Youve undoubtedly heard of jack welch, the celebrity ceo of the century who. 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. Eight unconventional ceos and their radically rational blueprint for success. First, we dive deep into the lessons of his 8year research project studying ceos who were master capital allocators. Anyway, per thorndike, ceos need to do two things wella run their operations efficiently, and b deploy the cash generated. The outsiders this is old news as this book was recommended by warren buffett in berkshire hathaways 2012 annual report. Although these individuals have had amazing returns and huge impacts, there are other ceos that arent as famous, but with huge returns. Everyday low prices and free delivery on eligible orders. Eight unconventional ceos and their radically rational blueprint for success 8601400714881. It has become more than a cult hit, selling more than 75,000 copies.
Others might point to the qualities of todays socalled celebrity. He is a graduate of harvard college and the stanford graduate. Eight unconventional ceos and their radically rational blueprint for success author. When investors and leaders think about the best ceos in the world, many might name people like jack welch or tim cook. The outsiders william n thorndike bok 9781422162675.
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. Eight unconventional ceos and their radically rational. William thorndike, founder of private equity firm housatonic partners, is as surprised about the success of his book as anyone. He is a director of eight companies and two notforprofit. How skilled capital allocators compound capital, with will thorndike invest like the best, ep. About the outsiders student packet student packet grades 78 activities to teach reading, thinking and writing using the novel, the outsiders as. Eight unconventional ceos and their radically rational blueprint for success by william thorndike, jr. Thorndike s book describes certain attributesmethods of top performing ceos. The outsider by stephen king is one of the most popular books. How skilled capital allocators compound capital, with will. He is a director of eight companies, and two notforprofit organizations and lives in. An outstanding book about ceos who excelled at capital allocation. I had a sick feeling that dally was up to his usual tricks, and i was right.
Meet the outsiders in his phenomenal book, the outsiders. The outsiders is a book which was published at the end of 2012 and has been recommended by charlie munger. In defining management greatness, most people focus on growth in revenues andor profits. An obvious and wrong way of doing this is to do the following. 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. Thorndike, on the other hand, focuses on a much more important variable. But not on much else besides trouble with the socs, a vicious gang of rich kids whose idea of a good time is beating up. Eight unconventional ceos and their radically rational blueprint for success thorndike, william n. 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.
May 08, 2014 william thorndike, founder of private equity firm housatonic partners, is as surprised about the success of his book as anyone. Thorndike, 9781491582978, available at book depository with free delivery worldwide. The book is the result of a flawed research method. Onsaturdaymorning,everyonenorth ofuswasattemplebethel. Note if the content not found, you must refresh this page manually. Youve undoubtedly heard of jack welch, the celebrity ceo of the century who generated. This is one few books recommended by warren buffett, and touches on one of the most skills of a ceocapital allocation. Humble, unassuming, and often frugal, these outsiders shunned wall street and the press, and shied away from the hottest new management trends.
This book looks at a group of ceos that performed extraordinarily well over long periods of time. Hinton was 15 when she started writing the novel but did most of the work when she was 16 and a junior in high school. Thorndike is founder and a managing director of housatonic partners, a private equity firm. 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. Thorndike versandkostenfrei online kaufen bei, ihrem bucherspezialisten. The outsiders is a collection of portraits of eight unconventional, yet very successful exceos of public companies. William stated the commonalities right off the bat and used the remaining chapters to go over each. 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. To ask other readers questions about the outsiders, please sign up. You are right not because others agree with you, but because your facts and reasoning are sound. From my understanding hes only endorsed the intelligent investor, the most important thing, and common stocks and uncommon profits, with the most recent being the focus for todays discussion, the outsiders, written by william n.
Eight unconventional ceos and their radically rational blueprint for success has created a buzz among the activist. Click download or read online button to get the outsiders book now. I knew it was going to be a great book, but it was sitting in my big pile all year until this past weekend. Summary and analysis chapter 6 summary that cherry valance is acting as a spy for the greasers shocks ponyboy and johnny, but then they learn that bob, the dead soc, had been her boyfriend.
Answer all questions on a separate sheet using complete sentences. Free shipping on qualified orders the outsiders is a comingofage novel by s. Thorndike is a graduate of harvard college and the stanford graduate school of business. How the outsiders became one of the most important business. Download it once and read it on your kindle device, pc, phones or tablets. The outsiders william n thorndike bok 9781422162675 bokus. Focus on the few choices available for capital allocation. Much like the ceos he describes, the pace of the book is quick, and focused on the most important things. Founded housatonic partners, a private equity firm with offices in boston and san francisco, in 1994.
Eight unconventional ceos and their radically rational blueprint for success by william n. With success measured as the creation of shareholder value. The outsiders eight unconventional ceos and their radically rational blueprint for success william n. I found this book an interesting read as i didnt know anything about most of the profiled ceos and their companies. Thorndike, 9781422162675, available at book depository with free delivery worldwide. Business traveller magazine this is an eminently readable volume with plenty of lessons. Eight unconventional ceos and their radically rational blueprint for success ingles pasta dura 23 oct 2012. Download the outsiders or read the outsiders online books in pdf, epub and mobi format. 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. Dec, 2019 the outsiders eight unconventional ceos and their radically rational blueprint for success by william thorndike. Also, check out the movie trailer below and let us know if you agree this movie followed the book quite faithfully in our opinion. The best ceos are masters of capital allocation the. I really liked this book because capital allocation rarely gets talked about at the csuite level from my experience. William thorndike, investor and author of the outsiders, looks at some lessknown but more effective executives.
Eight unconventional ceos and their radically rational blueprint for success kindle edition by william n. I really liked this book because capital allocation rarely gets talked about at the csuite level. A book that details the extraordinary success of ceos who took a radically different. How the outsiders became one of the most important. This weeks guest is will thorndike, an author and investor whose book the outsiders is an alltime favorite of mine. The outsiders student packet student packet grades 78. What i liked most about william thorndike s book was the efficiency of it. Read the outsiders eight unconventional ceos and their radically rational blueprint for success by william n. Notes from the outsiders by william thorndike i recently reread the notes i took several years ago on william thorndikes excellent book, the outsiders. In the outsiders, youll learn the traits and methodsstriking for their consistency and relentless rationalitythat helped these unique leaders achieve such exceptional performance. May 26, 2014 a dozen things ive learned about great ceos from the outsiders written by william thorndike may 26, 2014. For our respected reader, we provide it to the reader pdf so that they get it as easily as possible.
Subscribe now to my newsletter join 3,500 subscribers. 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. Summary and analysis chapter 5 summary waking up in a church with the dull realization that johnnys killing of bob and the flight from the law really did happen, ponyboy daydreams about being with darry and soda and how wonderful life was at home. You will be allowed to use your notes on your final test for the outsiders. Aug 17, 2018 complete with indepth character exposition this under 200page novel written over 40 years ago is still a very exciting read. For the vocabulary section, please copy the sentence from the book where each word is used. Say you are interested in finding what makes people selfmade billionaires. 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. The eight ceos thorndike profiles all excelled in capital allocation, i. Rational blueprint for success, william thorndike makes a case for who the greatest ceos of the last fifty years really are.