Founded housatonic partners, a private equity firm with offices in boston and san francisco, in 1994. The outsiders is a great book that looks at eight ceos who produced above average returns for shareholders over the long term. The names of these outsiders may come as a surprise, but you will learn valuable strategic lessons from their iconoclastic ways. The lineup of ceos and companies profiled in the book are save a few not exactly household names. How the outsiders became one of the most important business books in america. The names of these outsiders may come as a surprise, but you will learn. Eight unconventional ceos and their radically rational blueprint for enter your mobile number or email address below and well send you a link to download the free kindle app.
The name of the presentation comes from a book which i highly. And so i was thrilled to speak with him recently on subjects ranging from how to. Thorndike is a graduate of harvard college and the stanford graduate school of business. Get the entire 10part series on warren buffett in pdf. Then you can start reading kindle books on your smartphone, tablet, or computer no kindle device required. Eight unconventional ceos and their radically rational blueprint for success ingles pasta dura 23 oct 2012. In this refreshing, counterintuitive book, author will thorndike brings to bear the. In the outsiders, youll learn the traits and methods striking for their consistency and relentless rationality that helped these unique leaders achieve such exceptional performance. The outsiders william n thorndike bok 9781422162675 bokus. How skilled capital allocators compound capital, with will.
Dec, 2019 the outsiders eight unconventional ceos and their radically rational blueprint for success by william thorndike. Eight unconventional ceos and their radically rational blueprint for success up to now with regards to the guide weve the outsiders. The ideas in this book provide both executives and investors with the north star of value. How the outsiders became one of the most important. A dozen things ive learned about great ceos from the outsiders written by william thorndike may 26, 2014. When investors and leaders think about the best ceos in the world, many might name people like jack welch or tim cook. May 26, 2014 a dozen things ive learned about great ceos from the outsiders written by william thorndike may 26, 2014. An outstanding book about ceos who excelled at capital allocation. Effectively, the argument is that careful management of the assets you have is more productive than the blind pursuit of growth. A book that details the extraordinary success of ceos who.
In most cases these ceos were not attention junkies and were not only great capital allocators but also time allocators. Named one of 19 books billionaire charlie munger thinks you should read in business insider. Thorndike is founder and a managing director of housatonic partners, a private equity firm. The best ceos are masters of capital allocation the. Mar 02, 2017 while the outsiders does a great job at that, as a canadian, i was left wondering who the author would have included if he expanded his search to canada. William thorndike author of the outsiders 2 qualities that make a great ceo by begin to invest on july 28, 2019 i first heard of the book the outsiders in berkshire hathaways 2012 letter to shareholders. It was an environment that selected for and promoted independent, entrepreneurial managers. Feb 20, 2014 if activist investors seem like they are all using the same playbook, it may be because many are at least reading the same book. How skilled capital allocators compound capital, with will thorndike invest like the best, ep. The outsiders is about 8 ceos who have enjoyed far better returns on company stock than their peers or the market due to their ability to allocate both financial and human capital. They found ways to minimize their company taxes through tax l this is a great book for anyone that is interested in business or investing. Thorndike may have discovered an alchemic formula for ceo success. Youve undoubtedly heard of jack welch, the celebrity ceo of the century who generated.
William thorndike author of the outsiders 2 qualities. Outsiders by william thorndike yorkshire powerhouse. Eight unconventional ceos and their radically rational blueprint for success, william thorndike makes a case for who the greatest ceos of the last fifty years really are. Tom murphy and capital cities broadcasting an unconventional conglomerateur. William thorndike, the outsiders the best ceos are masters of capital allocation the process of deciding how to deploy the firms resources capital allocation is investment, and as a result all ceos are both capital allocators and investors. Mauboussin, chief investment strategist, legg mason capital management. Edward lee, 18741949 a wikipedia article about this author is available thorndike, edward l. Nov 26, 2014 william thorndike is the author of my favourite investing book, the outsiders. Edward lee thorndike august 31, 1874 august 9, 1949 was an american psychologist who spent nearly his entire career at teachers college, columbia university. His work on comparative psychology and the learning process led to the theory of connectionism and helped lay the scientific foundation for educational psychology. Welch had a lively, pugnacious personality and enjoyed his interactions with wall street and the business press. The outsiders is a mustread for leadersand aspiring leadersstriving. William stated the commonalities right off the bat and used the remaining chapters to go over each outsiders.
