‘Moneyball’ strategies similar to some investment approaches

In late September, “Moneyball,” hit the big screen. The movie is based on Michael Lewis’ book, “Moneyball-The Art of Winning an Unfair Game,” about Major League Baseball’s Oakland Athletics and its general manager Billy Beane’s strategy to use statistics to create a winning baseball team on a low budget.

The Athletics competed with the large market teams like the New York Yankees and Boston Red Sox, which on occasion spent more than three times what Oakland spent on its player salaries.

Beane and the Athletics came up with statistical measures to find undervalued players who could produce wins. They used a new…