Tag: Quotes on Investing

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

Investing is a unique profession in which inactivity can be hugely rewarding. It has been so for us. We will continue to be lazy. Very lazy.

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

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 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