In this episode, we read William Thorndike's book, The Outsiders. The book talks about eight CEOs that had radically high returns and how they achieved such results.
This episode covers the following topics:
- 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
- How to use debt intelligently when growing your company
- How and why the most profitable companies do not compete on price
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