“During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.” —Peter Lynch

In 1849, a farmer saw a glittering substance in a river nearby in California, USA. He had found a small pebble of gold. This led to a frenzy all over the USA and people from all over the country started marching towards California. This was a mass movement of would-be gold miners, people with aspirations to find riches in rivers and waters in the form of Gold. However, a minuscule percentage of people actually found gold. Whereas, people who were supplying and selling picks, shovels, alcohol, tents & blue-jeans made far greater sums of money and became rich. The famous jeans maker from the USA, Levi Strauss was born in this California Gold Rush. The story is covered in detail in this episode. 

The legendary investor Mr. Peter Lynch coined the term Proxy Investing. It means investing in companies that are act as a proxy to the sectors or phenomenons in the limelight. He practised this style of investing often in his tenure as the lead fund manager at Fidelity.

We'll tell you all about proxy investing in the Indian context. We will take a closer look at various sectors that are being touted as the next big thing and what opportunities these sectors put forth for the businesses that may serve as a proxy to their success. Themes that we will cover are Recycling, Fluorination, Cables & Wires, Consumption (Retail), Infrastructure & Auto Ancs.