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“The capex that will be needed for tomorrow's world will be very different. India is taking the lead in some of those sectors and maybe in the next few years, once people have a little more clarity in terms of the technological changes and what is happening in the world, and then put up large money on the table and commit large sums.”
“The next one year may not be very exciting for value investors because all of us know it is very rich valuations in general, so we have to go bottom-up stock pickers or business pickers, very selective, looking at the future of these companies and the verticals they are operating in and that way it is exciting. But in general, hurrying to pick stocks at these valuations, is not going to work.”
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