"I Won't Change a Single Trade"... Wall Street Legend Eisman Explains His Stance

"I Will Not Change a Single Trade"

Steve Eisman, a veteran Wall Street hedge fund manager and one of the real-life figures depicted in the film "The Big Short," has argued that there is no need to overreact to the U.S. and Israel's airstrikes on Iran.

In an interview with CNBC on March 2 (local time), Eisman was asked if he planned to change his investment portfolio due to the military conflict. He responded, "I will not change a single trade."

He said, "From a long-term perspective, this situation is very positive for the market," adding, "Oil prices are currently rising, and the market is reacting sensitively, but if the situation unfolds smoothly, prices will recover to previous levels within two months."

Famous Wall Street hedge fund manager Steve Eisman. Screenshot from Steve Eisman's YouTube channel

Eisman also criticized Iran's theocratic regime as a "death cult" and expressed his support for U.S. President Donald Trump. However, he added, "This conflict will not be resolved in a short period of time."

On this day, the New York Stock Exchange experienced significant volatility following reports that Iran's Supreme Leader, Ayatollah Seyyed Ali Khamenei, had died as a result of bombings by the U.S. and Israel. The market opened with a gap down but recovered as bargain hunters entered. On the New York Stock Exchange (NYSE), the Dow Jones Industrial Average fell 0.15% compared to the previous session, but the Standard & Poor's (S&P) 500 Index rose 0.04% and the Nasdaq was up 0.36%, ending the day slightly lower overall.

Eisman is a former manager at Neuberger Berman Asset Management, who gained prominence for predicting the financial shock caused by the 2008 subprime mortgage crisis.

Meanwhile, following the airstrikes by the U.S. and Israel, Iran has launched retaliatory attacks. In the process, the number of U.S. military personnel killed has risen to six. At a press conference, President Trump predicted that the war would last about four to five weeks but also added, "It could take much longer." U.S. Secretary of Defense Pete Hegseth stated, "The pace of the war is determined by the President," not ruling out the possibility of a prolonged conflict.

This content was produced with the assistance of AI translation services.