Monday, October 06, 2008

"Well, do ya feel LUCKY, punk?"

John McCain was born on August 29th, 1936. If elected, he would be the oldest person inaugurated to a first-term as President
If he died in office, Sarah Palin would become President.
Well, how likely is that to happen?

Bob Rice [of Tangent Capital] has written on the actuarial risk, based on Social Security Administration mortality tables, of McCain dying in the next four years.
The odds of that happening are about 1 in 6 or 7.

That's the same odds as your birthday falling on a Wednesday.

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. He now runs merchant bank Tangent Capital, which he founded in 2005.


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