Moneyball. The Art of Winning an Unfair Game

Editorial Review
"One of the best baseball—and management—books out....Deserves a place in the Baseball Hall of Fame."—Forbes

Moneyball is a quest for the secret of success in baseball. Following the low-budget Oakland Athletics, their larger-than-life general manger, Billy Beane, and the strange brotherhood of amateur baseball enthusiasts, Michael Lewis has written not only "the single most influential baseball book ever" (Rob Neyer, Slate) but also what "may be the best book ever written on business" (Weekly Standard).

I wrote this book because I fell in love with a story. The story concerned a small group of undervalued professional baseball players and executives, many of whom had been rejected as unfit for the big leagues, who had turned themselves into one of the most successful franchises in Major League Baseball. But the idea for the book came well before I had good reason to write it—before I had a story to fall in love with. It began, really, with an innocent question: how did one of the poorest teams in baseball, the Oakland Athletics, win so many games?

With these words Michael Lewis launches us into the funniest, smartest, and most contrarian book since, well, since Liar's Poker. Moneyball is a quest for something as elusive as the Holy Grail, something that money apparently can't buy: the secret of success in baseball. The logical places to look would be the front offices of major league teams, and the dugouts, perhaps even in the minds of the players themselves. Lewis mines all these possibilities—his intimate and original portraits of big league ballplayers are alone worth the price of admission—but the real jackpot is a cache of numbers—numbers!—collected over the years by a strange brotherhood of amateur baseball enthusiasts: software engineers, statisticians, Wall Street analysts, lawyers and physics professors.

What these geek numbers show—no, prove—is that the traditional yardsticks of success for players and teams are fatally flawed. Even the box score misleads us by ignoring the crucial importance of the humble base-on-balls. This information has been around for years, and nobody inside Major League Baseball paid it any mind. And then came Billy Beane, General Manager of the Oakland Athletics.

Billy paid attention to those numbers —with the second lowest payroll in baseball at his disposal he had to—and this book records his astonishing experiment in finding and fielding a team that nobody else wanted. Moneyball is a roller coaster ride: before the 2002 season opens, Oakland must relinquish its three most prominent (and expensive) players, is written off by just about everyone, and then comes roaring back to challenge the American League record for consecutive wins.

Customer Reviews

Baseball Market

2008-08-15
I found this book fascinating. I had read Michael Lewis' earlier book "Liar's Poker", about his dealings on Wall Street. What struck me most was how he brought his free-market capitalism frame of reference to the world of Major League Baseball and found that for a small group avant-garde managers, the same basic rules apply. Buy low, sell high, don't listen to market hype, and never get emotional. This book might be disturbing to people who have a lifetime love of the pure game, but Major League Baseball is also a business and has to be acknowledged as such.

Sports Fan unfamiliar with Baseball

2008-08-04
I love sports. I love business, finance, and statistics. I've never been a baseball fan. This book was very well written to appeal to a very broad audience with a wide variety of backgrounds on the topic. The principle observations are delivered through expert story telling around very compelling central figures.

Without flowery language or paragraph after paragraph of adjectives - Lewis recounts experiences and conversations with such clarity that you can almost see, smell, and hear the scenes unfolding.

I won't look at baseball or the exploitation of market inefficiencies the same after having read this book. I'd recommend this book to anyone with intellectual curiosity.

Revolutionizes the way that you think about baseball

2008-08-03
So I'm a big fan of fantasy baseball. And for those that are as well, you know that playing the fantasy game changes the way you look at everything. Moneyball has the same effect. It just revolutionizes your outlook on the game of baseball. The "important" stats like RBIs and runs are replaced with really important ones, like OBP and pitches per at bat. No name guys like Scott Hatteberg become cogs that make teams great.

Michael Lewis crafts a book that is engaging on several levels -- to the baseball fan, the economist, and the statistician.

Ever wonder why we give more credit statistically to a guy that bloops a single just out of a poor fielder's reach vs. the guy that smashes a homerun, but is robbed by an amazing leaping catch? This book answers those sorts of questions. And it does so through the amazingly in depth looks at the mind of Billy Beane, the genius that built the A's, renowned for their ability to find talent that other teams miss.

