Shareholder Value - The Ultimate Gold Mine

Ben graham's story was so interesting because northern pipe line, which i think you mention in the book, had 90 dollars of what he called gilt edged securities sea sitting there earning basical cash. So he basically found a gold mine sitting underneath this company where the cash was worth a lot more than the shares. And his effort was ultimately to release that shareholder value, if you will, get that cash into the hands of the actual shareholders who could earn a much higher return on that cash.