Words matter. These are the best Steve Eisman Quotes, and they’re great for sharing with your friends.
Financial innovation is an oxymoron. It’s very rare that there is something that’s actually financial innovation. It’s a euphemism for hiding leverage.
I’m shorting two stocks in the U.K., but I’ve got a screen of about 50, and I might short all 50 if I think Jeremy Corbyn is going to be prime minister.
Alan Greenspan is the worst Chairman of the Fed in history.
When I started out as an equity analyst, we had no securitization data. We relied on company data.
The world needs more standardization, less innovation.
Nobody is going to invest in the Italian banks unless they trust their balance sheets.
Citi is the cheapest large bank.
When you’re levered 9 to 1, it’d be unreal for a bank to go down.
What value does cryptocurrency actually add? No one’s been able to answer that question for me.
I thought that there would never again be an opportunity to be involved with an industry as socially destructive and morally bankrupt as the subprime mortgage industry. I was wrong. The for-profit education industry has proven equal to the task.
I’m not really worried about England’s banks.
To say that past managements of Citigroup were poor would be a kindness.
I don’t think anybody has any idea what the economic impact of Brexit will be.
Deutsche Bank has a very simple problem. It doesn’t make money.
If you ever had the misfortune of reading all 2,000 pages of Dodd-Frank, which I have done – and it almost killed me – basically, all it does is create a list of all the things it wants the Fed to fix.
People always come up to me and ask what the next ‘big short’ will be. The truth is I simply do not have an answer, and do not want to have an answer, to this question.
I’m flattered anybody would call me a legend.
The cultural issues, I think, at Wells Fargo went very, very deep. They have to unwind these cultural issues.
I know my Trotskyites well, and I know you don’t want to be invested in the U.K. if a Trotskyite is prime minister.
The single greatest line I ever wrote as an analyst was after Lomas said they were hedged: ‘The Lomas Financial Corporation is a perfectly hedged financial institution: it loses money in every conceivable interest rate environment.’ I enjoyed writing that sentence more than any sentence I ever wrote.
The only thing that I know for sure is that the people who invest in the U.K., those investors, believe strongly that the ramifications of a hard Brexit are very bad, and they believe that a recession will take place in the U.K., and that would clearly be negative for banks of the U.K.
I have no negative stories about Deutsche Bank, period.
Running my fund in 2008 felt a little like being Noah. Noah builds his ark, and he puts his family on the ark, and off they go. So he and his family are safe, and everybody else is dying.
Once in a blue moon, an entire industry is a good short.
I don’t see the value in Tesla.
It’s not hard to have a second act. It’s just that the second act’s not going to be as exciting.
I hated being a lawyer.
Elon Musk is a very, very smart man, but there are a lot of smart people in this world, and you’ve got to execute. He’s got execution problems.
The one stock in my portfolio which I say hasn’t worked yet but has the potential for a big home run is General Motors.
I’ve always felt there was something wrong with Wells Fargo’s culture, for a very, very long time.
