Keith Richards, in his autobiography Life: "Ian Stewart used to refer to us affectionately as "my little three-chord wonders". But it is an honorable title. OK, this song has got three chords, right? What can you do with those three chords? Tell it to John Lee Hooker; most of his songs are on one chord. Howlin' Wolf stuff, one chord, and Bo Diddley. Songs like "Honky Tonk Women" and others all leave those gaps between the chords".
Adapted from the following source: Keith Richards, Life, Weidenfeld & Nicolson, 2010.
Suggested further reading on the five-string guitar playing: Life, p. 241-247.