Sublime
An inspiration engine for ideas
Baseball people believed they knew the answers to those questions, and all the others. But those assumptions hadn’t been tested in decades, if ever, so it shouldn’t be surprising that many of them turned out to be wrong. From that gap between the assumed and the actual, Beane and his assistants were able to use their limited budget to construct div
... See moreBruce Schoenfeld • Game of Edges
What football had not witnessed, Anderson and Sally felt, was an analytics revolution. Plenty of people were reading the numbers and taking note of what they said: these are the players who have sprinted the most, these are the number of shots we have taken and the rest. But nobody – as far as they could tell, at least – was trying to find out what
... See moreRory Smith • Expected Goals
The key to making a good forecast, as we observed in chapter 2, is not in limiting yourself to quantitative information. Rather, it’s having a good process for weighing the information appropriately. This is the essence of Beane’s philosophy: collect as much information as possible, but then be as rigorous and disciplined as possible when analyzing
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
Invest like the Best • Unwrapping the Gift
Looking back over the previous five years, they now saw that they’d systematically overvalued their own players whenever another team tried to trade for them. Especially when offered the chance to trade one of their NBA players for another team’s draft picks, they’d refused deals they should have done. Why? They hadn’t done it consciously. Morey th
... See moreMichael Lewis • The Undoing Project: A Friendship That Changed Our Minds
Steve Birch, another of our in-house money managers, started managing money earlier. He took advantage of the roaring bull market of the late 1990s and protected most of his gains by going mainly to cash in the bear market. Between 1998 and 2003, he had gained over 1,300%.