T-Bone Pickens is a wealthy fool like Buffet.
I’ve seen him on Cavuto several times and he does not come off as a fool. He is a pretty shrewd businessman.
First, he doesn’t like to have money laying around. He likes to put it to work. He likes to try to make it grow.
Second, he is an oil man. He likes to use the knowledge he has to guide his investments. Third, he is a Texan. He sees in Texas properties others might not see from the ivory towers of Wall Street.
He sees opportunity by going with the current political flow. He sees opportunity by directing the flow. That is the American way.
He looks to the future 5 or perhaps 25 years rather than 90 days. He is old and would like to direct the flow of his gas investments to a more immediate payoff to be able to not only see it but to have the satisfaction.
I really enjoy hearing him go on. Cavuto gets him started and lets him go. He is sharp and answers the devil’s advocate queries with disdainful relish.