Buffett Said “It’s A Crime That Business Schools Don’t Study Men Like Henry Singleton”
Singleton achieved an 18% compounded annual return over 25 years
Through an aggressive acquisition & buyback strategy.
His top 13 investing principles:
🧵
Singleton achieved an 18% compounded annual return over 25 years
Through an aggressive acquisition & buyback strategy.
His top 13 investing principles:
🧵
1/
“It’s good to buy a large company with fine businesses when the price is beaten down over worry about one problem.”
“It’s good to buy a large company with fine businesses when the price is beaten down over worry about one problem.”
2/
“We’ve seen what happens to companies whose chief executive gets the best press. They are often the ones who end up with the least profits.”
“We’ve seen what happens to companies whose chief executive gets the best press. They are often the ones who end up with the least profits.”
3/
“We tried to buy good companies to start with. We don’t think there are supermen who can renovate them and transform them into wonderful, highly profitable enterprises. We can’t do it, and history shows that nobody else can do it, either.”
“We tried to buy good companies to start with. We don’t think there are supermen who can renovate them and transform them into wonderful, highly profitable enterprises. We can’t do it, and history shows that nobody else can do it, either.”
4/
“I do not define my job in any rigid terms but in terms of having the freedom to do what seems to me to be in the best interests of the company at any time.”
“I do not define my job in any rigid terms but in terms of having the freedom to do what seems to me to be in the best interests of the company at any time.”
5/
“The idea of indexing isn’t something I believe in or would follow.”
“The idea of indexing isn’t something I believe in or would follow.”
6/
“Our accounting is set to maximize cash flow, not reported earnings. Smoothing reported earnings just has to take a backseat.”
“Our accounting is set to maximize cash flow, not reported earnings. Smoothing reported earnings just has to take a backseat.”
7/
“I believe in maximum flexibility, so I reserve the right to change my position on any subject when the external environment relating to any topic changes too.”
“I believe in maximum flexibility, so I reserve the right to change my position on any subject when the external environment relating to any topic changes too.”
8/
“Just buy good value and when the market is ready, that value will be recognized.”
“Just buy good value and when the market is ready, that value will be recognized.”
9/
“Our attitude toward cash generation and asset management came out of our own thought process. It is not copied. After we acquired a number of businesses we reflected on aspects of business. Our own conclusion was that the key was cash flow.”
“Our attitude toward cash generation and asset management came out of our own thought process. It is not copied. After we acquired a number of businesses we reflected on aspects of business. Our own conclusion was that the key was cash flow.”
10/
“I believe in maximum flexibility, so I reserve the right to change my position on any subject when the external environment relating to any topic changes too.”
“I believe in maximum flexibility, so I reserve the right to change my position on any subject when the external environment relating to any topic changes too.”
11/
“I know a lot of people have very strong and definite plans they’ve worked out on all kinds of things, but we’re subject to a tremendous number of outside influences and the vast majority of them cannot be predicted, so my idea is to stay flexible.”
“I know a lot of people have very strong and definite plans they’ve worked out on all kinds of things, but we’re subject to a tremendous number of outside influences and the vast majority of them cannot be predicted, so my idea is to stay flexible.”
12/
“I have nothing against a stock split. I did two in the Sixties, but this is really a non-event. So is the stock dividend. It’s really paper shuffling.”
“I have nothing against a stock split. I did two in the Sixties, but this is really a non-event. So is the stock dividend. It’s really paper shuffling.”
13/
“I like to steer the boat each day rather than plan ahead way into the future.”
“I like to steer the boat each day rather than plan ahead way into the future.”
14/
I built a Warren Buffett Blueprint for Finding High Quality Stocks.
It shows you how to build a high quality list of stocks, based on Warren's core rules:
Get it FREE here:
download.valueinvestoracademy.com
I built a Warren Buffett Blueprint for Finding High Quality Stocks.
It shows you how to build a high quality list of stocks, based on Warren's core rules:
Get it FREE here:
download.valueinvestoracademy.com
15/
I dissect the:
- Investing techniques
- Stock holdings
- Stories
of the world's greatest investors.
Follow for more:
@ValueInvestorAc
Enjoyed this? Please help us reach a greater audience, retweet the 1st tweet of this thread. Thanks!
I dissect the:
- Investing techniques
- Stock holdings
- Stories
of the world's greatest investors.
Follow for more:
@ValueInvestorAc
Enjoyed this? Please help us reach a greater audience, retweet the 1st tweet of this thread. Thanks!
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