Steve Eisman is known for having bet against the housing market prior to the Great Financial Crisis in a trade immortalized by Michael Lewis in The Big Short. So what is he betting on now? In a special live episode of Odd Lots, recorded at the Bloomberg Invest summit, the Neuberger Berman portfolio manager discusses the recent banking turmoil (he thinks it's contained), the boom in anything related to AI, and his current bets on US manufacturing and infrastructure. He also talks about investing in rewiring the nation's electricity grid and why he thinks this theme has years left to play out.

Steve Eisman is known for having bet against the housing market prior to the Great Financial Crisis in a trade immortalized by Michael Lewis in The Big Short. So what is he betting on now? In a special live episode of Odd Lots, recorded at the Bloomberg Invest summit, the Neuberger Berman portfolio manager discusses the recent banking turmoil (he thinks it's contained), the boom in anything related to AI, and his current bets on US manufacturing and infrastructure. He also talks about investing in rewiring the nation's electricity grid and why he thinks this theme has years left to play out.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Tuesday and Thursday for interviews with the most interesting minds in finance, economics and markets.

Odd Lots

On Bloomberg’s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

On Bloomberg&rsquo;s Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. Join the conversation every Monday, Thursday, and Friday.

Steve Eisman on Banks, AI and His Next Big Bet

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/333b5fa7-682d-4d8a-8215-b022014d50ca/transcript

NYC Mayor Zohran Mamdani has certain ideas that make mainstream economists' head explode. Anything in the ballpark of rent control, specifically, is widely derided by defenders of the orthodoxy. But how did the orthodoxy become the orthodoxy? And how did the heterodoxy become the heterodoxy? On this episode, we speak with Jamee Moudud, a professor of economics at Sarah Lawrence College and author of the new book, Legal and Political Foundations of Capitalism. His scholarship sits at the intersection of economics and legal theory. He argues that one can not analyze the economy as if it were some separate thing that exists outside of the institutional and political realities of the time. We discuss the history of economics in the 19th and 20th centuries, and why certain ideas were adopted by the field, while others discarded and relegated to the margins.

Read more:
Mamdani Stacks NYC Board to Carry Out Promised Rent Freeze
Mamdani Threatens to Hike NYC Property Tax to Fill Budget Hole

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation:discord.gg/oddlots

NYC Mayor Zohran Mamdani has certain ideas that make mainstream economists' head explode. Anything in the ballpark of rent control, specifically, is widely derided by defenders of the orthodoxy. But how did the orthodoxy become the orthodoxy? And how did the heterodoxy become the heterodoxy? On this episode, we speak with Jamee Moudud, a professor of economics at Sarah Lawrence College and author of the new book, Legal and Political Foundations of Capitalism. His scholarship sits at the intersection of economics and legal theory. He argues that one can not analyze the economy as if it were some separate thing that exists outside of the institutional and political realities of the time. We discuss the history of economics in the 19th and 20th centuries, and why certain ideas were adopted by the field, while others discarded and relegated to the margins.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-02-18/mamdani-stacks-nyc-board-to-push-through-promised-rent-freeze?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Mamdani Stacks NYC Board to Carry Out Promised Rent Freeze</a> <a href="https://www.bloomberg.com/news/articles/2026-02-17/mamdani-plans-to-hike-nyc-property-tax-to-fill-5-billion-hole?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Mamdani Threatens to Hike NYC Property Tax to Fill Budget Hole</a>
Only <a href="http://Bloomberg.com" data-inline-card="" data-card-data="">http://Bloomberg.com</a> subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at&nbsp; <a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">bloomberg.com/subscriptions/oddlots</a>
<a href="http://bloomberg.com/subscriptions/oddlots" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">discord.gg/oddlots</a>

Jamee Moudud on the Intellectual Roots of Zohranomics

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/59b2863d-d2fe-4fc9-b836-b3f701751323/transcript

This year could be a big one for IPOs. From Anthropic to SpaceX to OpenAI, we could see some gigantic companies hit the public market. But of course, the big story is that big, thriving companies feel less and less pressure to go public. In a different era, private giants like Databricks and Stripe might've IPO'd a long time ago. So what's changed? Why are companies comfortable staying private for so long? On this episode, we speak with David George, a general partner at Andreesen Horowitz, who leads the firm's growth investing team. He discusses how private markets have grown deeper and more liquid, which greatly reduces the need for companies to have public stock at all. We also talk about how he's thinking about the AI disruption trade, and when it makes sense for these private giants to bite the bullet and expose their stock to public investors.

