Tag: critical thinking

  • AI Won’t Save You

    AI Won’t Save You

    When talking about AI, people tend to act like it affects everyone equally.

    I don’t think that’s true.

    Look back to the steroid era in baseball. A lot of people talked as though steroids turned ordinary players into superstars. As if anyone could take a few injections and suddenly start hitting fifty home runs.

    That wasn’t really what happened.

    You still had to be able to hit a baseball. And that’s a skill most people never come close to mastering.

    The player who couldn’t hit before steroids? He couldn’t hit afterward either. The player with mediocre talent and a mediocre work ethic didn’t magically become great.

    What steroids did was amplify what was already there.

    Most people focus on the added strength. The home runs. The highlights. But the bigger advantage was recovery. A player could train harder and more often. He could deal with nagging injuries better. He could stay closer to his peak performance over a long season.

    The biggest gains went to the people who already had talent and were already willing to work. Those so keen on getting an edge they’d keep at it even after it became illegal.

    A decent player might become a good player. A good player might become a star. A star might become an all-time great. Later disgraced to hear some tell it, but at the time it was amazing to watch.

    AI is a lot like this.

    The person who doesn’t understand land values today isn’t suddenly going to understand land values because AI exists. The person who has poor judgment isn’t going to develop good judgment because a machine gives them answers.

    In some cases, the opposite may happen.

    As I said last week, there are really two groups using AI right now.

    One group is using it as an escape hatch. They don’t want to do the work, learn the subject, or develop the expertise. They want the answer without the process.

    That works right up until the machine gives them a bad answer.

    Then they’re stuck, because they never learned enough to recognize the mistake.

    The other group is still doing the work. They’re still learning, still analyzing, and still making the decisions. AI simply helps them move faster. It helps organize information, challenge assumptions, and automate things that used to consume more time than they were worth.

    That’s how I use it.

    When I’m working on a Land Reality Check, AI isn’t determining value. It isn’t selecting comparable sales. It isn’t deciding what matters and what doesn’t.

    I’m doing those things. Because I’m responsible for the answer. But because I can do things faster, I improve more quickly.

    People predicting AI will make everyone equally capable are missing something.

    The people using it to avoid thinking are going to get worse, and those using it to enhance their thinking are going to get better.

    And the gap is likely to grow a lot faster than most people expect.


    PS – Most landowners are not planning to sell today.

    But markets change. Development pressure changes. Buyer demand changes too.

    The people who make the best decisions usually aren’t the ones scrambling to learn everything at the last minute. They’re the ones who already have a pretty good idea of what’s happening around them.

    That’s what the MBR Land Reality Check is for.

    It looks at nearby sales, competing properties, market activity, and the factors affecting value that are easy to miss if you don’t spend much time in the land business.

    You don’t have to do anything with the information.

    But is it a bad idea to know where things stand?


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  • You Can Use It, But Be Careful Not To Lose It

    You Can Use It, But Be Careful Not To Lose It

    On Wednesday I wrote about how someone can sound pretty smart to people who know less than they do. At least until an actual expert walks into the room.

    Most of the time it’s harmless, or close enough for government work. Nobody is really acting on what these people are saying, so a little error doesn’t matter much.

    But if they did act on it, things could get expensive.

    There’s a term for it: knowing just enough to be dangerous.

    It’s hard to go anywhere today without hearing somebody talk about AI.

    Depending on who you ask, AI is either going to make everyone rich, put everyone out of work, or both.

    I don’t know.

    But it’s obviously making the “knowing just enough to be dangerous” problem worse.

    This week Dan Kennedy mentioned a commercial real estate investor who was bragging that he had delegated all the due diligence on a deal to AI and got an answer in eight and a half minutes.

    The investor thought this was wonderful.

    Kennedy’s response was simple:

    “Have you ever done the same analysis yourself and compared the two?”

    That’s the right question.

    Because there are really two kinds of people using AI right now.

    The first group is using it to avoid doing the work.

    Those people are headed for trouble, and you should avoid doing business with them if you notice it.

    Not because AI is always wrong. It’s not.

    But because they have no reliable way to know when it’s wrong.

    And if they keep relying on it, eventually they won’t know how to do the work without it.

    Think about navigation in your car. Most people can still get around, but they’re not nearly as good at it as they used to be. The skill slowly deteriorates because they stopped using it.

    The same thing can happen with analysis, writing, valuation, negotiation, or anything else.

    If you’re not careful, before long you’re no longer using the tool. The tool is using you.

    You’re just accepting answers instead of evaluating them.

    It won’t bite you every time.

    But it doesn’t have to.

    The people getting the most value from AI tend to use it differently.

    They’re still doing the thinking.

    They’re still forming opinions.

    They’re still responsible for the answer.

    I use AI for things. I’d be crazy not to.

    But I’m using it to enhance and accelerate what I was already doing, not as an easy button like on the commercials.

    I’m able to create better reports and information for people, much faster than I could a year ago.

    Not because the AI is doing the work.

    Because I’m still doing the work.

    It helps organize information. It can challenge assumptions. Sometimes it points out something I missed. Sometimes it’s right. Other times I tell it to shove off.

