Books | Sports

May 2, 2011

Wall Street on the Diamond

Jonah Keri looks at the Rays' remarkable run and the financial minds who made it happen.

Michael Gluckstadt

Baseball front offices and Wall Street have been making eyes at each other for some time. But the latest round of flirting and will-they-or-won't-they might be traced back to finance writer Michael Lewis's look at the Oakland A's, Moneyball, which got passed around among scouts and day traders alike. The two crazy kids finally hooked up when former Goldman Sachs colleagues Stuart Sternberg and Matthew Silverman assumed control of the Tampa Bay Devil Rays in 2005, and later installed Bear Stearns alum Andrew Freidman as general manager. Two years of risk assessment, value acquisition, and arbitrage-spotting later, and the happy couple were on full display in baseball's chapel, the World Series.

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Article by Michael Gluckstadt

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