The Real Eisman Playbook

The Secrets of the Short Seller: How the Pros Spot Trouble

In this episode of The Real Eisman Playbook, Steve Eisman interviews Lakshmi Ganapathi from Unicus Research, focusing on the intricacies of short selling and the factors that contribute to identifying potential shorts. They discuss various case studies, including Stellantis in the automotive sector and SolarEdge and Enphase in the solar industry, highlighting the importance of management quality, market conditions, and political influences. The conversation concludes with valuable lessons learned in short selling, emphasizing the need for thorough research and caution against cult stocks. 
 
Subscribe to The Real Eisman Playbook on Apple Podcasts: https://podcasts.apple.com/si/podcast/the-real-eisman-playbook/id1818671690 
 
00:00 Introduction to Boutique Research and Shorts 02:36 Identifying Shorts: Key Factors 05:50 Case Study: Stellantis and the Automotive Market 16:40 Solar Industry Shorts: SolarEdge and Enphase 28:00 First Solar: Political and Economic Influences 32:30 Lessons Learned in Short Selling 
 
Learn more about Lakshmi Ganapathi here https://www.unicusresearch.com/laks-ganapathi 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. 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. Copyright ©2025 Steve Eisman

Earnings Season Kickoff, Bank Earnings & Nvidia China Greenlight — The Friday Market Wrap!

In this episode of The Weekly Wrap, Steve Eisman provides a comprehensive overview of the current stock market, particularly focusing on the earnings season, with detailed analyses of major banks like JPMorgan, Wells Fargo, Citigroup, and Goldman Sachs. Steve explains key financial metrics and their implications for bank valuations. He also touches on the performance of insurance and healthcare companies, the transformation of General Electric, and Netflix’s market position. The episode concludes with a discussion on his investment strategy, focusing on the U.S. market. 00:00 Steve's Personal Announcement 02:00 Market Overview and Earnings Season Introduction 04:30 Understanding Bank Metrics 05:50 Earnings Reports: JPMorgan and Wells Fargo 08:45 Citigroup and Goldman Sachs Performance 11:20 Morgan Stanley and Regional Banks Results 14:00 Bank of America's Challenges 15:00 Comparative Analysis of Bank Valuations 16:00 Insurance and Healthcare Earnings 17:30 General Electric's Transformation 19:15 Netflix's Earnings and Market Position 21:00 Mailbag: Focus on US Markets 24:00 Long-Only Investment Strategy Discussion 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. 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. Copyright ©2025 Steve Eisman

Why the Market's Surging Despite the Headlines

In this episode of The Real Eisman Playbook, Steve Eisman and Chris Verrone from Strategas discuss the current state of the market, analyzing trends, sentiment, and the performance of various sectors. They explore the importance of understanding market internals, the role of momentum in investing, and the implications of inflation on market dynamics. The conversation also delves into the performance of financials and industrials, the impact of AI, and the contrasting behaviors of gold and Bitcoin in the current economic landscape. 
 
00:00 Market Overview and Trends 05:30 Understanding Market Sentiment 11:30 The Role of Momentum in Investing 17:30 Analyzing Market Internals 23:45 Sector Performance: Cyclicals vs. Defensives 29:30 Financials: A Deep Dive 35:30 Industrials and AI Exposure 41:04 The Future of Software and AI 47:10 Inflation Perspectives and Market Reactions 53:00 Global Market Dynamics and Gold 
 
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. 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. Copyright ©2025 Steve Eisman

Big Beautiful Bill, Write-Off Revolution & Tariff Tempest — The Friday Market Wrap!

