Value Investing News - On the Northern Pipeline Contest - Comments

It Works for Me

Geoff — Wed, 04 Jul 2007 21:52:23 -0400

Nick,

Sorry if there's a problem with the link, but it works for me. Here's the permalink:

http://www.gannononinvesting.com/2007/07/on_the_northern_pipeline_conte.html

This story link doesn't take

Nick — Wed, 04 Jul 2007 13:42:48 -0400

This story link doesn't take me anywhere. Where is the original document?

On the Northern Pipeline Contest

Geoff — Wed, 04 Jul 2007 06:55:30 -0400

This post tells the story of The Northern Pipeline Contest. Read about Benjamin Graham the activist investor. This is probably the best known instance of Graham's activism. Note the similarities (and differences) between Graham's investment in Northern Pipeline and Buffett's invest in Sanborn Map.This contest was a big deal in its day, winning board seats over the objection of management to effect a distribution of assets was basically unheard of at the time.