Thorndike noticed that these eight iconoclastic leaders all took a similar approach to capital allocation. They focused on investing their companies' profits to repurchase their own stock when prices were optimal. But they generally avoided very large acquisitions, accruing debt, and paying dividends.
Think of the CEOs who made the strongest rates of return for investors and built the most durable businesses. But also others who are virtually unknown, like Henry Singleton - an electrical engineer who ran Teledyne Technologies from 1960 to 1986. In this episode, you'll learn how effective capital allocation strategies can generate wealth for shareholders.
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