CHAPTER 9

Radical Rationality

The Outsider’s Mind-Set

You are right not because others agree with you, but because your facts and reasoning are sound.

—Benjamin Graham

What makes him a leader is precisely that he is able to think things through for himself.

—William Deresiewicz, lecture to West Point plebe class, October 2009

Stepping back, we can see in figure 9-1 the value of a dollar invested with the outsider CEOs versus their peers, the broader market, and Jack Welch.

Pretty impressive—the numbers speak for themselves and nicely summarize the achievement of these extraordinary executives. These phenomenal records, however, were assembled for the most part last century. So the question is, are the experiences and lessons of these CEOs ...

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