Milgram: Taxi medallions will become capital assets for autonomous vehicle fleets
Andrew Milgram · The Data on America's Economic Split | Andrew Milgram Interview · Invest Like The Best · Aug 5, 2025 · at 54:38
Andrew Milgram, Co-CIO of Marblegate Asset Management, discusses the impact of autonomous vehicles on the New York City taxi medallion system.
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“While autonomous will probably someday displace the driver and therefore displace their earnings power, you can swap that earnings power for the ability to contribute capital, right? So the medallion becomes a capital asset that they contribute into the system, and they can cut an individual economic relationship with what other autonomous operator is in the system at that time.”
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