Founders: #94 Henry Singleton (The Outsiders)

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What I learned from reading The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William Thorndike. ---- [0:30] The failure of business schools to study men like Henry Singleton is a crime— Warren Buffett [2:40]Buffett and Singleton: Separated at birth? [8:35]The Singular Henry Singleton [14:40] Supremely indifferent to criticism [19:50] Teledyne breaks up huge business into a bunch of small profit centers [29:30] Risk is controlled. Divisions will remain relatively small.[32:00} Building a cash generating machine [36:30] Bet heavily when you have an edge. [44:00] Singleton has found a way to run a multibillion dollar company in an entrepreneurial, innovative way. [50:16] Singleton had a different focus: Capital allocation. [50:37] Getting Rich vs Staying Rich [55:18] What the people profiled in this book have in common [59:00] Early career and the founding of Teledyne [1:00:38] How Henry Singleton thought about acquisitions 1:02:00] Actions express priority [1:07:12] Ruthlessly cut fat [1:11:20] Stay within your cirlce of competence and bet heavy[1:16:30] Singleton on Time Management [1:19:19] If everyone is doing them, there must be somet

[00:01] A: According to Warren Buffett, if you took the top 100 business school graduates and made a composite of their triumphs, their record would not be as good as that of Singleton, who, incidentally, was trained as a scientist, not an mba. Here's a direct quote from Buffett. The failure of business schools to study men like Singleton is a crime. Buffett has also said that Henry Singleton has had the best operating and capital deployment record in American business. Charlie Munger has said Singleton's financial returns were a mile higher than anyone else. Utterly ridiculous. Okay, so I'm…

Founders: #94 Henry Singleton (The Outsiders)

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