From a Cotton Farm to 7,000 Acres: Building Something That Outlives the Balance Sheet

In this episode, Doug Smith, founder of Hawthorne Capital, shares his journey from a West Texas cotton farm to building a successful land investment business. He discusses the lessons learned from entrepreneurship, overcoming setbacks, scaling a company, and helping families achieve their dream of owning Texas land. It’s a candid conversation about hard work, resilience, opportunity, and what success really looks like. The views expressed in this podcast may not necessarily reflect the views of Stifel Financial Corp. or its affiliates (collectively, Stifel).  This communication is provided for information purposes only.  Past performance does not guarantee future results.  Investing involves risk, including the possible loss of principal.  Asset allocation and diversification do not ensure a profit or protect against loss. © Stifel, Nicolaus & Company, Incorporated | Member SIPC & NYSE | www.stifel.com See omnystudio.com/listener for privacy information.