Matt Levine, Columnist

Dan Loeb Wants a Clean Shell and a Dirty Shell

Also billionaire tax, Twitter pump-and-dumps and nano options.

October 28, 2021 at 1:14 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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Programming note: Money Stuff will be off tomorrow, back on Monday.

We talked yesterday about the somewhat strange possibility that public investors might be too focused on the long term. At a conference in Saudi Arabia, Blackstone Group’s Steve Schwarzman and BlackRock Inc.’s Larry Fink both suggested that oil prices are high because investors have become so jazzed about funding a future transition to green energy that they are no longer willing to fund oil drilling. I wrote:

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