In this episode of The Weekly Wrap, Steve Eisman discusses the recent passage of President Trump’s significant legislation, the implications of ongoing tariff discussions, and the current state of the stock market. He also addresses listener questions regarding investment strategies, market manipulation, and the role of money market funds. The episode concludes with an interview with Dan Clifton discussing the implications of the bill recently signed into law by President Trump. They explore the major provisions of the bill, including tax cuts, spending cuts, and their effects on various sectors such as healthcare and the economy. The discussion also delves into the deficit analysis, the impact on Medicaid, and the revolutionary changes in factory expensing that could stimulate growth in multiple industries. 
Subscribe to The Real Eisman Playbook on Apple Podcasts: https://podcasts.apple.com/si/podcast/the-real-eisman-playbook/id1818671690 
 
00:00 Introduction to the Weekly Wrap and Market Overview 04:40 Mailbag Questions and Market Insights 07:40 Understanding Money Market Funds 10:35 Interview with Dan Clifton: The Big Beautiful Bill 12:45 Key Provisions of the Legislation 16:20 Impact on Business and Economic Growth 19:00 Deficit Concerns and Economic Implications 22:02 Healthcare and Medicaid Changes 25:00 Benefits of Tax Cuts and Expensing Provisions 28:00 Conclusion and Future Economic Outlook 
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. 
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. 
Copyright ©2025 Steve Eisman
 

Don't Get Fooled Again: Pulitzer Winner Warns of Wall Street's Dark Side

In this episode of The Real Eisman Playbook, Pulitzer Prize-winning journalist Gretchen Morgenson discusses her career in investigative journalism, focusing on the dark side of Wall Street, the AIG scandal, and the financial crisis. She highlights the role of private equity in modern finance and its impact on various industries, including healthcare. Morgenson emphasizes the importance of exposing corporate fraud and the need for accountability in the financial sector. Subscribe to The Real Eisman Playbook on Apple Podcasts: https://podcasts.apple.com/si/podcast/the-real-eisman-playbook/id1818671690 Learn more about Gretchen Morgenson here https://www.nbcnews.com/author/gretchen-morgenson-ncpn1100071 
 
00:00 Introduction to Investigative Journalism 08:40 The Dark Side of Wall Street 14:00 The AIG Scandal and Its Implications 21:45 The Financial Crisis and Reckless Endangerment 40:35 The Role of Private Equity in Modern Finance 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. 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. Copyright ©2025 Steve Eisman 

Jobs Shock, Bank Buyback Boom & AI Talent Wars — The Friday Market Wrap!

In this episode of the Weekly Wrap, Steve Eisman discusses the current state of the market, highlighting significant economic indicators and trade relations. He delves into the implications of recent trade agreements and the performance of the banking sector, particularly in light of stress tests. The episode also features a mailbag segment where Eisman addresses audience questions regarding interest rates, the dollar’s status, and insights on CEOs in the financial industry. '
 
Subscribe to The Real Eisman Playbook on Apple Podcasts: https://podcasts.apple.com/si/podcast/the-real-eisman-playbook/id1818671690
 
00:00 Market Overview and Economic Indicators 03:30 Trade Relations and Global Impact 06:50 Banking Sector and Stress Tests 09:45 Mailbag Insights and Audience Questions 
 
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. 
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. 
Copyright ©2025 Steve Eisman

How CEOs Build Empires — Or Blow Them Up

In this episode of The Real Eisman Playbook, Steve Eisman hosts a panel of financial experts to discuss the characteristics of effective CEOs, the pitfalls of poor leadership, and the lessons learned from both good and bad CEOs in the financial services industry. The conversation covers notable figures like Jamie Dimon and Brian Moynihan, exploring their leadership styles and the impact of their decisions on their companies. The panelists also reflect on CEOs who were once viewed positively but later faced criticism, as well as those who improved over time, emphasizing the importance of accountability, transparency, and adaptability in leadership. 
 
Subscribe to The Real Eisman Playbook on Apple Podcasts: https://podcasts.apple.com/si/podcast/the-real-eisman-playbook/id1818671690 00:00 Introduction to the Panel and Topic Overview 02:00 Characteristics of Effective CEOs 21:51 The Downside of Poor Leadership 38:31 Lessons from Bad CEOs 54:17 Reflections on CEOs Who Improved Over Time 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. 
 
