The Real Eisman Playbook
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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Daniel Guetta on the Guts of AI, Agentic AI & Why LLMs Hallucinate | The Real Eisman Playbook Ep 46
<p>On episode 46 of The Real Eisman Playbook, Steve Eisman is joined by Columbia professor Daniel Guetta to discuss all things AI. The two of them break down exactly how these large language models work and the kind of value businesses are seeing from using them. They also discuss agentic AI and address concerns Gary Marcus brought up on a previous episode of our show. </p> <p><br></p> <p>More info and AI tools from Daniel here: https://daniel.guetta.com/eisman <br></p> <p><br></p> <p><br></p> <p><br></p> <p><br></p> <p><br></p> <p>...
AI Panic Spreads, Health Insurers Crack & Retail Keeps Buying | The Weekly Wrap
<p>On this episode of The Weekly Wrap, Steve Eisman breaks down why AI panic is spreading beyond software. He also explains what Molina’s disastrous results reveal about deeper structural problems in health insurance and why the issues go well beyond UnitedHealth. He also discusses retail investors buying the dip, dives into earnings, and answers two mailbag questions. </p> <p><br></p> <p>00:00 - Intro</p> <p>01:28 - Retail Continues To Buy Every Dip</p> <p>02:30 - All is Not Well with the US Consumer</p> <p>03:22 - The Weight Loss Wars</p> <p>03:48 - AI Panic Expands</p> <p>...
Consumer VibeCession & Private Credit Risk with Lakshmi Ganapathi | The Real Eisman Playbook Episode 45
<p>On this episode of The Real Eisman Playbook, Steve Eisman is joined by Lakshmi Ganapathi (Unicus Research) to discuss the growing stress among consumers in the US economy and whether or not the "silent recession" is already here. They also discuss the problems within the used car business, the Yen Carry Trade, private credit concerns, and much more. </p> <p><br></p> <p>00:00 - Intro </p> <p>01:34 - The Health of the US Consumer</p> <p>08:35 - Is There Already a Recession?</p> <p>16:02 - Problems with Carvana & the Used Car Business</p> <p>20:58 - Commercial Real Estate</p> <...
Crypto & Silver Collapse, Software Gets Obliterated, & Two Stock Recommendations | The Weekly Wrap
<p>In this episode of The Weekly Wrap, Steve Eisman discusses silver’s collapse and forced liquidations, crypto's plunge, and the obliteration of software stocks. He also recommends two stocks (Charter & Meritage) and breaks down another week of earnings. </p> <p><br></p> <p>00:00 - Intro</p> <p>01:30 - A Personal Health Update</p> <p>02:15 - Silver Collapsed</p> <p>03:34 - Crypto's Decline</p> <p>05:18 - The Obliteration of Software Stocks</p> <p>07:22 - Charter Communications</p> <p>13:13 - Meritage Homes</p> <p>15:14 - Waymo & Tesla</p> <p>15:42 - Earnings: Palantir, PayPal, Disney, AMD, Eli Lilly, Google, Qualcomm, & Amazon</p> <p>...
Jason Trennert on Populism, Policy & a Distorted Market System | The Real Eisman Playbook Ep 44
<p>On this episode of The Real Eisman Playbook, Steve Eisman is joined by Jason Trennert (Strategas). The two of them beak down how populism, policy decisions, and private capital have reshaped today’s market system. Trennert explains the long-term implications for investors navigating a market that no longer behaves the way it used to. </p> <p><br></p> <p>00:00 - Intro </p> <p>01:52 - Jason's Journey with Cancer</p> <p>04:47 - Trump's Latest Tariff Threat</p> <p>06:52 - Populism</p> <p>12:04 - Crypto</p> <p>13:45 - The Current Economy</p> <p>16:15 - The AI Bubble (Or Non-Bubble)</p> <p>18:10...
