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Kevin's avatar

Great analysis. How big do you think Airbnb could become? How long is their runway?

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Rick Sullivan 🦆's avatar

Solid breakdown, Peyton. You’re speaking the language of compounders, which is a nice change of pace from the meme-chasers and yield junkies littering the financial streets these days.

Airbnb does check Akre’s three boxes, but I’ll add a fourth leg to that stool: pricing power in a world that hates pricing power. Airbnb’s more than a brand: it’s a verb, and verbs command premiums.

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