Trading Bases: How a Wall Street Trader Made a Fortune Betting on Baseball by Joe Peta

Author:Joe Peta [Peta, Joe]
Language: eng
Format: epub
ISBN: 9781101609651
Google: I7XThRlsEIYC
Amazon: 0451415175
Published: 2013-03-07T05:20:15+00:00

If investment banks really want the best talent on their trading desks, management needs a systematic approach to identifying top traders that resembles the talent-evaluation methods of baseball’s forward-thinking general managers. At the same time, baseball general managers would do well to teach a little more game theory to their on-field managers and heed the lessons of the best stock traders.

But, most important, professionals in other industries shouldn’t be mocking baseball for its collection of acronym-heavy statistical analyses. They should be embracing the practices in their own industry.

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