The Real Eisman Playbook
Business & Finance
About
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
- S&P Hits New Highs as Tech Earnings Crush Recession Fears | The Weekly Wrap
On this episode of The Weekly Wrap, Steve Eisman discusses how strong earnings, surging AI investment, and dominant tech leadership are driving the market higher. He analyzes results from companies like Palantir, AMD, Disney, and Shopify,…
- Is a Market Melt-Up Coming? Why Tech & Semis Are Dominating Again | The Real Eisman Playbook Ep 58
Steve Eisman, Chris Verrone, and Todd Sohn analyze recent market movements, focusing on the strong performance of tech, semis, AI, banks, and power, while examining the struggles of gold. They also discuss whether a market melt-up is immin…
- Earnings Keep the Market Strong Despite Signs of Consumer Weakness | The Weekly Wrap
Steve Eisman analyzes how strong earnings are driving market growth despite consumer weakness. He also examines the influence of AI-driven capital expenditure, the UAE's departure from OPEC, increasing oil prices, and the ongoing conflict…
- Apollo's Private Credit Exposure: Chris Edson Weighs In | The Real Eisman Playbook Ep 57
On episode 57 of The Real Eisman Playbook, Steve Eisman and Chris Edson of Apollo discuss Apollo's private credit business. They cover topics such as Apollo's exposure to software, their origination platform, competitors, and industry tren…
- Is a Recession Coming? What 100+ Companies Are Telling Us | The Weekly Wrap
On this episode of The Weekly Wrap, Steve Eisman examines earnings reports from over 100 companies to consider if a recession is on the horizon. He also discusses developments in private credit, the health insurance sector, and FICO, in ad…
- Market Patterns Work and Jeffrey Hirsch Explains Why | The Real Eisman Playbook Ep 56
On episode 56 of The Real Eisman Playbook, Steve Eisman and Jeffrey Hirsch discuss recurring market patterns, including those that have stopped working, Bitcoin's seasonal performance, and the influence of human psychology on market rhythm…
- Bank Earnings Are In: Here’s What They’re REALLY Saying About the U.S. Economy | The Weekly Wrap
This episode of "The Weekly Wrap" on The Real Eisman Playbook features Steve Eisman discussing bank earnings and their implications for the U.S. economy, along with geopolitical tensions. He also answers viewer questions on various financi…
- John Spencer on What the Headlines Get Wrong About the Iran War | The Real Eisman Playbook Ep 55
On episode 55 of The Real Eisman Playbook, Steve Eisman and John Spencer discuss the Iran war, including U.S. objectives, Iranian strategy, the Strait of Hormuz, and NATO. They also explore the broader geopolitical implications of the war.
- Catching a Falling Knife: The Truth About Software Stocks Today | The Real Eisman Playbook Ep 54
On "The Real Eisman Playbook" episode 54, Steve Eisman and Rob Oliver analyze the current state of the software sector, including company valuations and future prospects. They discuss why software stocks have declined and what factors cont…
- Q1 Market Recap: How Private Credit, AI, & War Have Dominated 2026 So Far | The Weekly Wrap
Steve Eisman provides a Q1 2026 market recap, covering the impact of private credit, private equity, and the ceasefire in Iran. The episode also includes a discussion on various sectors and responses to viewer questions from the mailbag.
- Is Private Credit the Next Systemic Crisis? Steve Liesman Weighs In | The Real Eisman Playbook Ep 53
Steve Eisman and Steve Liesman discuss the potential for a systemic crisis in private credit, the impact of oil shocks, Federal Reserve uncertainty, and the current state of the U.S. economy.
- The Private Credit Reckoning is Coming: Executives Are Mistaking Luck For Genius | The Weekly Wrap
Steve Eisman discusses risks in the private credit sector, comparing them to trends seen before the Great Financial Crisis. He also addresses the Iran war and answers viewer questions regarding hedge fund psychology and GameStop.
