David Einhorn on St. Joe Company’s ‘Field of Schemes’


David Einhorn is like the James Bond of hedge-fund managers. Okay, so he’s a bit dorkier, but the point is, when he goes in for the kill, he does it with panache. Witness his takedowns of Allied, Lehman Brothers, and — in a PowerPoint presentation at this week’s Value Investing Conference — the St. Joe Company’s plans to turn a Florida marsh into the next Hilton Head, which incorporates references to Field of Dreams, imagineering, and hilarious cartoons, and is, in a word, devastating. [Business Insider]