Your car is likely the most "catastrophic misallocation of capital" in your life. It costs tens of thousands of dollars, yet it sits idle 95% of the time. But that’s about to change. In this video, we dive deep into the economics of autonomous vehicles (AVs, Robotaxis) to explain why the era of personal car ownership is entering its terminal phase. From the historical shift of the Ford Model T to the modern-day "Latency Problem," we break down why Waymo and Tesla are betting
