Steve Eisman shot to fame in 2008 when he shorted collateralized debt obligations (CDOs) that were tied to mortgage bonds. He was profiled by bestselling author Michael Lewis in The Big Short, which was adapted into a hit movie. But the subprime crisis was just another area where he spotted opportunity at the most apropos time.
Eisman, 61, is now a managing director at Neuberger Berman, a huge entity with over $450 billion in assets under management.
With the market volatility daily, which is seemingly due to any number of macro events – political gridlock in Washington, the war in Ukraine and Israel, inflation, and high interest rates – the time to take a deep dive into what 2024 holds seems like a good bet.
In October, the Wall Street Journal reported Eisman was buying bonds for the first time in his career. And with the government investing into the nation’s crumbling infrastructure, Eisman’s thesis was centered around what he called “revenge of the old school.”
“This is the first industrial policy in the U.S. we’ve seen in several decades,” Eisman told the Journal
. “The money isn’t spent yet – it’s the government, it doesn’t take a week. There has been no revenue impact at this point, and I don’t think most of the spending has been embedded in any stocks.”
Eisman also made headlines in recent weeks by calling out his alma mater, the University of Pennsylvania, for failing to defuse the antisemitic sentiments emanating from students during the start of the Israel-Hamas war.
Eisman will address the markets and other issues in an exclusive hour-long conversation hosted by the Harvard Business School Club of New York. Join us for this insightful and candid discussion as we kick-off the new year.
6:00 pm Check-In; Event from 6:30 pm to 8:00 pm
FOR SECURITY REASONS, NO WALK-INS ARE PERMITTED
Pre-registration is required and will close at Noon on Tuesday, January 9th, 2024.
Please note that no refunds will be issued.