T. Boone Pickens Advice to Young People

In an interview on May 12, Pickens discussed his advice for young people entering the oil and gas industry. Pickens quoted his father's advice to him in 1949, “‘you better get a plan.’ He said ‘a fool with a plan can beat a genius with no plan. Your mother and I think we have a fool with no plan.’” Young people should not drop out of school for the easy money in the oil fields, unless they are planning for the future.  At 87, Pickens says he doesn't plan to retire. Pickens says his philanthropy has also made him happy. He told Yahoo Finance he’s given away over $1 billion to charity.