#323 Jimmy Buffett

What I learned from reading Jimmy Buffett: A Good Life All the Way by Ryan White and A Pirate Looks at Fifty by Jimmy Buffett.

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Listen to Invest Like The Best #343 David Senra: In The Service of Founders 

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(8:00) Q: What are you going to do with your life? A: Live a pretty interesting one.

(10:00) A lesson that his grandfather taught him: The only thing standing between Jimmy and the world would be a lack of imagination an an over abundance of caution. All he had to do was leap and the world would be his.

(13:00) There is a lot of Mark Twain in Jimmy Buffett. Lighting Out for the Territory: How Samuel Clemens Headed West and Became Mark Twain by Roy Morris Jr. (Founders #312) 

(13:30) There was nothing normal about me. My drive was not normal. My vision of where I wanted to go in life was not normal. The whole idea of a conventional existence was like Kryptonite to me. — Total Recall: My Unbelievably True Life Story by Arnold Schwarzenegger. (Founders #141)

(15:00) Jimmy Buffett and Warren Buffett: Their lives are illustrations of the power of compounding.

(16:30) A hit song was nice. But owning the publishing on a hit song was even better.

(17:30) Decoded by Jay Z. (Founders #238)

(19:30) You can't connect the dots looking forward; you can only connect them looking backwards. So you have to trust that the dots will somehow connect in your future. You have to trust in something. — Steve Jobs

(24:00) If you want to create and capture lasting value, don’t build an undifferentiated commodity business. — Zero to One: Notes on Startups, or How to Build the Futureby Peter Thiel (Founders #278)

(28:00) It is ironic that I was never categorizable and now I’m a category. — Jimmy Buffett

(28:00) Billy asked me who I saw myself like in today's music scene. I told him, nobody. I really didn't see myself like anybody. What really set me apart in these days was my repertoire. It was more formidable than the rest of the players. There were a lot of better musicians around but there wasn't anybody close in nature to what I was doing. — Chronicles: Volume One by Bob Dylan. (Founders #259)

(29:00) No one is ever eager to fix a cash machine that isn't broken.

(29:00) You can’t sell a bagless vacuum cleaner to people that make $500 million a year selling vacuum bags. — Against the Odds: An Autobiography by James Dyson(Founders #300)

(31:00) Something that grows exponentially can become so valuable that it's worth making an extraordinary effort to get it started. — Paul Graham How to Do Great Work (Founders #314)

(36:00) My description of Jimmy Buffett:

-Blue collar work ethic

-Learning machine

-Loves it

-Won’t quit

(37:00) The Business of Phish

(42:00) What Jimmy Buffett and Kanye West have in common

Some say he arrogant. Can y'all blame him?

It was straight embarrassing how y'all played him

Last year shoppin' my demo, I was tryna shine

Every motherfucker told me that I couldn't rhyme

Now I could let these dream killers kill my self-esteem

Or use my arrogance as the steam to power my dreams

(46:00) Jimmy kept the main thing the main thing:  “I don't give a shit what happens 22 and a half hours of the day. The only thing that matters is the 90 minutes that we're on stage.”

(1:04:00) That's what's wrong with the world these days. Nobody wants to put in the time it takes to be legendary. Mythology is not fast food.

(1:05:00) Margaritaville Holdings intuitively adopted the asset-light model, where it licenses its intellectual property to owners and operators via franchise agreements

(1:09:00) There is nobody who understands who Jimmy Buffett is and what Jimmy Buffett does better than Jimmy Buffett. 

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