Nobody is immune from the bad market. The Wall Street Journal reports the severity with with T. Boone Pickens, energy investor par excellence, was hit:

In the latest sign of how the financial crisis and steep drop in commodity prices since July have blindsided some of the most prominent investors, energy crusader T. Boone Pickens said he and his BP Capital investment firm have lost some $2 billion since oil and natural-gas prices started tumbling in July.