Michael Batnick
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
Fast forward.
It's not a mystery, is my point.
That mix explains the slide from $99 to $66 an hour in three years.
Maritime and aviation grow slowly and pay well.
Consumer grows fast and pays less each year.
But I think the bigger point that I am genuinely so curious to fast forward, how does the market absorb all of this supply that is coming?
And yes, it's a $2 trillion market cap.
The float is relatively small.
The numbers are big, $50, $75 billion.
But to Rupert's point, if there is success early on, it unlocks more float faster.
And what might that do to the market?
So Chartkin made this chart.
This is not inflation-adjusted, but whatever.
Not whatever.
It's not inflation-adjusted.
Okay.
In the dot-com bubble, what fueled the bubble was a true, and Josh, you were there, a true IPO mania.
Yep.
Okay.
So in 1998-