I was very lucky this last Fathers’ Day weekend. I was able to spend some time kicking back, watching whatever movies and reading whatever books I wanted to. It was great; my family left me in my man cave with my books, DVDs and the TV. Talk about a fathers day gift.
Yep, I read about octopi and square Oreos and watched movies of Bruce Lee and Brad Pitt. Even though I was in “Man Cave Mode”, I couldn’t help but think about how some of what I was watching and reading could help traders and their approach.
That’s what I’d like to share what I learned while I was in “Man Cave, Father’s Day” mode, How the Octopus and Square Oreos can help your trading.
One of the movies I finally had a chance to see was the Brad Pitt movie, Money Ball. I think everyone has heard about the movie and how, due to budget constraints, Billy Beene, GM of the Oakland A’s, used a totally new approach in evaluating players that changed the baseball world forever. One line from the movie that really hit me was when the owner of the Boston Red Sox, John Henry, interviewed Billy Beene. During this conversation, John Henry basically said that baseball owners had to adapt to Billy Beene’s new approach. If they didn’t, they would become dinosaurs that die and become extinct.
That got me to thinking, “Wow, Even the long time utilized and believed approaches used by baseball teams no longer worked.” (more…)