Wine Talk

Snooth User: JonDerry

Patz & Hall - Sold

Posted by JonDerry, Apr 20, 2016.

Saw this reported at Wineberserkers, and a quick Google search shows an article by the press democrat.

Good for them and wish them the best in their next pursuit/s.http://www.pressdemocrat.com/busine...

Replies

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Reply by dmcker, Apr 20, 2016.

No link? And just another sale that'll likely mean the product starts down the slope towards mediocrity. The story of so many in Napa and Sonoma and Monterey and elsewhere. We who appreciate good wine never want to see bean counters get too much control over wine production.

It is the American entrepreneurial model, after all. Innovate, build a little, sell as high as possible, retire to the good life, even if the initial venture crumbles to pieces before too long, or at least starts the long slide in that direction. Maaaaybe continue on in the same profession or maaaaaaaaaaaaaybe something else that's also innovative. But most just stick with the retirement option, judging by behavior rather than statement of intent.

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Reply by JonDerry, Apr 20, 2016.

Here's a link

Ste Michelle grabbed it.

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Reply by Really Big Al, Apr 24, 2016.

Enjoying life in retirement is what most of us strive for.  Nothing wrong with it as long as you've accomplished the main things you set out to do with your career.  Some folks work their whole lives because they couldn't save money early on and others keep working because they figure they will be bored in retirement.  There is so much more to life than working for a living.  

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Reply by MJET, Apr 24, 2016.

Cheers to that RBA! God willing I have another 12 years before calling it a day and maybe less! 

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Reply by dmcker, Apr 24, 2016.

We're talking different things, perhaps, Al. I was talking towards how products, operations and organizations of value don't often stay that way too long in the American business model. Focus in this case on wine operations in Napa and Sonoma and Monterey that were doing so well, but end up sliding to mediocrity, or obscurity then death, after their founder sells out. Ultimately very short lifespans for those wines of former excellence. In my direct experience viewing business operations around the world, this type of thing is most common in America. Different economic structures, different expectations regarding craftsmanship and perhaps even different  pride of ownership in many European, Japanese and other contexts.

So that's one topic. Then there's the other of individuals' working life, career paths and life plans, and value creation in that context. That's another subject. Wasn't discussing in this instance people who retire in their '50s or '60s, necessarily, but much earlier. There are people I know who retire in their 30s, and ultimately end up somewhat lost. Others who retire in their mid-40s, as part of a textbook example of a midlife crisis. After a dozen or so years off, can find some back working, again.

Plenty to discuss regarding either topic, but am out the door in five. Monday morning here, and a busy week that before it ends sees the beginning of a long series of holidays. Tons to do before that....


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