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.
Continue reading “Book Review: Moneyball”
Eur breaking up with me?!
Maybe I’m too much of an optimist, but I’m not too worried about a Euro breakup, a Trump trade war, North Korea, etc. Geopolitical conflicts have gone on for a long time. The market is notorious for overreacting to geopolitical news when it comes to stock prices in the short term, but eventually corporations and their investors still earn their money in the end. Continue reading “Finance Friday #6: Breakups”
Just because the economy is good doesn’t mean you should act like it. If you load up on debt to buy stuff, you are taking a huge risk. Debt is the spending of future earnings plus interest. What if those future earnings don’t happen? Continue reading “Finance Friday #5: Risk”
Israeli psychologists Daniel Kahneman and Amos Tversky spent hours and hours discussing theoretical concepts in psychology, developing an amazing working relationship that would completely change multiple fields in the social sciences. Continue reading “Book Review: The Undoing Project”