    But it isn’t making the decision.

    I am.

    There’s a difference between using a tool to augment what you’re doing and letting the tool do all the work.

    Right now those two people can look very similar.

    Give it a few years.

    They won’t.



    PPS – If you’re not ready for a Land Reality Check but enjoy reading about land, negotiation, markets, and how business actually works in the real world, you can sign up below and get future posts in your inbox.

    No hype.

    No sales funnel.

    Just new posts when I write them.

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  • Accurate Thinking Beats Positive Thinking

    Accurate Thinking Beats Positive Thinking

    Your mindset is simply the way you look at things and how you approach them.

    It matters more than most people want to admit.

    If you believe you can learn, adapt, and figure things out, you’ll usually do better than someone who believes they’re stuck or destined to fail. Not because belief is magic, but because it determines how you act, what you try, and what you dismiss before you ever start.

    Most of this runs below the surface.

    We hear things that sound right and let them in without much resistance. Over time, those ideas start running our decision-making on autopilot. We rarely stop to ask where they came from or whether they actually hold up in the real world.

    Television, social media, teachers, friends, coworkers. All of them install things into our operating system. Sometimes intentional, sometimes not. Either way, it doesn’t matter.

    Once something is installed, we stop treating it like a suggestion and start treating it like reality. We act as if it’s true. And when it’s wrong, we often move backward while feeling justified the entire time.

    A simple example.

    Roughly two-thirds of college students say socialism is better than capitalism. Setting politics aside, ask the obvious question: what evidence did they use to reach that conclusion?

    They didn’t test it.
    They didn’t analyze outcomes.
    They didn’t reason their way there.

    It was told to them by someone they trusted. It sounded compassionate. It felt sophisticated. So it went in unchallenged.

    Installed.

    Now it quietly influences how they think about money, work, responsibility, and incentives. Often in ways that run directly against their own long-term interests.

    This happens everywhere.

    Business is full of unexamined beliefs:

    “Everything is a numbers game.”
    “The early bird always wins.”
    “Whatever doesn’t kill you makes you stronger.”

    Some of these ideas are partially true in narrow situations.

    Others are sloppy generalizations people repeat because they sound wise.

    Bad experiences don’t automatically make you stronger. Plenty of people are damaged by them. Strength comes from how someone responds afterward, not from trauma by default. Believing otherwise can actually lead people to seek chaos or failure as if it’s a growth strategy.

    That’s not resilience. That’s bad thinking.

    Here’s the core point.

    Your belief system governs your outcomes more than tactics ever will. If your beliefs about yourself, money, work, or success are flawed, you’re operating with a handicap.

    The fix isn’t positive thinking.

    The fix is accurate thinking.

    That means slowing down when you hit resistance in your own beliefs and asking hard questions. Where did this idea come from? What evidence supports it? Where does it break?

    Anything added to your belief system should earn its place.

    If a belief can’t survive contact with reality, it doesn’t deserve to run your life.

    If you value clear thinking and straightforward talk, you can get more like this in your inbox here:

    PS — If you know someone who might benefit from this kind of thinking or straightforward real estate talk, feel free to forward it.

  • Reading Between the Bumper Stickers

    Reading Between the Bumper Stickers

    You’re signaling all right — just not what you think.

    So I was driving up Preston Road this week, looked at the back of the car in front of me, and there it was.

    The Coexist bumper sticker.

    Always displayed by someone trying to signal that they’re tolerant, smart, and above the fray — while convincing nobody but themselves.

    Tolerant? Anyone who’s dealt with these folks knows they’re rarely as tolerant as they claim.

    Smart? We all agree it would be nice if everyone got along. But to act like centuries of conflicting worldviews can be squared with a one-word bumper sticker? “Smart” isn’t the right word.

    Above the fray? Only until you say something — probably by accident — that contradicts one of their beliefs.

    In truth, the sticker’s a red flag. Stay clear.

    One thing they don’t coexist with is critical thinking.

    There are plenty of other examples of people thinking they’re sending one signal while the rest of us read something very different:

    • The 50-year-old who brings up their college in every conversation — wants to sound educated, but really shows they haven’t done anything impressive in 25 years.
    • The guy with the aftermarket exhaust — thinks it’s swagger, but it reads like overcompensation.
    • The middle-aged woman getting tattoo sleeves — aiming for youthful and edgy, but looks like chasing something that should’ve been outgrown decades ago.

    It happens in real estate too. The classic is overtalking — trying to impress a potential client with a flood of knowledge. It might fly in the housing market, where most buyers and sellers know little beyond their own home and some market generalities.

    But in land? Owners tend to know a lot more. It doesn’t take long to spot when someone is saying things that sound good but are flat-out wrong. And that makes all of us look bad.

    I try to avoid signaling as much as possible. I want to be seen as smart, but I’d rather be trusted than flashy. If I say something, it’s because I’m as sure as I can be that it’s right.

    Give me the less flashy guy I can trust over whatever else is out there.

    And as long as we are talking about signaling, how about this:

    I voted for Trump.