The Outsiders

Contents

Preface: Singletonville

Introduction

An Intelligent Iconoclasm

1. A Perpetual Motion Machine for Returns

Tom Murphy and Capital Cities Broadcasting

2. An Unconventional Conglomerateur

Henry Singleton and Teledyne

3. The Turnaround

Bill Anders and General Dynamics

4. Value Creation in a Fast-Moving Stream

John Malone and TCI

5. The Widow Takes the Helm

Katharine Graham and The Washington Post Company

6. A Public LBO

Bill Stiritz and Ralston Purina

7. Optimizing the Family Firm

Dick Smith and General Cinema

8. The Investor as CEO

Warren Buffett and Berkshire Hathaway

9. Radical Rationality

The Outsider’s Mind-Set

Epilogue

An Example and a Checklist

Acknowledgments

Appendix: The Buffett Test

Notes

Further Reading

Index ...