'Moneyball' manager Billy Beane says Warren Buffett's investing lessons apply to baseball too - and Seth Klarman agrees

Value investing is a philosophy preached by Charlie Munger and WarrenBuffett. Billy Beane says their teachings are relevant in the ballpark.

According to The San Francisco Business Times, Beane said at the Tipalti Illuminate tech conference that "every sentence still works" if you use the word "investment" in it.

Spotting bargains

The use of statistical analysis in baseball was pioneered by Beane. He and his team realized that some of their statistics were overvalued. Older, injured, and unknown players were under valued.

The Oakland A's were able to bring in misfits and recruit unknown players on the cheap thanks to those revelations. Brad Pitt played the baseball executive in the movie adaptation of the book.

The chairman and vice-chairman of the $600 billion conglomerate that includes Geico and See's Candies, as well as stakes in public companies such as Apple and Coca-Cola, are Warren Buffet and Charlie Munger.

A pair of value investors

Both Beane andBuffett have the conviction and contrarian steak required to not conform or cave under pressure.

The two men aren't afraid to back their bets with millions of dollars because they excel at analyzing prospective investments.

In an interview for the Carlyle's new book, "How to Invest: Masters on the Craft," the author said that Moneyball is a value- investing book.

The billionaire investor and Baupost Group CEO said that the principles apply across areas.

According to the man himself, he is the next WarrenBuffett.

RedBall Acquisition Corp., a special-purpose acquisition company co-chaired by Beane, tried and failed to take the Boston Red Sox public in late 2020 and early 2021, according to reports.

Beane is a long time fan and follower ofBuffett. He told Lewis that finding a good investment was the hardest thing to do.

The framework for value investing was established by Benjamin Graham. Bill James is a data whiz and sports historian.

"We're like Warren Buffet and Benjamin Graham," Beane once told Lewis, pointing to a stack of books written by James on the author's lap."

A table tennis champion has been friends with Warren Buffet for a long time. She shows how being an Olympian helps her at work.