Description
Book SynopsisPulak 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.
Trade ReviewIn his wonderfully original and insightful book, Prasad makes a compelling case for the science of evolutionary biology informing the art of investing. From red deer and silver foxes to green frogs and dung beetles, he draws upon the work of Darwin and others to colorfully articulate many of the investment principles that have driven his remarkable success. -- Peter Ammon, CIO, University of Pennsylvania
I had the privilege of working with Pulak for nearly a decade. There are great investors and great minds: Pulak was always an unusual combination of both. His book brings both of those elements together—an architecture of investing that he has practiced for decades with great success—but constructed in an unusual way by comparison to phenomena in the natural world of evolutionary biology. The result is a fascinating and highly enjoyable experience that reminds us of the often simple answers to complex questions. -- Chip Kaye, CEO, Warburg Pincus
Pulak Prasad is proof of Charlie Munger’s adage that great investors thrive on multidisciplinary thinking. He has written a highly enjoyable and thought-provoking book that is a master class on both investing and evolution. -- Seth Alexander, president, MIT Management Company
What I Learned About Investing from Darwin conveys important lessons and concepts for those interested in disciplined, long-term investment. Prasad's writing is engaging, charming, and stimulating. -- Robert Wallace, CEO, Stanford Management Company
Star asset manager and founder of Nalanda Capital, a Singapore-based firm, Pulak Prasad has written a timely and practical guide. He uses a folksy style like Warren Buffett’s to relate each point to real-world examples, often from his own portfolio at Nalanda Capital. Doing so helps the narrative flow, which is much better than in many textbooks — another reason for investment professionals to pick up the book. * CFA Institute's Enterprising Investor *
Table of ContentsAcknowledgments
Introduction
Part I. Avoid Big Risks1. Oh, to Be a Bumblebee
Part II. Buy High Quality at a Fair Price2. 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 Lazy8. Birds and Bears Bare an Aberration
9. Eldredge and Gould Dredge Up Investing Gold
10. Where Are the Rabbits?
Conclusion
Notes
Index
