Chuck LeBeau

Pickens's New Investment Strategy: Cash

Re going to cash - better late than never.

He obviously has a high tolerence for financial pain (but not as high as many buy and hold investors that are still holding tight).

Unfortunately his tolerance for pain was higher than that of his investors in his funds so now he's got a problem.

Famos makes a good point about transportation and energy problem. Makes me laugh when I see the T. Boone commercials.