The Voice of Career Leadership.
(PRWEB) September 24, 2008
In reading Bob Rice's Portfolio blog titled, "Feeling Lucky? The Odds of a President Palin," Peter Clayton, producer/host of Total Picture Radio, a popular podcast that is focused on career advancement, employment trends, recruiting and leadership, wanted to learn more. "How did Rice, a chess expert and investment executive figure that a Palin succession was as likely as a hurricane hitting Louisiana in any given year, or that your birthday falls on a Wednesday?”
Clayton had recently recorded a podcast with the author regarding his highly respected business leadership book, "Three Moves Ahead: What Chess Can Teach You About Business." When Alaska Governor Sarah Palin was announced as Senator John McCain's vice presidential pick, Bob heard all the noise about her qualifications, but wondered just how likely it was to become relevant.
In his day job, Bob Rice is managing partner of merchant bank Tangent Capital. In his guest blog, "The Odds of a President Palin" (for Portfolio Magazine), he writes, "Unlikely events happen every day, but we're not good at factoring them into our decisions." To help folks put the Palin issue in perspective, Rice offers numerous examples of everyday events that have about the same odds as soon swearing her in during a first term. Several examples discussed in the interview podcast: Kobe Bryant hitting two consecutive three-point attempts.
On your next try, pulling a red M&M out of the bag, and Escaping jail in Monopoly by rolling a double.
Rice states, "We wanted to keep it very simple and clean so we went to the Social Security Administration's mortality table and took a look at what Senator McCain's odds were of surviving for four years, because after four years the question becomes less interesting. The issue people want to understand is: what are the odds of her becoming president almost right away?"
Clayton stresses the podcast is not about politics. "It's a math problem. It's about strategy and making decisions, a key principle in Bob’s book, and how to navigate through the most disruptive period in business history."
The fifteen minute podcast on Total Picture Radio is an entertaining look at statistical analysis, business strategy, and what "beating the odds" really means. Considering the unthinkable tectonic changes we've experienced in the financial markets and on Wall Street over the last few weeks, "beating the odds" seem a little more tenuous. Bob Rice puts it this way: "Think about whether you'd be willing to pull the trigger in just one round of Russian Roulette. Just because it’s unlikely doesn’t mean it’s a good idea.”
About Bob Rice
Bob Rice Bob Rice is a successful entrepreneur and early-stage investor, former public company CEO, and long-time Wall Street veteran. He began his career at the US Department of Justice as a trial attorney, and then became a partner at the prestigious international firm of Milbank, Tweed, Hadley & McCloy. Along the way, Bob founded the Wall Street Chess Club and co-founded the Professional Chess Association with Garry Kasparov.
Bob is an active member of the New York Angels and serves on the boards of several private technology and media companies. He is on the faculty of Liminal Group, a New York City based executive training and management consulting firm.
About Total Picture Radio.
Total Picture Radio is a career empowerment service for knowledge workers. We are committed to sharing ideas and commentary from thought leaders in business, strategy, sustainability, marketing, career management, media, and the Internet. TPR podcasts actionable information for high-performance careerists - and business leaders creating talent-focused organizations. Our in-depth interviews include best-selling authors, senior executives, visionaries, leadership coaches, and entrepreneurs. Total Picture Radio is "The Voice of Career Leadership." Sponsorship opportunities are available for talent-centric companies.
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