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

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Investing, Education, Business

4.6 • 3.6K Ratings

🗓️ 22 March 2022

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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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 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. William Thorndike’s book, The Outsiders – Read reviews of this book. Additional resources on International P/E Ratios. Free executive summary of The Outsiders. SPONSORS Support our free podcast by supporting our sponsors: HardBlock Human Rights Foundation Vanta Plus500 Netsuite Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

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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