How To Take Less Risk And Earn Better Returns
Billy Beane was a baseball scout’s dream.
He was fast. He was strong. He had every physical tool to smash home runs to China. But his playing career in the Big League fizzled.
Beane was sent from team to team. None of his coaches, it seemed, could help him reach his full potential. Beane was temperamental. He smashed baseball bats in anger.
After retiring from active play, he became manager of the Oakland A’s. His story was immortalized in Michael Lewis’s excellent book, Moneyball. In many ways, Billy Beane was like a stock market index. Investors have a tough time handling them.
In fact, most people could make more money by taking less risk.
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