- Inside the Iran War with Steven Cook: What’s REALLY Happening? | The Real Eisman Playbook Ep 52
Steve Eisman meets with Middle East expert Steven Cook to explore the current conflict involving Iran. The discussion covers geopolitical dynamics, including the roles of the U.S., China, and Russia, as well as potential future development…
- The Iran War is Masking Economic Problems: Why Housing is So Expensive | The Weekly Wrap
Steve Eisman discusses economic risks related to the war in Iran and the private credit cycle. The episode also features an interview with Meritage Homes CEO Phillippe Lord on factors impacting housing affordability in the U.S.
- The Only Health Insurance Stock You Can Own with Michael Ha | The Real Eisman Playbook Episode 51
Steve Eisman and healthcare analyst Michael Ha discuss the health insurance industry on this episode of The Real Eisman Playbook. They examine challenges facing companies like UnitedHealth and Molina, evaluate the current Medicare and Medi…
- Private Credit Risks Explained, Oil Surges Above $100 | The Weekly Wrap
Steve Eisman discusses the impact of the war in Iran on oil prices and analyzes rising risks within the private credit market. The episode also features mailbag questions covering SoFi and an interview with Mark Cuban.
- Mark Cuban Shares His Plan For Fixing Drug Prices in America | The Real Eisman Playbook Ep 50
In this episode of The Real Eisman Playbook, Steve Eisman interviews Mark Cuban about the causes of high prescription drug prices in the U.S. and the role of pharmacy benefit managers (PBMs). Cuban also discusses his efforts to increase tr…
- The Iran War Crisis: Ex-CIA Analyst Helima Croft on Oil Shock & Energy Risk | The Weekly Wrap
Steve Eisman speaks with former CIA analyst and RBC commodity strategist Helima Croft about the implications of the conflict in Iran. They address market uncertainty, potential outcomes, and the US government's response to the war.
- Private Credit Cracks, The AI "Boogeyman" & Why Crypto is for Boomers | The Real Eisman Playbook Episode 49
In episode 49 of The Real Eisman Playbook, Steve Eisman discusses private credit and equity risks, AI's impact on financial services, cryptocurrency, bank M&A, and the payments industry with guests Glenn Shorr and Dwight Collins.
- Iran War Volatility, Private Credit Fears Grow, & Solar Continues to Crash | The Weekly Wrap
Steve Eisman discusses the impact of the war in Iran on market volatility, risks in private credit, and the ongoing decline in solar stocks. This episode also covers health insurance stocks, MongoDB, Block, and responses to viewer mailbag…
- The Next Financial Crisis? Private Equity, Private Credit & Life Insurance | The Real Eisman Playbook Ep 48
Steve Eisman and Tom Gober discuss the role of private equity in the life insurance industry, focusing on how firms like Apollo, KKR, and Brookfield manage policyholder premiums and liabilities.
- Trump Tariff Turmoil, Private Credit Risk Grows, & AI’s Software Fears | The Weekly Wrap
Steve Eisman discusses the Supreme Court's decision on Trump's tariffs, risks in private credit, AI software concerns, and recent earnings reports including NVIDIA and Salesforce. The episode concludes with a listener mailbag segment on ma…
- George Noble on Gold’s Rise, Crypto Doubts & Tesla’s Struggles | The Real Eisman Playbook Ep 47
Steve Eisman hosts George Noble from Fidelity to discuss market trends, including gold and silver, cryptocurrency skepticism, Tesla's performance, energy stocks, and a negative outlook on the technology sector.
- Flight to Safety Begins, Private Credit Cracks & the Software Bloodbath Continues | The Weekly Wrap
Steve Eisman discusses market trends including the flight to safety, developments in private credit, and recent software earnings. The episode also covers media industry negotiations, specific company performance updates, and viewer questi…
- Daniel Guetta on the Guts of AI, Agentic AI & Why LLMs Hallucinate | The Real Eisman Playbook Ep 46
Steve Eisman speaks with Columbia professor Daniel Guetta about AI, covering how large language models function, business applications, agentic AI, and why LLMs hallucinate. They also discuss topics previously raised by guest Gary Marcus.
