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#34
#34

Excess Returns

Justin Carbonneau & Jack Forehand

Score

24/30

Network

Validea

Since

2019

Trophy

Best Quant-Fundamental Bridge

Score Breakdown

Insight Quality
9/10
Production Value
7/10
Guest Caliber
8/10
Total Score24/30
ValideaSince 2019Best Quant-Fundamental Bridge
All 25 Podcasts

The Tagline

Quantitative meets fundamental in the search for alpha.

Full Review

Excess Returns bridges the gap between quantitative and fundamental investing in a way that few other shows attempt. Justin and Jack run Validea, a firm that models the strategies of investing legends like Buffett, Lynch, and Greenblatt using systematic screens. Their podcast applies the same rigorous, data-first approach to every topic, interviewing quants, value investors, and researchers about what actually generates excess returns. The show is underappreciated and overdelivers.

Fun Fact

Validea's software literally codes the investing strategies from classic books like The Intelligent Investor and One Up on Wall Street into quantitative models, then runs real portfolios based on those rules.

I Document Every Trade — Even the Losses

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