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The Investor's Podcast (We Study Billionaires)  - The Investor’s Podcast Network

TIP 083 : The First Billion is the Hardest by T Boone Pickens (Money Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 24 April 2016

⏱️ 55 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: Why the US is not looking to become energy independent anytime soon. That the intrinsic value of one barrel of oil might be $76. How to evaluate if a company should be paying out dividend, or buy back its stock. If there is one key ratio to determine if a stock should be acquired or not. Which order type that is best to avoid being exploited by high frequency traders. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. T Boone Pickens’ book: The First Billion is the Hardest – Read reviews of this book. Stig’s Blog Post on: The Intrinsic Value of Oil? Gail Tverberg’s Blog Our Finite World. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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Transcript

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0:00.0

We study billionaires and this is episode 83 of the Investors Podcast.

0:06.0

Broadcasting from Bel Air, Maryland. This is the Investors Podcast.

0:14.0

They'll read the books and summarize the lessons. They'll test the waters, tell you what it's called.

0:19.0

They'll give you actionable investing strategies.

0:23.0

Your host, Preston Pish, and St. Brooderson.

0:29.0

Hey, everyone. How you doing out there? This is Preston Pish. I'm your host for the Investors Podcast.

0:33.0

And as usual, I'm a company by my co-host St. Brooderson, out in Denmark.

0:37.0

And today we've got a book for you and this book was written by a billionaire.

0:41.0

And his name is T-Boon Pickens. And I'm sure many people out there know of T-Boon Pickens.

0:47.0

He's on the National News, Financial News, Media, all the time talking about oil.

0:53.0

So the book that we read and this book was kind of older. So I think a lot of the information, not a lot of it,

0:59.0

but some of the information and it was a little outdated with his respect to peculial and things like that.

1:05.0

But the book was written, it says a copyright of 2008. And the name of the book is the first billion is the hardest.

1:13.0

So that was his cliche on, you know, people that say the first millions, the hardest.

1:17.0

Reading through this, uh, Stig, what you think, buddy.

1:21.0

I want to crazy about it. I think his whole discussion about energy independence was extremely interesting.

1:27.0

But I kind of feel like this was his legacy book. He would like people to remember exactly what the book says in like 50 years from now.

1:35.0

And what I would really like to learn from a billionaire would be something like Oprah's book. This is the life lessons.

1:41.0

I don't think it was kind of a life lessons book. It's more like see how I created this and see how my sports seem won all these events.

1:49.0

No, I'm glad you said that because I didn't really know what to say other than I guess I didn't really like it.

1:55.0

But you hit the nail on the head. That's exactly what it was. Now that you said that it makes perfect sense.

2:01.0

He was really trying to annotate and put into writing what it was that he did through all the years.

...

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