Emerging Markets: India, Brazil, Africa for Consumer Growth (SE, MELI)

The discussion highlights the growth of middle classes in emerging markets like Brazil, India, China, and Africa, suggesting high ROI due to billions of new consumers. Several specific investment ideas emerged, including SE (Sea Ltd, a major e-commerce and gaming company in Southeast Asia) and MELI (MercadoLibre, often called the "Amazon of Central and South America") as companies well-positioned to capture this growth. Industries like telecoms, fintech, consumer goods (e.g., air conditioning, furniture), grocery stores, and utilities are also mentioned positively. While there's some debate and skepticism regarding individual countries, the overall sentiment points towards significant long-term growth opportunities in these regions.