Evolution And Investing

Last weekend, I finished reading - What I learned about investing from Darwin . It is a fascinating book that shows how evolution theory can be used to create an investment strategy. I might be biased towards liking the book because I used evolution theory to explain how Silicon Valley works . I found the following two concepts particularly interesting: 1. One selected behavioral trait of animals can trigger many physical changes in animals over generations. Following edited excerpt clarifies the idea: A sixty-year-long study focused on selecting silver foxes for only one trait: their willingness to be tamed. The researchers were not interested in body size, coat color, skull shape, ear stiffness, or any other physical characteristics. They took great care to ensure that selection was based solely on tameness. However, this single behavioral characteristic triggered many physical changes in the animals. This principle is applied at Nalanda Capital (NC), the investment firm ...