Moneyball: win the national league with the lowest budget
Today I finished reading “Moneyball: the Art of Winning an Unfair Game” by Michael Lewis.
I wouldn’t say it’s my favourite management book ever, far from it – however, it was definitely worth going through. Moneyball is the story of baseball team Oakland Athletics, which, under the command of its general manager Billy Beane, won the league with the smallest budget in the league.
What I learnt:
Billy’s method: focus on facts rather than fame; trust statistics if and only if well interpreted; mix rookies with veterans to keep your cost structure low; understand the background of the people you hire and listen deep inside in their motivation locus; back up your leads; stay close to your most valuable assets: your people; you don’t build a team by hiring stars.
Why Moneyball hasn’t left an eternal print in my memory:
The book is as much about hiring and managing a team than about baseball. I happen to have a very limited baseball culture and I’m sure baseball fans willing to brush up their management skills would find in Moneyball the perfect book. I didn’t.
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