Moneyball: The Art of Winning an Unfair Game
Wednesday, July 30th, 2014 | Books
Moneyball is a Michael Lewis book about Billy Beane revolutionised baseball by replacing the scouting staff of Oakland Athletics with one geek and his computer named Paul DePodesta. They started drafting based on statistics, rather than whether someone looked like a traditional baseball player. The result was that with one of the lowest payrolls in baseball, they became the first team ever to win 20 games in a row.
It is written in Lewis’ usual style of presenting the information in a story narrative and is essentially the same theme as many of his other books – how people have had a huge amount of success by exploiting inefficiencies in the market.
A very interesting read and makes you wonder how many areas of human affairs suffer from such inefficiencies. The answer is almost certainly, a lot.
Moneyball is a Michael Lewis book about Billy Beane revolutionised baseball by replacing the scouting staff of Oakland Athletics with one geek and his computer named Paul DePodesta. They started drafting based on statistics, rather than whether someone looked like a traditional baseball player. The result was that with one of the lowest payrolls in baseball, they became the first team ever to win 20 games in a row.
It is written in Lewis’ usual style of presenting the information in a story narrative and is essentially the same theme as many of his other books – how people have had a huge amount of success by exploiting inefficiencies in the market.
A very interesting read and makes you wonder how many areas of human affairs suffer from such inefficiencies. The answer is almost certainly, a lot.