Classic 10: Warren Buffett's Book Recommendation - The Outsiders

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 22 March 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU'LL LEARN:

06:25 - Why you want the CEO to think more like a capital allocator than a traditional CEO.
09:23 - How the best capital allocators create arbitrage on their own stocks.
24:39 - Use to use debt intelligently when growing your company.
36:27 - How and why the most profitable companies do not compete on price.

BOOKS AND RESOURCES:

William Thorndike’s book, The Outsiders – Read reviews of this book.
Additional resources on International P/E Ratios.
Free executive summary of The Outsiders.
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Transcript

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0:00.0	You're listening to TI-P.
0:02.7	On today's classic episode, we decided to read Warren Buffett's top recommendation
0:07.1	from Berkshire Halloway's annual Sjeho-Los meeting in 2012.
0:10.5	It's the book, Outsiders, and it was originally published as episode 108 back in October 2016.
0:16.8	The book is about the very best CEOs, and perhaps CEOs like Tim Cook and Jaguels comes to mind.
0:23.1	But this book is looking at eight CEOs that surprisingly have done much better
0:27.2	and outlines how it was possible.
0:29.6	You know one of these CEOs very well, that is Warren Buffett.
0:32.4	But the other stories are just as impressive, especially the iconic story of Henry Singleton,
0:37.5	the CEO of Teladine.
0:39.4	So with that said, let's jump to today's classic episode.
0:43.2	We study billionaires, and this is episode 108 of the Investors Podcast.
0:47.8	Broadcasting from Bel Air, Maryland.
0:51.0	This is the Investors Podcast.
0:56.6	They'll read the books and summarize the lessons.
0:59.2	They'll test the waters, tell you what it's called.
1:02.2	They'll give you actionable investing strategies.
1:05.6	Your host Preston Pish and Stig Broderson.
1:11.6	Hey, how's everybody doing out there?
1:13.0	This is Preston Pish and I'm your host for the Investors Podcast,
1:15.6	and it's usually one company by my co-host Stig Broderson, out in Seoul, South Korea.
1:20.3	Today we've got a book for you, and this one was recommended by Warren Buffett.
	...

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