The Real Eisman Playbook is your front-row seat to the insights, strategies, and perspectives of legendary investor Steve Eisman. Best known for predicting the 2008 financial crisis, Steve brings his sharp analysis and no-nonsense approach to dissecting the markets, global economy, and investment trends shaping the future. Whether you’re a seasoned investor or just curious about how the financial world really works, The Eisman Playbook delivers the knowledge you need to stay ahead. Tune in for expert commentary, candid conversations, and actionable takeaways from one of Wall Street’s most influential minds.
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Steve Eisman concludes his deep dive into the 2008 financial crisis, explaining how excessive leverage, subprime mortgages, and complex derivatives made the collapse inevitable. He criticizes the lack of prosecutions for widespread fraud and contrasts the GFC with the 2023 Silicon Valley Bank failure, highlighting regulatory differences and concentrated deposit risks. Eisman then discusses post-crisis reforms like Dodd-Frank, their unforeseen consequences, and offers predictions for the banking sector, including a call for more bank mergers.
In this year-end wrap, Steve Eisman dissects 2025's market trends, focusing on the K-shaped economy's uneven growth and the ongoing debate around AI's revolutionary potential versus bubble risks, including power constraints and LLM scaling limits. He also addresses concerns about the ballooning private credit market's opacity and the persistent affordability crisis, especially in housing. Eisman then offers a detailed analysis of S&P 500 sector performance and provides crucial investment guidance for navigating the market in 2026, emphasizing duration and cash reserves.
In part one of his masterclass, Steve Eisman dissects the 2008 financial crisis, starting with how banks utilize leverage and how unchecked incentives led to dangerous levels of risk. He explains the flawed concept of risk-weighted assets and traces the evolution of subprime mortgages from a niche sector to a massive, unstable market. Eisman recounts his early detection of the crisis through securitization data, highlighting the systemic failure driven by volume-based compensation and ultimately the investor "buyer's strike" that made the global collapse unavoidable.
On this episode of The Weekly Wrap, Steve Eisman breaks down the Netflix/Paramount battle for Warner Bros Discovery and why he isn't certain that Netflix's deal will go through. He also discusses Oracle's rough week, the increasing anxiety surrounding AI, housing updates, and more. 00:00 - Intro 02:23 - Fed Cut Update 02:45 - Oracle's Stock Goes Down 04:37 - Housing Update 05:25 - Netflix & Paramount Battle For Warner Bros. 10:26 - Risks in the AI World 15:53 - Mailbag: Benefits For AI 21:03...
On this episode of The Real Eisman Playbook, Steve Eisman is joined by Nigel Coe from Wolfe Research to discuss a variety of topics across the industrial sector. The two of them break down the year in AI stocks, the state of the housing market, GE Vernova, the AI power crisis, and much more. Subscribe 👉🏻https://www.youtube.com/@RealEismanPlaybook?sub_confirmation=1 Connect with Steve Eisman and access all things The Eisman Playbook: 🌐 https://linktr.ee/realeismanplaybook → Follow on socials, ...
On this episode of The Weekly Wrap, Steve Eisman breaks down the latest in the market, including the recent rally and why the Fed's rate "tinkering" doesn't matter in the long run. He also discusses the housing affordability crisis, revealing why local supply issues are the true roadblock to building affordable homes. He also breaks down the ongoing crypto correction and the intense AI fear gripping software stocks like Salesforce. 00:00 - Intro 00:50 - The Market Rallies Back 02:00 - A Quick Co...
On this episode of The Real Eisman Playbook, Steve Eisman speaks at Case Western Reserve University in Cleveland, Ohio. He breaks down exactly what happened with the financial crisis in 2008, how it was portrayed in The Big Short, and takes questions regarding the current state of the market and America's K-shaped economy. 00:00 - Intro 02:18 - How I Got To Wall Street 06:30 - The Buy Side & The Sell Side 08:26 - The Financial Crisis 21:05 - Audience Questions Subscribe 👉🏻https://www.youtu...
This episode explores the latest market dynamics, including a strong rally and Dell's surprising revenue guidance. Steve Eisman details how Google's Gemini 3 has reportedly leapfrogged OpenAI's ChatGPT, drawing parallels to past market revolutions. Crucially, he uncovers the emerging power crisis as the true binding constraint for the AI boom, with data centers' electricity demand skyrocketing. The discussion also touches on Michael Burry's skepticism about AI spending and a critique of European economic stagnation.
Steve Eisman interviews Amy Butte, a CFO with extensive experience in taking companies public, including the NYSE and Navan. They discuss the rigorous process of transforming private entities into public ones, focusing on financial restructuring, operational changes, and the challenges of an IPO roadshow. Butte also details Navan's innovative AI-driven travel platform and offers valuable career guidance for young people navigating a rapidly changing job market affected by artificial intelligence.
This episode of The Weekly Wrap explores NVIDIA's impressive growth and the underlying market nervousness surrounding AI, drawing parallels to historical tech booms. Steve Eisman also reviews Q3 earnings for Home Depot, Lowe's, Target, and Walmart, highlighting trends in the housing and retail sectors. Additionally, he tackles listener questions covering hedge fund fees, stock valuation, international markets, and specific company analysis like Progressive.
