BIGGEST RISK with Alan Fruitman

J Darrin Gross

I'd like to ask you, Alan Friedman, what is the BIGGEST RISK?

Alan Fruitman

The biggest risk is what comes next. I'll call it the unknown. So we live in a world of the internet, Amazon, artificial intelligence, and I think the biggest risk is trying to really understand and make value judgments of what's coming next? What tenants will be here? Blockbuster Video disappeared. It's no longer needed. The world evolved, and it's no longer needed. So I mentioned a lot of tenants through this podcast. Which ones will be here in 10 years, 20 years, 30 years? What will AI replace? What will Amazon replace? Well, let's go back to McDonald's. When you're driving down the street in this year 2046, 20 years from now, are you still going to be hungry and not be able to order it online and now? Delivered on your lap when you're between appointments and need to catch a quick meal, I think so. If you're if you're Firestone Tire, Amazon can deliver tires to you in your garage, but who's going to put them on? So I think there's certain industries that will pass the test of time. Will Walgreens be here in 20 years? I don't know. Amazon delivers pharmaceuticals, and and other companies deliver. Mark Cuban as a delivery company for pharmaceuticals, and others will do more and more of that. So I think understanding what comes next and making value judgments in my world-that's the risk we need to be prepared for.

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