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Randall's avatar

Thanks as always for the good analysis, Mark. I wanted to mention a very small point that the source of the rise in lumber prices is not a lack of wood (at least in the U.S.); it is a supply constraint in milling capacity and labor, as well as an unexpected increase in demand. The spike should be short term. https://markets.businessinsider.com/news/stocks/6-reasons-lumber-prices-soaring-demand-wont-die-down-soon-2021-5-1030452667

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Mark Helfman's avatar

Good, thank you!

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Tony Wolfe's avatar

Mark, thanks for providing more context by zooming out and looking at the bigger financial picture and what appears to be on the horizon (Web3).

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