T. Boone Pickens, fully Thomas Boone Pickens, Jr.

T. Boone
Pickens, fully Thomas Boone Pickens, Jr.
1928

American Business Magnate, Financier. Corporate Raider and Takeover Operator, Chairs hedge fund BP Capital Management

Author Quotes

My parents were hardworking, thrifty, honest, and self-sufficient. They came from an era when a job was viewed as a privilege, not a right.

People say the three most important things in real estate are ?location, location, location.? In natural gas, it?s ?weather, weather, weather.?

My single-minded focus gave me an edge: I was now going to succeed or fall on my ass. In fact I always think I have an edge, but I love to be the underdog.

Predictability can lead to failure.

My single-minded focus gave me an edge?

Let me give you a number that is pretty shocking when you hear it. The world uses 30 billion barrels of oil a year. There is no way we're replacing 30 billion barrels of oil. Just a million barrels a day is 1,000 wells producing 1,000 barrels. That's big.

Many managers won?t face reality when assessing their own deals. They either panic and jump out of the boat or refuse to admit they have a problem. Stupidity may be part of the problem, but ego is probably the biggest problem.

Money can be overrated, but it can also be a precious gift when used unselfishly.

Money is a report card.

Money is to be respected; one of the worst things you can do is handle another person's money without respect for how hard it was to earn.

Money is to be respected; one of the worst things you can do is to handle another person?s money without respect for how hard it was to earn.

My father began to run out of luck. Instead of playing it safe with land deals, he started investing in wildcats, which were wells drilled by independent oilmen in uncharted territory. Successful wildcats came with big payoffs ? but at great risk. Our family was soon pinched?

My father was better at assessing risk in a game of five-card draw than in looking for oil.

It has become cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.

If Jack Nicklaus thinks he has pressure puts, he should try eighteen holes after he?s lost $2 million in two days, wondering how much more he?s losing with every tick of the futures market.

It isn't possible for us to be.

If somebody I don't like gets in the crosshairs, I pull the trigger. But I don't hunt for them.

It seems as if everything I do is geared to saving time. I used to get a lot of speeding tickets? Now we fly in a small airplane. It?s faster ? and it cuts out the tickets.

If the fundamentals haven?t changed, then I?m not going to panic. We?ll get it all back soon enough.

It was my Mother who had decided that I should be called by my middle name, Boone, instead of Tom, like my father. No child like to be different, and I was no exception. It was embarrassing to have to repeat my name two or three times before people would understand, and I was afraid that kids might make fun of me. I had been mistakenly called Booner, Ben, Bobby ? even Jermone! My mother saw things differently. ?Once people understand your name,? she said proudly, ?they won?t ever forget it.?

If you are a consistent moneymaker, you will be a good decision-maker. Sometimes the window of opportunity is open only briefly. Waiting isn?t a decision, although many people think it is.

It wasn?t simple luck. It was experience and information.

If you are going to run with the big dogs, you have to get out from under the porch.

It?s a habit I?ve overcome. [On being told ?You always start worrying too early?]

If you can provide the funding and you get the leadership, you'll have a competitive team.

Author Picture
First Name
T. Boone
Last Name
Pickens, fully Thomas Boone Pickens, Jr.
Birth Date
1928
Bio

American Business Magnate, Financier. Corporate Raider and Takeover Operator, Chairs hedge fund BP Capital Management