Summary: Did you know corporate taxi medallions in New York City fetch close to $1M? Continuing to look at alternative investments, I stumbled upon investing in taxi medallions. The data show that a NYC taxi medallion would have returned 16% per year on average for the past 60 years -- smoking traditional asset classes. Medallion Financial's (Nasdaq: TAXI) CEO, Andrew Murstein joins us to talk about the particulars of the taxi business and how he's grown his firm into the largest financing arm of taxi medallions. You'll learn: * how to purchase a medallion * how much a taxi driver makes * how to finance a medallion * why industry dynamics have made taxi medallions great investments over the long term * what the future holds for the investment Thanks for joining us on Tradestreaming. We appreciate your support. Check back at www.tradestreaming.com for new shows and show notes.
