Price: $35.00
In this paperback edition of Dutton’s hardcover, TRADING BASES unfolds the riveting tale of a Stanford MBA graduate and former Wall Street trader who utilized his investment strategies and risk-assessment skills to outwit the system and make a fortune betting on baseball. This ex-Wall Street trader refined the well-known sabermetrics from Moneyball, ultimately besting Vegas odds with his innovative betting methods. This is the story of Joe Peta’s transformation from fantasy baseball enthusiast to a living his dream.
Leaving behind his Wall Street trading career, Joe Peta chased an audacious – and incredibly risky – dream. His vision was to apply his risk-analysis proficiency to Major League Baseball, viewing the sport as if it were the S&P 500. In Trading Bases, Peta invites us along on his fascinating journey from the baseball parks of San Francisco to the bustling trading floors and baseball-centric bars of New York, to the adrenaline-charged sportsbooks of Las Vegas.
Peta shares the captivating story of how he successfully established a baseball “hedge fund” that boasted an extraordinary 41 percent return in its inaugural year. He also elucidates the unique methods he devised to achieve this remarkable feat. Along the journey, Peta offers an insider’s perspective into the Wall Street crisis he was fortunate enough to sidestep, the fragility of the mid-nineties investment model, the disgraced former CEO of Lehman Brothers who initially recruited him, and the thrilling environment where million-dollar sports-betting pools were a common sight.