The Eisman Playbook
The 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. Follow Us on Social Media!
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Episodes
Monday May 19, 2025
Monday May 19, 2025
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. Learn more about your ad choices. Visit megaphone.fm/adchoices
Sunday May 18, 2025
Sunday May 18, 2025
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
Friday May 16, 2025
Friday May 16, 2025
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
Friday May 16, 2025
Friday May 16, 2025
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
Monday May 12, 2025
Monday May 12, 2025
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
Friday May 09, 2025
Friday May 09, 2025
A Weekly Wrap: Market Movements, Trade News, and Earnings Highlights
In this week's Weekly Wrap episode hosted by Steve Eisman, key market updates and trade news are discussed.
The S&P 500 and NASDAQ were down marginally, capping off a strong rally. Significant trade developments included President Trump's proposed tariffs on foreign-produced movies and a vague reversal on Biden-era AI chip curbs, impacting media and chip stocks. A new trade agreement with the UK also promises increased market access and reduced duties on certain goods. On the tax front, there's a proposal to extend the 2017 tax cuts with offsets targeting high incomes and private equity gains.
Earnings season continues, with mixed results, particularly in consumer-facing companies and media. However, notable performances were seen from Disney and certain industrial and tech companies like Johnson Controls and AMD. Beyond earnings, the episode covers the Fed's steady interest rates and a surprising testimony from an Apple executive in the Google antitrust trial, which may signal a decline in Google searches due to AI competition.
To cap it off, Steve teases an interview with renowned housing analyst Ivy Zelman in the next podcast episode.
Episode Highlights:
00:00 Introduction and Market Overview
00:29 Trade News Highlights
02:27 Tax Updates and Proposals
03:30 Private Equity and Venture Capital Challenges
04:47 Federal Reserve and Antitrust News
06:02 Earnings Season Insights
07:22 Consumer-Facing Companies Performance
09:13 Media Sector Analysis
10:35 Industrials Sector Review
12:01 Technology Sector Highlights
13:30 Conclusion and Upcoming Episodes
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
Monday May 05, 2025
Monday May 05, 2025
In this episode of The Eisman Playbook, Steve Eisman discusses the dramatic effects of US-China tariffs on the logistics industry with Craig Fuller, CEO of Freight Waves.
The conversation explores the significant drop in container shipments from China, the resulting impact on US supply chains, and the broader economic repercussions. As companies halt new orders due to rising tariffs, empty shelves and reduced trucking volumes are anticipated, with serious ramifications for employment and various industries. With real-time data and expert analysis, this episode sheds light on the unfolding crisis and its potential long-term effects on the economy.
Link to this episode on YouTube:
Episode Highlights:
00:00 Introduction to Current Market Conditions
00:46 Welcome to The Eisman Playbook
01:34 Market Volatility and Earnings Week
02:31 Introducing Craig Fuller of Freight Waves
05:26 The Importance of Logistics in the Global Economy
08:07 Impact of US-China Trade Relations
15:14 The Decline in Container Volumes
26:31 The Great Freight Recession
30:06 Impact of Tariffs on US Industries
31:38 US Export Challenges
32:36 China's Trade Restrictions on Boeing
34:54 Impact on US Imports
38:42 Supply Chain Crisis and Economic Impact
41:27 Trucking Industry Slowdown
45:40 Economic Predictions and Market Reactions
53:24 Conclusion and Final Thoughts
About my guest, Craig Fuller:
Freight Waves website: https://www.freightwaves.com/
Craig on X: https://x.com/FreightAlley
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 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
Friday May 02, 2025
Friday May 02, 2025
In this debut installment of the Friday Market Wrap! on the Eisman Playbook Podcast, Steve Eisman reviews the week's market performance, highlighting key movements in the S&P 500, Nasdaq, and significant earnings reports. Despite initial dips following President Trump's tariff announcements, the markets rallied. Eisman offers a detailed analysis of consumer-facing, industrial, and tech company earnings, emphasizing the pervasive economic uncertainty due to ongoing trade negotiations. Tune in for comprehensive insights and what to expect moving forward amidst the fluctuating economic landscape.
00:00 Introduction and Weekly Market Wrap-Up Announcement
00:14 Market Performance Overview
01:16 Trade Negotiations and Earnings Highlights
02:28 Consumer-Facing Companies Earnings
05:19 Industrials Sector Earnings
07:30 Tech Sector Earnings
09:36 Conclusion and Market Outlook
10:55 Podcast Teaser and Closing Remarks
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 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
Friday May 02, 2025
Friday May 02, 2025
Discover how Dodd-Frank reshaped banking and boosted private credit in the latest Eisman Playbook episode. Tune in to explore potential shifts in the financial landscape.
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
Monday Apr 28, 2025
Monday Apr 28, 2025
In this episode of the Eisman Playbook, host Steve Eisman is joined by banking experts Charlie Peabody and Brent Erensel from the boutique firm Portales Partners. Together, they explore the transformation of the banking industry from the pre-Great Financial Crisis era to the present. They discuss the emergence of bank stocks following the dot-com bust, the impact of the Great Financial Crisis, and the subsequent regulatory changes, including Dodd-Frank and CECL accounting. The conversation also touches on private equity and credit markets, exploring the potential risks they pose to the financial system. Finally, the hosts reflect on recent earnings seasons, discuss the potential effects of recessions, and consider the future of bank mergers and acquisitions.
About my guests:
Charles Peabody
Brent Erensel - MD Equity Sales - Portales Partners
00:00 Introduction and Market Overview
00:18 Meet the Guests: Charlie Peabody and Brent Erensel
01:05 The Pre-Financial Crisis Banking Landscape
02:48 Post-Crisis Regulations and Their Impact
03:47 The Rise of Private Capital
04:38 Challenges in Regulating Non-Bank Financial Institutions
08:39 The Future of Bank Stocks
11:45 Historical Parallels: The Panic of 1907
15:50 Liquidity Concerns in Private Equity
22:38 Key Metrics for Bank Investing
23:31 Belief in the Book Value of Banks
23:58 Introduction to CECL Accounting
25:43 Impact of CECL on Bank Reserves
28:26 Bank Earnings and Recession Resilience
31:53 Market Sentiment and Bank Stock Recommendations
42:38 Regulatory Environment and Bank Mergers
49:49 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.
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