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Founders

Close readings of founder biographies

Deep reads here1 / 461 episodes
Cadence~1 every 7.1 days
Latest2026-10-05
TopicsInvesting & Business
PriorityT3
49:04
Founders 0831

He bought back 90% of the stock, 20.4% annualized

Most CEOs only know how to operate, not how to allocate capital. Singleton treated capital allocation as the main job: when the stock was too cheap he bought his own stock, and when he couldn't find good companies he never issued another share.

8 Points 8 Quotes Capital allocationStock buybacks