Welcoming Change
Dear Client,
Warren Buffett has been a dominant force in the industry for decades, but I am not going to discuss him today. Today, we will be remembering and honoring another Buffett, the one we lost a few weeks ago: James (Jimmy) William Buffett (December 25, 1946 – September 1, 2023).
Jimmy Buffett was extraordinarily successful in doing exactly what he loved for over fifty years. Forbes places him on its list of billionaires, but even though he amassed exceptional wealth, he remained down-to-earth and relatable. He spoke and wrote in simple truths we could all identify with.
Fun fact: Jimmy Buffett is one of only seven authors to have a number one book onboth the New York Times fiction and non-fiction best sellers list. This places him in the company of John Steinbeck and Ernest Hemingway!
We lost the troubadour over Labor Day weekend. It is fitting Jimmy would give us one last summer and one last three-day weekend to raise an oddly-shaped, salty-rimmed glass filled with a “frozen concoction” in celebration of a life well lived.
Interestingly,it was also a Labor Day weekend (1973) when he sat in a lonely “L.A. haze” andpenned his first hit, “Come Monday” - “Headin' out to San Francisco for the Labor Day weekend show….”
Weall own it, but your age probably indicates whether you own the vinyl,cassette, CD, or a digital version of Jimmy Buffett’s Songs You Know by Heart.The soundtrack for several generations’ summers.
Hehas over three hundred and fifty songs to his credit, like “Nobody From Nowhere,” “Treat Her Like a Lady,” and “The Peanut Butter Conspiracy.”
Ihope the following is not blasphemous to the Parrotheads reading this, but Jimmy was not considered a great song writer, a great musician, or a greatsinger. Jimmy himself has been quoted as saying, “I am not even the best singer in my own band.”
But,he was an exceptional entertainer and entrepreneur.
Roughly half of his estimated billion-dollar net worth originates from his artistic side, and the rest is attributed to his investing and business acumen. There are more than thirty Margaritaville hotels and resorts and another one hundred and fifty Jimmy Buffett-themed restaurants around the world, featuring his legendary “Cheeseburger in Paradise.” He has retirement communities, called Latitude Margaritaville, in Florida, Hilton Head, and one is being built in Texas. The singer’s Landshark beer and Margaritaville tequila are nationally distributed. He even owns an estimated $19,000,000 of Warren Buffett’s Berkshire Hathaway stock.
Ifind it no coincidence that my entrepreneur career began with Jimmy Buffett concerts. My high school friend, Brian, and I would load two kegs and fifty friends onto a bus to watch the Jimmy Buffett concerts. It was a ton of fun –until we got caught.
Overthe last few days, listening to, thinking about, and researching the life andtimes of Jimmy Buffett, the lesson I take from this son of a son of a sailor turned entertainer turned businessman is balance.
“Take it all in… it’s as big as it seems. Count all your blessings. Remember your dreams.” - Jimmy Buffett
Itis easy to spend a significant portion of our lives working and saving andwaiting, for “that day”. The investment industry is essentially built on this concept - work, save, invest, plan, retire. This remains the way many think about life.
That said, I continue to see a shift in the mindset among the individuals I respect most. An emphasis on now, a balance between ambition and living, a balance between planning for the future and savoring the present. I am reminded that life is meant to be lived to the fullest, and success is not defined by hours worked, but by the enjoyment we derive from living.
Iam blessed in countless ways and one of those blessings is being in the company of exceptionally kind, smart, successful people - clients and colleagues. I love what I do.
You inspire me more than you may know – thank you.
In Gratitude,
Brandon Hatton of CONSCIOUS WEALTH INVESTING
President, Chief Investment Officer
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Dear Client,
Warren Buffett has been a dominant force in the industry for decades, but I am not going to discuss him today. Today, we will be remembering and honoring another Buffett, the one we lost a few weeks ago: James (Jimmy) William Buffett (December 25, 1946 – September 1, 2023).
Jimmy Buffett was extraordinarily successful in doing exactly what he loved for over fifty years. Forbes places him on its list of billionaires, but even though he amassed exceptional wealth, he remained down-to-earth and relatable. He spoke and wrote in simple truths we could all identify with.
Fun fact: Jimmy Buffett is one of only seven authors to have a number one book onboth the New York Times fiction and non-fiction best sellers list. This places him in the company of John Steinbeck and Ernest Hemingway!
We lost the troubadour over Labor Day weekend. It is fitting Jimmy would give us one last summer and one last three-day weekend to raise an oddly-shaped, salty-rimmed glass filled with a “frozen concoction” in celebration of a life well lived.
Interestingly,it was also a Labor Day weekend (1973) when he sat in a lonely “L.A. haze” andpenned his first hit, “Come Monday” - “Headin' out to San Francisco for the Labor Day weekend show….”
Weall own it, but your age probably indicates whether you own the vinyl,cassette, CD, or a digital version of Jimmy Buffett’s Songs You Know by Heart.The soundtrack for several generations’ summers.
Hehas over three hundred and fifty songs to his credit, like “Nobody From Nowhere,” “Treat Her Like a Lady,” and “The Peanut Butter Conspiracy.”
Ihope the following is not blasphemous to the Parrotheads reading this, but Jimmy was not considered a great song writer, a great musician, or a greatsinger. Jimmy himself has been quoted as saying, “I am not even the best singer in my own band.”
But,he was an exceptional entertainer and entrepreneur.
Roughly half of his estimated billion-dollar net worth originates from his artistic side, and the rest is attributed to his investing and business acumen. There are more than thirty Margaritaville hotels and resorts and another one hundred and fifty Jimmy Buffett-themed restaurants around the world, featuring his legendary “Cheeseburger in Paradise.” He has retirement communities, called Latitude Margaritaville, in Florida, Hilton Head, and one is being built in Texas. The singer’s Landshark beer and Margaritaville tequila are nationally distributed. He even owns an estimated $19,000,000 of Warren Buffett’s Berkshire Hathaway stock.
Ifind it no coincidence that my entrepreneur career began with Jimmy Buffett concerts. My high school friend, Brian, and I would load two kegs and fifty friends onto a bus to watch the Jimmy Buffett concerts. It was a ton of fun –until we got caught.
Overthe last few days, listening to, thinking about, and researching the life andtimes of Jimmy Buffett, the lesson I take from this son of a son of a sailor turned entertainer turned businessman is balance.
“Take it all in… it’s as big as it seems. Count all your blessings. Remember your dreams.” - Jimmy Buffett
Itis easy to spend a significant portion of our lives working and saving andwaiting, for “that day”. The investment industry is essentially built on this concept - work, save, invest, plan, retire. This remains the way many think about life.
That said, I continue to see a shift in the mindset among the individuals I respect most. An emphasis on now, a balance between ambition and living, a balance between planning for the future and savoring the present. I am reminded that life is meant to be lived to the fullest, and success is not defined by hours worked, but by the enjoyment we derive from living.
Iam blessed in countless ways and one of those blessings is being in the company of exceptionally kind, smart, successful people - clients and colleagues. I love what I do.
You inspire me more than you may know – thank you.
In Gratitude,
Brandon Hatton of CONSCIOUS WEALTH INVESTING
President, Chief Investment Officer