I would highly recommend this book to any fan of baseball on any level. It's a truly great book, and one that will leave you feeling a bit like you stumbled upon a little known secret. You'll suddenly rush and start analyzing the latest pickups of your favorite team. You'll feel compelled to run out and follow the career of guys you'd never heard of before reading the book (and hint...they don't get on SportsCenter that often...). No regrets after reading this, and I promise it will be staying on my shelf for a long time.

saberspace

2008-08-03
Baseball is a game that nerds can really enjoy, largely because of the availability of abundant and meaningful statistics. Back in the 1970s the basic numbers could be obtained through books that were published every year, but a small group of super-geeks began looking more deeply into the mathematics of the game and developing their own metrics for rating players. These guys were mostly self-taught statisticians and motivated entirely by an obsessive passion for the game. I'm talking about people like Bill James, who a few decades ago was a security guard who began publishing really interesting and well-written analyses of baseball statistics in his famous Bill James Baseball Abstracts.

Of course baseball is also fun to watch, even for those who don't enjoy crunching numbers in their spare time. That's why it's a multibillion dollar business, and that's where the influence of the Jamesians gets really interesting. The thing is that for the sport's first 100 or so years the process of locating and recruiting talented players was based entirely on the gut instinct of the scouts employed by each team. These guys were mostly ex-players who made decisions based on notions that had nothing to do with (and often conflicted completely with) the available evidence. (The fact that the world is run almost entirely by people who think this way makes this book all the more insightful.)

Moneyball highlights the success of General Manager Billy Beane, who was able to run a very successful team for many years on a low budget by adapting the statistical approach. Interestingly, Beane was a player who was highly touted by the old-school scouts who employed the conventional criteria (which apparently amounted to something like imagining how the player would look on a baseball card). Beane's struggled throughout the 1990s to bring baseball into the 20th century, and he has had a substantial impact on the game, although any fan who watches the sport in 2008 will tell you that old habits die hard.

Moneyball

2008-07-30
My 15 yr. old son is currently reading it. He can't put it down and he is not an avid reader. He is a baseball nut who not only follows the sport but plays it in high school and hopefully college in a few years. Everyone who catches a glimpse of him reading Moneyball raves about the book themselves. It's an A+ in this mom's book.

The BEST book on the business of baseball

2008-07-27
"One of the best baseball—and management—books out....Deserves a place in the Baseball Hall of Fame."—Forbes

In a narrative full of fabulous characters and brilliant excursions into the unexpected, Michael Lewis shows us how and why the new baseball knowledge works. He also sets up a sly and hilarious morality tale: Big Money, like Goliath, is always supposed to win...how can we not cheer for David?

good, but doesn't beat the curve 2008-07-23
The problem with giving a Michael Lewis book five stars is that there is much better stuff out there. Lewis can be entertaining, and, to give credit, he hits out of the park in his choice of topic here. But he's an arrogant writer, with something of the "brilliant" graduate student after a couple of drinks about him, prone to sermonizing way off topic. He even did this in his first book, Liar's Poker, when he abruptly dropped his fascinating first person account to digress into the history of Salomon in the 1970s. Here - ditto. All the stuff on the A's and Beane is great. However there are way too long digressions into Bill James and the history of stats in baseball, which had me turning pages. Lewis is also fairly repetitive - this book is at least 90pages too long. If you want to read a great, great writer talking sports, try Tom Wolfe's powerhouse short story The Last American Hero, on Junior Johnson and the beginnings of NASCAR, found in his collection The Kandy Kolored Tangerine-Flake. Wolfe is a genuis and can say more in 45pages than Lewis manages here with just under 300.

A new paradigm of player valuation 2008-07-22
This is an excellent introduction to the conception and process of applying sabermetrics, the objective cold-hard-facts method of valuing baseball players in terms of their probabilities of generating runs on offense and preventing runs on defense, to the cost efficient management of a baseball team.

