The Real Eisman Playbook
Steve Eisman
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.
Episodes
Mentioned books
29 snips
Dec 23, 2025 • 43min
Steve Eisman's Masterclass on the 2008 Financial Crisis (Part Two) | The Real Eisman Playbook Ep 39
Steve Eisman dives deep into the 2008 Financial Crisis, revealing how excessive leverage and subprime exposure made the collapse inevitable. He explains the mechanics of credit default swaps and their role in creating systemic risk. The discussion spans the timeline of major events, from Bear Stearns to AIG's bailout. Eisman critiques the lack of accountability for Wall Street executives and reflects on the lessons learned from the recent Silicon Valley Bank failure. He also explores the future of banking amid increasing consolidation and regulatory changes.
57 snips
Dec 19, 2025 • 31min
Steve Eisman's 2025 Wrap Up: 4 Themes Defining the Market Today | The Weekly Wrap
In this year-end analysis, key themes shaping the market are explored. The K-shaped economy reveals stark disparities in stock performance despite overall gains. A debate on whether AI is a true revolution or just a bubble raises concerns about scaling challenges. The hidden risks of escalating private credit draw attention, while the affordability crisis highlights supply constraints in housing. Each of the S&P sectors showcases varied performances, shaped by these overarching market dynamics.
63 snips
Dec 16, 2025 • 44min
Steve Eisman's Masterclass on the 2008 Financial Crisis (Part One) | The Real Eisman Playbook Ep 38
Dive into the complexities of the 2008 financial crisis as Steve Eisman explains the crucial role of leverage in banking profitability. He breaks down four key causes and examines the risks posed by risk-weighted assets. Discover how securitization played a pivotal role in subprime mortgage growth, and learn about loosening underwriting standards amidst rising home prices. Eisman also shares insights from his research that led him to short subprime securities, setting the stage for a market unraveling.
47 snips
Dec 12, 2025 • 24min
Netflix & Paramount’s WBD Fight Heats Up + Oracle Falls as AI Doubts Grow | The Weekly Wrap
Steve Eisman dives into the intense Netflix and Paramount showdown for Warner Bros Discovery, raising doubts about Netflix's $83 billion offer. He analyzes Oracle's stock plunge and the rising concerns around AI, questioning the sustainability of large language models. Updates on the housing market reveal weakening earnings, while Eisman critiques corporate governance and compensation at Warner Bros. With insights into the economic implications of AI spending and productivity gains in engineering, this discussion is packed with financial savvy.
39 snips
Dec 8, 2025 • 47min
Inside the Industrial Comeback & AI’s Power Crisis with Nigel Coe | The Real Eisman Playbook Ep 37
Nigel Coe, an equity analyst from Wolfe Research specializing in the industrial sector, joins to discuss fascinating trends in AI stocks and industrial automation. He highlights the resurgence of gas turbines fueled by rising power demand from data centers and EVs. Coe also addresses the impact of power constraints on data-center locations and shares insights on GE Vernova's turnaround. With insights into HVAC demand drop and the shifting landscape of U.S. manufacturing, Coe provides strategic focus areas for investors looking ahead.
61 snips
Dec 5, 2025 • 22min
The Housing Market is Broken: Why Homes Are Unaffordable & What It Takes to Fix It | The Weekly Wrap
Steve Eisman dives into the recent market rally and the limits of the Fed's interventions. He highlights the housing affordability crisis, pinpointing local supply issues as major hurdles to building affordable homes. The discussion also touches on the current crypto correction, questioning its valuation fundamentals. Additionally, concerns about AI are raising anxiety in software stocks, particularly Salesforce. The episode concludes with insights into investment strategies comparing mutual funds and ETFs.
54 snips
Dec 1, 2025 • 1h 14min
Steve Eisman Reflects on 2008, The Big Short & Today’s K-Shaped Economy | The Real Eisman Playbook Episode 36
In a riveting discussion, Steve Eisman, a legendary investor famed for predicting the 2008 housing crisis, reflects on his journey from Harvard Law to Wall Street. He breaks down the 2008 crisis, identifying key factors like leverage and derivatives, and explains how credit default swaps created a fragile financial web. Eisman also discusses today’s K-shaped economy, highlighting the divergent economic trajectories and AI's role in market concentration. He shares career advice, emphasizing the importance of aligning one's strengths with career choices.
32 snips
Nov 28, 2025 • 24min
Google Surges Past OpenAI and AI Faces a Bigger Crisis That Could Break the Boom | The Weekly Wrap
Steve Eisman dives into the thrilling market dynamics as Google’s Gemini 3 surges ahead of OpenAI, likening the competition to the historic railroad revolution. He also dissects Dell's latest earnings and Michael Burry's caution over accounting practices that could signal risks for big tech. The pressing issue of power shortages threatens the AI boom, prompting discussions on innovative solutions like small nuclear plants. Plus, insights into leadership pitfalls and the entrepreneurial spirit in Europe add depth to the conversation.
33 snips
Nov 24, 2025 • 50min
Why It’s So Difficult For Companies to Go Public: A CFO Explains the Process | The Real Eisman Playbook Episode 35
Amy Butte, CFO at Navan and former CFO of the New York Stock Exchange, shares her experiences with IPOs and financial operations. She discusses the challenges and strategies for taking a company public, including the essential elements for IPO readiness. Amy highlights how Navan modernizes business travel and uses AI to enhance efficiency and reduce costs. She also offers advice for young professionals entering the workforce and shares insights on the importance of culture in career choices.
112 snips
Nov 21, 2025 • 24min
NVIDIA’S Explosive Growth Can’t Hide the Market’s AI Panic | The Weekly Wrap
NVIDIA's extraordinary growth sparks a market reversal, raising questions about the future of AI investments. Historical parallels are drawn between AI spending and the 19th-century railroad boom, highlighting inherent risks. Big-box retailers like Home Depot and Target face tough times due to weak housing markets and competition from giants like Amazon. Meanwhile, Walmart thrives by capturing market share amid consumer stress. In the mailbag, topics include the fairness of hedge fund fees, stock valuation, and insights on investing in India.
