INDUSTRY KNOWLEDGE AND SEARCH STRATEGY

Hello everybody,
I have a long-lived question that howevere is still not clear to me..

In one section of the PPM, "Search strategy", I have to declare an initial set of industries of interest.
Now in my mind the selection doesn't start from the industry, but from the opportunity: the market today is competititve, so you can be less picky, and given valuations you have a only a subset of viable opportunities. Out of those opportunities, I am to select the best one given price and industry.

Given my thoughts, do you think I should describe this process or should I present the a subset of industries anyway? If I present the industries, what is the knowledge I am required to have? I think that if I will show industries, potential investors will ask how much I know about them, which I think is risky given that I don't have specific industry knowledge.



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