Odd Lots

Steve Eisman on Banks, AI and His Next Big Bet

Jun 16, 2023

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.

52:19

Creator website

Episode guests

Steve Eisman

Highlights

AI Chapters

Episode notes

Balancing Regulations and Infrastructure Capacity in Green Initiatives

00:38

What Would Steve Eisman Do: SVB

00:35

Uncertainty in Benefits of Technology Rollout

00:32

Consumer Debt and Subprime Lending Outlook

00:23

Intro

2min

Banking Under Pressure

14min

Exploring AI's Influence on Market Dynamics

5min

Investment Challenges in Tech and Real Estate

13min

Navigating Real Estate Liquidity and Debt Concerns

3min

Credit Cycles and American Infrastructure

19min

Wrap-Up and Advertisements for Distinct Brands

3min

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.

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