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Author: Pulak Prasad Publisher: Columbia University Press ISBN: 0231555075 Category : Business & Economics Languages : en Pages : 348
Book Description
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. Combining punchy prose and practical insight, What I Learned About Investing from Darwin reveals why evolutionary biology can help fund managers become better at their craft.
Author: Pulak Prasad Publisher: Columbia University Press ISBN: 0231555075 Category : Business & Economics Languages : en Pages : 348
Book Description
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. Combining punchy prose and practical insight, What I Learned About Investing from Darwin reveals why evolutionary biology can help fund managers become better at their craft.
Author: Robert Hagstrom Publisher: Columbia University Press ISBN: 0231160100 Category : Business & Economics Languages : en Pages : 218
Book Description
In this updated second edition, well-known investment author Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature.
Author: Dick Stoken Publisher: McGraw Hill Professional ISBN: 007178229X Category : Business & Economics Languages : en Pages : 224
Book Description
The science behind creating portfolios that adapt to market changes “After ten years of poor stock market returns and yet great bond and gold returns, there is a real thirst for an all-weather portfolio in a high-risk period. Dick Stoken builds that diversified portfolio and also introduces some timing methods to improve returns and lower risks. This is a very timely and useful book.” —Ned Davis, Senior Investment Strategist, Ned Davis Research, Inc. “Dick Stoken’s Survival of the Fittest for Investors is a masterful and unique dissection of what makes the market tick. It represents an indispensable and brand-new approach for the serious investor. A must on every investor’s reading list.” —Leo Melamed, Chairman Emeritus, CME Group “I selected Stoken’s Strategic Investment Timing as the Best Investment Book of the Year in the 1985 Stock Trader’s Almanac; Survival of the Fittest for Investors will be a leading contender for Best Investment Book of the Year in the upcoming 2013 edition.” —Yale Hirsch, founder, Stock Trader’s Almanac About the Book: Just as the animal kingdom is composed of many species, today’s financial systems are composed of a multitude of independent participants, all over the globe, all influencing the whole. Survival of the Fittest for Investors breaks down the science behind the behavior of these market participants to present a definitive system for building profitable portfolios based on the concept of natural selection. This advanced guide to the cutting-edge science of complex adaptive systems in financial markets tells you where to find and how to track the evolutionary instability underlying these markets. It shows how, with heightened insight and a powerful algorithm, you can survive and thrive in volatile markets by following the simple principles of evolution. Award-winning and critically acclaimed author Dick Stoken punches holes in the outdated, Newtonian cause-and-effect paradigm and helps you see financial markets from a Darwinian perspective, where they function as complex systems that have the ability to adapt. By using his state-of-the-art algorithm, Stoken demonstrates how you can use agent-based modeling to assess the actual way markets behave in order to maximize the upside of your asset allocation. Stoken shows that variation is the key to profitability by using three real-world portfolios, each balancing four major asset classes going back thirty-nine years. Each portfolio clearly demonstrates how to reap consistently impressive profits with lower-than-market risk—regardless of your investment style. Whether you take conservative, traditional, or leveraged positions, this book helps you create portfolios of equities, debt, gold, and real estate that have proven to beat the S&P 500 by up to 22.5 percent! After opening your eyes to the science of complex adaptive systems and the vitality of punctuated equilibrium, Survival of the Fittest for Investors helps you implement the know-how into nuts-and-bolts results by equipping you with such practical tools as: A 1-year/6-month algorithm for accurately simulating evolutionary fluctuations in markets A cutting-edge allocation strategy that takes advantage of our natural “herding” instinct Tips for recognizing and enduring “bubbles” Without Survival of the Fittest for Investors, the evolution of investing may leave your wealth behind.
Author: Kevin N. Laland Publisher: Princeton University Press ISBN: 069118447X Category : Science Languages : en Pages : 450
Book Description
Humans possess an extraordinary capacity for culture, from the arts and language to science and technology. But how did the human mind—and the uniquely human ability to devise and transmit culture—evolve from its roots in animal behavior? Darwin’s Unfinished Symphony presents a captivating new theory of human cognitive evolution. This compelling and accessible book reveals how culture is not just the magnificent end product of an evolutionary process that produced a species unlike all others—it is also the key driving force behind that process. Kevin Laland tells the story of the painstaking fieldwork, the key experiments, the false leads, and the stunning scientific breakthroughs that led to this new understanding of how culture transformed human evolution. It is the story of how Darwin’s intellectual descendants picked up where he left off and took up the challenge of providing a scientific account of the evolution of the human mind.