- AI Panic Spreads, Health Insurers Crack & Retail Keeps Buying | The Weekly Wrap
Steve Eisman discusses the expansion of AI market concerns, structural challenges in the health insurance sector following Molina's earnings, and the ongoing trend of retail investors buying market dips on The Weekly Wrap. The episode also…
- Consumer VibeCession & Private Credit Risk with Lakshmi Ganapathi | The Real Eisman Playbook Episode 45
Steve Eisman and Lakshmi Ganapathi of Unicus Research discuss current US consumer stress, the possibility of a silent recession, the used car market, commercial real estate, the Yen carry trade, and risks associated with private credit.
- Crypto & Silver Collapse, Software Gets Obliterated, & Two Stock Recommendations | The Weekly Wrap
Steve Eisman discusses market trends including the decline of silver and crypto, as well as the performance of software stocks and recent earnings from several companies. He also provides analysis on Charter Communications and Meritage Hom…
- Jason Trennert on Populism, Policy & a Distorted Market System | The Real Eisman Playbook Ep 44
Steve Eisman and Jason Trennert discuss the impact of populism, policy decisions, and private capital on the modern market system. They explore several financial topics, including current economic conditions, market valuation, and the infl…
- Silver Goes Crazy, United Healthcare is Falling, & AI’s CapEx is Exploding | The Weekly Wrap
In this episode of The Weekly Wrap, Steve Eisman analyzes the market impact of the silver surge and China's export ban. He also discusses recent earnings and market developments, covering UnitedHealthcare, Meta, Microsoft, and various othe…
- The Mystery of Stablecoins, Visa, & Fiserv’s Collapse with Ken Suchoski | The Real Eisman Playbook Episode 43
Steve Eisman and analyst Ken Suchoski discuss the dynamics of the payments industry, including stablecoins, traditional payment networks like Visa and Mastercard, and recent developments involving Fiserv, PayPal, Block, and Toast.
- The “Lone Wolf” Effect: Trump, Burry & a Market on Edge | The Weekly Wrap
Steve Eisman discusses the market impact of figures like Donald Trump and Michael Burry, while reviewing topics including Nvidia's new chip, regional bank earnings, housing affordability, private equity, and recent developments at Netflix…
- Gary Marcus on the Massive Problems Facing AI & LLM Scaling | The Real Eisman Playbook Episode 42
Steve Eisman interviews Gary Marcus to examine the current state of AI and the limitations of large language models. The discussion covers AI hallucinations, diminishing returns in model scaling, and the business outlook for the technology.
- Why Bank Earnings Are Essential to Understanding the Market in 2026 | The Weekly Wrap
Steve Eisman discusses the connection between his 2025 and 2026 investment themes, recent major bank earnings, affordability trends, and the investigation into Fed Chair Jerome Powell.
- The Broken US Healthcare System is Failing Millions of Americans with Warris Bokhari | The Real Eisman Playbook Episode 41
Steve Eisman and Warris Bokhari of Claimable discuss the US healthcare crisis, focusing on the impact of AI-driven claim denials, outdated policies, and profit pressures on patient care. The conversation also covers potential solutions and…
- 5 Long-Term Themes You Need to Understand For 2026 | The Weekly Wrap
In this episode of The Weekly Wrap, Steve Eisman outlines five structural themes for the 2026 market, including the role of tech stocks and index investing. He also discusses market ramifications related to Venezuela and addresses a listen…
- 2026 Predictions with Dan Ives and Chris Verrone | The Real Eisman Playbook Episode 40
Steve Eisman discusses 2026 market outlooks with guests Dan Ives and Chris Verrone. The panel covers topics including AI, the housing market, Tesla, financial sectors, and Federal Reserve interest rate policy.
- Steve Eisman's Masterclass on the 2008 Financial Crisis (Part Two) | The Real Eisman Playbook Ep 39
In this episode of The Real Eisman Playbook, Steve Eisman continues his masterclass on the 2008 financial crisis. He explains the factors leading to the collapse and discusses the aftermath of the event and the current state of the markets.
