The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.
Michael Nesmith the famous press advertisement asking for "four insane boys" so he applied for the job. Nesmith won his role largely by appearing blasé when he auditioned. He rode his motorcycle to the audition, and wore a wool hat to keep his hair out of his eyes; producers Bob Rafelson and Bert Schneider remembered "Wool Hat", and called Nesmith back. Once he was cast, Screen Gems bought his songs so they could be used in the show. Many of the songs Nesmith wrote for The Monkees, such as "The Girl I Knew Somewhere", "Mary, Mary" and "Listen to the Band", became