T. Boone Pickens loses $270 Million

[Cheney Killed Bambi]

Lately, T. Boone Pickens would get better marks as a policy advocate and author than an energy investor.

The 80-year-old Texas oil magnate has bankrolled a massive public campaign for improved U.S. energy independence, and his new book, "The First Billion is the Hardest," is a best seller. But the downturn in energy has blindsided the industry veteran, leaving one of his hedge funds that focuses on energy stocks down almost 30% through August. A smaller commodity-focused fund is down 84%.

All in, the funds have lost around $1 billion this year, a figure that includes $270 million of personal losses. "It's my toughest run in 10 years," said Mr. Pickens, a former geologist who earned billions by building an oil company and investing in energy. "We missed the turn in the market, there's nothing fun about it."

http://online.wsj.com/article/SB122221505732769415.html

Pickens was one of the billionaires who financed the Swift Boaters back in 2004.

[drmeow]

1. Oh, my, the poor man

my bleeding liberal heart just can NOT manage to shed a single drop of blood for him!

[Starbucks Anarchist]

2. Karma sucks, you Swift Boat prick.

No, wait, it doesn't.

[navarth]

3. I, for one, am not overflowing with sympathy for that asshole

Every time I see those windmills in his tv commercials, I think Swift Boat Vets. Fuck Him in the eyesocket.

[TxBlue]

Ain't the first time he's lost alot

:nopity: :nopity: :nopity:

That man is some kind of evil...at least some of his ideas are. His ideas on water rights are evil.

How old is he anyway? Geez, talk about having cat having 9 lives.

[Marsala]

4. He'll make it all back

Oil is skyrocketing again.

[LostInAnomie]

5. Couldn't happen to a bigger asshole.

It's a shame he didn't lose it all.

[SIMPLYB1980]

6. Good.