What I Learned About Investing from Darwin
Columbia University Press (Verlag)
978-0-231-20348-7 (ISBN)
Pulak Prasad offers a philosophy of patient long-term investing based on an unexpected source: evolutionary biology. He draws key lessons from core Darwinian concepts, mixing vivid examples from the natural world with compelling stories of good and bad investing decisions—including his own. How can bumblebees’ survival strategies help us accept that we might miss out on Tesla? What does an experiment in breeding tame foxes reveal about the traits of successful businesses? Why might a small frog’s mimicry of the croak of a larger rival shed light on the signs of corporate dishonesty?
Informed by successful evolutionary strategies, Prasad outlines his counterintuitive principles for long-term gain. He provides three mantras of investing: Avoid big risks; buy high quality at a fair price; and don’t be lazy—be very lazy. Prasad makes a persuasive case for a strategy that rules out the vast majority of investment opportunities and advocates permanently owning high-quality businesses.
Combining punchy prose and practical insight, What I Learned About Investing from Darwin reveals why evolutionary biology can help fund managers become better at their craft.
Pulak Prasad is the founder of Nalanda Capital, a Singapore-based firm that invests in listed Indian equities and manages about $5 billion. He was previously the cohead of India for Warburg Pincus, a global private equity firm, and worked at the management consulting firm McKinsey for several years.
Acknowledgments
Introduction
Part I. Avoid Big Risks
1. Oh, to Be a Bumblebee
Part II. Buy High Quality at a Fair Price
2. The Siberian Solution
3. The Paradox of McKinsey and Sea Urchins
4. The Perils of a Pavlovian
5. Darwin Ate My DCF
6. Bacteria and Business Replay the Tape
7. Don’t Confuse a Green Frog for a Guppy
Part III. Don’t Be Lazy—Be Very Lazy
8. Birds and Bears Bare an Aberration
9. Eldredge and Gould Dredge Up Investing Gold
10. Where Are the Rabbits?
Conclusion
Notes
Index
| Erscheinungsdatum | 10.03.2023 |
|---|---|
| Zusatzinfo | 18 figures, 15 tables |
| Verlagsort | New York |
| Sprache | englisch |
| Maße | 156 x 235 mm |
| Themenwelt | Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Geld / Bank / Börse |
| Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung | |
| ISBN-10 | 0-231-20348-9 / 0231203489 |
| ISBN-13 | 978-0-231-20348-7 / 9780231203487 |
| Zustand | Neuware |
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