Progressive managers are finding sweet relief by unshackling their closers

(K. Brent Tomer),

”MY SHIT doesn’t work in the playoffs”, Billy Beane, the general manager of the Oakland Athletics, famously said in “Moneyball”, the Michael Lewis book and subsequent Brad Pitt film about how he succeeded in Major League Baseball (MLB) on a shoestring budget by playing the percentages. Mr Beane’s teams consistently won enough during the six-month, 162-game slog of the regular season—sufficiently long for random fluctuations to cancel each other out and the best clubs to rise to the top—to make the sport’s post-season tournament year after year. But the brief five- and seven-game playoff series that determine the game’s champion were scarcely more predictable than coin flips: the club with the best regular-season record typically wins the World Series about 20% of the time. Be it because of simple bad fortune or his players’ alleged lack of mental and emotional resilience and intestinal fortitude, Mr Beane’s teams always seemed to flame out once the calendar turned to October.

In one sense, the 2016…Continue reading

via K. Brent Tomer CFTC Progressive managers are finding sweet relief by unshackling their closers

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