Jump to content

Jimmy Ling Article mentioned in Buffett letter


LongHaul
 Share

Recommended Posts

It would be interesting if someone got him to compare Singleton and Ling. :) I think his attitude is rather subjective and possibly colored by personalities and results: Singleton succeeded (while he was at the helm ;)) and possibly was less abrasive than Ling. Looking from ten thousand feet (and 50 years ;)), I don't see much difference between the two in general.

Link to comment
Share on other sites

Singleton used Teledyne stock to buy companies with real earnings.  He did so until the market no longer paid a premium for conglomerates at which point he went in the opposite direction. 

 

Ling used LTV stock to buy companies with real earnings. He did so until he was kicked out of LTV, so he never had to handle the point when the market no longer paid a premium for conglomerates. He might have gone in the opposite direction too.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...