Retail has bifurcated into commodity goods (paper towels, basic items) purchased online and experiential goods/services (dining, trying on clothing, entertainment) purchased in physical locations, making commodity retail assets bad investments while experiential retail in top locations remains valuable.
factualpending
Speaker
Bruce FlattEvidence Quote
“if you want to buy paper towels, you usually don't go to the mall. You just order it online...if you want to have a meal and you want to go and try on a shirt or pair of pants or have some fun for the afternoon, you go to the mall.”
Source
Lessons from a lifetime of investing and outperforming | Bruce Flatt— The Knowledge Project PodcastCreated: 8/11/2026, 6:19:01 AM
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