Uhhhh...no...
It's one of his most worthless rambles yet.
First, the idea of "real estate" is not nearly as revolutionary as he makes it out to be. When I was in business school, I heard a variation of that EXACT SAME STORY from both Wayne Huizeng himself (when he was running Blockbuster) and the head of all of the Florida Wal-Mart stores.
Second, for anyone who ACTUALLY knows Ray Kroc's story, he was ALL ABOUT the efficiencies of the business. Ray Kroc was actually selling McDonald's the MILKSHAKE MACHINES that they used, and he became interested in expanding McDonald's. He convinced the McDonald brothers to let him expand the concept, and among his many "MAKING FOOD" ideas was the concept of the assembly-line production and the standardized menu.
So for some dopey porster to act like Ray Kroc had an epiphany about being a "real estate" company rather than a "making food" company is just a joke, it completely obliterates all of the MANY innovations that Ray Kroc introduced to the fast food industry. And, sure, maybe he realized the importance of real estate ALSO, but that is NOT what helped McDonald's to "turn the corner". That is just about the most brain-dead and misguided summation I've ever heard.
I could name a dozen major "MAKING FOOD" ideas that Ray Kroc pioneered, having nothing to do with "real estate selection". As if the magic of "picking a good corner" suddenly fixed all of the McDonald's "quality control" and "supply chain" issues that this non-genius is yapping about.
To quote South Park's description of Mormonism, "Dum dum dum dum dum".