Look at the Philippines tycoons. What are their businesses? The wealthiest are in basic necessities:
water, telecons, tollways, electricity, airports, infrastructures
That is the problem: they have monopolized the business and the large cap ex excludes everybody else.
One time I joined a roadshow on govt offices for energy. I talked to some Japanese keiretsu representatives. And they said that they will consider anything that is basic necessity as an investment worth looking into: food like - galunggong shrimp
You do not need to be rocket scientist to find out about attractive business.
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