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Vintner Kathryn Hall on Hall Wines' Platinum Collection (Audio) · Bloomberg Intelligence

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  Speaker 1: Broadcasting live to New York, Bloomberg eleventh bo to Washington,
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  Speaker 1: General one nine and around the globe the Bloomberg Radio
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  Speaker 1: coming upon taking stockward to take stock of the wine industry.
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  Speaker 1: Unfavorable weather in Napa Valley has caused the harvest to
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  Speaker 1: decline nearly compared to two thousand and fifteen. We're gonna
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  Speaker 1: find out what that means for Napa wine producers. But
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  Speaker 1: we're talking to a woman who can you imagine anyone
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  Speaker 1: hundred from Robert Parker on the rating for your wine?
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  Speaker 1: I want to taste that cabernet. We're gonna taste of that.
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  Speaker 1: Coming up first, we're going to Charlie Pellet in the
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  Speaker 1: you very much, Kathleen, Thank you, Phim. We are on
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  Speaker 1: track for a record with the doll the SMB nez
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  Speaker 1: back All Advancing SMP five hundred index now at seven
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  Speaker 1: it is up thirty points a gain of one point
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  Speaker 1: four percent. The SMP five hundred index trading above it's
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  Speaker 1: made two thousand fifteen record clothes. June's strong jobs report
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  Speaker 1: you know, I think the Feds stays where it is.
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  Speaker 1: They they've wanted to raise interest rates, they did it once.
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  Speaker 1: raise several times and therefore have a pretty positive meal curve,
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  Speaker 1: which will help banks and insurance companies spent. For the
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  Speaker 1: most part, I don't think this changes much the labor departments.
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  Speaker 1: That employers added two hundred eighty seven thousand jobs, far
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  Speaker 1: more than economists surveyed by Bloomberg were expecting. The jobless
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  Speaker 1: rate did rise to four point nine percent. Is more
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  Speaker 1: people enter the labor force. Wages advanced less than projected.
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  Speaker 1: Let's take a look at the numbers here. We've got
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  Speaker 1: the SMP up thirty at twenty one twenty eight, a
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  Speaker 1: gain of one point four percent. Down dust reels up
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  Speaker 1: It is three thirty two on Wall Street. Now, let's
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  Speaker 1: take a look at other news from around the world
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  Speaker 1: on Bloomberg Radio. Thank you, Charlie from the Bloomberg News Room.
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  Speaker 1: I'm Chill Schneider. U S. Attorney General Loretta lynch says
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  Speaker 1: the nation mourns for all those killed in shooting this
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  Speaker 1: past week. She spoke at the Justice Department this morning.
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  Speaker 1: in honor of the five Dallas police officers gunned down
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  Speaker 1: last night. Mr Obama is in more Saw, Poland, where
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  Speaker 1: he spoke about the attacks. We need of those officers
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  Speaker 1: who do their job each and every day, protecting us
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  Speaker 1: and protecting our communities. Today is a wrenching reminder of
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  Speaker 1: the sacrifices that they make for US. President Obama called
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  Speaker 1: the attack vicious and calculated. A suspect in last night's
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  Speaker 1: killings has been identified, according to multiple media reports. He
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  Speaker 1: is twenty five year old Micah Xavier Johnson. Johnson reportedly
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  Speaker 1: served in the Army Reserve as a carpentry and masonry specialist.
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  Speaker 1: He was killed by an explosive strapped to a police
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  Speaker 1: robot after hours of negotiating with police. The New York
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  Speaker 1: Times reports he appears to be the lone gunman. However,
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  Speaker 1: three other suspects are being detained by police. The NYPD
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  Speaker 1: is stepping up security for its officers in the wake
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  Speaker 1: of the Dallas attack. The nation's largest police department said
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  Speaker 1: today it's using additional footposts and other measures to protect precincts.
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  Speaker 1: Officers are also being worn to remain vigilant and to
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  Speaker 1: one twenty countries. From the Bloomberg newsroom, I'm Jil Schneider, Charlie,
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  Speaker 1: and we thank you and again recapping S and P
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  Speaker 1: five hundred index up twenty nine points to a gain
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  Speaker 1: of one point four percent. I'm Charlie Palatin. That's a
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  Speaker 1: Bluebird business flash. Bloom were taking stock the lux life
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  Speaker 1: goal Jewls. I claimed properties and valuable nature. Now that
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  Speaker 1: you live in that house, can I be your financial advisor?
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  Speaker 1: It's good to be king. I thought of your right
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  Speaker 1: and I've right out in. Remember how much I wanted
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  Speaker 1: a big backyard with Grecian statue shaped hedges and three
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  Speaker 1: swimming cold well, I got that to Bloomberg taking Stock
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  Speaker 1: the Lucks Life on Bloomberg Radio. A perfect score worth
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  Speaker 1: more than gold, it seems maybe worth platinum. Were very
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  Speaker 1: happy to welcome to taking Stock Now Catherine Hall to
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  Speaker 1: talk about Hall Winery in Napa Valley Valley. She is
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  Speaker 1: owner and vintner actually as well. Along with her husband.
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  Speaker 1: She's a former United States Ambassador at Austria. She's someone
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  Speaker 1: who jumped in to the Napa Valley uh Wine Wine
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  Speaker 1: World with her husband more than a couple of decades ago,
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  Speaker 1: and here they are unveiling a new platinum collection and
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  Speaker 1: continuing to celebrate that perfect score they got for their
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  Speaker 1: Cabernet Sauvignon and a new book, A Perfect Score, The Art, Soul,
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  Speaker 1: and Business of a twenty one century Winery. Katherine, Welcome
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  Speaker 1: to the show. Hi, Kathleen, thank you well. So, first
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  Speaker 1: of all, you've had to you've had a long career.
