Overview

The investment profession is in a state of crisis. The vast majority of equity fund managers are unable to beat the market over the long term, which has led to massive outflows from active funds to passive funds. Where should investors turn in search of a new approach? 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.

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"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. Shawn K. Jain is a Harvard University/Moscow Art Theater School/A.R.T. Institute graduate. Shawn has TV credits for shows on Apple TV+, CBS, HBO Max, Amazon Prime, Showtime, and Peacock, and he has narrated audiobooks for Penguin Random House, Hachette, Bloomsbury, HarperCollins, Epic!, Blackstone, GraphicAudio, and HQN. Shawn can be heard on many episodes of the romcom podcast Meet Cute and on Atypical Artists' audio dramas Life with LEO(h) and Maxine Miles. He also voiced a migrant worker for UCLA Labor Center's Re: Work Radio podcast. Sean Daniels, artistic director of Arizona Theatre Company, said he finds ""few actors funnier in the world than Shawn."" Prior to saying yes to his calling to be an actor, Shawn was a communications and marketing professional who did important work with organizations like the ACLU and the International AIDS Society. Born and raised in Northern California, Shawn received his BA from UC Berkeley. In addition to acting, Shawn has several pilots in development. Shawn writes stories that deal with the brokenness of people and society (even when things seem glittering and beautiful on the outside). Shawn is queer and of South Asian descent. A native English speaker who is fluent in Spanish and conversant in Hindi, Shawn can do British, Farsi, Hindi, Indian, Urdu, and Arabic accents."

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