Matt Levine, Columnist

Everyone Loves the $100 Million Deli

Also Hertz, corporate access, a Credit Suisse lawsuit and HSBC hot desks.

April 19, 2021 at 12:42 PM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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I think there are two interesting questions about David Einhorn’s least favorite deli: Why was it worth so much on Thursday, and why was it worth so much on Friday? Those strike me as very different questions.

So. On Thursday, Einhorn’s Greenlight Capital published a quarterly investor letter that mentioned Hometown International Inc., which is a deli, as an example of the insanity of the current stock market:

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