2013 - Billy Beane

Billy Beane – Moneyball and finding value in the marketplace
Billy Beane was once one of the highest rated baseball prospects in the country. His experience as a can’t miss prospect that ended with an unimpressive, six-season major league career (part of it with the 1987 Minnesota Twins) taught him that the conventional wisdom that dominated baseball management was wrong.

Mr. Beane’s value approach to building a baseball team was made famous by Michael Lewis bestselling book Moneyball, which inspired the Oscar-nominated major motion picture that starred Brad Pitt.

Mr. Beane’s approach to buying quality players at the right price is similar to MPMG’s style of selecting businesses to invest in. Here is a summary of Mr. Beane’s comments at the MPMG Speaker Series event on August 15, 2013 and how his approach to baseball player selections can be related to investing.