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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: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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Now 80 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 68 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 77, 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.

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Listener Opinions

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Lisa | 2/15/2014

    " There are some interesting stories and laws to live by, but there more details about take overs than I really wanted to read about. Pickens is a smart man who isn't afraid of work or risk--1st step in amassing a fortune according to me. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Rick | 2/11/2014

    " Inspiring what a 70 year old can do. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 by Lacy | 1/29/2014

    " I really enjoyed this autobiography. I especially liked reading his energy plan for America. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 by David J. Andrews | 1/23/2014

    " T. Boone Pickens writes in a straight-forward style that I like very much. He's really on to something with his wind energy project. Too bad the countries leaders have not embraced it. We need major federal funding to get this up and running and Pickens understands exactly how to do it. Maybe Obama will make it happen. "

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