The first billion is the hardest: how believing it's still early in the game can lead to life's greatest comebacks

Book Cover
Average Rating
Publisher:
Crown Publishers,
Pub. Date:
c2008.
Language:
English
Description
With a Plan for Reducing U.S. Oil DependencyIt’s never too late to top your personal best.Now eighty years old, T. Boone Pickens is a legendary figure in the business world. Known as the “Oracle of Oil” because of his uncanny ability to predict the direction of fuel prices, he built Mesa Petroleum, one of the largest independent oil companies in the United States, from a $2,500 investment. In the 1980s, Pickens became a household name when he executed a series of unsolicited buyout bids for undervalued oil companies, in the process reinventing the notion of shareholders’ rights. Even his failures were successful in that they forced risk-averse managers to reconsider the way they did business.When Pickens left Mesa at age sixty-eight after a spectacular downward spiral in the company’s profits, many counted him out. Indeed, what followed for him was a painful divorce, clinical depression, a temporary inability to predict the movement of energy prices, and the loss of 90 percent of his investing capital. But Pickens was far from out.From that personal and professional nadir, Pickens staged one of the most impressive comebacks in the industry, turning his investment fund’s remaining $3 million into $8 billion in profit in just a few years. That made him, at age seventy-seven, the world’s second-highest-paid hedge fund manager. But he wasn’t done yet. Today, Pickens is making some of the world’s most colossal energy bets. If he has his way, most of America’s cars will eventually run on natural gas, and vast swaths of the nation’s prairie land will become places where wind can be harnessed for power generation. Currently no less bold than he was decades ago when he single-handedly transformed America’s oil industry, Pickens is staking billions on the conviction that he knows what’s coming. In this book, he spells out that future in detail, not only presenting a comprehensive plan for American energy independence but also providing a fascinating glimpse into key resources such as water—yet another area where he is putting billions on the line.From a businessman who is extraordinarily humble yet is considered one of the world’s most visionary, The First Billion Is the Hardest is both a riveting account of a life spent pulling off improbable triumphs and a report back from the front of the global energy and natural-resource wars—of vital interest to anyone who has a stake in America’s future.
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ISBN:
9780307395771
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Grouping Information

Grouped Work ID 4b1819b3-90a8-f77f-100a-f322f9c5ce11
full_title first billion is the hardest how believing its still early in the game can lead to lifes greatest co
author pickens t boone
grouping_category book
lastUpdate 2017-08-14 05:04:32AM

Solr Details

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author Pickens, T. Boone (Thomas Boone).
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id 4b1819b3-90a8-f77f-100a-f322f9c5ce11
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item_details ils:.b13067916|.i13619627|Westover Adult Nonfiction|338.7622338 PICKE|||1|false|false|||||On Shelf|Jul 15, 2017|wan||
itype_arlington Hardback
lexile_score -1
literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_arlington 338.7622338 PICKE
owning_library_arlington Arlington Public Library, Aurora Hills, Central, Cherrydale, Columbia Pike, Connection Crystal City, Detention Center, Glencarlyn, Local History, Plaza, Shirlington, Westover
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primary_isbn 9780307395771
publishDate 2008
record_details ils:.b13067916|Book|Books|1st ed.|English|Crown Publishers,|c2008.|272 p. ; 24 cm.
recordtype grouped_work
scoping_details_arlington ils:.b13067916|.i13619627|On Shelf|On Shelf|false|true|true|false|false|true|999|||
subject_facet Petroleum industry and trade -- United States, Success in business
title_display The first billion is the hardest : how believing it's still early in the game can lead to life's greatest comebacks
title_full The first billion is the hardest : how believing it's still early in the game can lead to life's greatest comebacks / T. Boone Pickens
title_short The first billion is the hardest :
title_sub how believing it's still early in the game can lead to life's greatest comebacks