What I Learned about Investing from Darwin

In this book, Pulak Prasad offers a unique approach to investing by leveraging principles from evolutionary biology.

He argues that the investment profession is in crisis, with most equity fund managers unable to beat the market over the long term.

Prasad draws lessons from Darwinian concepts, using examples such as bumblebees' survival strategies, experiments in breeding tame foxes, and a small frog’s mimicry of a larger rival to illustrate investment principles.

He outlines three key mantras for investing: avoid big risks, buy high quality at a fair price, and don’t be lazy—be very lazy.

The book advocates for permanently owning high-quality businesses and provides practical insights into how evolutionary strategies can improve investment decisions.