Moneyball and Understanding Investing
Pete Townsend penned this blog post for 11:FS in January 2018:
Until the wider acceptance of Bill James ‘Sabremetrics’, immortalised in ‘Moneyball’ by Michael Lewis in his book from 2003, the rating of Major League Baseball (‘MLB’) players was determined by subjective talent scouts and a few basic statistics. James first defined Sabremetrics as ‘the search for objective knowledge about baseball’ in 1980. But it took over 20 years for Sabremetrics to be accepted as a powerful tool in rating players and understanding their impact on the financial side of baseball.
What in the world does this have to do with understanding investing? Like baseball and Sabremetrics, technology has enabled a new breed of asset manager to connect in a more meaningful way with the end investor.
Read on here: https://11fs.com/blog/moneyball-understanding-investing