In a tighter market, the advantage isn’t finding more deals. It’s making cleaner decisions. Competition is up, pricing pressure is real, and the easy opportunities are harder to come by. So your framework sometimes matter more than your instincts. This conversation breaks down what disciplined decision-making looks like in practice: evaluating assets at the granular level (repair costs, resale expectations, scrap yield), staying true to your model when you’re tempted to stretch, and knowing when free is actually expensive. In this episode, Patrick Kraus sits down with Bill Thompson of EirTrade Aviation to explore how experienced buyers think under pressure, and what habits keep decision quality high when the market gets tight. In this conversation, we cover: Why the market feels tighter: more bidders, higher prices, fewer inside-track deals Granular modeling: repair cost, resale, and yield reality produces valuation discipline Why you don’t bend your model to win a deal (accept lower margin or walk away) Rebuild vs part-out logic: how exit strategies shift with market conditions Why free assets can still be losses (hidden costs + system burden)