Author: Joseph Carroll Publisher: Oxford University Press ISBN: 0190231211 Category : Psychology Languages : en Pages : 385
Book Description
In its modern usage, the term "consilience" was first established by Edward O. Wilson in his 1998 book, Consilience: The Unity of Knowledge. Wilson's original thesis contained two parts: that nature forms a unitary order of causal forces, hierarchically organized, and that scientific knowledge, because it delineates nature, also forms a unitary order, promising consensus among diverse fields. Bringing together cutting-edge scientists and scholars across this range, Darwin's Bridge gives an expert account of consilience and makes it possible to see how far we have come toward unifying knowledge about the human species, what major issues are still in contention, and which areas of research are likely to produce further progress. Readers will be delighted as they, along with the work's contributing authors, explore the deeper meaning of consilience and consider the harmony of human evolution, human nature, social dynamics, art, and narrative.
Author: Mike Sutton Publisher: SCB Distributors ISBN: 1838128077 Category : Science Languages : en Pages : 148
Book Description
Patrick Matthew, in 1831, originated the complete theory of evolution by natural selection in his book On Naval Timber and Arboriculture, and did so before Charles Darwin and Alfred Wallace claimed to independently replicate it in 1858. Unjustly, and against the Arago convention on priority (a ruling that gives origination of any science theory to the first to publish), Matthew has been illicitly denied his priority on the grounds he never influenced anyone with his breakthrough. Today, Big Data research has uncovered Darwin’s science fraud by plagiarism, revealing evidence which proves beyond all reasonable doubt that he and Alfred Wallace both independently plagiarised the theory of evolution by natural selection from Patrick Matthew. Books have been newly unearthed in the publication record to show that at least 30 people cited Matthew’s work in published literature before 1858 and that several were known influencers of Darwin’s and Wallace’s work in the field. Additionally, several people in Darwin’s and Wallace’s social circles were first to be second into print using original terms coined by Matthew in his bombshell breakthrough book. This book reveals all the newly unearthed data and essentially explains it, alongside the deplorable treatment of Patrick Matthew, in scholarly historical context. Dr Mike Sutton further reveals, using social science participatory observation methods and experimental results, how members of the so-called Darwin Industry, enabled and facilitated by the deliberate publication of falsehoods and other grossly misleading editing on Wikipedia, have disgracefully worked to re-bury these newly unearthed facts by means of knee-jerk blind-sight ignorant rejection, blatant and deliberate fact-denial censorship, persistent and serious workplace harassment, obscene social media abuse, poison pen emails, lies, mischievous misrepresentation, and repeat research plagiarism.
Author: Dr. Elior Kinarthy, PhD Publisher: Xlibris Corporation ISBN: 1462816819 Category : Business & Economics Languages : en Pages : 215
Book Description
“This book is for people who want more money to live their dreams. I want to see you smiling when you make money you didn’t expect to make. This creative guide gives you unique psychological insights and rules. I train you to be a responsible, secure, confident and vigilant investor—who can ride with the bear and the bull markets!”
