Big wealth creation does not happen in well-discovered, well-researched sectors. It happens in sectors that are not much-talked-about on the street; where macro changes are taking place. Just to put this in perspective: Defence and railways stocks are today well-discovered and get high valuations. But was anyone talking about them five years ago? No. Similarly, there are sectors that are going through macro changes. Some because of policy changes and some because of the fact that when an economy reaches a certain level of maturity, these sectors also reach an inflection point. They may not grab headlines today. But they may be the talk of the street a couple of years down the line.
