“An investment operation is one, which, upon thorough analysis, promises safety of principal and a satisfactory return. Operations not meeting these requirements are speculative.” - Benjamin Graham
Friday, May 16, 2008
T. Boone Pickens Interview at Milken Institute Global Conference
Billionaire energy investor Boone Pickens, founder and chairman of BP Capital LLC, speaks at the Milken Institute Global Conference in Los Angeles about the outlook for oil, U.S. energy policy, and alternative energy including wind and solar power.
Boone discusses how his hedge fund lost 90% of its value and then made it back. Boone actually has a plan that could solve our dependence on foreign oil.