Moneyball

This is a great book! The only downside was some locker room and back office quotations that were uncensored- but it was a fascinating look at how some clubs have exposed arbitrage opportunities in baseball created by old baseball knowledge. Strategies and players may be over and under valued because the decision makers in baseball are athletes and not statisticians or analysts for the most part. Thus old ideas have been assumed correct and not been exposed to thorough analysis.

It explores the Oakland A's management techniques and how they have done a lot with a little money by taking advantage of buying assets (players) cheap, in using their talents they show how they are good ball players and then sell them at a profit or lose them to free agency and start over again.