Speaking of statistical analysis, the Mets hired sabermetrics-advocate Sandy Alderson as their new General Manager this week. Here is an extensive (and excellent) interview of Alderson back when he was CEO of the Padres. Rumor has it that he’s going to bring along Paul DePodesta to the front office, who was prominent in Moneyball (a book we’ve invoked a few times so far), and has his own blog.
One of us is from Staten Island and now lives close to the Jersey Shore. In other words, he’s just living the dream.
We’ve been really enjoying Charles P. Pierce’s blog at Boston.com, and this post’s title, which is almost as long as the post itself, is perfect in taking a shot at fellow Bostonian, Bill Simmons.
Ever heard of the BerkShare? It’s just one of several local currencies that have cropped up due to the recession. Speaking of the economy, if you haven’t read it already, this New York Magazine piece describing the dynamic amongst President Obama’s economic advisors is definitely worth a read.
This New York Times Magazinecover story on whales raises interesting questions regarding animal psychology and the similarities between whales and humans (who knew whales dreamed?). It reminds us of two very diverse things: 1. This February New York Review of Booksexamination of ant civilizations; and 2. Comedian Brian Regan on whale communication.
Here again is the Michael Lewis story on AIG that Vanity Fair ran. If the economic downturn has been good to anyone, it’s Lewis, who has apparently been writing nonstop since last December. We’re starting to wonder if maybe he engineered this whole thing to promote his book.
For anyone interested in what happened at AIG last year, Michael Lewis’ Vanity Fair story is a must-read. Lewis, author of Liar’s Poker, is very good at making complicated investment procedures intelligible to the uninitiated.
The most interesting thing about the story is how it illustrates the grand lesson of last year’s economic collapse: Everyone screwed up and no one person is to blame.
Compare, as Lewis does, the AIG collapse, which has largely vanished from the public memory, to the Bernie Madoff case, which arouses everyone’s ire. Madoff is a simple, if tragic, story: One guy conned a bunch of people into giving him money, and then used the money for himself and his family, leaving nothing for his clients. Madoff is a thief and a criminal and deserves to serve every year of the 150 on his sentence. Continue reading »