Super rare interview with Steve Eisman

Super rare interview with Steve Eisman
The Big Short

Super rare interview with Steve Eisman via Globe & Mail

Steve Eisman is one of the few money managers who predicted the U.S. subprime blow-up—and had the nerve to make gargantuan bets against it. His hedge fund was up more than 70% in 2008. Eisman is a key character in Michael Lewis’s The Big Short and is played by Steve Carell in the movie.

What’s it like being portrayed by a Hollywood star?

Seth Klarman’s 2021 Letter: Baupost’s “Never-Ending” Hunt For Information

Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More

I think it’s a very good movie. And as far as his portrayal of me, it’s not 100%. What I would say is: Eliminate my sense of humour and make me angry all the time, and that’s the portrayal. It’s accurate enough, but it’s not really me.

We’re calling you an “investing legend.” What makes you a legend?

I’m flattered anybody would call me a legend. In some ways, my “fame” is an accident, due to the fact that my area of expertise became ground zero. I did the homework on my own sector, and it turned out that was the most important homework you could have done.

Post-crisis, is the financial system safer than before? Are the systemic risks gone?

If you read the newspapers, sometimes it feels like it could happen again, and from where I sit, that’s just not true. The regulators learned the hard way they were wrong, and they’ve done a lot to correct a lot of the problems. In 2001, Citigroup was levered 22 to 1. In mid-2007, it was levered 33 to 1. Today, it’s levered 10 to 1. The banking system probably hasn’t been this safe in my lifetime.

Is it hard to have a second act when you go through a once-in-a-lifetime event?

It’s not hard to have a second act. It’s just that the second act’s not going to be as exciting.

FUll article here

Updated on

Sheeraz is our COO (Chief - Operations), his primary duty is curating and editing of ValueWalk. He is main reason behind the rapid growth of the business. Sheeraz previously ran a taxation firm. He is an expert in technology, he has over 5.5 years of design, development and roll-out experience for SEO and SEM. - Email: sraza(at)
Previous article Commodities: To Short Or Not? – Dogs Of The Dow Model [INFOGRAPHIC]
Next article Steve Forbes Speaks Out On The Presidential Race, Fed Recklessness, And Gold

No posts to display