HackerNews Readings
40,000 HackerNews book recommendations identified using NLP and deep learning

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mellingonAug 19, 2018

They have some free Prime books too. I’m reading Moneyball now.

shawnpsonJan 26, 2011

I liked Moneyball a lot, very interesting read. I felt it encouraged me a bit to take more risks, regardless of what others think.

LeonBonOct 14, 2019

"Moneyball: the art of winning an unfair game." by Michael Lewis.

Pretty good. Makes you think! More in-depth than the movie (as you'd expect)

protoplantonFeb 3, 2018

The book Moneyball talks about this. Well I thought it would be about baseball, but it was kind of about our ability to judge merit. It's hard even in a measurement driven sport like baseball. Sports are arguably the purist meritocracy, yet scouts were routinely missing on their evaluation of talent.

elcapitanonMar 3, 2016

I was wondering, is Moneyball actually a good read in case you are not American and not really familiar with Baseball? (because I liked some of Michael Lewis' other books).

Btw, there's an upcoming Coursera course on Mathletics/Moneyball: https://www.coursera.org/course/mathletics

extragoodonJuly 30, 2018

Moneyball by Michael Lewis says yes.

This is from memory, but baseball scouts historically rely heavily on athletic appearances (what they think a good pitcher, hitter, etc looks like), more than hard stats.

everlostonMar 4, 2016

I always think of Michael Lewis' Moneyball story when I read such things. When everybody else is scouting for 200k players, why not pick promising fresh graduates? You might have to spend more time mentoring, but you get extra cash to lengthen your runway.

JackFronApr 4, 2014

I suppose one could add this book to

The Blind Side -- the story of how one of Michael Lewis's classmates as an Ole Miss booster, gave impermissible benefits to a high school recruit and got away with it.

Moneyball -- the story of a GM with 0 World Series appearances and a .530 WP.

tptacekonOct 7, 2012

The book is pretty good, sort of like a cross between Moneyball and Freakonomics. It's less political than you'd think it'd be, and as an attempt to preach the gospel of Bayesianism, should be congenial to most HN readers.

tptacekonDec 11, 2020

Oh, lord, no. His best book, by far, is Moneyball, and then The Blind Side, The Big Short, and then Liar's Poker --- though I trust The Big Short less after Flash Boys.

rsotoonNov 5, 2017

The art of game design: Even if you're not aspiring to be a game dev, this book teaches you a lot about project scope, management, psychology, mechanics, balance and user experience.

Flight of the buffalo: An excellent book about leadership.

Moneyball: I'm not into novels, so this might be the closest thing to it. It's a fantastic book about thinking creatively and working with what you have. It's about baseball, but even if you don't like it, it's quite entertaining and insightful.

waterside81onJan 10, 2011

If you have a 4th & 2 from your own 10 in the first quarter, go for it!

No matter what the math says, no coach will do this (save for maybe Billichek, but even he's not that bold). Sports is one of those areas where the "gut" and conventions are more important than stats and probabilities. Moneyball is a great book for anybody whose interested in the intersection of sports conventions and math.

http://www.amazon.com/Moneyball-Art-Winning-Unfair-Game/dp/0...

DTrejoonMay 20, 2017

Super interesting article. With a system like this you can also get great metrics for product health / tech debt. If you were also looking at key growth metrics for the apps, you'd be able to see which releases improved them, and give credit (in the cases where it makes sense).

Metrics related, here's a book review of Moneyball I just wrote: https://dtrejo.com/moneyball-book-review-and-measuring-reven...

sprachspielonDec 19, 2010

The Big Short: Inside the Doomsday Machine is a very good book on the crisis. The Economist calls it "One of the best books on the recent crisis". I very much agree with this assessment. It's written by the former investment banker Michael Lewis who is the author of Liar's Poker and Moneyball.

SassyGrapefruitonOct 16, 2020

This is strawman. If you phrase like this...

