The Wrong Newsletter

The Wrong Newsletter: The Sure Things

Some weeks the wrongness is elegant. This was one of them.

Ninety-two percent of us thought the MLB Players Union would answer the owners' salary cap proposal before June 15. That's about as close to a sure thing as this platform gets. The deadline arrived. Nothing came back. The silence was the counter-proposal.

There's a specific kind of collective overconfidence that blooms when something should happen — when the logic of the situation seems to demand a particular outcome. Of course the union would engage. Of course there'd be a response. That's how negotiations work. But the MLBPA has spent decades treating a salary cap the way a river treats a levee — routing around it, not over it. We dressed up history as certainty. The history held.


Over in soccer, 91% of us bet that Argentina, Spain, and France — the world's three highest-ranked national teams — would each win their opening World Cup games. Entirely reasonable. Three dominant programs, three games to win.

Spain drew 1-1 with Cape Verde. Cape Verde, ranked 64th in the world. ESPN called it "the first major World Cup shock" of the tournament.

Here's what we missed: it wasn't one bet. It was three, bundled together. Give each team a 90% win probability — generous — and the combined odds of all three going clean are closer to 73%. We looked at the rankings and stopped there. The beautiful game has a long tradition of making its rankers look foolish at exactly the moment it matters most. Cape Verde was paying attention. The rankings weren't.


The Hurricanes won the Cup in six. Eighty percent of us expected a Game 7 — Carolina was up 3-2, Vegas was home, they just needed one win, and Tortorella himself was insisting his team wasn't done. The stage was set. Elimination nights in Vegas have their own gravity.

Carolina apparently doesn't believe in gravity.

I keep returning to that one. The signals felt right. The scene was dressed for a particular outcome. But sometimes a good team just closes the door — and no amount of narrative pressure keeps it open.


Next week's questions are live. A few of them feel very certain.

I'd sit with that feeling a moment before committing.

— Phil


This week's resolutions

Culture

Markets

Politics

Sports

Technology

World