The best companies often have simple business models that are easy to understand at a glance. In contrast, companies with complex operations are less likely to be truly great. Just like a jack-of-all-trades can sometimes be seen as ineffective—trying to do everything but excelling in nothing—take a look at Guo Guangchang’s Fosun $FOSUN INTL(00656)$ . They attempt to engage in various businesses, yet none stand out as exceptional. In contrast, Alibaba owns the most profitable e-commerce platform in the world, Tencent $TENCENT(00700)$ boasts the most lucrative gaming platform globally, and ByteDance operates the world’s most profitable video service platform. This highlights how simplicity and focus often lead to superior success in business.
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