Two obscenely rich investors are pulling their support for the governor’s failing campaign. They’re either bad at their jobs or too embarrassed to admit they blew it.
to CNBC last week to suggest he was blindsided by the governor’s hard line on Disney, something he said “doesn’t reflect well on the ethos of Florida.”In business terms, putting so much money behind DeSantis only to back out later because of his politics is like purchasing Apple, Inc., and selling it after realizing the company doesn’t sell Red Delicious, Granny Smith, Honeycrisp, or other tree fruit varieties.
That might be especially true with Griffin, who booked the CNBC slot just as national media started cranking outequivalents for DeSantis’ campaign following a pattern of awful poll performances. Peterffy also ostensibly said the campaign’s lack of appeal was one of his reasons for jumping ship. In April he told the Financial Times that DeSantis was losing “momentum.”
But no matter how they spin it, backing DeSantis for something bigger than Florida was always a poor financial strategy. A prudent investor would’ve picked up on his fundamental flaw: his indebtedness to Trump. They then would’ve realized that DeSantis could never beat the former president because patricide isn’t a winning strategy.
The political calculus really is that simple, and it must be embarrassing for these so-called investors to have lost big by overlooking it. They’re coping by trying to put the blame on DeSantis’ strategy—as if it’s surprising to see extremism ahead of a Republican primary. It doesn’t take a billionaire to avoid buying that nonsense.
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