"Moneyball" and the Oakland A’s: How Has It Been so Misunderstood?

The Oakland A’s were embarking upon their fourth straight postseason appearance in 2003 when Michael Lewis’ Moneyball exalted their general manager, Billy Beane, and the revolutionary idea of applying research and analysis to a game traditionally conceived as a business of intangibles and observation.  

Beane was hailed as a genius and a revolutionary, building baseball teams that outperformed other clubs despite maintaining a fraction of their payroll. 

Beane also developed his share of critics—from baseball fans who think you must spend the most money on the best players to win championships, to trad...

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