Late last year I read about a woman who bought 100 Christmas presents for each of her three children. The accompanying photo showed the proud mother beside a shoulder-high pile of presents engulfing a large Christmas tree. Little is valued because 'things' are so plentiful and can easily be replaced or upgraded to a better, shinier version. What would investing be like if, unlike the generous Christmas mum, we couldn't buy and sell readily? And is this investment likely to grow in value over time, so it deserves a place next to my other treasured assets?

Source: New Zealand Herald January 12, 2017 17:02 UTC