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The Outsiders
272 pages, 2012
“An outstanding book about CEOs who excelled at capital allocation. ” — Warren BuffettWhat makes a successful CEO? Most people call to mind a familiar definition: “a seasoned manager with deep industry expertise. ” Others might point to the qualities of today’s so-called celebrity CEOs—charisma, virtuoso communication skills, and a confident management style.
But what really matters when you run an organization? What is the hallmark of exceptional CEO performance? Quite simply, it is the returns for the shareholders of that company over the long term.
In this refreshing, counterintuitive book, author Will Thorndike brings to bear the analytical wisdom of a successful career in investing, closely evaluating the performance of companies and their leaders. You will meet eight individualistic CEOs whose firms’ average returns outperformed the S&P 500 by a factor of twenty—in other words, an investment of $10,000 with each of these CEOs, on average, would have been worth over $1. 5 million twenty-five years later.
In 'The Outsiders' by William N. Thorndike, you'll find that the most successful CEOs often don't follow the crowd. They're not afraid to make unconventional decisions, and this boldness often leads to extraordinary results. If you're a leader, this book will inspire you to think outside the box.
Thorndike emphasizes the importance of capital allocation. He argues that the best CEOs are not necessarily those with the most charismatic or innovative personalities, but those who can allocate capital in the most efficient and productive way. It's a fresh perspective that might change how you see business.
The book encourages you to embrace independent thinking. The CEOs featured in the book didn't achieve success by following the herd. Instead, they trusted their own judgment, even when it went against popular opinion. It's a powerful reminder to trust your instincts.
Thorndike's research shows that the most successful CEOs focus on long-term growth rather than short-term profits. This book will make you rethink your priorities and may inspire you to take a more strategic approach to your business decisions.
In 'The Outsiders', you'll get to explore the strategies of eight highly successful CEOs. It's like a masterclass in leadership and strategy from some of the best in the business. If you're looking to improve your leadership skills, this book is a must-read.
Quotes 4
The Outsiders is an outstanding book about CEOs who excelled at capital allocation. It teaches important lessons.
Warren Buffett - Investment GuruThe Outsiders is a compelling and instructive read for anyone, not just those running a business.
Bill Gates - Microsoft Co-founderThe Outsiders is a must-read. It's all about the mindset of winning CEOs.
Charlie Munger - Berkshire Hathaway Vice-ChairmanThe Outsiders is a practical and insightful guide to successful management and investment strategies.
Michael Mauboussin - Investment Strategist
The Outsiders found in libraries
1Management Books
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