People from all over the world want to be in New York. This rather simple idea took me a long time to learn.
I started my career buying and owning single-family houses, and I know that's a really tough job. Toilets break. Trees fall. There are so many things that can go wrong. Land, on the other hand, is cheap to manage. It's painless, really. All you have to do is pay your taxes, and that's it.
The annual 'Forbes' Billionaires List speaks volumes about the movement and concentration of wealth across industries and geographies.
