Book Reviews

Book Review: Moneyball

Moneyball is an amazing multi-genre book that is changing the way that millions of people think about sports as well as other topics. The statistics used to evaluate baseball players were not an accurate portrayal of player value. When Bill James blew that wide open with his Baseball Abstract, most of baseball didn’t notice. Those who did shrugged.

Once Oakland A’s manager Billy Beane started winning against all odds by using sabermetrics as the basis for player selection, people finally started paying attention. Even then, it took a long time for baseball to come around.

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Investing

Gamestop and Robinhood Explained

Yesterday, I visited the Chris Spangle Show on the We Are Libertarians Network to discuss the Gamestop (GME) short squeeze, Robinhood keeping users from buying GME and related securities like Blackberry (BB), Bed Bath and Beyond (BBBY), and Nokia (NOK), what all this means for the market and the public, and how the government might intervene.

View the Youtube video below or click here to listen to the podcast episode.

Education

Education and a Happy Life

I am an educator. I have been teaching for 10 years. This week, as I reach a huge milestone in my own continuing education, finishing my Master’s degree, the field of education is facing an existential crisis. K-12 schools are underfunded by state and local governments and have huge issues in inequality. College educations are increasingly necessary but wildly expensive. Covid-19 has magnified many of these problems and brought to our attention how vulnerable the system is. To use a finance metaphor, our society is in a period of price discovery for education. We cannot figure out what it is worth to us.

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Book Reviews

Book Review: Meltdown by Chris Clearfield

Meltdown (Clearfield)Our society increasingly relies on complex, tightly coupled systems that handle our healthcare, finances, travel, and more. While those systems can be more productive and theoretically safer, they have vulnerabilities, including the complexity in itself. Sometimes, the addition of more safety features can actually make something less safe by making it more complex and therefore more likely to allow for a mistake to be made. Continue reading “Book Review: Meltdown by Chris Clearfield”