Henry Singleton's Teledyne Strategy Explained
Henry Singleton ran Teledyne from 1961 to 1990, compounding shareholder returns at 20.4% a year through radical capital allocation. He kept corporate staff under 50 people for 40,000 employees, repurchased 90% of Teledyne's shares between 1972 and 1984, and concentrated stock bets in five companies he knew well.
