Friday, October 15, 2004

Value Investing (Part 1), or
Should I Be Long Bill Gross's Blog?

Boston Red Sox GM Theo Epstein's story...

The really portentous story is Voros McCracken's...

"The Sox are now getting paid help not only from James but from Voros McCracken, a former paralegal who was a frequent contributor to [BaseballPrimer.com] in his spare time. (He and James are currently collaborating on a project involving the amateur draft.) McCracken is most famous for his creation of D.I.P.S. (Defense Independent Pitching Statistics), which are based upon the exhaustively researched theory that walks, strikeouts, and home runs allowed are the only three elements of a traditional pitching record that have real value for projecting performance."

New Yorker
July 14, 2003