"Make your code more testable by moving things that are cumbersome/expensive to test but extremely unlikely to break into functions you don't test. Instead focusing your efforts on making the items that are likely to break easy to test"

Phrased honestly it becomes more interesting discussion.

I have worked on projects that had static analysis and high code coverage standards where code quality was abysmal, the product was barely functional, and development was paralyzed. I have also worked on projects that had none of those things but managed to have happy customers and quality product.

What does this mean?

It means that writing lots of tests is not enough to guarantee good outcomes. 1 great test is an asset, 400 bad tests are a liability. What does guarantee good outcomes is focusing on "equity". Does writing this test improve my equity position? If the answer is no or if you can't qauntitatively demonstrate the value in terms of opportunity cost then the answer is obvious...don't write the test.

The current state of software quality at the development level closely parallels the plot of Moneyball. Consider this quote...

"Okay, people who run ball clubs, they think in terms of buying players. Your goal shouldn’t be to buy players. Your goal should be to buy wins and in order to buy wins, you need to buy runs. You’re trying to replace Johnny Damon. The Boston Red Sox see Johnny Damon and they see a star who’s worth seven and a half million dollars a year. When I see Johnny Damon, what I see is an imperfect understanding of where runs come from”
― Michael Lewis, Moneyball: The Art of Winning an Unfair Game

Many people try to buy quality with an imperfect understanding of where quality comes from.

taleodoronApr 1, 2020

First and foremost - it's not about you. Millions of people are getting laid off daily now due to the exceptional circumstances.

It's ok to feel down for some time, but it's important to understand the broad picture and not take this personally - regardless of what you were told.

Now, regarding leadership resources, I would recommend to start with the following (in this order):

Moneyball (movie), books: The Goal, The Phoenix Project, The Mythical Man-Month, The Hard Thing About Hard Things, The Culture Code and in-between those - various Simon Sinek videos.

If you read this far, you should be able to continue finding materials on your own from here ;)

Best of luck!

dsr_onJuly 24, 2020

There are a lot of people here reinventing Sabermetrics.

Go on, read Moneyball, and consider that the selection criteria from top-ranked universities may be low-quality indicators of success at actually getting things done.

rmahonAug 8, 2019

Sports isn't an equation

Tell that to Billy Beane, general manager of the Oakland A's, who used statistical analysis and team interaction models (i.e. "equations") to turn propel the team into the top ranks with salary expenses of only 1/3th of the other top teams. The story was described in the book Moneyball and dramatized in the film of the same name.

moateonAug 16, 2018

Have you ever read Moneyball by Michael Lewis? It's about how a baseball team in the early 2000's took a look at market inefficiencies and used it to put together a great team for real cheap. It's like, how is it possible that a multi-billion dollar league was so unable to figure out their hiring process/talent assessment? They have reams of performance data and just needed to apply analysts to it.

Whenever people start talking about the best ways to hire, I generally just start thinking about Moneyball and game theory and how most people are just making shit up with no clue why they're succeeding or failing. Every success story is equal parts "I worked real hard" and "There are far too many variables/luck for me to ever possibly be able to account for them objectively" but everyone like to put a narrative on it and be a hero (or cast someone as a villain).

ArkyBeagleonMar 3, 2016

I would think so. Baseball is only a ... background element in the story, really. Warning: I used to follow baseball closely, so I may need to recuse myself :)

IMO, this is one book of a "trilogy" - the Kahneman book, "Moneyball" and "The Checklist Manifesto" by Atul Gawande. They all came out in roughly the same time and are three different views on this problem.

hnnewguyonFeb 8, 2015

Pretty much everything he writes is a good read. He takes his liberties here and there (especially with Flash boys), but he is an intelligent man with a knack for story-telling. Very easy reading.

So add Moneyball, Liar's Poker, The Big Short (good telling of the 2007 financial crisis), Panic (contrasts before and after news articles around financial crises) and The Blind Side to the list.

