Terry Smith: Invest In Businesses That Can Be Run By An Idiot!

  1. During his recent Annual Shareholder meeting, Terry Smith explained why you should invest in businesses that can be run by an idiot!
  2. 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.
  3. 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.


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