DAILY WALL STREET WISDOM · #036
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“Go for a business that any idiot can run, because sooner or later, any idiot probably is going to run it.”
🇺🇸Peter Lynch
Former Manager, Fidelity Magellan Fund
WHO SAID IT
🇺🇸 Peter Lynch
Former Manager, Fidelity Magellan Fund
WHAT IT MEANS
Simple, durable business models are more resilient than complex ones. A company that depends on brilliant management is fragile; one that thrives despite average leadership has a truly great business model.
humor