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Nick Gogerty
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Nick Gogerty he has worked at a value based hedge fund, a quant forex desk and debt prop desks, various technology and marketing firms and a deep future science research lab as well as one of the world's largest hedge funds. He is to be a guest lecturer at Columbia's Value Investing program fall... More
My company:
Thoughtful Capital Group
My blog:
The Nature of Value
My book:
The Nature of Value: How to invest in the adaptive economy.
  • Economics Meets Evolution...in New Book The Nature Of Value 0 comments
    Jul 10, 2014 11:04 AM

    Economics meets Evolution in new book, The Nature of Value from Columbia University Press.

    Free chapters and mobile app for iphone and android at www.thenatureofvalue.com

    Caveat: I am the author of this book.

    Some reviews from noted academics and value investors:

    "Nick Gogerty has done a phenomenal job of developing and clarifying economic value when it comes to equity investing. His book incorporates new thinking about the economy as a dynamically evolving, complex, adaptive system. Gogerty introduces new ways to apply these concepts on the granular scale of the firm. This book will certainly enhance the reader's ability to make good investments and is a must-read for any thoughtful investor."

    --Guy Spier, Managing Partner, Aquamarine Capital,
    author of The Education of a Value Investor

    ...It is impossible to read this book and not think about how it applies to your own business. ...I have a raft of notes that I think will be of value to my consulting clients... ...You don't have to agree with Gogerty's points to get benefit from the ecological perspective... The ideas are straightforward, but multilayered, deep, and important. This is a book I will re-read, refer to, and think about for years to come. Tom Brakke researchpuzzle.com/blog/2014/06/11/the-nature-of-value/

    In the great tradition of Charlie Munger's 'worldly wisdom,' Nick Gogerty delivers a multidisciplinary approach to finding investment value. Through brilliant graphics and a unique lens, he educates the reader on how to discern investment opportunities that go well beyond currently reported financial results to gain insights into how value shifts over time. Any investor who feels the 'value investing' paradigm is lacking in its ability to navigate our increasingly complex world will benefit from the tools Gogerty offers.

    (Paul Johnson, Columbia Business School)

    The convergence of economics and biology is fertile ground that offers a path out of the dark age of static equilibrium and efficient markets. Nick Gogerty's illuminating book gives us a deeper and more robust understanding of the complex dynamics that create and sustain value.

    (Steve Waite, author of Quantum Investing and Boomernomics)

     

    From the Inside Flap


    USING EVOLUTION as the template to understand
    growth, The Nature of Value takes a firstprinciples
    approach to explore the parallels
    between economic and ecological systems. Not
    only does Gogerty show how value is born out
    of tiny sparks of adaptive innovation, but he
    also explores the full scope of the economy as
    a complex network. He borrows from an array of
    disciplines--including anthropology, psychology,
    ecology, physics, sociology, and ethics--and,
    most revealing of all, examines how evolution's
    processes can help investors avoid risk and
    improve their allocation decisions.

    Starting with a look at how innovation creates
    value for firms, Gogerty considers the economic
    niches where companies compete and explores
    how they can create defensive moats to enhance
    their ability to survive. Throughout the book,
    Gogerty demonstrates how this ecological understanding
    of the economy can help allocators
    improve their performance, supporting his arguments
    with extensive data and years of practitioner
    experience from scientific, social, and economic
    disciplines. Gogerty's practical takeaways,
    couched in vivid explanations and accompanied
    by intuitive illustrations, help investors of all
    backgrounds gain fresh insight into the behavior
    of corporations and the economy in general.

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