great market info and very relevant comp to SF in so many ways; especially enjoy the implication that yes, long-term capital holders do in fact measure value by "the distance to the donut shop."
To put things into perspective, until very recently, the Back Bay subway and commuter rail station had TWO Dunkin' Donuts inside the station, within ~100 feet of each other, one on each side of the platform (on the floor above the platforms). One was smaller than the other, but you could literally hit someone in the other line with a thrown donut they were that close.
But really, isn't that just one shop that happens to have a railway running through it?
The spaces were significantly different as well. The one that shut down was so small it couldn't even physically accommodate the equipment to make the sandwiches!
> Did you know that more frozen bananas are sold right here on this boardwalk than anywhere in the OC?
And of course he goes on to cannibalize the family's original business.