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Dan Peña

Led Great Western Resources, an oil company based in Houston, and owns Guthrie Castle in Scotland.

Industry
Oil and gas; business coaching
Format
Audio interview
Interviewer
Richard C. Wilson
Source
Billionaires.com interview
Dan Peña

Watch the Interview

Dan Peña interview with Richard C. Wilson

Exclusive audio interview: Dan Peña with Richard C. Wilson

About Dan Peña

Dan Peña is a billionaire who started out as a financial analyst on Wall Street. He later became president of Great Western Resources, an oil company based in Houston. After that came a series of new businesses. He is well known for owning Guthrie Castle in Scotland, and he openly shares ideas on strategy and mindset with the public. Early on, he volunteered for the draft and was accepted into officer candidate school. About a year later he was commissioned as a second lieutenant in the United States Army. He calls that the turning point toward success. Leading men changed everything. So did being in charge of equipment worth tens of millions of dollars, and in one case hundreds of millions. He has spent more than 50 years in business and 30 years coaching others.

What They Shared in the Interview

  1. 01

    Focus on the few, not the many.

    He points to the Prussian general Clausewitz. Most people try to do too many things. He says that is the biggest pattern he has seen in decades of coaching.

  2. 02

    The brain can only hold a few priorities.

    He cited a study showing people can focus on maybe two things at most. Very bright people may manage three.

  3. 03

    Money can be earned back. Time cannot.

    Focusing early would have saved a lot of time.

  4. 04

    You are who you hang around with.

    He shared the idea that you are the average of the five people you spend the most time with.

  5. 05

    Spend time with high performers.

    As an Army officer, he spent time with senior and general officers. The higher the performance of the people around you, the better off you will be.

  6. 06

    Leading others changed everything.

    He says being put in charge of men and valuable equipment in the Army was life changing.

In Their Words

“You can always make money back, but you can’t make time.”
Dan Peña, interview with Richard C. Wilson
“So as I learned, the more high profile people that I was around, the more high performance people that I was around, they focused on the few, not the many.”
Dan Peña, interview with Richard C. Wilson
“You are who you hang around with.”
Dan Peña, interview with Richard C. Wilson
“But I learned that the higher performance people that you hang with, the better off you’re going to be.”
Dan Peña, interview with Richard C. Wilson
“Being in charge of tens of millions, in one case, hundreds of millions of dollars worth of equipment, leading men changed my life.”
Dan Peña, interview with Richard C. Wilson

FAQs

Where did Dan Peña start out?

He began as a financial analyst on Wall Street. He later became president of Great Western Resources, an oil company based in Houston.

What strategy does Dan Peña wish he had learned earlier?

Focus on the few, not the many. He says most people try to do too much, and focusing early would have saved him a lot of time.

What turning point does Dan Peña describe?

He learned that you are who you hang around with. Spending time with senior officers in the Army showed him the value of being around high performers.

Related interviews

Meet billionaires and family offices in person at Family Office Club events.

Sources
  • https://billionaires.com/dan-pena/
  • Richard's records (interview and verification by Family Office Club)
  • Interview recorded by Richard C. Wilson for the Billionaires.com interview series