Tuesday, July 8, 2014

Taxi medallions have been the best investment in America for years. Now Uber may be changing that.


In New York, taxi medallions have topped $1 million. In Boston, $700,000. In Philadelphia, $400,000. In Miami, $300,000. Where medallions exist, they have outperformed even the Standard & Poor’s 500-stock index. In Chicago, their value has doubled since 2009.