One giant buyer can distort a whole market
Quote
So it's it's one of those things where you come in you got the you've got this new player that comes in and just distorts the market.
Episode 99: Airhorns are LIT! (episode page, opens in a new tab) 01:30:48 (play audio from this timestamp, opens in a new tab)
Voice-matched
Summary
Using documentary financing as an example: tax changes brought money in and Netflix became the big cash buyer. When that player pulls back, the money gets selective and scarce. A new dominant player distorts the market and leaves a hole when it leaves.
Not in the audio. Tax-law details (TCJA) are Dave's secondhand recollection from a friend who invests in documentaries.