Michael Lewis: Moneyball, Boomerang, The New New Thing, The Premonition
Trader's Library #86 · Market history, crises and scandals. Lewis beyond Wall Street: statistics in sport and the euro crisis.
Author: Michael Lewis · Original: Moneyball; Boomerang; The New New Thing; The Premonition · Year: 2003 · Usefulness for traders: ★★★☆☆
What it's about
Lewis's other books in this set: “Moneyball” (how a baseball team won with statistics), “Boomerang” (the European debt crisis after 2008: Iceland, Greece, Ireland, Germany), “The New New Thing” (1990s Silicon Valley) and “The Premonition” (the COVID pandemic).
What it gives a trader
“Moneyball” is the best book in this set on statistical edge: finding what the market misprices because it follows intuition and stereotypes. “Boomerang” helps you understand the eurozone debt crisis.
Lessons for traders
- an edge comes from what others misprice
- data beats expert intuition (the halo effect, Atlas of biases #29)
- one country's debt crisis spills over into others
What to watch out for
“The New New Thing” and “The Premonition” have no direct connection to markets.
On screen
This topic also has a film version: 🎬 Film Library #65 · Moneyball (2011).
Discussion
The discussion takes place in Hetman Capital Club (in Polish). Join the discussion in the Club →
Navigation
← #085 Niall Ferguson: The Ascent of Money and the History of Finance · Library index · #087 Adam LeBor: The Believers and Tower of Basel →
Educational content, not investment advice. The book description is my own summary and assessment, not quotations. Edition details were checked in catalogues and bookshops, and where there was doubt I said so plainly.