Founders Misfit Feed

#94 The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

Episode Summary

What I learned from reading The Singular Henry Singleton and The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

Episode Notes

What I learned from reading The Singular Henry Singleton and The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success.

[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 something wrong with them. — Henry Singleton

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