Better Than Warren Buffett

Warren Buffett compounded capital at annual rate of 20.1% for decades.

However, he doesn’t think he’s the GOAT.

Warren believes Henry Singleton “to have the best operating and capital deployment record in American business”.

Singleton got into the investing game later than Buffett, so he didn’t have as much time to compound his assets. But while he was at it, he clocked in at a 20.4% annual rate of return.

These feats made Singleton and Buffett all-time greats. But luckily, we don’t need to hits such highs for decades to create life-changing outcomes for our families, employees, and communities.

Instead, we just need to share their courage to ignore the crowd and trust our own judgment.

When everything was crashing in 2008, Buffett penned a New York Times opinion piece to Buy American. If you’d followed him into that trade, you’d have been handsomely rewarded.

Similarly, Singleton aggressively bought shares of his own company after it crashed from $40 to $8 in 1969. Almost no one joined him, despite Teledyne’s strong cash flows.

When the stock reached $175 two years later, they regretted not following the MIT-trained engineer.

Your mind and gut are on your team. Trust them.

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