The Eisman Playbook

In this episode of 'The Eisman Playbook,' Steve is joined by special guest Dwight Collins, co-head of U.S. and head of institutional sales at Autonomous, a boutique financial firm.

They delve into the nuances of institutional sales, comparing the differences between bulge bracket and boutique firms. Dwight shares insights about financial services, drawing from his extensive experience and current client feedback. Key topics include market trends, credit quality, and M&A activity within sectors such as banks, investment banks, asset management, alternatives, insurance, and fintech. They discuss the impacts of deregulation, the changing landscape of traditional asset management, and emphasize the stable performance of exchanges and quality financial stocks in a volatile market environment. They also touch upon the evolving role of giants like Visa, MasterCard, and Apple in the fintech space.

Episode Highlights:

01:37 Introduction and Special Guest Introduction

01:50 Understanding Institutional Sales

03:18 Insights from Dwight Collins

05:11 Market Sentiments and Client Feedback

10:54 Banking Sector Analysis

24:52 Asset Management and Alternatives

33:11 Apollo vs. Blackstone: A Tale of Two Strategies

33:36 Challenges in the Private Equity Market

36:26 Accounting Issues in Private Equity

38:15 Life Insurance: A Complex Sector

41:06 Property and Casualty Insurance: Natural Catastrophes Impact

43:34 Specialty Finance: Mergers and Market Dynamics

48:18 FinTech: The Rise and Fall

51:05 Visa and MasterCard: The Unbeatable Giants

55:45 Apple Pay's Disruption in Payments

56:45 Top Stock Picks and Market Insights

01:01:26 Conclusion and Final Thoughts

Link to this episode on YouTube: https://youtu.be/r3qBnCJYcfw⁠

Connect with Steve Eisman and access The Eisman Playbook:

🌐 https:// linktr.ee/eismanplaybook

👉 Don’t forget to follow, subscribe, and share the show with someone who needs to hear it.

Episode Production Credits

Producer: ⁠⁠⁠⁠⁠Collier Landry⁠⁠⁠⁠⁠

Producer & Publicity: ⁠⁠⁠⁠⁠Steven Cohen, Next Horizon Media⁠⁠⁠⁠⁠

Post-Production Services by Don’t Touch My Radio

Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.
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This is a bonus episode featuring a replay of 'The Noble Update' Twitter Spaces session hosted by George Noble @gnoble79 and co-host Dilley @DilleyCouture, who Steve Eisman joins as he discusses various topics, including the origins of his investment ideas, his thoughts on current market dynamics, and his perspective on housing and financial sectors. Eisman also shares his views on the escalating federal deficit, the role of AI in the economy, and the value of Bitcoin. The session concludes with Eisman revealing his favorite comic books, offering a more personal glimpse into the famed investor's interests.

00:00 Introduction and Casual Conversation
00:10 Discussing the Song 'When the Levee Breaks'
01:49 Market Observations and Steve Eisman's Introduction
03:44 Steve Eisman's Background and The Big Short
13:12 Current Market Views and Predictions
27:56 Q&A Session with Steve Eisman
48:40 Financial Crisis Concerns
49:32 AI and Future Investments
50:45 Synthetic Products and Retail Investors
52:11 Commercial Real Estate Issues
53:32 Tech Giants: Apple and Google
01:01:35 Bitcoin and Cryptocurrencies
01:07:27 Comic Books and Personal Stories
01:26:27 Monetary Policy and Interest Rates
01:29:24 Conclusion and Final Thoughts

Follow Steve Eisman and The Eisman Playbook on social media:


X (Twitter): https://x.com/EismanPlaybook – Stay up to date with Steve's latest insights


YouTube: https://www.youtube.com/@TheEismanPlaybook– Subscribe for exclusive video episodes and expert breakdowns


TikTok: ⁠⁠⁠⁠⁠https://www.tiktok.com/@eismanplaybook⁠⁠⁠⁠⁠

– Get bite-sized investing wisdom and clips from the show


Instagram: ⁠⁠⁠⁠⁠https://www.instagram.com/eismanplaybook⁠⁠⁠⁠⁠– Behind the scenes, quotes, and episode highlights


Website: ⁠⁠⁠⁠⁠https://www.eismanplaybook.com⁠⁠⁠⁠⁠ – Full episodes, articles, and more

👉 Don't forget to follow, subscribe, and share the show with someone who needs to hear it.

