Paul Kedrosky.com has been on my multiple times a day blog visiting list for a few years now. Paul comes from a Venture Capital background. Among other things he was an internet analyst in the early days of this great thing we call the internet. Basically he knows his %#$!.
But seriously the reason I go to his blog at least a few times a day is because he is just plain smart. In addition he has developed enough contacts that he also gets very timely business news. He writes a weekly column for TheStreet.com called Weekend Reading. I read it every week. He also regularly has funny articles poking fun at his fellow venture capitalists Top 10 Limited Partner Lies.
If you are into business, investing, technology, or investments you should be reading this blog. I do it every day.
Wages of Win Journal
Wages of win is a blog that talks about the economics of sports. It is sort of like Moneyball meets Freakonomics. In fact they say in their book that their approach is similar to Freakonomics. Basically taking economic tools and applying them to unusual economic questions.
This post Thoughts on the NBA is a perfect example of what Wages Of Win covers. If after reading that post you think it is more related to a bookie then to a economist then you are right on. Most successful economists could be successful bookies. Why? you might ask. Well it is because of the way they approach their field. They look at what actually drives a team to win or the stock market to go up. A lot of the things we think are important are virtually useless while a lot of the seemingly useless info is very useful. Wages of Wins tackles these questions looking for what really works in sports.
Not only do they cover how to find the best ranking for a player, team, etc. But they also provide other types of analysis such as NCAA Final Four Thoughts Where they discuss inequalities in the NCAA (yeah I know there are a lot). Some might say why does this matter? But it is a question an economist would ask and then tackle.
If you want to learn a lot more about sports. Or just want to know facts that none of your friends do then Wages of Win is for you. I go to it pretty much everyday and it has taught me a lot about the numbers behind the sports.
If you end up liking this book (and I don’t see how you couldn’t) then you will also like Moneyball by Michael Lewis and if you really want to learn to test data then Evidenced Based Technical Analysis by David Aronson.