Why Ben Graham Demanded Underperforming Stocks Be Liquidated

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Rupert Hargreaves
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Benjamin Graham is perhaps best known for his books and work on deep value investing, but he was also an occasional activist investor. Q4 2022 hedge fund letters, conferences and more If you’re looking for value stocks, and exclusive access to value-focused hedge fund managers, check out ValueWalk’s exclusive value newsletter, Hidden Value Stocks. Graham’s most famous activist situation was against the management of the Northern Pipeline Company in 1927. The value investor wanted the business to distribute its excess cash to shareholders. Initially, management and other shareholders, including the Rockefeller family, pushed back, but he ran a proxy fight…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk