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Moneyball: The Art of Winning an Unfair Game

Moneyball: The Art of Winning an Unfair GameMoneyball: The Art of Winning an Unfair Game by Michael Lewis

My Rating★★★☆☆

It was a better story before I knew the whole story.

Almost every book on randomness I have read had a reference to Moneyball and I had built up my own version about this story (I had even told a few people that version!) and it imagined everybody doing what Billy Beane was doing, and Billy Beane doing some sort of probability distribution among all players and randomly picking his team, winning emphatically, and thus proving that a truly random pick of players is the equivalent of a true-simulation of the market and just like how no considered selection of stock picks can ever outperform the market in the long run, a truly random representation of the baseball market cannot be outperformed by the interventionist methods of other teams over a long season. That is the story I wanted to hear. My apologies to anyone to whom I have spouted this story – it is not true. It is still probable though, when the next radical Billy Beane comes along in sports.

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Posted by on August 19, 2012 in Book Reviews, Books, Thoughts

 

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The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein

The Shock Doctrine: The Rise of Disaster CapitalismThe Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein

My Rating★★★☆☆

I read it once, and I couldn’t believe it.

I went back to the beginning and read it right through again and I believe it even less.

I want to, honestly. And I feel as strongly as the author that The Shock Doctrine is changing the world. But it runs in the face of all economics I have been taught and I find myself scorning and muttering ‘alarmist’ to some of the more provocative paragraphs.

I will now read Seth Godin to recover.

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Posted by on June 6, 2012 in Book Reviews, Books

 

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