Numbers game produces results in crunch

Benjamin Graham, the legendary stock-picker, was the godfather of deep-value investing. Stanislaw Ulam, a brilliant mathematician involved in the Manhattan Project at Los Alamos during the Second World War, was the inventor of Monte Carlo simulations. They were born fifteen years apart, either side of the turn of the 20st century, and despite having no interest in games, both continue to have an influence over modern sport.

The link is ‘Moneyball’, Michael  Lewis’s superb account of how re-evaluating conventional statistical wisdom in baseball helped the Oakland As compete against the financial powerhouses of baseball. After a change or two of director, Lewis’s book has now been made into a film and it opens in America tomorrow, with Brad Pitt in the starring role of Billy Beane, the Oakland A’s general manager………

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