The Gluttons’ Pavilion at Dodger Stadium

It’s amazing how often bad ideas become fads in American business. Luckily, in capitalism there’s a Darwinian process at work. Adopters of truly stupid ideas tend to go bankrupt—or at least wake up, smell the red ink, and get better advice. Eventually. Which brings us to Your Los Angeles Dodgers. …

Talking Boston and Memphis Fans Off the Ledge

Last night was the NBA’s annual celebration of the league’s biggest losers – the Draft Lottery. Given that this draft offers two major talents — Greg Oden and Kevin Durant — the “winners” last night were Henry Abbott’s Portland Trail Blazers (one definitely should read Abbott’s discussion of last night) …

Some Nice Things I’ve Missed

Frank Sinatra demonstrated in the early 1970s that retirement was not among his many, many talents. After emphatically announcing his retirement in 1971, he released “Ol’ Blue Eyes is Back” (one of my favorite albums) in 1973. The next year came “Some Nice Things I’ve Missed” (another one of my …

Playing the Ponies, for Fun and Profit

Guest blogger Steve Walters is Professor of Economics at Loyola College in Maryland—a key fringe benefit of which, it turns out, is its proximity to Pimlico Race Track, the site of this year’s epic Preakness. Disgusted by steroidal outfielders, felonious point guards, and sociopathic running backs? Looking for a purer, …

The Value of WoW

Last fall I quoted from the cover story of the October issue of PROFIT magazine [“How Canada’s Top Achievers Attain Peak Performance”]. The author of the article, Kara Kurylllowicz, “asked some of Canada’s brightest lights in business, sports, media and the arts to share the techniques and resources they use …

Rondo for ROY

The choice for best rookie was pretty easy last year. Chris Paul was easily the top rookie in 2006, leading rookies in points scored, NBA Efficiency, and Wins Produced. At the All-Star break it looked like Rookie of the Year would be a pretty easy choice in 2007 as well. …

Speeding Up Time for Bill Simmons

Bill Simmons declares the following in the May 21st issue of ESPN the Magazine: Fifty years from now, some stat geek will crunch numbers from Duncan’s era and come to the conclusion that Kevin Garnett was just as good. And he’ll be wrong. No NBA team that featured a healthy …

Almost Back

Okay, I am almost back to posting on a semi-daily basis. Tomorrow I plan on posting a comment that I have tentatively titled “Speeding Up Time for Bill Simmons.” But today is not tomorrow, so I thought I would quickly update the WOW Journal with one more comment on the …

Baseball’s Arms Race and the Prisoner’s Dilemma

By very popular demand, guest blogger Steve Walters is back.  As noted before, Steve teaches economics at Loyola College in Maryland but remains a fan of his hometown Red Sox, Celtics, Patriots, and Bruins. Today he provides insights into the Clemens deal that you will not find anywhere else. Imagine …