We have a number of potential new infrastructure investments forthcoming and – given the importance of infrastructure to our portfolio construction – we wanted to remind investors why Grant regards infrastructure as the “Prince of Asset Classes”.
At the end of the day, infrastructure has a lot of the upsides of equity-style investing while not having many of the downsides, and it also has a lot of the upsides of an inflation-protected bond without having many of the downsides. It is, in fact, an almost perfect investment. Even the “Oracle of Omaha” – Warren Buffett – when he was asked what a perfect investment would be, replied by saying “the only toll-bridge in town”.
Read on for a more fulsome explanation of why infrastructure is such an integral part of our portfolio design and why we are so excited at the re-ignition of the space after a period of lock-down induced doldrums. Full version linked below as a pdf you can download.