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THE INTELLIGENT INVESTORMEETS MONEYBALLIn The Relentless Pursuit of Value
William O. Hall, IIIFounder, Bookworm Sports
A TRIP DOWNTHE ROAD LESS TRAVELED
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Where is the Value?
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Procter & Gamble @ $75 per share
Patriots @ -9 versus the Ravens
The difficulty lies, not in the new ideas but in escaping the old ones.”John Maynard KeynesRenowned British Economist
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Sports Wagering Is NOT Gambling
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Sports Wagering Is NOT A Random Walk
Battle of the BooksWall Street vs. Sports Wagering
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Changing The Game
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The Five Essentials for Profitable Investing and Winning Sports Wagering
1. A Better Model2. Superior Information3. Risk Control Through Selectivity4. Careful Money Management5. Discipline
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1. A Better Model
“If you don’t know where you are going, you’ll wind up somewhere else.”Yogi BerraFormer Baseball Player
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1. A Better Model
Paul DePodestaBaseball ExecutiveKey Member of Billy Beane’s Moneyball BrainTrust 11
1. The Bookworm’s ModelValue Ratings and Score Sheets
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2. Superior Information is simple: Occam’s Razor
“The simpler the solution, the more likely it is to be correct.”William OckhamFranciscan Friar 13
2. Superior InformationThe Legendary Sherlock Holmes
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2. Superior InformationThe Bookworm’s Score Sheet
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“Price is what you pay and value is what you get.”
Warren BuffettLegendary Investor
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Margin of Safety in Investing
The Bookworm’s Margin of Safety
A Relentless PursuitDiogenes Lantern
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Q-and-A
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