Eat My Shorts
It’s a fun day to be David Einhorn: As Green Mountain Coffee Roasters stock plummeted in the wake of disappointing second quarter results, the Greenlight Capital hedge fund manager—famously short Green Mountain, maker of K-cup coffee pods—published a 4,000-word homily in Huffington Post that ranges from jelly donuts to the Simpson family’s financial future to Read More
Poor Mr. Met
Any Mets fan can tell you that things just have a way of ending ugly around the franchise. Whether they be a family day at the ballpark (see: former closer Francisco Rodriguez attacking his girlfriend’s father in the family lounge after a game), to epic collapses on the field (see: 2007, 2008), to careers that looked bright (see: too many to mention in parenthetics), it just seems like the team and the organization behind it can snap defeat from the jaws of victory at any time.
This feeling has pervaded the franchise and its fan base for almost a quarter of a century and the mystery behind its cause has been philosophically chocked up to the ineffable, existential pain of being the “other baseball team” in town.
But in a conference call today with David Einhorn, the wunderkind billionaire hedge fund manager of Greenlight Capital, some light was potentially shed on a more concrete cause of what ails “The Amazins.” After a very public courtship and semi-public negotiations that seemed all but wrapped up, Mr. Einhorn announced this morning that he had broken off negotiations with Mets ownership after being unpleasantly “surprised” by the behavior of Fred Wilpon and company during the final days and weeks over what seemed to him like a done deal.
The Federal Reserve today released the minutes from its Dec. 14 meeting to determine just how much money it would create out of thin air as part of its continuing effort to stimulate the economy.
The Fed determined that labor demand was increasing but not enough to stave off high levels of unemployment. Read More
Dealbreaker’s Bess Levin, twisted genius of the financial blogosphere, sat down to play heads-up poker with Greenlight Capital’s David Einhorn in what is probably the most adventurous stopover on Mr. Einhorn’s promotional tour for the latest edition of his Fooling Some of the People All of the Time.
The result is an incredible Read More
As part of his media tour to promote the paperback version of his book, Fooling Some of the People All of the Time: A Long Short Story, Greenlight Capital head David Einhorn appeared on Charlie Rose to talk about how messed up the economy is. In response to questions about whether Lehman Brothers Read More
David Einhorn, the Greenlight Capital manager who can puncture a stock’s price with a mere flap of his gums, has joined Sarah Palin, China, Germany and many others in criticizing the Federal Reserve’s recently announced $600 billion bout of quantitative easing.
From The New York Times:
“It is Read More
That Folksy Billionaire
The financial world’s sewing circles are abuzz with a rumor that Greenlight Capital fund manager, stock-market price chopper and pretty good poker player David Einhorn turned down Warren Buffett’s offer to start running money for Berkshire Hathaway.
Observing that hedge fund manager Li Lu and one other candidate had apparently been considered Read More
David Einhorn, the hedge-fund manager who famously made a fortune by short-selling shares of Lehman Brothers as the company plunged into bankruptcy, said today that shares of St. Joe, a Florida real-estate developer, could go to zero. The stock promptly took a nearly 10 percent tumble and finished out the day’s trading down Read More