Notable is the detailed history of each of the businesses, which were all meticulously crafted. To Buffett and Munger, there is a compelling, Zen-like logic in choosing to associate with the best and in avoiding unnecessary change. Needless to say it was an enjoyable read and a well written business book and biography of 8 celebrity CEOs: Always do the math- not the detailed spreadsheet one but a simple one pager telling what are the assumptions made and basis that what are the returns expected from the project.
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Fundamentally, they believed that what bu was clear-eyed decision making, and in their cultures they emphasized the seemingly old-fashioned virtues of frugality and patience, independence and occasional boldness, rationality and logic. This is a great book for anyone that is interested in business or investing. In this refreshing, counterintuitive audiobook, author Will Thorndike brings to bear the analytical wisdom of a successful career in investing, closely evaluating the performance ny companies and their leaders.
[Book Notes] The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for…
Can't remember the last time I marked up a book so thoroughly. Not all of the points will be relevant or agreed to by any particular organization. Sharing new insights from her landmark research on grit, MacArthur outsidera Angela Duckworth explains why talent is hardly a guarantor of success.
Over time, Buffett evolved an idiosyncratic strategy for his insurance operations that emphasized profitable underwriting and float generation over growth in premium revenue.
The last chapter "radical rationality" in itself is worth the price of book. Think of these options collectively as a tool kit.
Independent Thinking- hardly employ investment bankers or a large team on capital allocation decisions 4. Thorneike it, especially insight on Warren Buffett and Katherine Graham, fascinating story. A landmark publication full of startling revelations, the book indelibly alters our image of this most enigmatic capitalist.
The book is laid out in a clear, concise manner with a case study on each of the Outsiders CEOs. Always Do the Math. The overarching theme of this book is the message that a CEOs time must not be spent operating or innovating but in analytical capital allocation while ensuring their businesses have a strong cash flow. Apr 11, Liam Polkinghorne rated it it was amazing.
Jim Rohn, Brian Tracy, Dr. For anyone interested in being an exceptional CEO Hardcover th, pages.
The Outsiders (Audiobook) by William N. Thorndike | modellingadvice.info
In spite of this, I do appreciate the essence of the book and the importance of asset allocation in Outsidesr role. In my mind, that really makes the CEOs in the book different from their peers.
In this regard, they had the quality of humility thordnike Jim Collins emphasized in his excellent Good to Great. The Outsiders bring you the stories, common traits and lessons from these truly outstanding leaders. Dec 03, Bradley Eylander rated it really liked it. They don't hesitate to break virtually every rule held sacred by conventional wisdom.
Douglas Edwards Narrated by: Phil meek told me a story about a bartender at one of the management retreats who made a handsome return by buying Capital Cities stock in the early s.
Gary Vaynerchuk Narrated by: Also, foxes often have very strong financial literacy, and are able to look at and build strategies around the financial statements that are aligned with strategic goals of growth and health. When their stock was cheap, they bought it often in large quantitiesand when it was expensive, they used it to buy other companies or to raise inexpensive capital to fund future growth.
We knew what we needed to focus on. Buffett has developed a tne that at its core emphasizes the development of long-term relationships with excellent people and businesses and the avoidance of unnecessary turnover, which can interrupt the powerful chain of economic compounding that is the essence of long-term value creation.
The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
The stories of the CEO's had some background on their personal lives but mostly were kept briefly only on the significant parts for the success of their business. Trivia About The Outsiders: He wants to put operational decision rights as close to the customers as possible and therefore as far away from the CEO as possible.
Once Roberts joined the company, Singleton began to remove himself from operations, freeing up the majority of his time to focus on strategic and capital allocation issues.