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In this episode, Preston and Stig review William Thorndike’s book, The Outsiders. This book was recommended by Warren Buffett as his #1 book during the 2012 Berkshire Hathaway Shareholders meeting. Buffett described the book as an outstanding read about CEOs who excelled at capital allocation. In the podcast, you will learn about the key ingredients that set these stellar performer apart from the rest.

IN THIS EPISODE, YOU’LL LEARN:
– Why you want the CEO to think more like a capital allocator than a traditional CEO
– How the best capital allocators create arbitrage on their own stocks
– Use to use debt intelligently when growing your company
– How and why the most profitable companies does not compete on price

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