(Bloomberg) – TPG co-founder Jim Coulter drew on evolutionary biology to paint the investment landscape Wednesday.
"It turns out that Darwin is a bit wrong," he told the audience at Bloomberg's Year Ahead Summit in New York.
Rather than evolutionary changes happening slowly over time, Coulter said moments of stability are followed by rapid change, known as punctuated equilibrium. That creates investment opportunities, the billionaire said.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
