Here are 100 books that The Outsiders fans have personally recommended if you like
The Outsiders.
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I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
The classic from 1972 is the book that inspired me to write 100 Baggers. Phelps studied all the stocks that returned at least 100 to 1 from 1932 to 1971. You’ll learn where to look for 100 to 1 stocks and what key traits to focus on. Phelps writes in a folksy and quotable manner as he expounds on his philosophy of buying right and holding on. He writes, “When I was a boy a carpenter working for my father made this sage observation: ‘A lot of shavings don’t make a good workman.’” Let Phelps show you the power of patient, long-term investing.
In 100 to 1 in the Stock Market, Thomas Phelps discloses the secrets and strategies to increasing your wealth one hundredfold through buy-and-hold investing. Unlike the short-term trading trends that are popular today, Phelps's highly logical, yet radical approach focuses on identifying compounding machines in public markets, buying their stocks, and holding these investments long term for at least ten years. In this indispensable guide, Phelps analyzes what made the big companies of his day so profitable for the diligent, long-term investor. You will learn how to identify and invest in profitable business models without visible growth ceilings that will…
I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
A companion to The Outsiders, Iddings and Cassel highlight eight more fantastic business builders, including Herb Kelleher at Southwest, Sol Price at Price Club, and Les Schwab at Les Schab Tire Centers. You see what strategies led to their great success and how you can look for similar business models and leaders in today’s markets.
How does a great company sustain and grow profits for decades? Many people are familiar with Warren Buffett’s analogy of a moat: various defenses to thwart competition. But moats are fleeting; they are here today and gone tomorrow. The more important question is, who builds and maintains moat? Intelligent fanatics do. These leaders build high-performance organizations that can dominate for decades. Intelligent Fanatics Project looks at the stories of eight intelligent fanatics who built dominant and enduring businesses. A $1,000 investment with each of these intelligent fanatics would, on average, have been worth $3.4 million thirty-seven years later—a 24.6% compounded…
I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
If you want to own stocks for a long time to go after those 100 baggers, you’ll need to own quality assets that you don’t need to trade frequently. This book will give you an important framework for how to evaluate business quality. There are good discussions here on competitive advantages, pricing power, industry structure, and brand strength, among other things. The book has plenty of examples and is not long or hard to read.
Quality. We all make judgments about it every day. Yet articulating a clear definition of quality in an investing context is challenging. This book addresses the challenge, and distills years of practical investing experience into a definitive account of this under-explored investment philosophy. Finance theory has it that abnormal outcomes do not persist, that exceptional performance will soon enough become average performance. Quality investing involves seeking companies with the right attributes to overcome these forces of mean reversion and, crucially, owning these outstanding companies for the long term. This book pinpoints and explains the characteristics that increase the probability of…
I am the Founder of Stellar Wealth Partners, a SEBI-registered Research Analyst firm and small case manager for investors in the Indian stock market. I am the author of the international best-seller on value investing, The Joys of Compounding. Once a strong foundation is created for a business, owners don’t work for money. Rather, money works for them. As an investor, your money is working for you 24/7. You are becoming wealthier with each passing second, alongside the increasing intrinsic value of your businesses. An investor builds earnings power through a business ownership mindset.
Some people love to make successful investing seem more complicated than it really is. In this anthology of essays and letters written between 2010–20, Terry Smith makes the case for simply buying the best companies in the world. These are businesses that generate large amounts of cash and know what to do with it in the form of sound capital allocation. The result is a powerful compounding of returns for the long term.
This book serves as a good reiteration of the thinking and principles underpinning Smith’s investing approach, including his three-step investment mantra: “Buy good companies. Don’t overpay. Do nothing.” It also highlights the nuances of the process, including why Smith favors return on capital employed (ROCE) and free cash flow (FCF) yield as metrics for assessing companies and why Smith is less enamored of measures such as earnings per share (EPS).
Some people love to make successful investing seem more complicated than it really is. In this anthology of essays and letters written between 2010-20, leading fund manager Terry Smith delights in debunking the many myths of investing - and making the case for simply buying the best companies in the world.
