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Sean Allen Fenn
@seanallenfenn
Big Boring Billionaire Business How Brad Jacobs Makes a Few Billion Dollars. Methods of Prosperity newsletter no.60: Obscene profits. That was the headline one evening of CBS News in 1979. It was a report on the Iran hostage crisis. Petroleum prices had reached all time highs. Exxon had reported excessive quarterly earnings of over one billion dollars. The words OBSCENE PROFITS flashed across the TV screen of a twenty three year old musician. That young man was Brad Jacobs. “That sounds pretty good,” he thought, “maybe I ought to check out the oil sector.”
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