Podcast Production Credits

Producer: ⁠⁠⁠⁠⁠Collier Landry⁠⁠⁠⁠⁠

Producer & Publicity: ⁠⁠⁠⁠⁠Steven Cohen, Next Horizon Media⁠⁠⁠⁠⁠

Post-Production Services by Don't Touch My Radio

Disclaimer: The financial opinions expressed are for information purposes only. The views expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No particular results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in 'The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount initially deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.
Learn more about your ad choices. Visit megaphone.fm/adchoices

In this week's The Weekly Wrap episode hosted by Steve Eisman, key market updates and trade news are discussed.

Market Movements, Trade Updates, and Corporate Earnings: A Weekly Wrap with Steve EismanIn this episode of the Weekly Wrap, Steve Eisman reviews the latest market movements, including a significant rally this week with the S&P 500 up 6.5% and the NASDAQ up 7%. He discusses President Trump's trade negotiations with China, affecting tariffs and potentially U.S. drug costs. Eisman also covers Trump's international investments and the struggling performance of UnitedHealthcare.

Key earnings reports from Cisco and Walmart are analyzed, along with trade-related news involving Apple and a merger of Charter and Cox in the cable industry. He wraps up with insights into the mixed earnings season, the impact of emotional investor reactions, and recommendations on books by Judge Richard Posner.

The episode concludes with a mention of an upcoming podcast interview with Dwight Porter, which will focus on various financial services.

Episode Highlights:

00:00 Introduction and Market Overview

00:25 Trade News and Market Reactions

02:25 Healthcare and Company Specific News

03:27 Tech and Retail Earnings Reports

05:39 Trade War Concerns and Market Sentiment

07:55 Book Recommendations and Podcast Updates

09:07 Conclusion and Disclaimers

Follow Steve Eisman and The Eisman Playbook on social media:


X (Twitter): https://x.com/EismanPlaybook – Stay up to date with Steve's latest insights


YouTube: https://www.youtube.com/@TheEismanPlaybook– Subscribe for exclusive video episodes and expert breakdowns


TikTok: ⁠⁠⁠⁠https://www.tiktok.com/@eismanplaybook⁠⁠⁠⁠

– Get bite-sized investing wisdom and clips from the show


Instagram: ⁠⁠⁠⁠https://www.instagram.com/eismanplaybook⁠⁠⁠⁠– Behind the scenes, quotes, and episode highlights


Website: ⁠⁠⁠⁠https://www.eismanplaybook.com⁠⁠⁠⁠ – Full episodes, articles, and more

👉 Don't forget to follow, subscribe, and share the show with someone who needs to hear it.

Episode Production Credits

Producer: ⁠⁠⁠⁠Collier Landry⁠⁠⁠⁠

Producer & Publicity: ⁠⁠⁠⁠Steven Cohen, Next Horizon Media⁠⁠⁠⁠

Post-Production Services by Don't Touch My Radio

Disclaimer: The financial opinions expressed are for information purposes only. The views expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No particular results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in 'The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount initially deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Steve Eisman summarizes his recent podcast interview with renowned housing analyst Ivy Zelman, sharing five critical insights about the current housing market. They discuss why home affordability is declining, the impact of rising mortgage rates, the professionalism and land purchasing strategies of today's home builders compared to the pre-crisis era, and the challenges of building affordable homes due to local zoning laws. Zelman expresses caution about investing in home builders given current market conditions, emphasizing high rates and affordability issues. For more in-depth analysis, listeners are encouraged to watch the complete podcast.

