Bill James and Warren Buffett
September 13, 2006
a random thought
I’ve always thought of Bill James as baseball’s Warren Buffett. The similarities between the two are remarkable:
- Both were viewed as outsiders in their field (Buffett in investing, James in baseball).
- Both lived and worked in the Great Plains of America (James in Kansas and Buffett in Nebraska).
- Both brought new, breakthrough ideas of value in their fields.
- Both were extremely good with numbers, but their true genius lay in their new insights and their expressions of them.
- Both wrote annual reports (James’s Abstracts, Buffett’s Annual Reports) that were highly anticipated by their fans and investors.
- Both are known for their brilliant, incisive and sometimes sarcastic analysis.
- They both have somewhat idiosyncratic personalities.
- They are/have been married to a woman named Susie.
- Their heirs won’t inherit a lot of money.
Warren Buffett taught us to value American Express and Geico, Bill James taught us to value Ken Phelps and Tim Raines. Pennants have been won on the ideas of James, billions have been made on the investment strategies of Buffet. And I’m a big fan of both.
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