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

I have always believed that it?s important to show a new look periodically. Predictability can lead to failure.

I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises.

I have been frugal in my businesses, always keeping in mind that shareholders are the owners of a company, while members of management are employees.

I don?t like to show all my cards too early? and that gives me two distinct advantages: my opponents often get the wrong read on me, and I push myself longer and harder.

I learned early on that you play by the rules. It?s no fun if you cheat to win.

I don't believe in a price on carbon, because the government is going to control it and they're going to fail.

I don't care whether you use natural gas, ethanol, the battery. You can use anything, just so it's American.

I don't go cheap on anything, but I'm not a shopper. If I want something, I look at it, decide what it is, but it will usually be the best product. I've got a pair of loafers that I still wear that I got in 1957.

I don't go looking for somewhere to spend my money. You can step on a tube of toothpaste for a week, if you have to. I spend what I need to and give it away.

Fight your way out of corners. I play pretty good off the wall.

Fundamentals make the market.

Big Oil is a club, and they'll do everything to keep me out.

Given the current state of our finances, we could sure use a quarter of a trillion dollars a year recycling through the U.S. economy rather than through the economies of Iran, Russia, and Venezuela.

Boys, I said ?this is it. We?ve got to figure out a way to make $300 million, and we?ve got to make it fast. We?ve lost too much money in the Gulf of Mexico. We can?t drill our way out of this one. A field goal won?t do it ? we need a touchdown.?

Hard work was nothing new to me.

Chief executives who themselves own few shares of their companies, have no more feeling for the average stockholder than they do for baboons in Africa.

Have everyone work as long as I have. That?ll solve the problem. My solutions tend to be pretty straightforward. For too much help with something. [On his solution to solve the Social Security trust fund running out of money around 2045]

Determination and ingenuity can yield the solutions we seek.

I always saw myself as a large stockholder trying to make a difference. I wasn't raiding anybody.

Don?t be foolish with the money you?ve made. No big cars. Second, remember who you are. Stay humble and be generous. It?s the right thing to do, and it feels good.

I began on a street grandly named Broadway of America with the smallest route in town: twenty-eight houses with a penny-a-paper profit per day. When other routes came open next to mine, I talked my supervisor into letting me take them on. Within five years my route grew from 28 papers to 156 and I had saved close to $200, which I hid in a hole under the floor in my closet. It was my first experience in the takeover field: expansion by acquisition. [On starting his first paper route at the age of twelve]

Don?t rush the monkey, and you?ll see a better show.

I believe our oil addiction is the greatest threat facing America in the twenty-first century.

Dow Hamm? told me something I?ll never forget. ?Boone, you will spend just as much time on a big deal as on a little deal. In big deals, there?s always serendipity. You?ll find a lot of lagnappe. [Bonus or fringe benefit] Once you get in there you?ll find out what I?m talking about. The bigger, the better.?

I can?t remember a year when I didn?t make more money on outside investments ? the stock and commodities markets ? than on my Mesa salary.

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