How Teledyne Became Ordinary

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Henry Singleton is justly respected as one of the best capital allocators in history. He founded Teledyne in mid-1960, took it public less than a year later, and acquired over 130 companies in the 1960s, primarily in electronics, aerospace, and specialty metals. Then, in 1969, the company performed an abrupt about-face, stopped acquiring new businesses,…

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