00:00 Introduction and Overview
00:13 Housing Affordability Challenges
00:35 Impact of Interest Rates on Housing
01:13 Changes in Home Builder Practices
02:19 Regulatory Hurdles for Affordable Housing
02:51 Current Market Conditions and Recommendations
03:25 Conclusion and Podcast Information
04:16 Disclaimer and Production Credits

Connect with Steve Eisman and access all things The Eisman Playbook:
🌐 https:// linktr.ee/eismanplaybook
→ Follow on socials, watch episodes, and get the latest updates — all in one place.

Episode Production Credits
Producer:  ⁠Collier Landry⁠
Producer & Publicity: ⁠Steven Cohen, Next Horizon Media⁠
Post-Production Services: Don’t Touch My Radio

Disclaimer: The financial opinions expressed are for information purposes only. The views expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not guarantee future results. No particular results or profits are assured when relying on this content.
Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in "The Eisman Playbook" carry a high level of risk and may not be suitable for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount initially deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.
Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of The Eisman Playbook, Steve Eisman discusses the current housing market with Ivy Zelman of Zelman Associates. They explore the transformation of the homebuilding industry since the pre-crisis era, focusing on changes in balance sheets, land acquisition practices, and the impact on market dynamics. The episode delves into the affordability crisis, the factors behind it, and potential federal interventions to improve the situation. They also touch on the pressures sell-side analysts face and provide advice for young professionals entering the finance industry.

Finally, Eisman answers listener questions in a new segment called 'Steve's Mailbag' and announces an upcoming financial literacy masterclass.

Link to this episode on YouTube: https://youtu.be/ttViYDGrD-I

Episode Highlights:
00:00 Introduction to the Eisman Playbook
01:27 Meet Ivy Zelman: Housing Market Expert
03:30 Pre-Crisis vs. Post-Crisis Home Builders
09:28 Current State of the Existing Home Market
13:22 Challenges and Strategies for Home Builders
18:23 Investment Insights on Home Builders
25:27 Affordability Crisis in the Housing Market
26:49 The Housing Affordability Crisis
27:49 Challenges in Home Building
29:24 Impact Fees and Community Services
29:59 Hypothetical Solutions for Housing
33:08 Experiences as a Sell-Side Analyst
37:08 Market Insights and Predictions
42:32 Advice for Aspiring Analysts
44:19 Steve's Mailbag: Listener Questions
47:37 Conclusion and Final Thoughts

About my guest, Ivy Zelman:

Website: https://www.zelmanassociates.com/

Ivy Zelman’s Stock Disclosures:

AMWD, BLD, BLDR, CSL, FBHS, IBP, MBC, RMAX, SWK, BZH, CCS, HOV, KBH, LEN, MDC, MHO, MTH, PMH, TOL & TMHC

Stock Ownership:
Analyst: No
Analyst’s Family: No
Analyst’s Firm: No
Investment Banking Client: No
Other Conflicts: Yes – Zelman has received compensation for products or services other than investment banking services.

DFH
Stock Ownership:

Analyst: No
Analyst’s Family: No
Analyst’s Firm: No
Investment Banking Client: Yes
Other Conflicts: Yes – Zelman has received compensation for products or services other than investment banking services

Connect with Steve Eisman and access The Eisman Playbook:

🌐 https:// linktr.ee/eismanplaybook

👉 Don’t forget to follow, subscribe, and share the show with someone who needs to hear it.

Episode Production Credits

Producer: ⁠⁠⁠⁠Collier Landry⁠⁠⁠⁠

Producer & Publicity: ⁠⁠⁠⁠Steven Cohen, Next Horizon Media⁠⁠⁠⁠

Post-Production Services by Don’t Touch My Radio

Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.
Learn more about your ad choices. Visit megaphone.fm/adchoices