(Don't let The Blind Side motion picture scare you off. The book has a lot of on-and-off-the field football strategy that I found interesting.)

SyneRyderonSep 10, 2016

> Between those six and my university's copy of Harris' Trading and Exchanges, I learned quite a bit. I bailed out on the AVR challenges though.

I really enjoyed the Stockfighter levels too, and reading The Big Short / Flash Boys / Moneyball in preparation. The levels had the right level of difficulty & I kept feeling I levelled up (especially when optimizing levels, I'm still proud of my Level 5 score). I didn't enjoy the AVR levels the same way & bailed quickly on those.

I got spooked after someone posted on HN that their Starfighter referral had only bypassed the CV screen of the job interview, not programming or whiteboard challenges. That made me question the time I'd spent on Starfighter - I kept a time log in Harvest along the way, and it's about the same amount of time I'd spend on developing a new product to sell online.

I still enjoyed playing Stockfighter though, and it helped me sharpen my Golang skills.

caseysoftwareonMay 1, 2017

As covered in Moneyball (the book), the "sluggers" tend to swing at more. So although they may hit home runs, they also tend to strike out a lot too.

The actual approach was to get a bunch of people who worked to extend the inning by not getting out.. aka getting on base safely. You don't need many big hits when you can get singles and doubles consistently.

A couple years ago, I met a small scale angel investment group that complained "we haven't had a unicorn" but when we chatted more, I found out 60% of their investments were acquired in under five years with them making ~5x each time.

Not as sexy but sounds like a good strategy to me.

lrm242onAug 3, 2011

Billy Beane was the central character in Michael Lewis' book Moneyball whose central theme was using detailed statistics and out of the box thinking to determine a player's true value, rather than gut feel or standard criteria. I post this because it is a great example of how evolution is required to stay on top. Markets will adapt and your golden edge can disappear right before your very eyes.

mlinksvaonDec 3, 2014

There's a quote in the article from an assistant DA claiming it is a 'moneyball' approach but seems more like a hash of somewhat data-oriented approaches.

It's been a long time since I've read the Moneyball book, and never saw the movie, but it seems to me there are two levels of 'moneyball' approach:

1. Use data to make allocate resources differently than gut instinct/received wisdom (of baseball scouts). This level can be applied very widely. Maybe they (Manhattan DA office) are doing this level to decide who to put resources into prosecuting. But clearly they're not doing it comprehensively, given massive prosecutions for marijuana.

2. Do (1) to make a bet in a competitive environment that goes a different way than most competitors. I don't see this level applying to what the DA is doing at all, though I imagine it could be done in the hiring of law enforcement/prosecution, which seems to be competitive, at least at the executive level. But there's probably a lack of data to make such bets. (I haven't looked, but an idle question I have is whether there's data to support shifting police work to a female-dominated profession; if there is maybe that's a bet that could be made.)

I say this in part because I think there are non-sports fields in which both levels could be very directly translated, eg http://gondwanaland.com/mlog/2012/03/04/altmetrics-moneyball...

qohenonJan 25, 2017

Here's a background article in Vanity Fair [0] about the previous installlments of this Kafka-esque story, by Michael Lewis, who later incorporated it into his book, The Flash Boys, about High-Frequency Trading (you may know Lewis for some of his earlier books, Liar's Poker and/or Moneyball).

I'd quote things from the Vanity Fair piece, but there's so much there worth reading -- highly recommended.

[0] http://www.vanityfair.com/news/2013/09/michael-lewis-goldman...

minouyeonJuly 29, 2010

I love my Kindle and this is awesome news. For all of you on the fence, here's why I recommend everyone buy a Kindle (haven't used a Nook, but I think most of these points apply):

1. You will read more.

2. The reading experience will be better than you think--there was a 1-2 day adjustment period for me. After that, I didn't even notice I wasn't reading paper and ink.

