The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

Why it’s on the list: Will Thorndike’s study of eight unconventional CEOs and their capital-allocation discipline — surfaced through Thorndike’s quote that the best investor outcomes come from businesses with an extremely long-term horizon that can excel “without the friction (and tax inefficiency) of worrying about exits.”

Where I saw it: Cited in On the Nature of Long-Term Holds, the Yale case study Kyle annotated, where author Will Thorndike is quoted on the merits of long-horizon, exit-free ownership.

Connections

• On the Nature of Long-Term Holds — the long-read where the book and author are quoted.
• Will Thorndike — the author.