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. Copyright ©2025 Steve Eisman 
 
Evercore ISI
Glenn Schorr
Company Coverage and Disclosures
Ticker
Company
AAMI
Acadian Asset Management
APO
Apollo Global Management, Inc.
BAC
Bank of America Corporation
Glenn Schorr holds a long position in equity securities of Bank of America Corporation.<br />
BK
Bank of New York Mellon Corp.
Glenn Schorr holds a long position in equity securities of Bank of New York Mellon Corp.&nbsp;
BLK
BlackRock, Inc.
BlackRock, Inc. is a client of Evercore LLC, and Evercore LLC has provided investment banking services to BlackRock, Inc. in the last 12 months.
Evercore ISI or an affiliate expects to receive or intends to seek compensation for investment banking services from BlackRock, Inc. within the next three months.
Glenn Schorr holds a long position in equity securities of Blackrock Inc.
BX
Blackstone, Inc.
Blackstone, Inc. is a client of Evercore LLC, and Evercore LLC has provided investment banking services to Blackstone, Inc. in the last 12 months.
Evercore ISI or an affiliate expects to receive or intends to seek compensation for investment banking services from Blackstone, Inc. within the next three months.
An employee, employee's immediate family member, director or consultant of Evercore ISI or one of its affiliates (but not the covering research analyst or a member of the covering research analyst's household) is an officer, director or advisory board member of Blackstone, Inc..
 
Evercore ISI or an affiliate has received compensation from Blackstone, Inc. for investment banking services in the last 12 months.
Analyst has a financial interest in a private equity fund managed by Blackstone, Inc..
Glenn Schorr holds a long position in equity securities of Blackstone, Inc.&nbsp;
OWL
Blue Owl Capital, Inc
Evercore ISI or an affiliate has acted as a manager or co-manager of a public offering of securities by Blue Owl Capital, Inc in the last 12 months.
Blue Owl Capital, Inc is a client of Evercore LLC, and Evercore LLC has provided investment banking services to Blue Owl Capital, Inc in the last 12 months.
Evercore ISI or an affiliate has received compensation from Blue Owl Capital, Inc for investment banking services in the last 12 months.
C
Citigroup, Inc.
An employee, employee's immediate family member, director or consultant of Evercore ISI or one of its affiliates (but not the covering research analyst or a member of the covering research analyst's household) is an officer, director or advisory board member of Citigroup, Inc..
Glenn Schorr holds a long position in equity securities of Citigroup, Inc.&nbsp;
BEN
Franklin Resources, Inc.
Glenn Schorr holds a long position in equity securities of Franklin Resources, Inc.&nbsp;
GS
Goldman Sachs Group Inc.
IVZ
Invesco Ltd.
JPM
JPMorgan Chase & Co.
Glenn Schorr holds a long position in equity securities of JPMorgan Chase &amp; Co.&nbsp;
KKR
KKR & Co. Inc.
Evercore ISI or an affiliate has acted as a manager or co-manager of a public offering of securities by KKR & Co. Inc. in the last 12 months.
KKR & Co. Inc. is a client of Evercore LLC, and Evercore LLC has provided investment banking services to KKR & Co. Inc. in the last 12 months.
Evercore ISI or an affiliate has received compensation from KKR & Co. Inc. for investment banking services in the last 12 months.
MS
Morgan Stanley
Glenn Schorr holds a long position in equity securities of Morgan Stanley.
NTRS
Northern Trust Corp.
Glenn Schorr holds a long position in equity securities of Morgan Stanley.
STT
State Street Corp.
Glenn Schorr holds a long position in equity securities of State Street Corp.
TROW
Rowe Price Group, Inc.
Evercore ISI or an affiliate has received compensation for products or services other than investment banking services from T. Rowe Price Group, Inc. in the last 12 months.
Rowe Price Group, Inc. is a client of Evercore ISI or an affiliate and Evercore ISI or an affiliate has provided non-investment banking securities-related services to T. Rowe Price Group, Inc. in the last 12 months.
CG
The Carlyle Group Inc.
The Carlyle Group Inc. is a client of Evercore LLC, and Evercore LLC has provided investment banking services to The Carlyle Group Inc. in the last 12 months.
An employee, employee's immediate family member, director or consultant of Evercore ISI or one of its affiliates (but not the covering research analyst or a member of the covering research analyst's household) is an officer, director or advisory board member of The Carlyle Group Inc..
Evercore ISI or an affiliate has received compensation from The Carlyle Group Inc. for investment banking services in the last 12 months.
TPG
TPG Inc
TPG Inc is a client of Evercore LLC, and Evercore LLC has provided investment banking services to TPG Inc in the last 12 months.
Evercore ISI or an affiliate expects to receive or intends to seek compensation for investment banking services from TPG Inc within the next three months.
Evercore ISI or an affiliate has received compensation from TPG Inc for investment banking services in the last 12 months.