This introduction is accomplished through an almost allegorical tale about Billy Beane, first as a baseball player and then as the General Manager of the Oakland Athletics. As such, it tends to read a bit like a tribute or hero-worship novel as Billy Beane is touted for his trailblazing approach to using statistical analysis, not baseball "wisdom", to value players and assemble winning teams within a fixed budget. But there is purpose in the telling of "The Billy Beane Story" and it is to use it as a literary device to keep the reader engaged as a rather dry subject (statistical analysis and dispassionate player evaluation) is revealed.

If you think that Derek Jeter is a great fielding shortstop, you will learn about tools that demonstrate rather convincingly that, despite Jeter's Gold Glove awards, he is a rather pathetic fielder for a major league baseball player. You will learn about tools that allow a baseball general manager to recognize the value of rather unimpressive physical specimens (e.g., catcher turned first baseman Scott Hatteberg) as surprising productive players when they are important contributors to team success.

Sabermetrics is not widely respected among most who run the show on major league teams today. But there is a slow yet growing recognition of its value. Billy Beane and the Oakland A's may have bmost recently the first, but such methods are being adopted by more and more teams, including the and the Toronto Blue Jays and the Boston Red Sox. (Is it merely a coincidence that the Red Sox finally won the World Series after an 86 year drought only once its ownership and general management adopted a sabermetric approach to player evaluation?) This book will effectively and entertainingly expose you to subtle yet powerful new approach to team management that is growing within baseball. If you love baseball ... if you think you know how to evaluate baseball players ... this is a very worthwhile read.

Sabermetrics for the masses... 2008-07-19
The beauty of Moneyball is Michael Lewis' ability to communicate an excellent baseball story that satisfies hard-nosed Sabermetricians, but do in a way that doesn't alienate non-numbers oriented baseball fans. The story of how Billy Beane got to where he is today (as GM of the Oakland As) is quite compelling, and clearly of key importance to the main question Lewis sets out to answer -- how the Oakland As manage to be successful despite their (relative) lack of salary. The politics of Sabermetrics aside, this is a terrific read and a book all baseball enthusiasts should read at least once (if not once a season).

An Entirely New Way To Think About Baseball 2008-07-17
For many years, I walked by this book on the shelf of my local library and gave it no notice, as the "Moneyball" title gave me the false impression that it was all about economics. I should have heeded the book-readers creed: Never judge a book by its cover. From the very first chapter, I was hooked by the unique philosophy of the text and fascinated by its divergence from traditional baseball maxims. Essentially, Michael Lewis (essentially a conduit for Oakland Athletics General Manager Billy Beane) discusses two subjects:

First, there is the radically different method, started by Bill James, of evaluating players. Instead of the traditional home runs and RBI stats, James (and later Beane) determined that on-base and slugging percentages were the best predictors of successful performance. Instead of looking at factors beyond the batters control (like RBI), one must look at how the batter controls each plate appearance. I could go on and on about the theories developed in this book, but suffice it to say that they are (or at least were in 2001) a complete digression from traditional baseball wisdom, thus are generally scoffed at by "real" baseball people.

The second portion of the books discusses how Billy Beane uses those new scouting methods to keep his small-market A's viable in the baseball market. Though fans moaned when Beane traded away such stars as Tim Hudson, Mark Mulder, Barry Zito, and Jason Giambi, Beane contends in this book that those trades were necessary in order to reduce payroll, plus he was able to find comparable (if not better) players through his new "sabermetric" scouting method. Being a fan of the small-market Minnesota Twins, I was most fascinated with this portion of the book, trying to determine if the Twins were following a Beane model of business.

Overall, I have absolutely no answers (being neither a baseball insider nor a statistician) as to whether or not James and Beane's theories have merit. However, they do make a very convincing argument filled with valid examples to prove their points. Plus, no baseball fan can argue with the results, as the small-market A's always seem to be in contention.

If you are a die-hard baseball lifer like myself, this is a must-read book. Even if you scoff at every single idea (though I don't think you will) it is worth being exposed to.