Part 11/12:
In summary, the current landscape supports the idea that Bur's argument might be incorrect at this moment, given the high demand and limited supply driving asset prices upward. The analogy of the aircraft and chips demonstrates how market conditions can distort traditional depreciation models.
However, Bur’s hypothesis could become correct in the future if market conditions shift—demand drops, supply increases, or regulatory changes take hold. The timing of this normalization remains uncertain, but being aware of these dynamics allows investors to prepare for potential inflection points.