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And we're live. This is Tobias Carlisle joined as always by my by my cohost, Jake Taylor. We're doing value after hours special edition with the guys from Excess Returns. We've got Justin Carbonneau, Jack Forhan, Matt Ziegler. Welcome, gents.
Thanks for having us.
Whole house today. Good to see you boys.
Excited to be here. This is going be a good time.
Let's start with Justin. Tell us a little bit about Excess Returns and then we've got some thoughts from your guests over the years.
Yeah. So Excess Returns is a podcast that the three of us are all part of, Jack, Matt and myself. I think we started, I don't know, maybe like five years ago, something like that. Actually, Toby, had a big I've shared this story before, but you had a big influence in in value after hours, had a big influence in actually us starting excess returns. And so and you know, the podcast is content, it's a long long tail game and we've just stayed on it and we've done it over the years. And a few years ago, we came up with this idea of asking all of our guests sort of a standard closing question. And
Awesome. I'm excited to hear it. Do you want to take it away with the first one?
Sure. Want me to? Yeah. And a lot of these are like, they sound so basic and obvious, and that's probably what makes them good because they're sort of gonna stand, you know, they're gonna be true today, tomorrow or whatever, five years from now. So so the first one that I picked was from Ben Carlson. Ben's been on the podcast a few times. People might know him from Animal Spirits. He's Real House Wealth Management. Those guys are producing tons of content. Anyway, so Ben's lesson was a good strategy you can stick with is better than a great one you can't. And then he kind of went on to say, an
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