Earlier this week, Michael Bloomberg, former New York City mayor and nemesis of high fructose corn syrup, gave an interview to the Financial Times in which he confirmed his curiosity about launching a late bid for the 2016 Presidential election.

This sort of thing tends to happen during the election cycle. Well-known people without ego deficits look at the field and think: You have to be kidding me with these candidates. I could totally win this thing. This thought usually lasts until the prospective candidate sits down, takes...