Marblegate's Milgram Explains Taxi Medallion Investment 🚖

Marblegate Managing Partner Andrew Milgram's initial reaction to investing in NYC taxi medallions was "That's the worst idea I've ever heard". What changed?

As Marblegate prepares to list its NYC taxi medallion-related assets, we thought it might be helpful for our readers to understand their investment thesis. Simply put, why did Marblegate invest so much money into the NYC taxi medallion market?

Who better to explain their thesis than Andrew Milgram, Managing Partner and Chief Investment Officer of Marblegate!

In a July 2022 interview published by Capital Allocators with Ted Seides, Milgram is asked to explain the origin story and thinking around investing in the distressed NYC taxi medallion market (Note: taxi medallion specific commentary starts at 33:38 and lasts about 10 minutes).