The things extreme investments have in common are limited supply and expected stability. On the limited supply side, you can’t significantly increase the number of New York penthouses nor the number of cozy Central London Victorian houses. So, we have to look for investments where the demand will outpace supply while the supply is relatively fixed. Given the global expansive monetary policies, we can continue to expect a constant increase in the supply of money which makes price explosions like the ones we described at the beginning of this article even more likely to happen in the future. On
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