OSU Cowboys Benefactor Pickens Down $1 Billion

Oklahoma State booster and wealthy oil man with a plan T. Boone Pickens tells the WALL STREET JOURNAL (via THE WIZ OF ODDS) he’s down a cool billion with a B dollars thanks to deflating hedge funds.

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.

Not surprisingly, the folks in Stillwater are a touch nervous about whats happening with their sugar daddy. Read more…