Tag: Quotes from What I Learned About Investing from Darwin book

As permanent owners, we at Nalanda …

As permanent owners, we at Nalanda have no interest in a business owned or run by someone who defrauds customers, suppliers, employees, or shareholders. When we come across such a person, we don’t ask if the business is cheap enough for the risk to be mitigated; we don’t ask if we could persuade this individual to change; we don’t ask if their crimes are trivial enough to ignore. We simply walk away.

– from What I Learned About Investing from Darwin book by Pulak Prasad

The capitalist world is a Boston …

The capitalist world is a Boston Marathon that never ends – there is no respite at the end of a punishing two-hour race. The race goes on and on and on and on and on: 24 hours × 7 days a week × 365 days a year. It’s unending, unrelenting, unforgiving.

– from What I Learned About Investing from Darwin book by Pulak Prasad

We at Nalanda love stable, predictable …

We at Nalanda love stable, predictable, boring industries. Give us electric fans over electric vehicles, boilers over biotech, sanitaryware over semiconductors, and enzymes over e-commerce. We like industries in which the winners and losers have been largely sorted out and the rules of the game are apparent to everyone. For everything else, thanks, but no thanks.

– from What I Learned About Investing from Darwin book by Pulak Prasad

We want to be permanent owners …

We want to be permanent owners. We don’t invest unless we think we can own a business forever. A bad business that is dirt cheap? Pass. A mediocre business at a low price? Thanks, but no thanks. A high-quality business at a fair price? Give me more so I can never let go.

– from What I Learned About Investing from Darwin book by Pulak Prasad