Founders: #94 The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
David Senra 10/20/19 - Episode Page
What I learned from reading The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William Thorndike.
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[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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