- Steve Eisman's 2025 Wrap Up: 4 Themes Defining the Market Today | The Weekly Wrap
In this 2025 year-end edition of The Weekly Wrap, Steve Eisman discusses four key market themes: the K-shaped economy, the AI bubble debate, private credit risks, and the affordability crisis. He also provides an analysis of the performanc…
- Steve Eisman's Masterclass on the 2008 Financial Crisis (Part One) | The Real Eisman Playbook Ep 38
In this episode of The Real Eisman Playbook, Steve Eisman provides an overview of the 2008 financial crisis. This first part of his masterclass covers the fundamentals of how banks operate, the misinterpretation of risk, and the overlooked…
- Netflix & Paramount’s WBD Fight Heats Up + Oracle Falls as AI Doubts Grow | The Weekly Wrap
Steve Eisman analyzes the competition between Netflix and Paramount for Warner Bros. Discovery, noting uncertainty about Netflix's deal. He also covers Oracle's stock decline, growing concerns about AI, and provides housing market updates.
- Inside the Industrial Comeback & AI’s Power Crisis with Nigel Coe | The Real Eisman Playbook Ep 37
Steve Eisman hosts Nigel Coe on The Real Eisman Playbook to discuss the industrial sector, including the year in AI stocks, the housing market, GE Vernova, and the AI power crisis.
- The Housing Market is Broken: Why Homes Are Unaffordable & What It Takes to Fix It | The Weekly Wrap
Steve Eisman analyzes the current market on The Weekly Wrap, touching on the housing affordability crisis caused by supply issues, the ineffectiveness of Fed rate tinkering, the crypto correction, and AI
- Steve Eisman Reflects on 2008, The Big Short & Today’s K-Shaped Economy | The Real Eisman Playbook Episode 36
In this episode of The Real Eisman Playbook, Steve Eisman speaks at Case Western Reserve University, detailing the 2008 financial crisis, its portrayal in "The Big Short," and addressing audience questions about the current market and Amer…
- Google Surges Past OpenAI and AI Faces a Bigger Crisis That Could Break the Boom | The Weekly Wrap
In The Weekly Wrap, Steve Eisman analyzes Google's Gemini 3 surpassing OpenAI, drawing parallels to the railroad revolution. He also covers Dell's earnings, Michael Burry's warnings, and a potential power crisis impacting the AI boom.
- Why It’s So Difficult For Companies to Go Public: A CFO Explains the Process | The Real Eisman Playbook Episode 35
In this episode of The Real Eisman Playbook, host Steve Eisman interviews Amy Butte, CFO of Navan and former CFO of the New York Stock Exchange. They discuss the complexities and challenges involved in the process of a private company goin…
- NVIDIA’S Explosive Growth Can’t Hide the Market’s AI Panic | The Weekly Wrap
On The Weekly Wrap, Steve Eisman analyzes NVIDIA's significant growth despite broader AI market concerns. The episode also covers earnings reports from major retailers like Home Depot, Target, Lowe's, and Walmart, along with listener quest…
- Inside Publishing’s Big Shakeup: AI, TikTok & the Battle Ahead | The Real Eisman Playbook Episode 34
Steve Eisman hosts Regina Brooks, Jennifer Weis, and Anthony Ziccardi to discuss changes in the publishing industry, including the impact of AI and BookTok, power dynamics, and future outlook.
- The Shutdown Ends, Burry’s New AI Warning & Disney Stumbles | The Weekly Wrap
In this episode of The Weekly Wrap, Steve Eisman analyzes the recent government shutdown, Michael Burry's concerns regarding AI and accounting, and financial difficulties faced by Disney and Paramount. The discussion also covers earnings r…
- The Private Credit Panic: Why Wall Street’s Big Winners are Now Losing | Real Eisman Playbook Ep 33
Steve Eisman and Glenn Schorr discuss the current pressure on private lenders such as Apollo and Blackstone, the risks present in the credit markets, and how investors should approach the evolving financial landscape.