The "Moneyball" story has practical implications. If you use better data, you can find better values; there are always market inefficiencies to exploit, and so on. But it has a broader and less practical message: don't be deceived by life's outcomes.
, giving the undergraduate commencement at Princeton on Sunday, adding: "Life's outcomes, while not entirely random, have a huge amount of luck baked into them. Above all, recognize that if you have had success, you have also had luck — and with luck comes obligation. You owe a debt, and not just to your Gods. You owe a debt to the unlucky."
MORE ON LUCK IN SPORTS: "Luck comes in a lot of different varieties. Knowing which kind you're working with matters when you're figuring out whether to pat a coach's back sympathetically, or to stab it and move on solemnly to the next best future for all concerned." (Spencer Hall, SBNation.com)
MORE ON LUCK IN SPORTS: "Luck comes in a lot of different varieties. Knowing which kind you're working with matters when you're figuring out whether to pat a coach's back sympathetically, or to stab it and move on solemnly to the next best future for all concerned." (Spencer Hall, SBNation.com)