On this episode of The Real Eisman Playbook, Steve Eisman is joined by Regina Brooks (Serendipity Literary Agency), Jennifer Weis (The Weis Agency), and Anthony Ziccardi (Post Hill Press) to discuss the ever-changing publishing industry. From the influence of BookTok to the increasing use of AI tools, the entire ecosystem is rapidly transforming. The four of them explore their concerns, their hopes, and what the industry might look like in the future. 00:00 - Intro 02:27 - How the Industry Has C...
This episode breaks down significant market events, including the government shutdown's resolution and its minimal market impact. Steve Eisman delves into Michael Burry's contentious warning about AI companies inflating earnings through depreciation changes, alongside concerning data on subprime auto loan delinquencies. The episode also provides in-depth analysis of Q3 earnings from CoreWeave, Cisco, Paramount, Disney, and Circle, examining growth drivers, challenges, and valuation concerns, concluding with insights into the current M&A advisory boom.
Steve Eisman and Glenn Schorr discuss why private lenders like Apollo and Blackstone face pressure despite market highs, examining credit market risks and the challenges of private equity monetization. They also delve into the strategic pivots of Goldman Sachs away from consumer banking, Bank of America's long-term asset decisions, and Citi's transformative leadership under Jane Fraser. The conversation concludes with an explanation of tokenization and the ongoing struggles of traditional asset managers against the rise of passive investing.
On this episode of The Weekly Wrap, Steve Eisman recaps a volatile week in the market and discusses Zohran Mamdani becoming mayor of New York, the latest in earnings (both in the AI and non-AI space), FICO & credit bureaus, and more. 00:00 - Intro 01:10 - A Volatile Week in the Market 02:03 - Inside the K Shaped Economy: Are We Prone For a Downturn? 05:05 - Zohran Mamdani Elected Mayor of New York 05:50 - Earnings: AI-Related Companies 14:05 - Earnings: Non AI-Related Companies 19:40 - What ...
On this episode of The Real Eisman Playbook, we're doing something a little different. This week, Steve Eisman is joined by the team behind Glass House Brands to discuss the cannabis sector, a once promising corner of the market that has recently been left in the dust. They also discuss the challenges facing the industry, how policy shifts could reshape the future of weed, and much more. 00:00 - Intro 03:45 - Glass House Brands 16:10 - Illegal Competition 18:45 - The ICE Operation at Glass House...
On this episode of The Weekly Wrap, Steve Eisman breaks down everything happening in the market this week. He discusses earnings for both AI and non-AI related companies. He also gives updates on the US/China trade deal, the Fed cutting rates again, Amazon laying off 14,000 workers, and more. 00:00 - Intro 01:01 - The Trade Deal Between the US and China 01:31 - The Fed Cuts Rates Again 02:29 - AI Announcements 04:14 - Amazon Lays of 14,000 Workers to Invest in AI 04:29 - Earnings: Microsoft, Met...
On this episode of The Real Eisman Playbook, Steve Eisman is joined by Andrew Ross Sorkin, whose new book "1929" is out now. The two of them dive deep into Andrew's book and discuss the wild west market of the time, the interesting characters around the chaos, the crash itself, and any parallels between what happened in 1929 and what's happening in America right now. You can purchase Andrew's book here: https://www.amazon.com/1929-Inside-Greatest-History-Shattered/dp/0593296966 00:00 - Intro 02:...
On this bonus episode of The Real Eisman Playbook, Steve Eisman is joined by Nick Del Deo, the digital infrastructure analyst at MoffettNathanson. The two of them discuss all things data centers, from CoreWeave’s explosive rise to the massive energy and infrastructure challenges ahead. 00:00 - Intro 01:19 - Private Markets vs Public Markets 02:07 - Data Centers Explained 11:03 - Digital Realty & Equinix 33:51 - CoreWeave 46:25 - The Power Industry 51:20 - Fiber Operators Subscribe 👉🏻https:...
On this episode of The Weekly Wrap, everything related to AI is doing well, but for the rest of the economy, it's more nuanced. Steve Eisman breaks down why that is. He also gives updates on Apple, Tesla, the aviation industry, and more. 00:00 - Intro 01:05 - Apple's New iPhone is Doing Well 01:42 - Earnings: AI Related Companies 05:06 - Earnings: Non-AI Related Companies 16:10 - A Mailbag Update 16:59 - Outro Watch my Financial Literacy Masterclass video here: https://youtu.be/u8chA7LC8lU Subsc...
This episode features Steve Eisman, Craig Moffett, and Michael Nathanson discussing critical shifts across tech and media. They cover the Google-Apple antitrust case and Apple's lacking AI strategy, the deep troubles facing the cable industry due to fiber and wireless competition, and T-Mobile's market position. The conversation also delves into AI's radical transformation of advertising agencies and its broader implications for job markets, alongside the pressing need for consolidation in the streaming landscape.
