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Podcast: Read & Repeat
Episode: EP27 The Outsiders by William Thorndike
Description: William Thorndike's "The Outsiders" provides a masterclass in capital allocation like no other! The book highlights 8 successful CEOs who have defied conventional management styles and adopted unique investment strategies, such as buying back huge portions of their stock, making acquisitions worth 25% or more of the enterprise value, and avoiding tax-inefficient dividends. Across Warren Buffett, Henry Singleton, John Malone, and the other Outsider CEOs, these executives constantly diverged from the crowd and rewarded shareholders with 20-30% CAGRs! We will learn about many of the qualities these Outsider CEOs shared, including zigging when others zag, hiring the best people, pushing decisions...