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MONEYBALL (2004), Michael Lewis

I absolutely roared through this book, by the author of Liar's Poker and The New New Thing . Lewis writes about business, and in this book he applies business/share-trading principles to professional baseball, specifically, the Oakland Athletics.

You see, the Oakland A's have a $30 million budget, yet they regularly compete with the New York Yankees, who have a $120 million budget. Lewis asks why. And the answer is astonishing: most of baseball's accepted "statistics" are actually meaningless. Oakland have been finding great players at cheap, bargain-basement prices because baseball's Establishment is clinging to old, out-of-date (and sometimes just romantic) theories.

An awesome read for anyone who loves pro sport and business - which most certainly includes me! (Reviewed August 2004)

 

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