An American u've probably never heard of–John Arnold's War on Bad Science

Fortune Magazine once dubbed [John] Arnold “one of the least-known billionaires in the US.” His profile in the public consciousness is almost nonexistent, and he rarely gives interviews. But among hedge funders and energy traders, Arnold is a legend. John D’Agostino, former head of strategy of the New York Mercantile Exchange, says that in Arnold’s heyday, people in the industry would discuss him in “hushed and reverent tones.” In 2006, Centaurus reportedly saw returns of over 300 percent; the next year Arnold became the youngest billionaire in the country. “If Arnold decided he wanted to beat hunger,” D’Agostino says, “I wouldn’t want to bet on hunger.”

For all the swagger of that description, Arnold himself has virtually none. He is universally described as quiet and introspective. At Enron, a company famous for its brash, testosterone-laced cowboy culture, the perennially boyish-looking trader was reportedly so soft-spoken that his colleagues had to gather in close to hear him at restaurants. “People would read into it, and they would say he’s just being cagey,” D’Agostino says. “And then, after a couple of years, people were like, oh, no, he’s actually like that.”

Read it all from Wired.

print

Posted in * Culture-Watch, * Economics, Politics, Corporations/Corporate Life, Economy, Energy, Natural Resources, Ethics / Moral Theology, Science & Technology, Stock Market, Theology