Read more:
Private Equity Targets Clean Energy After Steep Drop-Off in 2025
Andreessen Horowitz Backs Unicorn Kavak in $300 Million Round

Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at  bloomberg.com/subscriptions/oddlots

Subscribe to the Odd Lots Newsletter
Join the conversation:discord.gg/oddlots

This year could be a big one for IPOs. From Anthropic to SpaceX to OpenAI, we could see some gigantic companies hit the public market. But of course, the big story is that big, thriving companies feel less and less pressure to go public. In a different era, private giants like Databricks and Stripe might've IPO'd a long time ago. So what's changed? Why are companies comfortable staying private for so long? On this episode, we speak with David George, a general partner at Andreesen Horowitz, who leads the firm's growth investing team. He discusses how private markets have grown deeper and more liquid, which greatly reduces the need for companies to have public stock at all. We also talk about how he's thinking about the AI disruption trade, and when it makes sense for these private giants to bite the bullet and expose their stock to public investors.
Read more: <a href="https://www.bloomberg.com/news/articles/2026-02-19/private-equity-targets-clean-energy-after-steep-drop-off-in-2025?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Private Equity Targets Clean Energy After Steep Drop-Off in 2025</a> <a href="https://www.bloomberg.com/news/articles/2026-02-17/andreessen-horowitz-backs-mexico-unicorn-kavak-in-300-million-equity-round?utm_medium=referral&amp;utm_source=podcast&amp;utm_campaign=odd_lots&amp;utm_content=article" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Andreessen Horowitz Backs Unicorn Kavak in $300 Million Round</a>
Only <a href="http://Bloomberg.com" data-inline-card="" data-card-data="">http://Bloomberg.com</a> subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at&nbsp; <a href="https://www.bloomberg.com/subscriptions/oddlots?in_source=oddlotspodcast" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">bloomberg.com/subscriptions/oddlots</a>
<a href="http://bloomberg.com/subscriptions/oddlots" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-prosemirror-content-type="mark" data-prosemirror-mark-name="link">discord.gg/oddlots</a>

A16Z's David George on How Private and Public Markets Fused Into One

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/5ac07e49-f12a-4a0f-915d-b3f60130ce1a/transcript

The start of the year has been an absolutely brutal one for software companies. There’s a big fear that the rise of AI and advanced coding models will pull the rug out from this industry. But even before these AI fears, software companies were seeing their growth slow. So how does the business actually work? And more importantly, what types of companies will actually survive the “SaaSpocalypse”? (Or maybe “the CaSaaStrophe”?) On this episode, we speak with Jared Sleeper, a longtime software investor who is now a partner at Avenir. We talk about the history of software, the evolution of business models, and where the threat is most acute. He also talks about why investors are so nervous, and their fears that in the long term many of these companies will be worth zero, while in the short term, they’re not even making much money on a GAAP basis.

Read more: Private Software Companies Release Earnings Early to Calm AI Nerves

Subscribe to the Odd Lots Newsletter
Join the conversation: discord.gg/oddlots

The start of the year has been an absolutely brutal one for software companies. There&rsquo;s a big fear that the rise of AI and advanced coding models will pull the rug out from this industry. But even before these AI fears, software companies were seeing their growth slow. So how does the business actually work? And more importantly, what types of companies will actually survive the &ldquo;SaaSpocalypse&rdquo;? (Or maybe &ldquo;the CaSaaStrophe&rdquo;?) On this episode, we speak with Jared Sleeper, a longtime software investor who is now a partner at Avenir. We talk about the history of software, the evolution of business models, and where the threat is most acute. He also talks about why investors are so nervous, and their fears that in the long term many of these companies will be worth zero, while in the short term, they&rsquo;re not even making much money on a GAAP basis. Read more: <a href="https://bit.ly/3MfMTMw">Private Software Companies Release Earnings Early to Calm AI Nerves</a> <a href="http://bloomberg.com/subscriptions/oddlots" data-link-cookie="1" data-destination="http://bloomberg.com/subscriptions/oddlots">Subscribe to the Odd Lots Newsletter</a> Join the conversation: <a href="https://discord.gg/oddlots" data-destination="https://discord.gg/oddlots">discord.gg/oddlots</a>

Jared Sleeper on Which Software Companies Will Survive the "SaaSpocalypse"

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/76d0c28e-da20-4879-bd66-b3f50183cbe0/transcript

Steve Eisman on Banks, AI and His Next Big Bet

In 1 playlist(s)

Odd Lots

Social links

Follow podcast

Recent clips