All posts by Team Pickens

If this table could talk

Imagine being able to buy a priceless piece of history – a piece of history that has been the site of heady conversations with presidents, athletes, journalists, titans of industry, and others, sitting around with me talking about deals, investments, and the future of our country. This piece of history – my conference room table – featured this past week in a Dallas Morning News story can be yours. For a price.

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Taking charge of my own brain health

In a few weeks – May 22 to be exact – I will celebrate my 91st birthday.

I’m a lucky man, but I recognize a lot has changed for me in the past few decades.Twenty years ago, for example, I worked out with a trainer every morning. The goal was to be physically fit and, yes, help the body live as long as I could possibly push the envelope. But a stroke and a head injury later, I realize I could have been strengthening my brain capacity as well. Now recovering slowly, I’m all on that.

Supporting brain health research has been both a philanthropic mission and a physiological experience for me lately. In addition to donating to The University of Texas at Dallas’ Center for BrainHealth for educational and research initiatives, I’ve also been a participant in research projects.

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The most important question to jump-start any meeting

During the seven decades of my career, I have had a great track record of building outstanding teams. I have always felt it important to concentrate on our goals, not the size of our organization.

To me, measuring profits has always been a better yardstick than the size of our budgets. There is little point in developing a $10,000 accounting system to track 10 cent pencils.

I credit much of my success to how well these teams performed. While knowing your team and supporting them in times good and bad are critical, defining a culture and setting expectations are equally essential. Communication is the key — there should be no surprises. If I’m in the loop, I’m on your team.

I find the most important question I can ask to start a meeting is simply, “Whaddya got?”

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Moving My Childhood Home

I grew up in Holdenville, Oklahoma, where they liked to say “the pavement ends, the West begins, and the Rock Island crosses the Frisco.” Over the years, the house where I was raised has been relocated from Holdenville to my Mesa Vista Ranch in West Texas and now mostly recently to Stillwater, Oklahoma where I plan to be buried.

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Edward W. “Rusty” Rose Award

The Edward W. “Rusty” Rose Award, presented by the Great Investors’ Best Ideas Foundation (GIBI) in Dallas, is a lifetime award presented to an individual who has done the most to bring truth and transparency to public securities markets. Rusty Rose was a straight-talker and legendary investor. I knew him well, as he was one of the first to visit with me when I first moved to Dallas. This award is meant to carry on his legacy and memory, and his tenacity and passion in this arena. I am greatly honored to be its recipient this year.

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