Quotes from T Boone Pickens

I have been reading up on ideas for investment in energy – both conventional sources such as oil and gas, and alternative sources such as solar and wind. I came across some very inspiring and sane business advice from the billionaire investor T Boone Pickens. For those who are unfamiliar with Pickens, he made his money in the oil sector and is the chair of hedge fund BP Capital Management. He unveiled The Pickens Plan in 2008, a major energy policy proposal that plans on weaning America off foreign oil dependency. The plan relies heavily on wind energy as a source of alternative energy.
T. Boone Pickens
I found the following quotes from T Boone Pickens very inspiring and wanted to share them on this blog.

  1. “A plan without action is not a plan. It’s a speech.”
  2. “Chief executives who themselves own few shares of their companies have no more feeling for the shareholders than they do for baboons in Africa.”
  3. “In a deal between friends, there’s no place for a wolverine.”
  4. “When you blow away the foam, you get down to the real stuff.”
  5. “When you are young, fitness is a sport. As you grow older, it’s a necessity.”
  6. “If you are going to run with the big dogs, you have to get out from under the porch.”
  7. “If he tells ya a goose can pull the wagon, I’d say load the wagon.”
  8. “Be willing to make decisions. That’s the most important quality in a good leader. Don’t fall victim to what I call the ‘ready-aim-aim-aim-aim’ syndrome. You must be willing to fire.”
  9. “Far too many executives have become more concerned with the ‘four Ps’ – pay, perks, power and prestige – rather than making profits for shareholders.”
  10. “Keep things informal. Talking is the natural way to do business. Writing is great for keeping records and putting down details, but talk generates ideas. Great things come from our luncheon meetings, which consist of a sandwich, a cup of soup, and a good idea or two. No martinis.”
  11. “I have always believed that it’s important to show a new look periodically. Predictability can lead to failure.”
  12. “Work eight hours and sleep eight hours, and make sure that they are not the same eight hours.”
  13. “It may smell like manure to you, but it smells like money to me.”
  14. “If you’re on the right side of the issue, just keep driving until you hear glass breaking. Don’t quit.”
  15. “The thing where you throw the ball and catch the ball – that’s a pretty neat trick. I’ve done it a few times, but it’s not something you can do consistently.”
  16. “A fool with a plan can outsmart a genius with no plan.”
  17. “Work hard. Come early, stay late. That’s the way leadership has to approach it.”
  18. “Fight your way out of corners. I play pretty good off the wall.”
  19. “Everything here happens fast. There isn’t any standing around or looking at your watch.”
  20. “I learned early on that you play by the rules. It’s no fun if you cheat to win.”
  21. “When you are hunting elephants, don’t get distracted chasing rabbits.”
  22. “We’re flexible, quick on our feet and able to get the job done.”
  23. “You win with a team, and I’m a good team builder.”
  24. “I don’t want to get old and feel bad.”
  25. “Show me a good loser and I’ll show you a loser.”
You can follow T Boone Pickens on Twitter @boonepickens

Leave a Reply

Your email address will not be published. Required fields are marked *