Monday, April 19, 2004
Sox Owner's Success Driven by Numbers
A profile of Red Sox owner John Henry, written by Robert Gavin of the Boston Globe, which bears more than a passing thematic resemblance to the current Business Week cover story. Even more than the other article, this one emphasizes how sharply Henry's emphasis on the decisionmaking process differs from the short-term emphasis on isolated results taken by 99% of the sporting press, 99.9% of sports radio hosts and callers, and his chief rival's principal owner. Henry
"says one of the most important lessons he learned was to recognize how little he really knows.
"His numbers-driven trading model, in fact, is designed to strip ego and emotion from investment decisions and is grounded in another modest, and, for the financial industry, somewhat heretical, assumption: no one can predict the future. And unlike Steinbrenner, who meddles in both front office and field decisions, Henry's management style is to put 'competent, committed, and passionate' people in place, and let them do their jobs."
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A profile of Red Sox owner John Henry, written by Robert Gavin of the Boston Globe, which bears more than a passing thematic resemblance to the current Business Week cover story. Even more than the other article, this one emphasizes how sharply Henry's emphasis on the decisionmaking process differs from the short-term emphasis on isolated results taken by 99% of the sporting press, 99.9% of sports radio hosts and callers, and his chief rival's principal owner. Henry
"says one of the most important lessons he learned was to recognize how little he really knows.
"His numbers-driven trading model, in fact, is designed to strip ego and emotion from investment decisions and is grounded in another modest, and, for the financial industry, somewhat heretical, assumption: no one can predict the future. And unlike Steinbrenner, who meddles in both front office and field decisions, Henry's management style is to put 'competent, committed, and passionate' people in place, and let them do their jobs."
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