Updated: April 26, 2023
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What you’ll hear in this episode:
Charles Darwin is known as the Father of Evolution. One quote that is commonly attributed* to him states:
It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.
This statement about natural selection carries valuable lessons on business, investments, and personal finance.
Particularly, how being adaptable to change allows investors to adjust their strategies and rebalance their portfolios according to economic conditions.
Or how businesses can survive the competition and unpredictable markets by being agile. And how one can survive through tough times by being flexible with one’s budget and spending.
Excerpts and Highlights:
Don’t overly speculate on where the market will go. Instead, monitor the market and adapt your investing strategy according to what’s actually happening in the market.
Agility is one of the keys to a successful business.
*Erratum:
Charles Darwin didn’t really said or wrote this. It’s a paraphrased line from the writings of Leon C. Megginson entitled, “Lessons from Europe for American Business,” published in Southwestern Social Science Quarterly (1963).
The original entry states:
According to Darwin’s Origin of Species, it is not the most intellectual of the species that survives; it is not the strongest that survives; but the species that survives is the one that is able best to adapt and adjust to the changing environment in which it finds itself.
The podcast was already released at the time this was discovered.
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