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PETER GRIFFIN 
I’ve just been listening to Sir Paul’s talk again – smart man.
However, there are no suggestions of how we identify what the industries are that we will succeed at. Is the underlying message that we should invest in a range of research and then invest more in any promising technologies that emerge, rather than decide on what we want our expertise should be first and invest in it to the exclusion of other research?
I would go for the former – wonderful things can come from serendipity & deciding in advance what we want to be good at would tend to exclude that.