‘Moneyball’ manager Billy Beane says Warren Buffett’s investing lessons apply to baseball too – and Seth Klarman agrees
"Moneyball" star Billy Beane said Warren Buffett and Charlie Munger''s lessons apply to baseball. The ex-Oakland Athletics manager excelled at finding undervalued players and besting richer teams. Baupost CEO Seth Klarman recently described "Moneyball" as a value-investing book. Warren Buffett and Charlie Munger preach a "value investing" philosophy centered on identifying and buying underpriced assets. Billy Beane of "Moneyball" fame says their teachings are equally relevant in the ballpark. "If you look at everything Warren Buffett and Charlie Munger say, if you take the word ''investing'' out and put ''baseball'' in, every sentence still works," Beane said at the Tipalti Illuminate tech conference last week, according to The San Francisco Business Times . Spotting bargains Beane, the former general manager of the Oakland Athletics, pioneered the use of statistical analysis in baseball. He and his team realized that stats such as foot speed, fastball velocity, and batting average were overvalued by other teams.
‘Moneyball’ manager Billy Beane says Warren Buffett’s investing lessons apply to baseball too – and Seth Klarman agrees
"Moneyball" star Billy Beane said Warren Buffett and Charlie Munger''s lessons apply to baseball. The ex-Oakland Athletics manager excelled at finding undervalued players and besting richer teams. Baupost CEO Seth Klarman recently described "Moneyball" as a value-investing book. Warren Buffett and Charlie Munger preach a "value investing" philosophy centered on identifying and buying underpriced assets. Billy Beane of "Moneyball" fame says their teachings are equally relevant in the ballpark. "If you look at everything Warren Buffett and Charlie Munger say, if you take the word ''investing'' out and put ''baseball'' in, every sentence still works," Beane said at the Tipalti Illuminate tech conference last week, according to The San Francisco Business Times . Spotting bargains Beane, the former general manager of the Oakland Athletics, pioneered the use of statistical analysis in baseball. He and his team realized that stats such as foot speed, fastball velocity, and batting average were overvalued by other teams.