16. Mohamed El-Erian
for his unparalleled knowledge of global finance.
bond investor | pimco | Newport Beach, Calif.
El-Erian co-directs one of the world's most successful investment companies: Pimco, the Pacific Investment Management Company, which manages a whopping $842 billion in assets. But he is hardly a typical corporate raider. A specialist in emerging markets at the IMF, he went on to head Harvard's endowment before joining the corporate world, where his investment strategies -- including betting on the U.S. real estate collapse -- helped turn Pimco into the largest bond fund on Earth.
El-Erian -- described as obscure by the New York Times just four years ago -- is now considered one of the world's great economic minds. Rich countries, watch out, though: In his best-selling book, When Markets Collide, he says we have entered a "new normal" and should expect sluggish growth out of developed economies and increasing opportunity in developing economies from now on.
Reading list: This Time Is Different, by Carmen M. Reinhart and Kenneth S. Rogoff; The Greatest Trade Ever, by Greg Zuckerman; Arabian Sands, by Wilfred Thesiger.
Wants to visit: China
Best idea: To analyze the longer-term impact of the economic crisis in the context of the old-fashioned core-periphery characterization, including the extent to which a shock to the core weakens adhesive links and overwhelms asymmetrical circuit breakers.
Worst idea: To pass up, again, on the possibility of a summer holiday.
Gadget: BlackBerry


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