Of Money and Baseball
With the buzz of the 2014 Major League Baseball Season in the air, this is a great time to revisit one of our favorite books, Moneyball, by Michael Lewis. For the unfamiliar, this book is to baseball as Taking the long view is to investing: a look at how data and evidence will allow you to make smarter decisions in evaluating baseball players—and investment choices.
Our colleague, friend, and director of investment strategy for the BAM ALLIANCE, Jared Kizer, wrote a great blog post where he talks about some of the similar applications in investing that predate Moneyball.
When you use the data and evidence, it allows you to ignore the noise and focus on factors that really matter. That’s how we approach investing for our clients.
If you haven’t read Moneyball or seen the movie, let us know and we would be happy to send you either version of this now classic Michael Lewis story.