The character Steve Eisman described in Chapter one “A SecretOrigin Story,” in Michael Lewis book “The Big Short,”worked in Wall Street as an Equity analyst. He was formerly a lawyerbut quit his job to join his parent’s brokerage firm. A straightforward character who told the truth as it is and established himselfas one of the few analysts in Wall Street whose opinion reallystirred the stock market. When working with Aames Financial, Eismanpublished his findings about how the company withheld informationfrom the investors about possible bond failure. In addition to this,most of the CEO who met Eisman loathed him for his honesty. Thisessay describes Steve Eisman traits that made him a key character inLewis book. The character Steve Eisman is a Wall Streetersecond-generation with a foul mouth and falls short of social graces.Furthermore, as a result of his relentless condemnation of subprimemortgage industry as a Ponzi scheme, Eisman rose to become the mostimportant analyst in wall street when his prediction come to pass.
Steve Eisman Background
Eisman was a former Harvard university law student who after workingas lawyer for sometime found no passion in the job. His parent hiredhim as an assistant equity analyst at Oppenheimer where he met anOppenheimer banker who was to change his life forever. The bankerwanted to work for Aames Financial and thus wanted information aboutthe company. After disclosing crucial information about the companyleading it trouble. The other company was Lomas Financials wherebyEisman in his analysis described that investing in the company waslike simply throwing away money since the company made losses inevery likely interest rate environment. This statement placed thecompany back to bankruptcy shortly after the publication of hisanalysis. This marked the beginning of Steve Eisman “Secret OriginStory.”
Courageous: Steve Eisman can be described as a fearless character, atrait that makes him a fitting key character in Lewis story of SecretOrigin Story. To become successful in stock market and make a namerequired one to be courageous. This is evidenced in the text wherebywe are told that most of the analyst at Oppenheimer failed to raiseto the top because they did not have enough courage make enoughnoises nor take huge risk. Eisman despite starting as a junior equityanalyst was able to express his opinion and be make predictions thatwere right.
After discovering the secret to rise to the top from a humblebeginning The Eisman stopped at nothing. Those who worked under himdescribed him as a fearless leader who protected both the women andjunior staff working. The text describe him as man not intimidated byimportant men: he walked away without excusing himself in a lunchmeeting with investors and the head of one of the big U.S brokeragefirm. In addition to this, he openly criticized the CEO of aJapanese company who had presented to him a financial statement whichfell short in disclosing the all the required financial information(Lewis 8).
is a perfect title describing how the characterSteven Eisman comes from a humble beginning to a successful stockmarket analyst. Eisman courage in speaking out his mind distinguishedhim from the rest of the analyst. His opinion become valuable andpeople started looking up to him for financial advice.
Lewis, Michael. The Big Short: Inside the Doomsday Machine.New York: W.W. Norton, 2011. Print.