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 was the most publicly vocal Monkee about the band's prefabricated image. The Monkees succeeded in ousting supervisor Don Kirshner (with Nesmith punching a hole in a wall to make a point with Kirshner and attorney Herb Moelis) and took control of their records and song choices, but they worked as a four-man group on only one album, 1967's "Headquarters". The band never overcame the credibility problems they faced when word spread that they had not played on their first records; Nesmith instigated this when he called the band's first non-studio press conference and called "More of The Monkees" "probably the