Bullish Signs Continue - The Friday Market Wrap!

Subscribe to The Real Eisman Playbook on Apple Podcasts: https://podcasts.apple.com/si/podcast/the-real-eisman-playbook/id1818671690 
In this episode of the Weekly Wrap, Steve Eisman discusses the current state of the market, highlighting the recent performance of the S&P 500 and NASDAQ, the impact of earnings reports from major companies, and the evolving landscape of stablecoins and financial technology. He also addresses regulatory challenges and the potential risks of a trade war, emphasizing the dynamic nature of the US economy. 
 
00:00 Introduction and Market Overview 02:53 Market Dynamics and Economic Insights 05:50 Earnings Reports and Sector Performance 08:46 Stablecoins and Financial Technology 12:03 Regulatory Challenges and Market SentimentConnect 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. 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. Copyright ©2025 Steve Eisman

Is Capitalism Flawed? Fixing and Regulating Free Markets

In this conversation, Steve Eisman and John Cassidy explore the themes of capitalism and its critics, discussing historical perspectives, key figures like Marx, Keynes, and Friedman, and the evolution of economic thought. They delve into the financial crisis, the role of regulation, and the future of capitalism, emphasizing the need for a balanced approach to managing the system. 
 
00:00 The Evolution of Capitalism 02:37 Critiques of Capitalism Through History 05:46 The Role of Key Figures in Economic Thought 12:50 Marx's Critique and Its Implications 24:04 The Rise of Keynesian Economics 30:50 The Shift to Monetarism and Friedman 37:00 Minsky's Financial Instability Hypothesis 44:00 Lessons from the Financial Crisis 53:00 The Debate on Regulation and Capitalism 57:40 Current Economic Models and Future Directions
 
Subscribe to The Real Eisman Playbook on Apple Podcasts: https://podcasts.apple.com/si/podcast/the-real-eisman-playbook/id1818671690
 
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.
 
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.
 
Copyright ©2025 Steve Eisman

Earnings, Geopolitics, and Sectors - The Friday Market Wrap!

In this week's Market Wrap, Steve Eisman discusses the current state of the market, focusing on the lack of significant earnings reports and the impact of geopolitical events, particularly the Iran-Israel conflict. He delves into the challenges facing the solar sector due to legislative changes and the housing market's struggles amid rising interest rates. Eisman also addresses concerns regarding private credit and its potential implications for the economy, emphasizing the importance of monitoring these trends as they develop. 00:00 Introduction and Show Updates 01:10 Market Overview and Earnings Season Insights 03:30 Geopolitical Influences on the Market 04:15 Solar Sector Challenges 05:30 Housing Market Dynamics 09:45 Private Credit Concerns and Economic Outlook
 
Subscribe to The Real Eisman Playbook on Apple Podcasts: https://podcasts.apple.com/si/podcast/the-real-eisman-playbook/id1818671690 
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. 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. Copyright ©2025 Steve Eisman