Patrick Donley sits down with Shawn O’Malley, Chief Editor of our newsletter, We Study Markets, to discuss his main takeaways from doing a deep dive into The Outsiders by William Thorndike.
In this episode, you’ll learn about CEOs operating like stock investors, the challenges of capital allocation for company leaders, identifying extraordinary capital allocators, and applying lessons from The Outsiders to your own investing. The episode features William N. Thorndike, founder and managing director of Housatonic Partners.
IN THIS EPISODE, YOU’LL LEARN:
0:00:00 - Intro
0:00:47 - How CEOs operate like stock investors
0:02:52 - Why is capital allocation is unintuitive to most CEOs
0:07:39 - What factors lead to poor capital allocation by CEOs
0:09:39 - What is in a CEOs toolkit to allocate capital effectively and how can they be evaluated
0:14:46 - How to identify extraordinary CEOs that will be great capital allocators
0:18:43 - How the Outsider’s CEOs were able to resist the institutional imperative
0:23:08 - Which of the Outsider’s CEOS most stood out to Shawn
0:29:20 - How Henry Singleton masterfully allocated capital at Teledyne
0:34:02 - What lessons can be learned from The Outsiders for today’s investor
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▶️ RELATED EPISODES:
- The Essence of Warren Buffett and Charlie Munger w/ Shawn O'Malley: [ Ссылка ]
- The Intelligent Investor: Timeless Wisdom for Today's Market w/ Shawn O’Malley: [ Ссылка ]
🎧 Listen to our episodes here: [ Ссылка ]
🖊️ Access the transcript and learn more about the guest here: [ Ссылка ]
📖 BOOKS MENTIONED:
- The Essays of Warren Buffett by Lawrence Cunningham: [ Ссылка ]
- The Intelligent Investor by Benjamin Graham: [ Ссылка ]
- The Outsiders by William Thorndike: [ Ссылка ]
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