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Great Read, another Lewis Classic,
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This review is from: Moneyball: The Art of Winning an Unfair Game (Hardcover)Michael Lewis seems to have cornered a new patch of ground where sport meets economic analysis. That doesn't sound too promising as a subject for a book but this is a read in one sitting kind of book.
The basic thesis is that the baseball old guard mis-value systematically certain attributes in their players. They tend to test athletic basics and ignore a rich seam of statistical evidence that would allow a better valuation of players. Billy Beane of the Oakland 'A's is a poor man in a rich man's game, to compensate he uses statistics to substantially outperform expectations. In other words he looks for mis-priced players and exploits them to get his team into the World series.
Lewis manages to humanise this potentially dry stuff with acute character analyses of both Beane and the players, and some of the stories really get under your skin and are often really funny.
The writing is excellent and even if you have no interest in baseball, this is a book worth reading especially if you like 'Liar's Poker: Two Cities, True Greed(Coronet Books): Playing the Money Markets' or 'The New New Thing: How Some Man You've Never Heard of Just Changed Your Life'.