On this episode of The Weekly Wrap, Steve Eisman breaks down the bank stock rout and explores whether it signals deeper issues in the financial sector. He also discusses Trump's tariffs battle with China and provides an update on last week's mailbag question regarding AI in the workforce. 00:00 - Intro 00:53 - Trump's Tariffs Battle with China 01:56 - Unpacking The Bank Stock Rout 17:26 - Mailbag: An Update on AI in the Workforce 18:08 - Outro Watch my Financial Literacy Masterclass video here: ...
On this episode of The Real Eisman Playbook, Steve Eisman is joined by Steve Liesman from CNBC. The two of them discuss what's really happening with tariffs, the spotty strength of the economy; the Fed and its relationship to politics and Steve’s time and stories as the head of the Wall Street Journal bureau of Russia during the 1990s Yeltsin era. 00:00 - Intro 01:25 - The State of the Economy 06:40 - Health of the Consumer 11:05 - Youth Unemployment & AI 17:30 - What's Really Happening with...
On this episode of The Weekly Wrap, Steve Eisman takes mailbag questions from viewers regarding the impact of AI on real life workers, the state of the housing market, CFA exams, and more. He also discusses recent market updates, Fifth Third Buying Comerica, and Apple's current situation. 00:00 - Intro 00:55 - Markets Reach All-Time Highs, OpenAI, Gold 01:14 - Fifth Third Buys Comerica 01:51 - AI Continues to Grow, But the Rest of the Economy Isn't 02:52 - The Impact of AI on Real Life Workers 0...
On this episode of The Real Eisman Playbook, Steve Eisman is joined by Stacy Rasgon. The two of them break down the battle of AI. They discuss Nvidia’s dominance, AMD’s challenge, Intel’s decline, Broadcom’s custom chips, and the impact of China and tariffs. 00:00 - Intro 01:48 - Stacy Rasgon's Background & Nvidia's Growth 11:28 - Use Cases For AI 18:23 - GPU vs Custom Made Chips 24:06 - AMD 31:17 - How Important is China For Nvidia? 35:42 - Which Companies Have Done Well? Which Ones Haven't...
In this episode of The Weekly Wrap, Steve Eisman interviews Lakshmi Ganapathi from Unicus Research. They discuss why U.S. consumers are struggling. From rising auto loan delinquencies to ballooning credit card debt, consumers everywhere are feeling the pressure. They also discuss Opendoor, meme stocks, and the impact of AI. 00:00 - Intro 01:10 - The US Government Shut Down 01:35 - The US Economy 08:24 - The Auto Sector & Why Consumers Are Struggling 24:18 - Opendoor, Meme Stocks, & AI Su...
On this episode of The Real Eisman Playbook, Steve Eisman sits down with Dan Ives of Wedbush Securities. The two of them talk all things AI, from OpenAI to Tesla & Waymo. They also discuss Apple's lack of AI strategy, where Palantir fits into everything, and why Europe seems nowhere to be found. 00:00 - Intro 02:00 - Eightco Developments & OpenAI Authentication 06:20 - Are We In Another Industrial Revolution? Who Are the Winners & Losers? 12:22 - Apple's AI Strategy 19:33 - OpenAI Co...
In this episode of The Weekly Wrap, Steve Eisman dives into the wild world of crypto. He discusses the recent market chaos and shenanigans, the rise of the AI revolution, and much more. He also answers a couple of mailbag questions from viewers. 00:00 - Intro 01:37 - Crypto Shenanigans & Market Chaos 06:00 - The AI Revolution 20:50 - Investing During a Recession 22:58 - Outro Subscribe 👉🏻https://www.youtube.com/@RealEismanPlaybook?sub_confirmation=1 Connect with Steve Eisman and access all...
In this episode of The Real Eisman Playbook, Steve sits down with Michael Ha, the Managed Care Analyst at Baird to discuss all things United Healthcare, a company under assault. They break down the problems at UNH, which go far deeper than just rising medical care costs. They get into the problems with Optum, UNH's aggressive coding tactics, and of course the tragic murder of CEO Brian Thompson by Luigi Mangione. 00:00 - Intro 02:22 - The Murder of United Health CEO Brian Thompson & Ensuing ...
This episode covers recent news, including legal updates on Luigi Mangione and the assassination of Charlie Kirk, highlighting the dangerous polarization in political discourse. Steve Eisman then explores stablecoins, explaining their functionality, diverse use cases, and the massive opportunity in cross-border payments, while also addressing the significant challenges they face in disrupting consumer payment systems. He concludes by discussing the systemic risks posed by unregulated stablecoin issuers like Tether and offers practical insights into stock valuation methods based on industry expertise.
In this episode of The Real Eisman Playbook, Steve Eisman sits down with Rob Kaplan, Vice Chairman of Goldman Sachs. The two of them discuss a variety of topics, including President Trump’s ongoing pressure on the Fed, what makes a good investment banker, Rob’s history with Goldman Sachs and the Dallas Fed, and much more. 00:00 - Intro 01:15 - Introducing Rob Kaplan 02:30 - Trump's Pressure on the Fed 12:20 - The Impact of Tariffs 13:58 - The Difference in Fed Chairs 16:56 - What Does It Mean to...
