The CEOs in 'The Outsiders' used several strategies to increase per-share value. They were more investors than managers, with high confidence in their analytical skills. They bought their stock when it was cheap and leveraged it to raise cheap capital when it was expensive. They were willing to wait long periods to identify compelling investment or acquisition opportunities. In pursuing per-share value, they were ready even to shrink their company size and share base.
A book that received high praise from Warren Buffett, The Outsiders chronicles the unconventional te...
View summary