We could have an investment that not only crushes it’s owner’s net worth, but does so even as they are losing their job and income! An environmental disaster happens nearby. The risk could be enormous! A plant closes. It should be subject to the fortunes of one country, one state, one city, one town…No! One neighborhood! Imagine if our investment could somehow tie its owner to the fate of one narrow location.Sometimes and in some places, none at all! If we can fix it to one geographical spot we can be sure at any given time only a tiny group of potential buyers for it will exist. Let’s say 5% commissions on the deal, coming and going. It should be expensive to buy and sell.We’ll make it something that takes weeks, no – wait – even better, months of time and effort to buy or sell.
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