Silver Goes Crazy, United Healthcare is Falling, & AI’s CapEx is Exploding | The Weekly Wrap
<p>In this episode of The Weekly Wrap, Steve Eisman breaks down the recent chaos surrounding silver and how it's been impacted by China’s new export ban. He also discusses the collapse of UnitedHealthcare, the explosive AI CapEx forecasts from Meta and Microsoft, and much more. </p> <p><br></p> <p>00:00 - Intro</p> <p>01:10 - Some Thoughts on the Market & The Surge of Silver</p> <p>04:37 - Greenland & The Fed</p> <p>05:41 - Procter & Gamble & McCormick Struggle</p> <p>06:30 - State of the Market</p> <p>07:25 - Earnings: UnitedHealthcare, Starbucks, GE Vernova, Amphenol, Meta, ServiceNow, Microsoft, Tesla, Apple</p>...
The Mystery of Stablecoins, Visa, & Fiserv’s Collapse with Ken Suchoski | The Real Eisman Playbook Episode 43
<p>On this episode of The Real Eisman Playbook, Steve Eisman is joined by analyst Ken Suchoski to break down the world of payments. The two of them discuss the benefits and risks of stablecoins, why Visa and Mastercard are still dominant, the collapse of Fiserv, and much more. </p> <p><br></p> <p>00:00 - Intro </p> <p>01:20 - What Are Stablecoins? </p> <p>08:50 - Tether, Circle, & Potential Risks </p> <p>20:33 - Consumer Payments vs Commercial Payments </p> <p>28:39 - Back to Circle's Stock </p> <p>30:35 - Traditional Payments: Visa & Mastercard </p> <p>40:15 - Investing Outside of Visa & Mastercard </p> <...
The “Lone Wolf” Effect: Trump, Burry & a Market on Edge | The Weekly Wrap
<p>In this episode of The Weekly Wrap, Steve Eisman explores the growing impact of “lone wolves” on today’s market, from President Trump’s tariffs to Michael Burry’s warnings about AI. He also breaks down Nvidia’s new chip, regional bank earnings, housing and affordability, private equity, and the ongoing Netflix/Warner Bros saga. </p> <p><br></p> <p>00:00 - Intro</p> <p>01:40 - Trump, Tariffs, & Greenland</p> <p>03:48 - AI, Michael Burry, & NVIDIA's New Chip</p> <p>06:05 - Affordability Updates</p> <p>08:45 - Private Equity</p> <p>10:54 - Earnings: Netflix, D.R. Horton, Regional Banks, </p> <p>16:28 - Mailbag</p...
Gary Marcus on the Massive Problems Facing AI & LLM Scaling | The Real Eisman Playbook Episode 42
<p>On this episode of The Real Eisman Playbook, Steve Eisman is joined by Gary Marcus to discuss all things AI. Gary is a leading critic of AI large language models and argues that LLMs have reached diminishing returns. Steve and Gary also discuss the business side of AI, where the community currently stands, and much more. </p> <p><br></p> <p>00:00 - Intro </p> <p>01:29 - Gary's Background with AI & Where We're At Currently </p> <p>12:51 - AI Hallucinations </p> <p>22:27 - Gemini, ChatGPT, & Diminishing Returns </p> <p>26:46 - The Business Side of AI </p> <p>28:39 - Where the...
Why Bank Earnings Are Essential to Understanding the Market in 2026 | The Weekly Wrap
<p>In this episode of The Weekly Wrap, Steve Eisman connects the dots between his 4 themes of 2025 and the 5 new structural shifts defining 2026. Steve also breaks down why the major banks just reported strong results but saw their stocks sink. He also discusses updates on affordability and the criminal investigation into Fed Chair Jerome Powell. </p> <p><br></p> <p>00:00 - Intro</p> <p>01:15 - Connecting the 4 Themes of 2025 and the 5 Themes of 2026</p> <p>06:45 - Affordability Updates</p> <p>10:20 - The DOJ's Investigation Into Chairman Powell</p> <p>10:44 - Earnings: Banks</p> <p>20:35 - Outro</p> <p><br></p> <...
