t. boone pickens to stop his takeover bid. partners, $89 million. >> it is no secret that you've made about $500 million through losing on your attempted takeovers. do you go into it anticipating the loss 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 some place, 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. >> 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 all these famous deals that brought this new reality to the attention of other investors who followed in his wake and sought to imitate what he did. >> i freely admit, i am an investor and w

. >> t boon pickens has put his ranch up for sale for $250 million. it includes man-made lakes, a wildlife habitat, even. >> it looks, actually amazing. it also has its own airport, oh, yes, of course, there it is. wow. it's paved. pickens is 89 years old and dealing with health problems. the proceeds will go for his foundation for philanthropic and educational causes, but man, that is an amazing piece of real estay. >> thinking of all the real estate we've seen, i've never seen a private airport. >>> pilots taking off and not the way we expected them to. >> taking off from work. why american airlines might need your help if you're handy behind a throttle. >>> poison and drinking it. the investigation into how that happened, next. you're watching "world news now." > from wednesday's korean missile launch. you can see kim jong un watching that missile which it says can strike anywhere in the mainland u.s. here he is checking out monitors during that 53-minute flight. it was launched from a mobile laun launcher which was likely to show they can launch a

t. boone pickens, oil tyke con listing his ranch for $250 million. the price is steep.port, art gallery, 30 seat movie room. >>> liberal lunacy on campus. one ivy league university letting students self-identify whichever ethnicity they want. the elizabeth warren rule. that is a little sarcasm, varney. we're all over it. love it. >>> "new york times" editorial board openly lobbying the tax bill, tweeting out phone numbers of republican senators. the president is not happy about it either. you are watching the second hour of "varney & company." ♪ can make all the difference. it can provide what we call an unlock: a realization that often reveals a better path forward. at wells fargo, it's our expertise in finding this kind of insight that has lead us to become one of the largest investment and wealth management firms in the country. discover how we can help find your unlock. stuart: big smiles. we must missed the high of the day. we were up 145. we're now up 134. we'll take it. 24,074. there you have it. opec agreed to extend production cuts through next year. that is on