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Download The First Billion Is the Hardest: Reflections on a Life of Comebacks and America's Energy Future Audiobook

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3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (218 ratings) (rate this audio book) Author: T. Boone Pickens Narrator: Arthur Morey Publisher: Penguin Random House Format: Abridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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With a Plan for Reducing U.S. Oil Dependency

It’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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Listener Opinions

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 by Bart | 2/1/2014

    " Interesting read. Pickens has made a lot of money during his life. He also lost a lot betting on natural gas in the 80s and 90s. He will finish way up after incredible gains buying oil futures during the oil price run up. He has good ideas to make our country less reliant on Middle East oil. "

  • 1 out of 51 out of 51 out of 51 out of 51 out of 5 by David | 1/30/2014

    " This book was intriguing for about the first 4 chapters, and his energy plan does hold merit. However, the book quickly became a disorganized mess of events, almost a stream of consciousness from the Boone. (And at his age, that is not a good thing) He tells bizarre stories about how he exercises and how he hired his secretary which seems to have no place in the book, and adds no real substance. As he drones on about being the best in just about everything, the book becomes more and more disjointed. My final thought and I painfully made myself finish this mess was, "if this guy can become a billionaire, so can anyone..." Save your time and money. If this guy didn't have money, NO ONE would read this book. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Rabea Ataya | 1/16/2014

    " Pickens is a great example of someone who was able to start over again many times in his life and in each case maintained the enthusiasm and vigor to succeed again. There are valuable lessons in the book about how important regular communication and coordination is (by 9am Pickens has coordinate 3 times with his team), and how useful sport is to keeping a person balanced and productive. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Scott Hall | 12/29/2013

    " Interesting story of the life and experiences of T. Boone Pickens. The biggest strengths of the book come in the last few chapters in which he discusses recent large ventures in water and wind energy and lays out his plan for a dramatic change in U.S. Energy policy. Though his energy plan is self-serving in that it would shift dependence in the transportation sector from oil to natural gas, an energy source in which his companies are heavily invested, it would benefit the U.S. by shifting demand from foreign, hostile sources to domestic, friendly ones. He claims that the U.S. could divert $1 trillion currently being sent overseas annually to oil producing countries to domestic natural gas producers, which in turn could help revitalize the US economy. In addition, creating a wind energy corridor in the Plains states to supplant electricity production previously provided by natural gas could reinvigorate the economies of rural areas. "

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