Classic 10: Warren Buffett's Book Recommendation - The Outsiders

<p><strong>IN THIS EPISODE, YOU'LL LEARN:</strong></p><ul><li>06:25&nbsp;&nbsp;- Why you want the CEO to think more like a capital allocator than a traditional CEO.</li><li>09:23&nbsp;&nbsp;- How the best capital allocators create arbitrage on their own stocks.</li><li>24:39&nbsp;&nbsp;- Use to use debt intelligently when growing your company.</li><li>36:27&nbsp;-&nbsp;How and why the most profitable companies do not compete on price.</li></ul><p><br></p><p><strong>BOOKS AND RESOURCES:</strong></p><ul><li>William Thorndike’s book,&nbsp;<a href="https://www.amazon.com/gp/product/1422162672?ie=UTF8&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=2a5f6a352bd7d99e2b0bb7dcdc4e7831&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>&nbsp;The Outsiders – Read reviews of this book</strong></a>.</li><li>Additional resources on <a href="https://www.starcapital.de/en/" rel="noopener noreferrer" target="_blank"><strong>International P/E Ratios</strong></a>.</li><li>Free executive summary of&nbsp;<a href="https://www.theinvestorspodcast.com/billionaire-book-club-executive-summary/the-outsiders/" rel="noopener noreferrer" target="_blank"><strong>The Outsiders.</strong></a></li><li>Get access to some of the most sought-after real estate in the U.S. with <a href="https://crowdstreet.com/" rel="noopener noreferrer" target="_blank"><strong>Crowdstreet</strong></a>.</li><li>Find joy in comfort with <a href="https://fahertybrand.com" rel="noopener noreferrer" target="_blank"><strong>Faherty</strong></a>. Use promo code WSB to snag 20% off all your new spring staples!</li><li>Send, spend and receive money around the world easily with <a href="https://wise.com/tip" rel="noopener noreferrer" target="_blank"><strong>Wise</strong></a>.</li><li>Confidently take control of your online world without worrying about viruses, phishing attacks, ransomware, hacking attempts, and other cybercrimes with <a href="https://avast.com/" rel="noopener noreferrer" target="_blank"><strong>Avast One</stron