February 9, 2004

Did you know Bush as an MBA?

I’ve often said that George Bush is not a man I would want to sit across from at a poker table. Now Thomas Lifson makes my point much more forcefully than I can. Here is a synopsis of what he says. But click on the link above and read the whole article.

Did you know that Bush is the first president to hold a Masters of Business Administration? Bush's is from the Harvard Business School.

The very first lesson drummed-into new students, is there is never perfect information, and decisions often have to be made even when you’d really prefer to know a lot more.

Another basic lesson young George W. Bush learned in the classrooms of Harvard Business School is that different managers have legitimately different styles of operating as executives. George W. Bush is a natural delegator, an executive who seeks the best possible people to work for him, instills loyalty (by practicing it himself), and then gives them plenty of room to operate.

Also at Harvard, a subculture of poker exists. Poker is a natural fit with the inclinations, talents, and skills of many future entrepreneurs. A close reading of the odds, combined with the ability to out-psych the opposition, leads to capital accumulation in many fields, aside from the poker table.

By reputation, the President was a very avid and skillful poker player when he was an MBA student. One of the secrets of a successful poker player is to encourage your opponent to bet a lot of chips on a losing hand. This is a pattern of behavior one sees repeatedly in George W. Bush’s political career. He is not one to loudly proclaim his strengths at the beginning of a campaign. Instead, he bides his time, does not respond forcefully, a least at first, to critiques from his enemies, no matter how loud and annoying they get. If anything, this apparent passivity only goads them into making their case more emphatically.

Only time will tell, whether Saddam ever had any WMDs. Their non-existence has not been proven. Only time will tell whether or not Osama bin Laden (or his corpse) will be taken into custody by American Troops. Only time will tell whether or not Iraq will continue to make progress toward a transition toward a peaceful democratic government. George W. Bush knows much more information about these topics than his domestic political opponents do. At the moment, they are betting a lot of their chips on one side of these questions.

Posted by Ted at February 9, 2004 8:49 PM