Trading Bases: A Story about Wall Street, Gambling, and Baseball (Not Necessarily in That Order)

AnEx-WallStreetTraderImprovedOn"Moneyball"'SFamedSabermetricsToPlaceBetsThatWouldBeatTheVegasOddsOnMajorLeagueBaseballGames--WithA41PercentReturnInHisFirstYear."TradingBases"ExplainsHowHeDidIt.AfterTheFallOfLehmanBrothers,JoePetaWasOutOfAJob.HeFoundANewOneButLostThat,Too,WhenAnAmbulanceMowedHimDown.InSearchOfAWayToCheerHimselfUpWhileHeRecuperatedInAWheelchair,PetaStartedWatchingBaseballAgain,AsHeHadGrowingUp.That'SWhenInspirationHit:WhyNotApplyHisOutstandingRisk-AnalysisSkillsToImproveOnSabermetrics,TheMethodMadeFamousBy"Moneyball"--AndBeatTheOnlyMarketInTown,TheVegasBettingLine?WhyNotTreatMlbLikeTheS&P500?In"TradingBases,"PetaShowsHowToSubtractLuck--InParticular"ClusterLuck,"AsHePutsIt--FromATeam'SStatisticsToBestPredictHowItWillPerformInTheNextGameAndOverTheWholeSeason.HisBaseball"HedgeFund"ReturnedAnAstounding41PercentIn2011--AndHasNeverBeenDownMoreThan5Percent.PetaTakesReadersToTheBallparkInSanFrancisco,TradingFloorsAndBaseballBarsInNewYork,AndSportsBooksInVegas,AllWhileTracingTheProgressOfHisWagers.OftenHumorous,OccasionallyTouching,AndWithAWinkTowardTheSheerImplausibilityOfTheWholeProject,TradingBasesIsAllAboutTheLoveOfCriticalReasoning,TradingCultures,RiskManagement,AndBaseball.AndNotNecessarilyInThatOrder.