Author: Symon He Publisher: ClydeBank Media LLC ISBN: 1636100104 Category : Business & Economics Languages : en Pages : 309
Book Description
THE ULTIMATE BEGINNER'S GUIDE TO RENTAL PROPERTY INVESTING IN THE POST-PANDEMIC MARKET INCLUDES 8 HOURS OF ONLINE REAL ESTATE COURSES FROM THE AUTHOR + MULTIPLE FREE REAL ESTATE INVESTING TOOLS - FREE! Do you want to learn how to leverage rental property investment to produce lasting passive income, achieve financial freedom, create freedom of time, and build true wealth? Have you purchased rental property investment 'training' with so-called 'gurus' and come away with a lighter bank account and no clear path to rental property investing success? If so, look no further than Rental Property Investing QuickStart Guide, the most comprehensive, practical, beginner-friendly rental property investing book ever written. Owning rental property is the best way to generate a passive income stream, period. While other investment vehicles may come and go, rental property investing has stood the test of time. Direct real estate investments-and the income generated by rental properties-play a major part in minting millionaires on a regular basis. Not only do rental property owners enjoy positive cash flow in the form of rents paid, but each of the properties they own appreciates in value. With tax-advantaged profits and a high degree of control over your investments, rental property investing is an attractive and streamlined approach to wealth creation. In Rental Property Investing QuickStart Guide, bestselling author, course instructor, real estate investor, and veteran consultant Symon He breaks down everything that aspiring real estate investors need to know to build a thriving rental property portfolio. With over 300,000 students in nearly 180 countries and a bestselling real estate investing book under his belt, Symon knows exactly what new investors need to get right, what they should avoid, and how they can protect themselves from risk on their rental property investing journey. Successful rental property investors enjoy lasting financial freedom. Whether you are a complete beginner or want to grow an existing rental property portfolio, with Symon's expertise at your disposal you can accelerate your rental property investing journey and live the life you deserve!
Author: Lachlan Vidler Publisher: Major Street Publishing ISBN: 1922611077 Category : Business & Economics Languages : en Pages : 162
Book Description
A 10-step guide to achieving financial freedom through property investing. Property investing has long been recognised as one of the most successful long-term wealth creation strategies. With interest rates at all-time lows, it looks set to continue to be so. There are so many approaches to property investing, it's no wonder people struggle to understand the fundamentals that drive success in property. This comprehensive, easy-to-understand guide aims to educate readers on how they can begin their own property investment journey with ruthless military precision and efficiency. Written by two former military professionals, Lachlan Vidler and Tori Colls, A Military Guide to Property Investing presents the step-by-step method they followed to amass an impressive portfolio of properties while still in their twenties. Based on the military principles of strategy, discipline and execution, it offers a fail-safe plan to take control of your financial destiny.
Author: Curtis J. Montgomery Publisher: ISBN: Category : Business & Economics Languages : en Pages : 308
Book Description
“Some of the wisest words for investors can be found in this book, not only because of Curtis Montgomery’s extensive studies but also by the fascinating framework he uses. Applying Chinese philosophy and particularly that of Sun Tzu to investing make a lot of sense. Sun Tzu’s Art of War contains a great deal of wisdom applicable to investing and Montgomery illustrates this beautifully.” – Mark Mobius, Managing Director, Templeton Emerging Markets Fund, Author of Passport to Profits and Mobius on Emerging Markets “With this book, Curtis Montgomery has provided an enormous service to the investor and he stock market community. This book shows how to apply Sun Tzu’s timeless understanding of strategy to the stock market. Drawing on examples from today, and based on lessons from the past, this book belongs on the bookshelf of every serious investor.” – Franklin Lavin, U.S. Ambassador to Singapore “Investors from all cultures will enjoy Sun Tzu on Investing, as it makes relevant the universal paradox of business that strategy must be like water, with form yet formless, and most robust when it is least rigid. Such ancient Taoist insights are presented here in a fresh and entertaining style that will enlighten every investing mind.” – Dr. Ron Sim, Chief Executive Officer, OSIM International Ltd. “Few Westerners have such a deep grasp of the Taoist philosophy of Sun Tzu as Curtis Montgomery. By citing Buddha, Leonardo da Vinci, Charles Darwin and many other Montgomery unveils the profound depth of the Art of War. Read Sun Tzu on Investing and you are closer to Tao; the effortless way, winning without fighting.” – Dr Foo Check Teck, Author of Reminiscences of an Ancient Strategist: Mind of Sun Tzu
Author: Pulak Prasad
Author: Pulak Prasad
Author: Robert Hagstrom
Author: Dick Stoken
Author: Kevin N. Laland
Author: Joseph Carroll
Author: Mike Sutton
Author: Dr. Elior Kinarthy, PhD
Author: Symon He
Author: Lachlan Vidler
Author: Curtis J. Montgomery