图书标签: 投资 商业 巴菲特 经济学 英文原版 management 金融 VC
发表于2024-06-16
The Outsiders pdf epub mobi txt 电子书 下载 2024
This title includes the stories of eight extraordinary CEOs, who ignored or defied the conventional wisdom of their time and applied a common set of principles to achieve remarkable and enduring success. It's time to redefine the CEO success story. Ask most people what describes an effective CEO, and you'll get a pretty consistent answer-"a seasoned manager with deep industry expertise". Magnify that through today's celebrity - saturated lens, and someone like former GE head Jack Welch becomes the poster child for CEO success: seasoned, but also charismatic, cutting-edge, and "Wall-Street" savvy. But is this the blueprint we should be following? Not necessarily. The performance of Welch and other high-profile CEOs doesn't come close to the achievements of the CEOs profiled in "The Outsiders". Meet eight iconoclastic leaders who helmed firms where returns on average outperformed the S&P 500 by over 20 times. You may not know some of their names (Henry Singleton, Bill Anders, Tom Murphy) - but you will recognize many of their companies (General Cinema, Ralston Purina, The Washington Post Company, and Berkshire Hathaway). In this book, you'll learn the consistent and rational traits that helped these select leaders achieve that exceptional performance. Humble, unassuming, and often frugal, these "outsiders" shunned "Wall Street" and the press and shied away from hot management trends. Instead, they honed specific (and less sexy) characteristics including: a laser-sharp focus on per share value rather than sales or earnings; an exceptional talent for allocating capital and human resources; the belief that cash flow, not reported earnings, determines a company's long-term value; and, a penchant for giving local managers autonomy to release entrepreneurial energy. Drawing on extensive research, Will Thorndike tells many of these leaders' stories for the first time - and extracts lessons for those of you hoping to lead your company to exceptional returns today.
威廉·桑代克
巴菲特、比尔·阿克曼盛赞的投资精英。老牌PE胡萨托尼克合伙公司(Housatonic Partners)创始人。
斯坦福商学院信托基金受托人、大西洋学院信托基金主席。美国煤炭巨头康索尔能源(Consol Energy)董事长以及多家知名上市企业董事。
哈佛商学院、斯坦福商学院特约讲师。
有一些行业知识,对于判断CEO的能力提供了一个非常有用的视角
评分非常精彩,英雄的故事。2020年第一本书。
评分做了很详细的笔记,把8个企业家就背景,战略,方法,以及每个人任职期内的收益率进行比较,找出了一些共同之处。结合目前自身所处的企业管理和acquisition modeling的方法,这本书提供了一个系统的思考框架
评分本书讲了几个被称为“outsider”的CEO的故事,被巴菲特等多位投资大亨推荐,读来的确获益不少。“真正”(本书定义,我基本赞同,仁者见仁)成功的CEO以股东利益最大化为己任,因而目标是最大化每股的表现而非公司的规模,他们可能不(往往不)那么擅长或在意管理,而极其擅长做资产配置,从如何融资到如何投资,有洞见有眼光有胆识的CEO能够不拘一格地处置公司现金收益,低调行事不露锋芒坚持己见,创造稳健增长的每股现金流,从而给股东大而持久的回报。
评分可读性很强。几个要点:好的CEO身边常常有一个好的COO负责日常运营,这样才能腾出手来思考战略层面的问题。在企业股价高企时通过换股买入廉价资产,而在企业股价低迷时回购作为投资加强股东回报。模糊的正确好过精确的错误,习惯独立思考,正确不因他人苟同,而是因为事实和推理有理有据。长期观点,耐心等待机会出现。相对分散的运营管理,只要达到财政预期,就不要干涉管理者。招管理者要谨慎,一旦用人则不疑。按照绩效取舍人,这样没人担心谁曲意逢迎。成本意识极强,没有繁华的办公室,总部没有太多的行政管理人员,运营分散但资本决策集中,及时卖掉臃肿非核心业务,董事会成员要对公司有投资和投入才能真心管理好这个企业。收购决策不需要几十页长篇大论,着重关注标的市场增长潜能,行业竞争,潜在运营改进空间,以及现金产生能力
20年复合增长率20%是多少倍收益?38.33倍。稍微努力一点、年化25%呢?86.74倍。可以想象一下,100万投资于一家企业,20年的有生之年,它变成3833万,或更好一点8674万的直观感受。《商界局外人》将的就是和巴菲特相关的8家企业,是如何在上世纪75~95年这样的20年中,做到20%以...
评分 评分 评分《商界局外人》是张化桥推荐的一本书,真的挺好,让人耳目一新。 按书上说,企业CEO有两种功能,一种是管理,另一种是资本配置。主流管理著作基本都是着重于强调管理能力,而这本《商界局外人》则是把重心放在CEO的资本配置能力上。 这书的内容说穿了就是最朴素的商业原理,...
评分The Outsiders pdf epub mobi txt 电子书 下载 2024