Oh, David Einhorn, things are going to get better...we think.

A lot of people woke up to see the news of President Trump's humanitarian-based border control tariffs on Mexican goods[?] and shed a tear over their avocados and limes.

David Einhorn is likely shedding a few over his hedge fund:

Einhorn’s hedge fund, Greenlight Capital, counts GM as its largest U.S. publicly disclosed position. The automaker’s stock is among the hardest hit in the industry after Trump said he would slap tariffs of as much as 25% on goods from Mexico, the largest source of U.S. vehicle and auto-parts imports. GM dropped 4.5% at 11:10 a.m. and is down about 15% since the beginning of May amid a loss in U.S. market share.

D-Hornz is having something of a bounce-back year so we hope this is just a small blip on Greenlight Capital's book. After all, it is a hedge fund...

But Einhorn has a hedge. His fund’s short position against Tesla Inc. has been a winner as the electric automaker’s stock has nosedived by more than 40% this year. Shares were little changed Friday morning.

Oh, shit.

David Einhorn's Hedge Fund Resurgence Faces Mexican Tariff Test [Bloomberg]


David Einhorn Said No To A Capital Raise, Kept The Door Open For A Pub Crawl

Remember how David Einhorn got in trouble in England for insider trading on Punch Taverns stock and he was all "what?" and we were all "what?"? Well, you can judge it for yourself because now the entire disputed call with Punch is available online (at the back of this). So go read it, or read the highlights here. The FSA still thinks it's insider trading, but the count of people confused by the whole thing is rising, and now includes the Merrill banker on the call. There's lots of insider traderiness on this side of the pond today too so we should talk about that in a bit. For now, though, two other things. One is quick - no one can resist one part of the call and I can't either so here it is: DAVID EINHORN: Hi, I’m sorry I didn’t get to see you when you were in New York. PUNCH CEO: No, no, we -- well, we’ve -- we’ve only had the chance to speak once, although we have seen [reference to Greenlight Analyst] a few times since then. DAVID EINHORN: Oh, you’re -- you’re -- you’re getting more than -- than I could help with anyway. So, this is good. PUNCH CEO: Okay. That’s fair enough. Well, one day we’ll get you around on a pub crawl around some English pubs. DAVID EINHORN: Oh, that sounds fun. PUNCH CEO: It is. You’re right. English readers: Is it? I just assumed that Punch Taverns are rather grim places, like TGI Friday's but with more ... punching? ... but maybe I'm totally off base here. Also, here is a hypothesis: vice investments do well because, for the same level of profitability, they get more analyst/investor coverage and enthusiasm. Wouldn't you rather go on a pub crawl instead of like a tour of an auto parts factory in Queens? Would that influence your stock recommendations / money allocations? Someone should do a study.