Customer Reviews

Boone Pickens: The Luckiest Guy in the World

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This is a great story about how a regular guy from Texas left a large company and the corporate America safety net behind and started his own company, which grew from a few thousand dollars that he started with in 1955 to a billion dollar company decades later. Boone shares the structure of his 1st company which he started with basically no money; for anyone wanting to start there own company this information is priceless. It went like this:

Two partners put up $2,500 and he signed a note for his $2,500. The two partners established a $100,000 line of credit for the new company and Boone would have to have them off the note within 5 years or he would loose control of the company. He was President of the company and ran the day to day operations.

That's it, that simple, years later he's bidding for some of the largest oil companies in the world.

Some great quotes:

"It was up to me to find investors. Asking people for money is the most essential skill for a young dealmaker"

"Undercapitalization affects 90% of the new businesses in America"

"I had to adjust my dreams to fit reality-or could I somehow change reality to match my dreams?"

"Issuing stock for capital is the most fundamental service Wall Street provides. This classic stock market function has given rise to the great Wall Street firms-and for that matter, to America's industrial might. Entrepreneurs need more capital than banks are willing to lend..."

Boone told his attorneys he was going to stop them every time he did not understand something, and his attorney said, "You're paying us by the hour...this could get expensive." Boone replies, "It'll be a lot more expensive if I don't understand it now."


By Kevin Kingston, author of: A 20,000% Gain in Real Estate: A True Story About the Ups and Downs From Wall Street to Real Estate Leading to Phenomenal Returns

I think this is the reissue of his original autobiography Boone. Just so readers would not be confused. So read reviews of Boone.

Hard not to like Boone's charm. He is the man and continues to set the trend in spite of his age. Read this book for inspiration or for historical purposes.

I bought this book to get some bonus for my class. I didn't finish the book yet but it's a good buy for students who study in OSU.