Ktismatics

26 September 2011

Moneyball in 5 Seconds

Filed under: Movies — ktismatics @ 7:41 am

Buy low, sell high.

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2 Comments »

  1. Hi John, it’s pretty low all round right now, so are you buying, buying, buying? This series of economic bottoms has thrown up some interesting questions for the “American Dream” and now also for the European slumber…

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    Comment by sam carr — 26 September 2011 @ 9:40 pm

  2. Hi Sam. We saw this new film — “Moneyball,” starring Brad Pitt — on Saturday. It’s a baseball movie, chronicling how one team with a limited bankroll was able to succeed against far wealthier teams by buying undervalued players. As the two main characters remind us near the end of the movie, “it’s a metaphor.” Some of the players the team buys seem so thankful that management has given them a chance, but the point is that these players, based on their prior records, are being underpaid based on their value to the team. This too seems metaphorical, with respect to sweatshop workers in the third world supposedly being grateful to have any job at all whereas in fact management is underpaying them for the value they bring to management’s bottom line. However, manufacturing in China at least is down — maybe India too; I don’t know — largely because nobody’s buying the products at the prices for which they’re being sold. It seems that management has to start paying workers something closer to what they’re worth if they’re going to become consumers as well as producers. But now I’ve gone far beyond the scope of the movie, which doesn’t discuss at all the revenues generated by the ball clubs, whether a more successful team brings more paying customers into the ball park, etc.

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    Comment by ktismatics — 26 September 2011 @ 10:03 pm


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