Rogers weve had 29yearolds making 1 million a year, expecting to make 2 million the year after that. Diana ferry but if youve got plastic money, theres Nothing Holding you back. History will prove the bakkers were honest people. Reporter Insider Trading could become wall streets watergate. Pauley what do we call greed the day before an indictment . Im afraid recently, weve called it success. Robinson the u. S. Economy, which used to be the envy of the world, is in the most serious trouble since the Great Depression. Inflation is rising while our standard of living is declining. Thomas there was tremendous inflation and not much growth. The country was not in a Great Depression in 1980, but the United States was in the dumps. Dobyns on wall street, it was cold, gray, wet, and miserable. There was no comfort to be found outside. And for investors, there was not much inside, either. The tickers carried almost nothing but bad news. Mclean wed come off a terrible decade for investing. Peopl
what do we wall greed the day before an indictment? i m afraid recently we ve called it success. the u.s. economy, which used to be the envy of the world, is in the most serious trouble since the great depression. inflation is rising, while the standard of living is declining. there was tremendous inflation, and not much growth. the country was not in a great depression in 1980, but the united states was in the dumps. on wall street, it was cold, gray, wet, and miserable. there was no comfort to be found outside. and for investors, there was not much inside either. the tickers carried almost nothing but bad news. we d come off a terrible decade for investing. people were skeptical of the stock market. it was a very sleepy wall street back then. most economists expect a serious recession, with at least 2 million more americans losing their jobs. i regret to say that we re in the worst economic mess since the great depression. literally from the
to stop his takeover bid. the profit to pickens and his partners $89 million. it is no secret that you ve made about a half a billion dollars through losing on your attempted takeovers. do you go into it anticipating that a loss is still gonna stand you very well? well, you never like to lose, but if you lose and make money, well, it makes it a little easier. i remember i was someplace and the guy got up and said, i have a question. he said, you re making a lot of money out of this, and i said, the shareholders are, too. he said, yes, but you re a fast-buck artist. fast-buck artist. i said, who in the hell would want to be known as a slow-buck artist? i see it as a free-enterprise system working at its best. burrough: pickens was really the first major investor to realize how undervalued american companies were and what you could buy there. and it was his early tilts at gulf, city services, all these famous deals that brought this new reality
partners, $89 million. it is no secret thatoff made about $500 million through losing on your attempted takeovers. do you go into it anticipating the loss is still going to stand you very well? you never like to lose, but if you lose and make money, well, it makes it a little easier. i remember someplace, the guy got up and said, i have a question. he said, you re making a lot of money out of this. and i said, the shareholders are too. he said, yes, but you re a fast buck artist. fast buck artist? i said, who in the hell would want to be known as a slow buck artist? i see it as a free enterprise system working at its best. pickens was really the first major investor to realize how undervalued american companies were and what you could buy there. and it was his early tilt at gulf city services, all these
over the company. the company makes a company only 1/20th the size of phillips, buys 5.8% of the stock privately. now pickens lets it be known that he wants to buy another 15% from the shareholders and thus gain a seat on the corporate board. there s one thing i want to put in place is that stockholders own companies and management is employees. phillips agreed to buy back its stock from t. boone pickens to stop his takeover bid. the profit to pickens and his partners, $89 million. it s no secret, you ve made about $500 million through losing on your attempted takeovers. do you go into it anticipating the losses are still going to stand you very well? you never like to lose, but if you lose and make money, well, it makes it a little easier. i remember the guy got up and said, i have a question. he said, you re making a lot of money out of this. and i said the shareholders are, too. he said, yes, but you re a fast buck artist.