Henry Singleton

Henry Singleton was the founder and CEO of Teledyne. In the 1981 Letter, Buffett praised him as a "managerial superstar" who excelled in capital allocation, particularly through share repurchases.

📈 Capital Allocation Pioneer

Singleton was one of the first CEOs to aggressively repurchase his company's stock when it was undervalued, a move Buffett highly admired.

• Master Allocator: Buffett noted that Singleton recognized the high "crossbar" of interest rates and adjusted his deployment of capital accordingly.
• Share Repurchases: Between 1972 and 1984, Teledyne repurchased about 90% of its shares.

🔗 Connections

• Company: Teledyne
• Contemporary: Tom Murphy, Ben Heineman
• Philosophy: Share Repurchases, Capital Allocation