1. What’s the best way to make better real estate decisions?

 Make better real estate decision-makers.

And by the way, don’t try                       to replace them with                             mathematical models.

2. How do you make better real estate decision makers?

Train them.

And by the way, don’t train                   them to be better                                   bureaucrats; train                                 them to recognize the                           difference between good                     locations and bad                                 locations.

3. What’s the hot trend among chain operators today to make better real estate decisions?

Replacing decision-makers with mathematical models and training the                       remaining ones to be better bureaucrats. Continue reading →