Thursday, August 19, 2004

Misunderstanding Moneyball

Moneyball is a fabulous books about sabermetrics primarily. And a lot about how the Oakland A's use sabermetrics. Basicly, use good and objective statistics to build a winning baseball team. For the Oakland A's, it's about doing it with less money.

Many of us, both pro and con, got caught up in on base percentage, etc. But most of us missed the underlying point of the book. Sell what the market (other teams) overvalues. Buy what the market undervalues. Thereby, do more with less.

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