In defining management greatness, most people focus on growth in revenues andor profits. Read the outsiders eight unconventional ceos and their radically rational blueprint for success by william n. Drawing on extensive research, will thorndike tells many of these leaders stories. The names of these outsiders may come as a surprise, but you will learn valuable. Download for offline reading, highlight, bookmark or take notes while you read the outsiders. Eight unconventional ceos and their radically rational blueprint for success kindle edition by thorndike, william. The outsiders may not be a huge best seller, but it is the book that appears to be influencing ceos and big. Eight unconventional ceos and their radically rational blueprint for.
Although these individuals have had amazing returns and huge impacts, there are other ceos that arent as famous, but with huge returns. Eight unconventional ceos and their radically rational blueprint for success ebook. Eight unconventional ceos and their radically rational blueprint for success by william n. Oct 23, 2012 in the outsiders, youll learn the traits and methodsstriking for their consistency and relentless rationalitythat helped these unique leaders achieve such exceptional performance. William thorndike is the author of my favourite investing book, the outsiders. Over 29 years tom murphy of capital cities produced a 19. Bill anders and general dynamics value creation in a fast moving stream. Thorndike an outstanding book about ceos who excelled at capital allocation.
A history of the united states available titles aplia by mary beth norton, carol sheriff, david w. The outsiders eight unconventional ceos and their radically rational blueprint for success william n. Eight unconventional ceos and their radically rational blueprint for success. Thorndike s take is fresh, smart, and provocativeand well worth learning. This acclaimed book by william thorndike is available at in several formats for your ereader. William thorndike, the outsiders value investor conference. Eight unconventional ceos and their radically rational blueprint for success opinions end users are yet to however remaining their own report on the action, or otherwise see clearly but. How the outsiders became one of the most important business.
The book identifies and describes eight executives who have used capital control as the mainstay of their success. Everyday low prices and free delivery on eligible orders. And so i was thrilled to speak with him recently on subjects ranging from how to find the markets best ceos to. The outsiders quotes showing 127 of 27 the business of business is a lot of little decisions every day mixed up with a few big decisions. Eight unconventional ceos and their radically rational blueprint for success responses consumers are yet to however still left the article on the sport, or otherwise read it but. Meet the outsiders in his phenomenal book, the outsiders. About the outsiders student packet student packet grades 78 activities to teach reading, thinking and writing using the novel, the outsiders as.
William thorndike, founder of private equity firm housatonic partners, is as. Download it once and read it on your kindle device, pc, phones or tablets. May 08, 2014 how the outsiders became one of the most important business books in america. Humble, unassuming, and often frugal, these outsiders shunned wall street and the press, and shied away from the hottest new management trends. Click and collect from your local waterstones or get free uk delivery on orders over. Eight unconventional ceos and their radically rational blueprint for success ebook written by william n. I really liked this book because capital allocation rarely gets talked about at. In the outsiders, youll learn the traits and methodsstriking for their consistency and relentless rationalitythat helped these unique leaders achieve such exceptional performance. The outsiders student packet student packet grades 78. He is a graduate of harvard college and the stanford graduate school of business and has been a guest lecturer at the harvard and stanford business schools. I really liked this book because capital allocation rarely gets talked about at the csuite level from my experience. John maxfield explains what makes william thorndike jr. The outsiders explores highperforming, contrarian ceos with an quantitative bent. Thorndike pdf, epub ebook d0wnl0ad an outstanding book about ceos who excelled at capital allocation.
The evaluation of performance based on shareholder return is getting back to basics in a world muddied by executives that, while experts in their chosen field, are not master allocators or capital and investment. Dec 15, 2015 john maxfield explains what makes william thorndike jr. You may not know some of their names henry singleton, bill anders, tom. As a result, the outsiders who often had complicated balance sheets, active acquisition programs, and high debt levels believed the key to longterm value creation was to optimize free cash flow, and this emphasis on cash informed all aspects of how they ran their companies from the way they paid for acquisitions and managed their balance. Outsider, n someone that doesnt belong to a group or goes against conventional wisdom the outsiders by william thorndike, jr. The best ceos are masters of capital allocation the process of deciding how to deploy the firms resources capital allocation is investment, and as a result all ceos are both capital allocators and investors. Katharine graham and the washington post in 1971, graham took the washington post company public to raise money for acquisitions. Eight unconventional ceos and their radically rational blueprint for success to date about the ebook weve got the outsiders. Will thorndike provides management principles that are as rock solid as they are rare and shares the engaging stories of eight ceos who lived by them. He was very comfortable in the limelight, and during his tenure at ge, he frequently appeared on the cover of fortune magazine. Notes from the outsiders by william thorndike i recently reread the notes i took several years ago on william thorndikes excellent book, the outsiders.
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