tag:blogger.com,1999:blog-6587699706949333863.post5480509647388185899..comments2024-03-27T23:39:33.499-05:00Comments on Passive Income Pursuit: Book Review: The Outsiders by William Thorndike, Jr.Passive Income Pursuithttp://www.blogger.com/profile/13947101854482544346noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6587699706949333863.post-57442994264248682862016-04-03T18:56:41.989-05:002016-04-03T18:56:41.989-05:00DGI,
Being able to identify the next Outsider CE...DGI, <br /><br />Being able to identify the next Outsider CEOs is going to be difficult because there's so much data and information to parse through. The key takeaway that I got from the book is the common themes between them all. They focused on simplicity, patience and flexibility.<br /><br />Take WB for example it's largely rumored that he's never used a spreadsheet and rarely does number crunching. So he values simplicity. If you start needing a million different inputs to determine if an investment is worthwhile you likely need to spend your time finding another investment. He also has no problem sitting on the sidelines if there's nothing that he deems a good investment. <br /><br />Like you said it's understanding the traits that can make a great CEO or investor. No business or investment strategy is going to work 100% of the time.<br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-42064876930137063712016-04-03T18:50:29.619-05:002016-04-03T18:50:29.619-05:00Bryan,
The Outsiders is definitely a book that m...Bryan, <br /><br />The Outsiders is definitely a book that most investors/small business owners should read. No it's not going to teach you how to invest or grow your business but it's the lessons behind their stories that are so valuable. Simplicity, patience and flexibility are the common themes between all of them and if you focus on those 3 things you'll do fairly well over the long run. <br /><br />Thanks for stopping by!Passive Income Pursuithttps://www.blogger.com/profile/13947101854482544346noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-18154049037812755112016-04-03T15:03:26.470-05:002016-04-03T15:03:26.470-05:00The idea of outsider management is a great one. I ...The idea of outsider management is a great one. I had heard many good things about this book, so I thank you for your review. The reason why someone like you or me would read the book is to identify traits that would help us pick the next "outsider CEO".<br /><br />The main criticism of this book that I have heard was that outsider CEO's are easy to identify only in hindsight. This point of view takes into account CEO's who have exhibited Outsider like behavior, but lost a lot of money for their shareholders.<br /><br />Perhaps AMZN is as misunderstood as TCI was in the old days.. Or perhaps it really is overvalued..Dividend Growth Investorhttp://www.dividendgrowthinvestor.com/noreply@blogger.comtag:blogger.com,1999:blog-6587699706949333863.post-41281188140411460322016-04-03T09:11:06.476-05:002016-04-03T09:11:06.476-05:00Great book buddy! It's one of my favorites, a...Great book buddy! It's one of my favorites, and is included among the 12 recommended books on our site. I learned so much from this book that I went out and bought it, and intend to reread it once a year. I just finished the Dhandho Insvestor by Mohnish Pabrai. It's a very good book as well, but not as good as Thorndike's Outsiders.<br /><br />I hope you guys are well this weekend<br />-BryanIncome Surferhttp://www.incomesurfer.comnoreply@blogger.com