October 4, 2006
There is a book called "Moneyball" that talks about the sport of baseball from a purely financial stance. It refers to an Oakland Athletics team from a few years ago, and the management that had one of the least paid teams in baseball win 100 games. The big idea behind it was that they created a financial metric that ranked each player based on things that were truly important, RBI's, On-base-percentage, etc. It turned out that some of the top ranking players were on the bench for other teams. They scouted and bought up those players and put together one of the most underpaid, overperforming teams of all time. It's a quite remarkable study about how to treat a game like a business in order to better win the game. It also makes me feel dirty.