Terry Smith: Invest In Businesses That Can Be Run By An Idiot!
- During his recent Annual Shareholder meeting, Terry Smith explained why you should invest in businesses that can be run by an idiot!
- Smith; One of the things that we’ve tried to operate on as a mantra over the years which we didn’t invent because we didn’t actually invent anything.
- And so things like consumer products companies, whilst it’s not ideal to have an idiot in charge, you’re probably going to survive, right.