Extended Audio Sample

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

Extended Audio Sample The First Billion Is the Hardest: Reflections on a Life of Comebacks and Americas Energy Future, by T. Boone Pickens Click for printable size audiobook cover
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:
Regular Price: $15.00 Add to Cart
— or —
FlexPass™ Price: $14.95$5.95$5.95 for new members!
Add to Cart learn more )

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.

Download and start listening now!

BK_RAND_001460

Quotes & Awards

  • Entertaining…both Adam Smith and Horatio Alger would find something to like in the rise of T. Boone Pickens.
    Wall Street Journal
  • The latest memoir from the Texas oilman…Pickens’ sauciness does entertain.
    Time magazine
  • Sassy…breezes along…salted with earthy aphorisms.
    Bloomberg.com
  • Self-deprecating and audacious…overall, it’s decidedly informative about the machinations of business.
    Dallas Morning News
  • A fascinating, eye-opening book by one of America's greatest iconoclasts and entrepreneurs. Boone Pickens’ sense of daring and innovation has never been sharper. Readers will quickly realize that this billionaire's extraordinary achievements are but a warm-up for what he is about to do now. Steve Forbes, President and CEO, Forbes Inc., and Editor-in-Chief of Forbes magazine
  • Boone’s analysis of America’s energy situation is 100% on the money.  In easy and colorful language he tells us where we are going wrong and what we must do about it.  The country should listen to him — now! Warren Buffett, Chairman and CEO, Berkshire Hathaway
  • It is inspiring to see Boone Pickens tackling the big issues, daring himself to think bigger, putting forward wind, water and energy ideas that are nothing less than paradigm busters. This absorbing and illuminating book shows why Boone has been more successful than just about all his competitors, and, more crucially, why the problem of resource scarcity may not be as insoluble as some think. Jeffrey Immelt, CEO, General Electric
  • Boone Pickens was among the first to grasp that corporations can be marvelous catalysts for progress if individual investors are given a say in what their priorities should be.  Today, as humanity faces resource scarcity and dwindling supplies of cheap energy, the responsibility that has devolved to entrepreneurs, and the investors who back them, has never been more immense.  Yet, in recounting his own story of comeback after comeback and tackling some of history's biggest oil, wind and water projects, Boone shows that sometimes all it takes is rejecting the ‘usual’ and striking out across virgin territory.  In that sense, Boone is a pioneer, and this is a pioneer’s story.  Even now, the man they call the Oracle of Oil is blazing new paths that may, indeed, lead us out of the predicament we find ourselves in. Carl Icahn, Chairman, Icahn & Co., Inc.

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. "

  • > Show All
Write a Review
What is FlexPass?
  • Your first audiobook is just $5.95
  • Over 90% are at or below $12.95
  • "LOVE IT" guarantee
  • No time limits or expirations