These are businesses that generate serious amounts of cash and know what to do with it. The result is a powerful compounding of returns that is almost impossible to beat. Even better, they aren't going anywhere. Most have survived the Great Depression…
Navigating through schools with profound behavioral challenges firsthand, I've felt the pressing need for a shift. An undeniable call. Enter Organizational Behavior Management (OBM), leadership, and systems thinking. Remember that school everyone had given up on? With the precision of OBM, and the right dose of leadership, I've seen it transform from chaos to cohesion. My role? Think of me as a coach, steering schools towards structured strategies, turning behavioral disruptions into harmonious learning ecosystems. In the intricate dance between behavioral science and leadership, I stand firm, unwavering in my commitment to reshape schools, ensuring they rise from their challenges to become paragons of growth and transformation.
Upon immersing myself in this book, it felt like connecting with a mentor, especially considering my deep respect for Daniels's earlier work, Bringing Out the Best in People. But make no mistake, this isn't your typical leadership guide. Through the Organizational Behavior Management (OBM) prism, Daniels reframes leadership by emphasizing not merely the actions of leaders but the consequential behaviors of their followers.
Sound familiar? It should. In both my experiences as a mixed martial arts and boxing coach and my endeavors in the educational sector, I've seen a consistent truth: The effectiveness of a leader or coach is mirrored in the performance of their team or students. Much like how a coach's strategy is made manifest in a fighter's execution, a school leader's influence is visible in the engagement and outcomes of their students.
Navigating through education, there's a clear intersection with Daniels's insights. As we endeavor to mold…
An innovative behavioral approach to leadership from the bestselling author of Bringing Out the Best in People
Management guru Aubrey Daniels delivers a proven, scientifically grounded approach to great leadership with Measure of a Leader. This book turns conventional leadership wisdom on its head, showing how to focus on the behavior of followers to craft a powerful leadership style.
Structuring their message around the indicators of follower behavior that predict a leader's influence, Aubrey and James Daniels show exactly how to impact the growth of a business, its customers, and the marketplace. Even more important, the authors' system gives managers…
My career journey started as an HR trainee in Karachi, Pakistan, and ended as the head of HR at two major companies. Across 31 years, I have worked for blue-chip companies like The Gillette Company, P&G, and Del Monte, building my own and observing firsthand many extraordinary careers. Unfortunately, for every person I observed who built a fantastic career, I have seen many more feel unsuccessful and unfulfilled in their careers. This is why I am passionate about using my knowledge and experience to help people navigate the challenges of the modern workplace and to provide them with the tools and strategies necessary to create their own extraordinary careers.
I picked up this book because I heard Carter Cast on a podcast and was very impressed with what he had to say.
This book isn't just a career guide; it's a game-changer. It resonates with me deeply because it's not about following a generic path to success but about embracing your unique strengths and qualities.
I like his refreshing and funny way of presenting his take on career success. His stories and actionable advice resonate with me because he has learned from his own career, which is also my story.
Nearly a quarter century ago Carter Cast seemed to have it all together: he had a first-class education, an all-American athletic career, and was a very bright and energetic rising star on the fast track at a Fortune 100 company, PepsiCo. But blissfully unaware of how negative perceptions were shaped, he was stunned when called into his boss's office, and told he was "unpromotable" because he was "obstinate," "resistant," and "insubordinate."
Baffled, scared, and embarrassed, that defining moment led to Cast's years-long effort to try to understand why he came so close to going off track, discovering that what he…
Everything in nature evolves by trial, error, and success—from fundamental physics, through evolution in biology, to how people learn, think, and decide.
This book presents a way of thinking and realistic knowledge that our formal education shuns. Stepping beyond this ignorance, the book shows how to deal with and even…
I’m fascinated with the relationship between personal growth and professional performance. Why is it in the same environment, doing the same work, some people can excel while others struggle? Most chalk it up to external circumstances that can’t be controlled. Others focus on tactics. But I’ve learned top-performers are masters at the human side of their work–the way they think, lead and serve–and that’s what gives them their edge. All of my work centers around infusing hard skills with improved soft skills, and getting better results in the process. That’s the stuff I find delicious, and it’s what I speak and write about.
There’s no shortage of books on management, but many rely too much on conjecture. This book pulls in hard data derived from Gallup's in-depth research, research I respect so much I reference it in my work. It offers a fresh perspective on what separates great managers from the pack.
I especially appreciated the way it focuses on employees' strengths. Any leadership approach that encourages managers to adapt to individuals is one I can get behind.
Gallup presents the remarkable findings of its revolutionary study of more than 80,000 managers in First, Break All the Rules, revealing what the world's greatest managers do differently. With vital performance and career lessons and ideas for how to apply them, it is a must-read for managers at every level.
