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

Presenting to you the Outsiders's CEO featured in the Book. Yes I know mouth drooling records.

1.  Tom Murphy (Capital Cities Broadcasting): 
    +19.9%/year over 29 years versus +10.1%/year for the S&P 500 index
2.  Henry Singleton (Teledyne): 
    +20.3%/year over 27 years versus +8.0%/year for the S&P 500 index
3.  Bill Anders (General Dynamics)
    +23.3%/year over 17 years versus +8.9%/year for the S&P 500 index
4.  John Malone (TCI)
    +30.3%/year over 25 years (up to ATT acquisition) versus +14.3%/year for the S&P 500 index
5.  Katharine Graham (The Washington Post)
    +22.3%/year over 22 years (since IPO) versus 7.4%/year for the S&P 500 index
6.  Bill Stiritz (Ralston Purina)
    +20.0%/year over 19 years versus +14.7%/year for the S&P 500 index
7.  Dick Smith (General Cinema)
    +16.1%/year over 43 years versus +9%/year for the S&P 500 index
8.  Warren Buffett (Berkshire Hathaway)
    +20.7%/year over 46 years (through 2011) versus 9.3% for the S&P 500 index

After reading the Outsider CEO book awhile back, I decide to pen down some similarites between these CEOs so we are able to identify  Outsiderish- Like CEOs. in future These include

1) Adopting a decentralised style of management
2)Most of them use debts/floats(For the case of Buffet)
3)Repurchasing huge amount of shares when it is selling cheaply
4)All make strategic acquisiton
5)All disfavour dividends
6)All of them make the capital allocation decision personally
7)They all got strong operating officers to improve on the under performing assets they acquire.
8)They focus on free cashflow instead of net income
9)Frugal spending habits

This book changes certain portion of my opinion on leverage. I use to avoid totally companies who are leveraged, but now I will pay more attention on whether the leveraged companies have a track record in specilaising in leverage. In addition, whether these companies possess a stable recurring cashflow such as subscription based.(Cable companies, airplane parts),