There's an excellent book (you're probably aware of) called The Outsiders. It compares the results of operations focused CEO's like Welch to capital allocators like Buffett, Singleton, and Malone. The thesis is that overtime, the good cap allocators just blow everyone else out of the water.
http://www.amazon.com/Outsiders-Unconventional-Radically-Rat...
“An outstanding book about CEOs who excelled at capital allocation.” — Warren Buffett
Re:So, you want to learn bookkeeping
by spinchange on Monday March 07, 2016 @02:06PM
(#11240787)
I was not aware of this one but appreciate the recommendation! I've also been a follower of John Malone's over the years so this sounds like a very interesting read. Added to my list!
>For a business with resources, capital allocation is perhaps the most important concern and accounting is the toolset you work with
Warren Buffett, arguably the most successful capitalist ever, says when it really comes down to it, a CEO's job is essentially one thing: Capital ( or "resource") allocation.