Included with this re-release of First, Break All the Rules: updated meta-analytic research and access to the Clifton StrengthsFinder assessment, which reveals people's top themes of talent, and to Gallup's Q12 employee engagement survey, the most effective measure of employee engagement and its impact on business outcomes.
I have been interested in leadership style since my teenage years. My father was a leader in a retailing organization, and I was entranced by behaviors that seemed to connect with others and those that did not. As I grew older, I started to think about leadership style behaviors and models that might capture the most effective ones. While I recognize that leadership needs vary based on industry, scope, and tenure, I do believe that we all should know the leadership styles that are important to us to the extent that we can describe them if we are asked to do so.
Upon reflection, the most important part of my leadership career was when I first started to lead. This is when you either build habits that allow you to soar or engage in habits that lead you to crash and burn.
This book is a fantastic opportunity to see various leadership options and create positive and successful habits you can demonstrate throughout your career. Whether you are a “Backpacker” who leads by seeing new possibilities, exploring new terrain, and acting wholeheartedly, or a “Pioneer” who leads by building new tools and structures, improvising, and working relentlessly, almost all of us will fall into one of the four models, two of which I have listed above.
Any time I work with an individual who is a newer leader, this is a book I always recommend that they read.
Wall Street Journal Bestseller Is it possible to be at your best even when you are underqualified or doing something for the first time? Is it still possible, even after decades of experience, to recapture the enthusiasm, curiosity, and fearlessness of youth to take on new challenges? With the right mindset-with Rookie Smarts-you can. In a rapidly changing world, experience can be a curse. Careers stall, innovation stops, and strategies grow stale. Being new, naive, and even clueless can be an asset. For today's knowledge workers, constant learning is more valuable than mastery. In this essential guide, leadership expert Liz…
As a youth, I was very athletic and always aspired to be the captain of the team. I worked hard and was very driven to earn this right. As a business person, I have continued that passion for leadership. In addition, due to my sports experience, I am passionate about coaching others. I feel that with the right direction, the right motivation, and the right information, anyone can be successful. All of the authors for the leadership books I have recommended are also giving back to society in their own way. I hope you all enjoy the books on your journey to becoming a great leader!
This book identifies three keys to being a more effective leader: knowing your strengths and investing in others’ strengths, getting people with the right strengths on your team, and understanding and meeting the four basic needs of those who look to you for leadership.
I recommend this book because Tom Rath recognizes the need to understand one's own strengths so one can leverage them to lead others. This makes leadership more effective for all businesses. Tom describes a big difference between being a manager and a leader. I really like how Tom used real-world examples on this topic.
From the author of the long-running #1 bestseller StrengthsFinder 2.0 comes a landmark study of great leaders, teams and the reasons why people follow. A unique access code allows you to take a new leadership version of Gallup's StrengthsFinder program. The new version of this program provides you with specific strategies for leading with your top five strengths and enables you to plot the strengths of your team based on the four domains of leadership strength revealed in the book.
Nearly a decade ago, Gallup unveiled the results of a landmark 30-year research project that ignited a global conversation on…
I’m a serial entrepreneur who’s built and sold several startups. I’ve been helping non-venture-backed startup founders since 2005 and now I run the first startup accelerator for bootstrappers, called TinySeed. I’ve invested in 57 startups, but I don’t believe the only way to start a SaaS company is to raise money. I host the most popular podcast for bootstrappers, called Startups for the Rest of Us. I also run the most well-known conference and online community for non-venture-track SaaS founders, called MicroConf.
Knowing yourself can be difficult, but essential for success as a founder. Instead of focusing on our weaknesses, Rath argues that we should double down on what makes us unique and he provides us with the tools to discover those strengths. We wear many hats as startup founders, so by understanding our own strengths, we can be more effective leaders and build a more balanced team.
StrengthsFinder 2.0 features an access code for the new and upgraded version of the StrengthsFinder program, the main selling point of mega-bestseller Now, Discover Your Strengths (over a million copies sold).
Do you have the opportunity to do what you do best every day?
Chances are, you don't. All too often, our natural talents go untapped. From the cradle to the cubicle, we devote more time to fixing our shortcomings than to developing our strengths.
To help people uncover their talents, Gallup introduced the first version of its online assessment, StrengthsFinder, in the 2001 management book Now, Discover Your Strengths.…
