – Why you don't just need to be right 60% of the time35:40 Shannon Saccocia – Why investors should think more like futurists than historians36:21 Cem Karsan – Why options are not derivatives, but the true underlying40:31 Aahan Menon – Why tariffs and macro news matter less than investors think41:49 Andrew Beer – Why simple bets often outperform complex strategies44:09 Bogumil Baranowski
