Value difficult to find

Founder and Chief Investment Officer of Montgomery Investment Management
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With asset prices across all classes now reaching record highs, including and perhaps especially assets that produce no income such as the two digit New South Wales number plate that sold for $745,000 – an Australian record, and the Basqiat painting selling recently for US$110.5 million – a record for a post 1980 painting and a record for an American artist, it’s not unsurprising that there’s precious few assets trading at prices that represents good value.

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