Steve Eisman, a senior portfolio manager at Neuberger Berman and known for his timely bet against the housing market, shares his insights on current investment landscapes. He discusses the recent banking turmoil, believing it's manageable, and emphasizes the boom in AI technologies. Eisman reveals his focus on U.S. manufacturing and infrastructure, highlighting opportunities in revamping the electricity grid. He also addresses the challenges in tech investments and the evolving dynamics in real estate markets.
Steve Eisman is known for having bet against the housing market prior to the Great Financial Crisis in a trade immortalized by Michael Lewis in The Big Short. So what is he betting on now? In a special live episode of Odd Lots, recorded at the Bloomberg Invest summit, the Neuberger Berman portfolio manager discusses the recent banking turmoil (he thinks it's contained), the boom in anything related to AI, and his current bets on US manufacturing and infrastructure. He also talks about investing in rewiring the nation's electricity grid and why he thinks this theme has years left to play out.