Peter Lynch, the investor who used to run Fidelity's Magellan fund used to have a saying that he wanted to invest in businesses that even his dumb nephew could

Peter Lynch, the investor who used to run Fidelity's Magellan fund used to have a saying that he wanted to invest in businesses that even his dumb nephew could run. The idea being, businesses that have great fundamental economics and competitive advantages are going to be much more sustainable and thus more likely to compound wealth over time. If you look at the lists, a lot of these are businesses that are fundamental and cater towards basic human needs/wants. For example, note all the hotels on the list. Maybe they have a fantastic really critical location in a country that has good property laws. That means you can keep transferring it through your bloodline and as long as nobody does anything too stupid (e.g.: take on crazy amounts of debt, go wild and de-worsify) the hotel should continue to exist.