After investing for close to a decade now, I am starting to realize that when it comes to investing, “Less is more”. Sorry for sounding too philosophical but what I mean is this: Sometimes, it’s better to invest in companies with a simple-to-understand business model rather than digging deep into a complicated business like Noble Group Limited (SGX: CGP), hoping it might be an undervalued stock. I used to be an investor who liked the challenge of looking at complicated businesses and possibly finding hidden value I could take advantage of. However, over the years, I see myself looking at simpler and simpler businesses as investment targets. Finding hidden value in a complicated business can be great fun, however it can make your portfolio more volatile than normal. This is because a complicated business or turnaround situation often has a binary outcome. This means that either the company thrives spectacularly ......