Profiles of eight unconventional CEOs who dramatically outperformed the S&P 500 through superior capital allocation: Buffett, Singleton at Teledyne, Malone at TCI, Katharine Graham at the Washington Post, and others. What they shared wasn't industry expertise — it was decentralized operations, rational capital allocation, and total indifference to consensus. The CEO as investor, not operator.

The case for it, the case against, and the rest of the canon open with Pro.