Archive | April, 2011

St Joe – The Absurdity of the Leucadia Airport Comp

One of the most interesting investment stories to come out in the past year is the debate over The St. Joe Company. On the long side, and 30% stockholder, we have Bruce Berkowitz and his mutual fund, Fairholme Funds, Inc. In 2010, Morningstar named Mr. Berkowitz their Domestic-Stock Fund Manager of the Decade. And it’s […]

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