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Nalanda Capital’s “Permanent Portfolio” of India’s best-run companies

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What I Learned About Investing from Darwin, is a great book recommendation for anyone interested in value investing, regardless of geography or market. It is jam packed with wisdom from Nalanda Capital’s 16 years of investing in Indian businesses. From 2007 to 2023, the fund generated annualized returns of 20.3% after fees compared to 10.9% for the Indian indices1. Pulak also draws parallels between the world of investing and evolutionary biology, hypothesizing that the ruthless capitalist system results in the long-term survival of only the fittest businesses. Nalanda’s investment approach Avoid big risks Buy high quality at a fair price Don’t be lazy - be very lazy This approach requires them to focus solely on the “best-run” businesses, measured by high returns on capital and prudent management. They are long-term investors, with their favourite holding period being “forever”. These are the four key elements for a “permanent investment” at Nalanda: Unlike most other investors, Nalan

Indian equities Nalanda Capital’s “Permanent Portfolio” of India’s best-run companies The new book by Pulak Prasad, Nalanda Capital’s Founder, is a captivating read for both investors and evolutionary biologists! Open Source Investor Apr 14, 2024 158 15 16 Share What I Learned About Investing from Darwin , is a great book recommendation for anyone interested in value investing, regardless of geography or market. It is jam packed with wisdom from Nalanda Capital’s 16 years of investing in Indian businesses. From 2007 to 2023, the fund generated annualized returns of 20.3% after fees compared to

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