Week 1, 2018: Trump and Bannon Feud, Saban and Smart Prepare to Do Battle, and Thiel Gets Even Richer

Grumpy Old Men

010518-01 Steve Bannon

While North and South Korea try talking out their differences, war has broken out elsewhere here at the start of 2018. Don’t expect Donald Trump and former chief strategist, Steve Bannon, to be talking again anytime soon (except through lawyers). In Michael Wolff’s newest  book, Fire and Fury: Inside the Trump White House, Bannon gets quoted calling Donald Trump Jr. “treasonous,” Ivanka Trump “dumb as a brick,” and the president himself likely to be in legal trouble for money laundering.  For his part, Donald Trump is suggesting that Bannon has “lost his mind” and is “simply seeking to burn it all down.” Despite the verbal warfare, it’s not just the nationalist-populist, alt-right movement the two men brought to the White House that links them, however. They also remain strikingly similar in emotional terms: precious little happiness, above-average disgust and—most of all—a wealth of sadness, all the better by which to instinctively appeal to those who want America to be made “great again.” With a now backtracking Bannon reminding folks that Trump is “a great man,” Bannon looks to be the likelier of the two feuding men to be adding soon to his natural store of regrets, disappointments and all-around woe.

Close Quarters?

010518-02 Kirby Smart & Nick Saban

Some scores get settled in courtrooms, other scores emerge on a football field. With the national college championship getting decided this year by a game between Alabama and Georgia, the official word is that there’s “nothing personal” about a contest that pits Alabama’s head coach Nick Saban against his long-time assistant Kirby Smart. Eleven is the key number here. For 11 seasons, Smart helped Saban amass victories; and 11 times, Saban’s former assistants have come up against him and lost. Will this time be different? It could be. Already, Smart’s won one battle: Just two seasons after Smart left Alabama, Georgia finds itself now atop the 2018 recruiting class rankings, with Alabama in fifth place. So if Smart can’t win this year, maybe next. What might be helping Smart lure the best players? It could in part be as simple as the fact that emotions are contagious, a principle that carries over into happiness. Smart shows a third more happiness than Saban does over the course of patrolling sidelines and sitting in press conferences. Smart also smirks less. Are those kinds of emotional tendencies just plain, well, smart? Do they not only possibly help win over high school players and their parents, but also help settle a team down and lead to victory? We’ll find out after the kick-off if the underdog Bulldogs of Georgia can keep the game close. (Saban’s 11 victories against former assistants have all involved wins by a margin of at least 14 points.)

Serious Money, After All

010518-03 Peter Thiel

Back in my junior high days, a friend and I printed our own currency, Krump Notes, all the better by which to bet on poker games at lunchtime in the cafeteria. We didn’t want anybody’s nose getting bent out of shape by losing a pile of real cash on a losing hand. Now comes word that PayPal co-founder and early Facebook investor Peter Thiel is sort of all in when it comes to Bitcoin. Thiel’s Founders Fund has amassed holdings of between $15 and $20 million (chump change for Thiel, actually) in Bitcoin during 2017, causing the newly disclosed holdings to inspire a 13.5% climb in the virtual currency’s value after some recent volatility in its outlook. Thiel could yet take a bath on Bitcoin, but don’t bet against him. From bankrolling Hulk Hogan’s suit against Gawker to seeing his candidate take the White House, Thiel’s on a roll. What kind of person can be so successfully opportunistic again and again? To me, with Thiel it’s all in the eyes. Some years ago, I decided to investigate what might help make somebody a great lead-off hitter in baseball. The strongest statistical pattern in terms of facial expressions was a tendency to come to the plate with eyes open wide, seemingly looking for gaps into which to poke the ball. Think of hunters. Think of Derek Jeter. Think of Peter Thiel. Think about Cooperstown’s heroes or Silicon Valley’s serious money entrepreneurs, or me with my former stash of Krump Notes: same stratosphere, not really.