What is the suggested strategy for acquisitions in 'The Outsiders' and how does it balance patience and swiftness?

The book 'The Outsiders' suggests that a company's stock can be one of the best investment opportunities because it is a reflection of the company's long-term value, which is determined by cash flows, not reported earnings. The book emphasizes the importance of capital allocation by the CEO, and how organizational decentralization can improve efficiency and reduce costs. This, in turn, can increase the per-share value of the company's stock, making it a good investment opportunity. The book also highlights the importance of patience and strategic swiftness in deal-making, which can further enhance the value of the company's stock.

The concept of 'independent thinking over expert opinion' in 'The Outsiders' refers to the idea that CEOs should rely on their own judgment and understanding of their business, rather than solely on the advice of industry experts. This is because experts may not fully understand the unique context and challenges of the specific business. Independent thinking allows for more innovative and tailored solutions, which can lead to better business outcomes.