3. You can highlight and make notes in books that are actually usable. Remember post-its, bookmarks, notes in the margins? I loved to mark-up books, but never pulled them out again to reference what I wrote. Now I have all of my highlights in one place. I can even highlight a passage and share it on Twitter or Facebook (if you have 3G, then you can do this while sitting on the beach!)

4. I have all of my books with me via my phone. I just read Moneyball and wanted to share a quote with a friend. I was able to open up the Kindle app and presto, I'm able to share it with them.

5. I am more mobile (I have less stuff). Instead of buying books to collect them, I am buying them to consume them. Others may not have this problem, but I did.

5. Did I mention you will read more?! If you like reading and have ever set a goal to read more, please buy a Kindle. If a friend recommends a book to you during the day, you can download it while sitting in a comfy chair when you get home, and can be reading it seconds later.

Most of the arguments about whether or not to buy a Kindle center on the price. At $140, it is well worth it when you consider the additional amount of reading you will do. You will learn more, you will read more books, it will be worth it!

passer_byeronJan 14, 2020

I can see where you might feel this way. I recommend giving it another try and come at from two considerations. The first is observing their experimental designs. They are very clever and well described. The second is the extent to which these experiments have been replicated with consistent results using populations with a range of socioeconomic and cultural differences.

Given the consistency of these experimental outcomes, may help to explain his authoritative tone. After all, he won a Nobel prize in economics which is completely outside his domain expertise.

If that is not enough to entice you to give it another go, consider the book, The Undoing Project, by Michael Lewis. Lewis, in his highly researched and using detailed anecdotes describes how Kahnemans and Tversky collaboration initially began as a collaboration around understanding the decision making process in circumstances where there is a high degree of uncertainty and acquiring additional information is not feasible. The Khanamen/Tversky collaboration is described as a deep collaboration where neither man claims credit for their respective contributions. Only both minds together could have produced their research findings.

Lewis also describes how many reviewers of his book, Moneyball, expressed the many parallels between Kahnemans/Tversky's research and themes covered in Moneyball. Lewis was not familiar with this research when he wrote Moneyball. It was not until others pointed out these parallels that Lewis decided he should engage with Kahneman to write The Undoing Project.

hoshonJan 23, 2016

In my experience in scaling applications, I've noticed there is a very big difference between measuring actual performance in production and taking a look with an open mind, and making wild-ass guesses.

You don't have enough data on other people around you, or even how they view the world, or feel about the world. It's like taking a wild-ass guess, and being proud of it.

I don't really care much for following sports teams either. I used to turn my nose at it, as if I am somehow a superior person for not giving two shits about who is winning. One day, I read Michael Lewis's Moneyball and flipped through Blindside and realized I had been an idiot. I still might not care about which team is winning, yet there are a lot of hidden depths to sports. How many other things have I missed by not looking with an open mind?

fnazeerionJuly 29, 2008

Some of my favorite books:

- Moneyball. A really engaging story about how game changing startups can turn a centuries-old industry on it's head....er...it's actually about baseball, but the other part is true too.

- Crossing the Chasm. It's a roadmap for introducing a new product. Gives a framework for thinking about the "who" and "why" of a new market.

- Sales Learning Curve by Mark Leslie. It's actually not a book but rather a short paper. Shows how the sales learning curve is similar to the manufacturing learning curve.

- Extraordinary Popular Delusions & the Madness of Crowds. Why do otherwise intelligent individuals form seething masses of idiocy when they engage in collective action? Why do financially sensible people jump lemming-like into hare-brained speculative frenzies--only to jump broker-like out of windows when their fantasies dissolve? We may think that the Great Crash of 1929, junk bonds of the '80s, over-valued high-tech stocks of the '90s and real estate bubble of the past few years are peculiarly aberrations of our time, but Mackay's classic--first published in 1841--shows that the madness and confusion of crowds knows no limits.

