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 get a big thrill out of making money, but I don?t get much of a thrill out of spending it.

I grew up during the great depression?

I had real skin in the game. I certainly wasn?t going to have my name on a loser.

I decided early on to concentrate on business and home and to omit the distractions and temptations that mess up so many lives.

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.

Every person who can work and stay active has an obligation to do so? The most recent estimates give the Social Security trust fund only until 2045 before it runs out of money.

Everybody loves an underdog.

Everything here happens fast. There isn't any standing around or looking at your watch.

Far too many executives have become more concerned with the "four P's" ? pay, perks, power and prestige ? rather than making profits for shareholders.

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]

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