Assertion certainty 4/5 debate potential 2/5

Collins: Steve Eisman uniquely called out crooked CEOs when others stayed silent

Porter Collins · Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325) · Jul 3, 2023 · at 58:57

Seawolf Capital co-founder Porter Collins reflects on working with mentor Steve Eisman (portrayed in 'The Big Short') and his confrontational style toward corporate management.

0:00 / 0:11exact quote · 11.3s
720p mp4 · rendered on demand · StarZero watermark
“One of the things that Steve did, and there's really not many other people that do this, is call out CEOs. And he did it one after the other, and he was not afraid to do it.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Porter Collins

Opinion
Collins: Citadel's pod shop model is risk management, not actual investing
“No one has done it better than Ken Griffin. But one of the things that really struck me was that it's not investing. There's actually no part of investing to it. It's managing a bunch of tickers within a risk framework.”
Porter Collins Jul 3, 2023 ▶ 22:14 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)
Opinion
Collins: Discretionary investors cannot beat Citadel analysts or automated quantitative machines
“Because we can't beat the machines. You cannot beat the Citadel analysts. There's 50 of them all looking at the same name and back book behind it, and it's hard to beat that.”
Porter Collins Jul 3, 2023 ▶ 33:55 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)
Prediction Not checkable as stated
Collins: US banking system won't recover until Fed cuts rates 400 bps
“Nothing's going to change until the Fed cuts rates, 400 basis points.”
Porter Collins Jul 3, 2023 ▶ 38:31 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)
Assertion Not checkable as stated
Collins: FrontPoint risk managers opposed entering the famous subprime short trade
“The extent of the risk management that occurred at Frontpoint, there were two risk managers, lovely guys, but the only thing that they really pushed back against us was on getting in the subprime trade because they said, well, you'll never get out of this thin…”
Porter Collins Jul 3, 2023 ▶ 13:24 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)
Insight
Collins: Sophisticated analytical investing does not reconcile with QE-flooded markets
“Being a sophisticated, analytical investor to markets flooded with QE doesn't quite reconcile.”
Porter Collins Jul 3, 2023 ▶ 19:26 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)
Disclosure
Collins: Seawolf Historically Shorted Banks for 15 to 20 Years
“And as long as I've been an investor and doing banks, I've hated banks, and there's been a lot of bad management teams, and so we historically, for 1520 years, had been short banks along other parts of financial services.”
Porter Collins Jul 3, 2023 ▶ 27:50 Porter Collins and Vincent Daniel - Big Shorts and Big Longs (Capital Allocators, EP.325)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 700 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.