moneyball
Statistics over scouts
Moneyball is a strategy of using statistical analysis rather than traditional scouting to evaluate players and build competitive sports teams on a limited budget.
The term comes from the 2003 book about the Oakland Athletics baseball team, whose general manager used data-driven methods to compete against wealthier franchises.
Now used broadly for any analytical approach that finds undervalued assets: They're applying moneyball principles to hiring.
Plan for spending
- cost controlManaging expenses systematically
- arbitrageExploiting price discrepancies
- draft picksPlayers chosen by teams
- tradesMutual swaps or crafts
free agency · surplus value · competitive advantage · asset management · opportunity cost
Rate of reaching safely
Data-driven athletic evaluation
- front officeAdministrative headquarters of organization
- NBATop-tier American court league
- NFLPro football organization
- soccerField sport with goals
hockey · business applications · hiring practices · political campaigns · hedge funds · Silicon Valley · disruption · revolution
- bookBound written work
- filmMovie or coating
- bestsellerHigh-volume publication
- adaptationFitting to new conditions
Brad Pitt · Jonah Hill · Aaron Sorkin · sports journalism · narrative · behind-the-scenes
Informed by collected information
- evidence-basedSupported by verified data
- contrarianChronic majority-opposer
- unconventionalDeparting from standard practice
- objectivityFreedom from personal bias
rational · systematic · analytical thinking · market correction
budget
Plan for spending
- cost controlManaging expenses systematically
- arbitrageExploiting price discrepancies
- draft picksPlayers chosen by teams
trades · free agency · surplus value · competitive advantage · asset management · opportunity cost
on-base percentage
Rate of reaching safely
sports analytics
Data-driven athletic evaluation
- front officeAdministrative headquarters of organization
- NBATop-tier American court league
- NFLPro football organization
soccer · hockey · business applications · hiring practices · political campaigns · hedge funds · Silicon Valley · disruption · revolution · copycats
Michael Lewis
- bookBound written work
- filmMovie or coating
- bestsellerHigh-volume publication
Brad Pitt · Jonah Hill · adaptation · Aaron Sorkin · sports journalism · narrative · behind-the-scenes
Oakland Athletics
California baseball franchise
data-driven
Informed by collected information
- evidence-basedSupported by verified data
- contrarianChronic majority-opposer
- unconventionalDeparting from standard practice
objectivity · rational · systematic · analytical thinking · market correction
moneyballeye test
Examination of sight
gut instinct · conventional wisdom · the look · intangibles · talent scouting
money, ball, moneys, monies, moneyed, balls, balled, balling, baller