The Outsiders

Background

When most people on earth are looking for world top CEOs and trying to learn from them However, are those really world top or just being well known? The Outsiders talks about CEOs who are not well known but they do have a excellent performance.  

Setting

The book covers 8 companies who are not well known or well noticed CEOs in US in the past. By doing case studies, some patterns are elements are found in order to run a successful business and outperforming S&P 500.

Theme

The main message of the book is how to define a successful business by walking through 8 different companies. Finding out elements of success and comparing them in between the 8 companies.

Genre

The book is classified as Mindset & Self Development in my blog.

Authors

William N. Thorndike is founder and a managing director of Housatonic Partners, a private equity firm. 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. He is a director of eight companies, and two not-for-profit organizations and lives in the Boston area with his wife and two children.

Review

I buy this book, “The Outsiders”, because I am wondering how to value a CEO who is performing well or not. On top of that, It is one of the book recommended by Warren Buffet.

“An outstanding book about CEOs who excelled at capital allocation.” – Warren Buffett

This book is a very interesting and it is not just for CEOs but also shareholders. There are 8 stories for each CEOs in the book and a conclusion.

When I was reading Chapter 6, I was kind of getting the idea of the book and thinking to skip to the conclusion. Really tempting!! Once I have forced myself to finish Chapter 7, I was like, “Man, I really wanna skip Chapter 8.” Then I saw the title of Chapter 8 “Warren Buff & Berkshire Hathaway”. “Ok, I am a good boy, let me finish it.” 😀

The book talks about the strategy and management style for individual CEOs and also find that they have some common characteristics. If you want to be a good business owner and CEO, it is a must read item.

If you have any question, feel free to email me at admin@stanleyip.com. I will try my best to answer your.

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