Old Bridge Capital Management is invested in names which benefit from spending in infra and capex, said Kenneth Andrade, Founder & CEO of the company.
“I think everything that is got to do with infrastructure, capex, businesses that are getting outsourced, because we are very important participant to the global supply chain, that is where we are putting all our investments," he said in an interview to CNBC-TV18.
Andrade believes that good quality companies which have not delivered in last decade should do well whereas stocks which delivered between 2010 and 2020 won't deliver in the next decade.
“We have a bias towards cyclicals. We have got a bias towards everything that has not delivered over the last decade,” he said.
“In terms of 2003-2008, it was all about corporate India and balance sheet expansions. The same balance sheets that expanded in that decade actually contracted in the last decade which was 2010 and 2020. So I am basically of the opinion that history will repeat itself and we are going back somewhere between 1995 expansion and 2008 expansion," he reasoned.
"The other thing I don’t think will happen is the past will never be continuous. So whatever has delivered over the last decade will remain good companies, but a lot of that is already there in the price,” he added.Watch the video for more