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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.

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