Monday, October 01, 2007

Mitt Romney Is His Own (Not So) Secret Admirer!

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Apparently, a nice head of hair and a strong jawline aren’t as much of a campaign asset as a fat wallet when it comes to the Mitt Romney campaign! To quote T-Bogg:
Romney has discovered that Republicans don't understand the finer points of tithing and so he is dipping into his private stash to keep up the illusion, much like sending himself flowers at work, that he is desirable.
I’ve long been fascinated with the way the mega-wealthy and mega-successful Romney always seems like kind of a putz, showing no noticeable intellect or genuine charm that would explain his rapid rise up the economic ladder; and which, in turn, has enabled him to buy his way onto the political ladder!

However, I think I understand now, after reading the amazing book, “Fooled by Randomness,” which could have included Romney on its cover! The opening sentence by one reviewer captures my epiphany about Romney:
In Fooled by Randomness, Nassim Nicholas Taleb, a professional trader and mathematics professor, examines what randomness means in business and in life and why human beings are so prone to mistake dumb luck for consummate skill.
In a particularly interesting observation, Taleb describes how people who consistently mistake their own good fortune for skill, while riding a wave of fortuitous circumstances and claiming credit for randomly occurring trends, tend to become prone to careless mistakes that, when fortunes change, cause them to “blow up” spectacularly!

“Burning” millions of his personal fortune on a hopeless Presidential run might not qualify as a complete blow up, but if Taleb’s theory holds, Romney is likely to attribute the loss to “bad luck,” rather than the fact that most voters don’t think he knows his ass from a hole in the ground! And, therefore, an even bigger Romney "blow up" will remain a good long-term bet!

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