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Founders: #110 Henry Singleton (Teledyne)

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What I learned from reading Distant Force: A Memoir of the Teledyne Corporation and the Man Who Created It by Dr. George Roberts. ---- Henry was much more than a salesman, mathematician, engineer, inventor, and chess champion. He was a student. An observer of the history of manufacturing, of the progress and growth of corporations from the days of Henry Ford, the growth of General Motors, the manner of successful corporations in growing by acquisition. [0:01] Henry reminds me of de Gaulle. He has a singleness of purpose, a tenacity that is just overpowering. He gives you absolute confidence in his ability to accomplish whatever he says he is going to do. [2:00] Henry spent time doing exactly what we are doing — learned from entrepreneurs and great people of the past. [3:45] According to Buffett, if one 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 is a direct quote from Buffett: The failure of business schools to study men like Singleton is a crime. / "Henry Singleton of Teledyne has the best operating and capital deployment re

[00:01] A: In 1960, Henry Singleton formed a company named Teledyne to capitalize on the coming revolution in which digital technology would replace analog devices and systems in everything we could touch and imagine. They would apply semiconductors and digital technology to many fields of commerce. That company grew from $10 million in sales in 1962 to 3.5 billion in 1984. Henry was much more than a salesman, mathematician, engineer, inventor and chess champion. He was a student, an observer of the history of manufacturing, of the progress and growth of corporations from the days of Henry…

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