Founders · Aug 31How Henry Singleton Worked
Singleton left after it was clear he would not succeed Tex Thornton, and its president rejected his semiconductor push as too crowded. Later, Litton was the biggest holding in Teledyne's insurance portfolios at 25%.
Tips
- Henry Singleton bought stakes in public companies instead of overpriced whole companies▶ 34:51Munger said that like Buffett and himself, Singleton was comfortable with concentration and bought only a few things he understood well.
- Henry Singleton left Litton and founded Teledyne on a semiconductor conviction his boss rejected▶ 24:12Teledyne became public in 1961 and grew into one of the most successful companies ever built.
