![]() ![]() ![]() In fact, the word Moneyball has become synonymous with applying analytical rigor to exploit market inefficiencies. ![]() The influence of Moneyball has been felt far beyond the world of sports. Despite a monumental spending disadvantage, Beane outfoxes the competition and achieves remarkable success by snagging value players who don’t pass the traditional eye test for what a future baseball star should look like but who excel on previously unrecognized yet important performance metrics. Lewis’ most influential work, Moneyball, chronicles the nonconformist approach to professional baseball talent evaluation employed by general manager Billy Beane of the small-market Oakland Athletics. Aside from finance, Lewis’ other main subject matter has been professional sports, or rather the use of unconventional management strategies, guided by increasingly complex use of quantitative analysis, to gain a competitive advantage in that sphere. He made his name with Liar’s Poker, helping a lay audience understand questionable securities practices and the 1980s Wall Street culture that enabled them (followed by expositions of 2000s Wall Street in The Big Short and Flash Boys). Michael Lewis is known for successfully taking complex quantitative subjects and writing about them in a way that makes them accessible, and thus interesting, to non-experts. ![]()
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