Money and Finance
- Links
Howard Marks' CFA Institute Conference Presentation (video) (LINK) Merryn Somerset Webb interviews Hugh Hendry (Part 3) (LINK) [The complete transcript is also available HERE.) When Stock Buybacks Are Not a Waste of Money (LINK) Related link: Warren...
- Book Review Of The Outsiders
I finally got around to reading William Thorndike's The Outsiders -- a sure classic that I've added to the "must read" section of my recommended books on investing. Looking through my Kindle copy of the book, I have 70 highlights and bookmarks,...
- A List Of Good Investing Books
Must-Haves for Serious Investors Benjamin Graham. The Intelligent Investor. The value investor's bible. Make sure you get an edition with Jason Zweig's commentaries.Peter Lynch. One Up on Wall Street. The retail investor's bible. Lynch's...
- The Limits Of The Outsider Approach To Investing
Often great books, even business books, do not directly translate into actionable investing concepts. "The Outsiders" by William Thorndike is one of the best business books I have read. It details the exploits of John Malone, Henry Singleton, Buffett...
- High Yield Reads - 4/19/14
Summary of recents posts and pieces of interest, sometimes enduring, to investors: Financial Matters - great list by A Wealth of Common Sense of what does and does not matter to investorsA Dozen Things I've Learned from Bill Gates by Tren Griffin....
Money and Finance
The Outsiders: The Book the Activists Are Reading
Link to article: The Outsiders: The Book the Activists Are Reading
If activist investors seem like they are all using the same playbook, it may be because many are at least reading the same book.
“The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success” has created a buzz among the activist community for laying out in plain English what the activists are often arguing for.
Hedge-fund managers, bankers and lawyers have all cited the book to explain the logic behind much of what activists are seeking, including the push to break up companies WSJ wrote about Wednesday.
Written by William N. Thorndike, and published in late 2012, “The Outsiders” won a mention in Warren Buffett’s annual report that year as being on the famed investor’s reading list.
The book is more geared toward the Buffett-type of long-term investor. It chronicles the experience of eight CEOs, including Mr. Buffett, Henry Singleton, John Malone and Katherine Graham, and the huge shareholder returns they created. The entire book is built the premise that CEOs should be scored on the numbers, like baseball players today. Take Jack Welch, for example: While Mr. Welch was a good CEO at General Electric, he ranks well below other CEOs based on shareholder returns, according to the book.
The central trait of the top chief executives, according to the book, is how successful they are at allocating capital.
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Book: The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Related previous post: Cash return on capital…
- Links
Howard Marks' CFA Institute Conference Presentation (video) (LINK) Merryn Somerset Webb interviews Hugh Hendry (Part 3) (LINK) [The complete transcript is also available HERE.) When Stock Buybacks Are Not a Waste of Money (LINK) Related link: Warren...
- Book Review Of The Outsiders
I finally got around to reading William Thorndike's The Outsiders -- a sure classic that I've added to the "must read" section of my recommended books on investing. Looking through my Kindle copy of the book, I have 70 highlights and bookmarks,...
- A List Of Good Investing Books
Must-Haves for Serious Investors Benjamin Graham. The Intelligent Investor. The value investor's bible. Make sure you get an edition with Jason Zweig's commentaries.Peter Lynch. One Up on Wall Street. The retail investor's bible. Lynch's...
- The Limits Of The Outsider Approach To Investing
Often great books, even business books, do not directly translate into actionable investing concepts. "The Outsiders" by William Thorndike is one of the best business books I have read. It details the exploits of John Malone, Henry Singleton, Buffett...
- High Yield Reads - 4/19/14
Summary of recents posts and pieces of interest, sometimes enduring, to investors: Financial Matters - great list by A Wealth of Common Sense of what does and does not matter to investorsA Dozen Things I've Learned from Bill Gates by Tren Griffin....