- How to Win Friends and Influence People by Dale Carnegie. The title pretty much says it all, huh? Oh, this book was first published in 1931...

- Hiring Smart. It's a book that takes about an hour to read and provides practical tips on how to interview someone (as opposed to the other way around).

- Art of the Start by Guy Kawasaki. Good read with some nice tidbits (particularly on fundraising).

- Patton on Leadership (as in General George S. Patton). It's pretty cool...nothing too touchy-feely.

- Green to Gold: How Smart Companies Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage

ank_the_elderonJan 18, 2016

Not directly related to the article, but in case someone is interested, Salomon Brothers went through some brutal scandals before imploding. See https://en.wikipedia.org/wiki/Salomon_Brothers#1990s_treasur...

Some of this is documented in the book "Liar's Poker" by Michael Lewis, who went on to write "Moneyball" and "The Big Short."

tptacekonNov 25, 2008

You'd take him a little more seriously if he reviewed serious books, instead of having his first widely-acknowledged book review be for fellow gadfly and net-personality Clay Shirkey.

When Michael Lewis, author of Liar's Poker and Moneyball and increasingly famous narrative journalist, reviews the literature on the economic crisis, he digs up, reproduces, and editorializes curated news articles from the 1989 crash; prior to that, he published a 9,382,382,293 page compendium of the fundamental work in economics.

But we pay attention to blog post reviews of blog post books, because... we're fans, I guess? Sorry. I feel compelled to keep questioning why we take this guy so seriously.

FooHentaionJuly 3, 2019

Bit strange to see a piece like this not refer explicitly to Moneyball (2011), or the book by Michael Lewis on which it's based. The film's fantastic, and shows how Oakland Athletics pivoted their player selection process from the talent scout gut-feel approach to a sole focus on statistics, and the dramatic turnaround it brought.

Then again, the piece focuses on the human aspects of removing the mystery behind the game, perhaps it doesn't need to speak to why/how that came about.

fallentimesonOct 13, 2008

Is it really right wing? Why? I've just read multiple articles about how slow Dr's are to adopt it even though, empirically, it is more effective. I figured they rejected it for the same reason people always reject things: "that's the way we've always done it".

Now granted, those articles could have been biased, but I had no idea there was any sort of left wing vs right wing thing going on. Stupid politrix.

The entire movement reminded me of Moneyball by Michael Lewis.

slgonMay 1, 2017

>and not just because Oakland hasn't actually performed that well under the MB regime

That can't be used as any form of argument. The ideas behind Moneyball revolutionized baseball. However the financial challenges that Oakland had in the book are still exactly the same today. The reason for their lack of ultimate success is that they gave away their first mover advantage by allowing that book to be written. Now every other team has adopted the Moneyball mindset and Oakland is back to being a cash strapped team with little competitive advantage. Even considering that, they have still been one of the more successful teams when compared to their financial peers.

tptacekonNov 11, 2008

I have; even the painfully dated "Next: The Future Just Happened"; Lewis is even worth reading when he's writing about Marillion, the UK's answer to Kenny Loggins.

If you're an entrepreneur and you haven't read Moneyball, [insert snark here].

I was disappointed by The Blind Side, his football book, but it was at least well-written and enjoyable.

I even have a huge bound volume of classic econ texts with his commentary in it. I will probably never really finish it, but I'm a huge fan and a completeist, so, he got me.

SideburnsOfDoomonMay 3, 2018

> It's because film is a visual medium,

It happened with books too: See "Liar’s Poker", by Michael Lewis. He says that he wrote it "so that fewer idealistic college kids would dream of working on Wall Street. ... Somehow that message failed to come across ... They'd read my book as a how-to manual."

http://www.gatsby.ucl.ac.uk/~pel/misc/The-End-of-Wall-Street...
https://danwang.co/liars-poker-by-michael-lewis/

Michael Lewis also wrote "Moneyball" and "The Big Short" which were made into films.

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