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  Speaker 1: But tell us specifically about Hall in Napa Valley what
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  Speaker 1: it is that is so unique about your operation and
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  Speaker 1: therefore your wine. Ah, we are, we're a rather large,
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  Speaker 1: small boutique winery. I think that probably is one of
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  Speaker 1: the things that Makescess very unique. There are a lot
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  Speaker 1: of great producers of wine that come from Napa Valley,
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  Speaker 1: and what we've tried to do is create that is
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  Speaker 1: I think unique to us. UM is to create a
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  Speaker 1: portfolio of wine sort of very vineyard specific, so that
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  Speaker 1: we um we try to celebrate this um the specific
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  Speaker 1: characteristics that come from each vineyard. I mean, you'd be
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  Speaker 1: amazed at how a hundred yard one vineyard a hundred
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  Speaker 1: yards from another vineyard can produce a wine if you
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  Speaker 1: nurture properly. It's very different from the one immediately adjacent,
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  Speaker 1: and even within one one vineyard, we can find certain
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  Speaker 1: rows of vines that can produce wines that have different qualities.
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  Speaker 1: So we try to make we make a lot of
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  Speaker 1: different wines rather than one very large production wine, and
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  Speaker 1: so that each of those wines are um really responsive
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  Speaker 1: to the specific terre of the vineyard that the wine
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  Speaker 1: comes from. Catherine Hall Hall Wineries in Sant Helena and Rutherford.
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  Speaker 1: You chose Napa Valley Valley because you wanted to produce
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  Speaker 1: the world's best cabernet. Tell us what it's what it
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  Speaker 1: takes to make the world's the best cabernet and how
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  Speaker 1: does it cost? What it cost? The joke, of course
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  Speaker 1: is it takes a big fortune to make a small fortune.
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  Speaker 1: But we um it takes most of all, I think
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  Speaker 1: just takes a lot of hard work, takes a lot
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  Speaker 1: of time, and it takes an incredibly talented staff. Um.
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  Speaker 1: So we came to We came to Napa for to
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  Speaker 1: produce cabernet because that's the place that we think that
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  Speaker 1: I think really is the greatest cabinet in the world.
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  Speaker 1: And it's um. It certainly has its own qualities and
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  Speaker 1: I mean, if you want, if you like a cabinet
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  Speaker 1: that's really rich and flavorful and and and just full
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  Speaker 1: of fruit um, but still nuanced. I think Napa Valley
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  Speaker 1: is the best place to do that. So what we
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  Speaker 1: did is we came here. I actually grew up in
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  Speaker 1: the business, but we were up in Mendocino County, which
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  Speaker 1: is a little farther north of Napa Valley, and Gwen
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  Speaker 1: Craig and I started our business together rather than the
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  Speaker 1: one that my parents were in. We said, Okay, we're
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  Speaker 1: gonna look for the very best thing is we can find.
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  Speaker 1: So we started looking at hillside vineyards in particular in
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  Speaker 1: Napa and then and then we started trying to figure
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  Speaker 1: out who are the you know, sort of help finding
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  Speaker 1: some winemakers that we could work with. It would really
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  Speaker 1: be very talented and creative and willing to take risk.
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  Speaker 1: I think risk is a very important part of any
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  Speaker 1: kind of successful business, and it certainly is an important
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  Speaker 1: part of the wine business. So Clatform, could you please
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  Speaker 1: tell us about the new platinum collection? And do you
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  Speaker 1: have another another hundred rank air from Robert Parker? And
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  Speaker 1: how much how much one of these battles cost us? Oh, well,
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  Speaker 1: the first thing is you have to be on a
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  Speaker 1: lift because it's allocated and um, so we will start
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  Speaker 1: to release him right now. We're putting people's names on
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  Speaker 1: a list. We do if the platinum collection is this
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  Speaker 1: sort of we think the pinnacle of all the wines
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  Speaker 1: that we have made thus far in the industry. And
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  Speaker 1: they are very small production, just maybe a hundred cases,
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  Speaker 1: sometimes a little bit more than a hundred cases. But uh,
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  Speaker 1: and the cost is going to be U around three
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  Speaker 1: dollars a bottle, um. But but it will be allocated.
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  Speaker 1: In some cases it's only one bottle to a person.
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  Speaker 1: And and how you get him is that you come
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  Speaker 1: on and you come on our website, which is Hall
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  Speaker 1: Wines dot com, and put your name on a list,
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  Speaker 1: and then we go in sort of a priority order
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  Speaker 1: of um, just timing who is on their first or
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  Speaker 1: who has bought these wines from us before, and then
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  Speaker 1: we start to allocate the wine out. Um. What goes
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  Speaker 1: into making these lines and one of those lines is
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  Speaker 1: another perfect score me. But the book we wrote, um
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  Speaker 1: is it was about the first wine that we made,
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  Speaker 1: this sort of twenty year journey into creating a wine
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  Speaker 1: that would get creating a business where we didn't know
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  Speaker 1: how to sell wine, who would buy it, and even
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  Speaker 1: who who in a restaurant, We're going to have to
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  Speaker 1: leave it there. We've got to run owner of Hall
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  Speaker 1: Napa Valley. You're listening taking stock and this is Bloomberg
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