Click Beta
Click Beta
Podcast Description
A futurist, a hedge fund manager, and a financial planner walk into a (virtual) bar, each carrying an investing topic the others don't know in advance. Add in some of the sharpest minds in finance as rotating guests, and what ensues is unlike any investing podcast you've ever heard. Join Dave Nadig, Jason Buck, and Matt Zeigler for unscripted conversations about markets, the economy, and whatever else crosses their minds. We hope you'll walk away a more informed investor - but we guarantee you'll enjoy the journey either way
Podcast Insights
Content Themes
The podcast focuses on finance and investment themes, often delving into market trends, economic forecasts, and personal investing strategies. For instance, episodes may explore the implications of emerging technologies on investment strategies, or dissect current economic shifts affecting market dynamics, fulfilling its mission to educate and entertain listeners.
A futurist, a hedge fund manager, and a financial planner walk into a (virtual) bar, each carrying an investing topic the others don’t know in advance. Join Dave Nadig, Jason Buck, and Matt Zeigler for unscripted conversations about markets, the economy, and whatever else crosses their minds. We hope you’ll walk away a more informed investor – but we guarantee you’ll enjoy the journey either way
In this episode of Click Beta on Excess Returns, Cameron Dawson, Dave Nadig, and Matt Zeigler dive into the trust crisis in markets, the implications of AI-driven CapEx, and how small lessons from life translate into investing wisdom. From the reliability of payroll data to the “bubbles all the way down” problem, the conversation blends deep market insights with practical rituals for navigating uncertainty.
Topics Covered
The decay of institutional trust and unreliable economic data
Public vs. private data and how investors should interpret it
“Good news vs. bad news” in markets and earnings reactions
AI-related CapEx, margin pressure, and the sustainability of Big Tech’s dominance
Winner-take-all dynamics in AI and parallels to the fiber boom
Productivity gains: small businesses vs. mega-cap tech
Investing lessons from technical analysis, rituals, and “last box” routines
The importance of presence, humility vs. hubris, and team culture
Democratization of alternatives, fee/tax efficiency, and “hassle efficiency”
Timestamps
00:00 – The challenge of trusting economic data
03:13 – Who do you trust anymore?
05:07 – Public vs. private data and the “Strange Landing” thesis
07:38 – Good news, bad news dynamics
10:20 – Earnings estimates and labor data gaps
12:00 – AI-driven CapEx and narrow growth drivers
15:00 – Valuation multiples and eroding free cash flow margins
18:00 – Winner-take-all risks in AI
22:00 – Small business productivity vs. mega-cap adoption
27:00 – Rituals, technical analysis, and “the flush deck”
31:00 – Always say it out loud: transparency in investing
37:00 – Leadership lessons: presence, colleagues, and culture
45:00 – Democratization of alternatives and “hassle efficiency”
53:40 – Wrapping up: trust, skepticism, and humility
Disclaimer
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