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Why Simple Businesses are More Successful?

I always wondered that the most simplest businesses were most successful and was not able to find an answer to it; till the time I found this quote from Peter Lynch which convinced me the reasoning behind it.

Peter Lynch a renowned stock guru has stated that Go for a business that any idiot can run - because sooner or later, any idiot is probably going to run it.

Now I understand the reason that why Warren Buffett never invested in technological companies as he never understood their business and was saved the ordeal of going through the tech bubble. You can buy Peter Lynch Book at Amazon here.

You can read more Peter Lynch writeups here.

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