When Moneyball was released few years ago, it popularized what Michael Lewis had researched and wrote about more than a decade ago with the subtitle, The Art of Winning an Unfair Game. Of course, those who read the book years ago realized what became so overwhelmingly popularized in terms of statistical analysis and the ultimately, the search for value. I think there is a real connection between this principle and the message of Benjamin Graham’s classic, Security Analysis first published in 1934, as well as many other lessons that can be applied to business and organizational leadership.
For me, Moneyball is a film you watch over and over for one reason or another. And there is a lesson I had not heard articulated (at least in this respect) that I found remarkable that took place in one of the final scenes. It speaks to the difficulty that all organizations face when there is the challenge of change taking place, which is pretty much the spirit of our age and for any foreseeable future. In a previous post I addressed the issue that all attempts at organizational innovation lead to: the difficulty of people adapting whether the motivation is fear, protection of turf, perceived livelihood or any other concern whether rational or irrational. I think the dialog is worth the price of admission: