Joe Peta turned his back on his Wall Street trading career to pursue an ingenious--and incredibly risky--dream. He would apply his risk-analysis skills to Major League Baseball, and treat the sport like the S&P 500.
In Trading Bases, Peta takes us on his journey from the ballpark in San Francisco to the trading floors and baseball bars of New York and the sportsbooks of Las Vegas, telling the story of how he created a baseball -hedge fund- with an astounding 41 percent return in his first year. And he explains the unique methods he developed.
Along the way, Peta provides insight into the Wall Street crisis he managed to escape: the fragility of the midnineties investment model; the disgraced former CEO of Lehman Brothers, who recruited Peta; and the high-adrenaline atmosphere where million-dollar sports-betting pools were common.
- Paperback | 369 pages
- 150 x 226 x 24mm | 359.99g
- 04 Mar 2014
- New American Library
- New York, United States
- Tables, black and white
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About Joe Peta
[A] swaggering story from frantic stock trader to professional sports bettor....Even casual baseball fans could learn from it. Serious fans should slurp it up like ballpark beer. Los Angeles Times
He reminds me of Nate Silver he s able to blend different worlds (in this case, baseball and finance) using his intense knowledge of each to give us a very entertaining read. Play-by-Play Announcer for the San Francisco Giants and ESPN National Sportscaster Dave Flemming
Peta created a reliable system for beating Vegas odds throughout the 2011 Major League season but it s clear he loves the game as much as the winnings. Moreover, he asks a number of salient questions, such as: How can businesses on Wall Street and beyond apply thinking used by baseball sabermetricians to strengthen their own organizations? The answers, and how Peta arrived at them, make for great reading. Booklist