#272: How To Drill Down On The Numbers To Get That Extra 2%
sweq 272 audio
Tue, 9/29 · 9:26 PM35:30
SUMMARY KEYWORDS
people number won drafted baseball moneyball big fucking book business shit talking rays day manager fun pitchers extra good sabermetrics
0:02
Whoo.
Law Smith
0:06
Yeah. Eric Readinger How you doing? Yeah. I think I'm on a streak of like four times. Yeah. Thank you.
0:20
Realize people probably don't know your name. I know.
Law Smith
0:24
I know. reading her reading her book read the ginger sweat equity podcast and streaming show pragmatic entrepreneurial advice. With 1,000% more dick jokes than your average business podcast.
0:39
We had to do 1000
Law Smith
0:40
Yeah, no way. That's Erica's have already told you guys I'm lost Smith. Hashtag girthy ROI hashtag six, nine b2b hashtag sweat equity. little fun fact did you know you know when you get a bunch of phone calls you don't know who called you? You want to know the site to look up to us. Okay, white pages is good. Okay. spokeo is good. But the best one I know about is fast. People search calm, not a sponsor. Fast people search calm. Okay. If you ever want to look it up, I'm trying to give them a little added value at the top of the show.
2
Speaker 2
1:13
All right. No, it's good. I'm gonna I got a bunch of them. Look up. Yeah, retroactively.
Law Smith
1:18
I always do it. If I don't know the number. I'm always looking it up. I'm
1:20
always googling it. And then I'll show you a crazy one I got later.
Law Smith
1:24
Okay, we'll do it later. This episode. headline sponsor is brought to you by grasshopper, try grasshopper.com Ford slash sweat $75 off an annual plan for your business phone line. You need that extra phone line for that side hustle for your business. You don't need to get a second cell phone. A lot of people do that. You can compartmentalize your life with another business phone line app. I use it. And I like using it on my laptop too. That's huge. Try grasshopper.com forward slash sweat gets you $75 off an annual plan. 75 bucks off an annual plan. Adding a second line through Verizon or at&t or sprint. It's way more expensive. Make it the first step
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Law Smith
2:07
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Law Smith
2:41
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Law Smith
3:55
We're recording this. Wow. You had a drink? Did you just slam a whole drink or the joking around? Oh man. Just Oh girl. Well, we're kind of in party mode, Stanley Cup, the razor in the playoffs. This one we recorded this at a Tampa we try to make it a little bit more naturally kind of title time we
2
Speaker 2
4:13
call it titled town. Yeah, just you know, I went forward.
Law Smith
4:16
I almost said that to someone. I was like, I could never get away. We've had all our sports teams sucked so bad for so long. Oh, yeah. How many renewables do we wind? It's on the signs when you enter the city limits? Not anymore. They're still there.
2
Speaker 2
4:30
The Tampa Bay stormed away. They had city of champions. Yeah, yeah. Yeah. Everybody's got the lightning. And then they threw nine arenabowl championships
Law Smith
4:39
in there. I always look at that thing. We brought it up on the show a long time ago. Sports Illustrated has a thing of like neighborhoods that had the most badass athletes come out of it. And it was like Compton, the Bronx, and then my West Tampa. Yeah. And that was it. Yeah. 25 years ago. Sheffield. Yeah. Who else Don garlits Yeah, you don't even know about that one. race car
4:58
guy. Didn't know.
Law Smith
5:00
Yeah, big, big daddy. And then you got Tino Martinez and of course Fred McGriff. Doc Gooden sure dear strawberry all kind of like in the same neighborhood is
5:13
good baseball town.
Law Smith
5:14
Yeah, yeah a lot of good baseball players who are the the guys who got you know addicted to drugs on the mats you know we had
5:22
stories to write. But yeah good story
Law Smith
5:25
yeah Luke panello was a Jesuit guy went to my high school
2
Speaker 2
5:28
yeah at one point we had panella we had Gruden and
5:32
Tortorella.
Law Smith
5:33
Yeah group
5:36
sports.
Law Smith
5:36
Oh yeah, this coaches of the three players. We've net but like, we've never had all our teams do well at the same and this is weird because it's all at the same time. Yeah, well, we're never gonna have late never net. We can't say never. But we we've never really had an error in the modern call it modern sports era when as to I'd say televised, won't be the modern sports era. You know, when it got to a lot of people. I mean, 2002
2
Speaker 2
6:00
the Bucs won the Super Bowl. And then the next year the lightning won the Stanley Cup. That's pretty good time.
Law Smith
6:06
Those are four. They won the Stanley Cup those three so 2002 season NFL folks that you know they do 2000. But they actually won the award. Oh, three
6:17
pretty close together.
Law Smith
6:18
Right. But then the rays weren't that good. They're the Devil Rays, maybe still. And so at that point, it's just interesting. Like, when a city, you know, is doing well on all fronts. We've never really had that.
6:32
three games into the NFL season two, but
Law Smith
6:34
we're all right. Sure. But we're talking about good start. Yeah, two and one, whatever, as as we're recording this. It's just it's just fun that all three of those franchises were doormats for a while until they weren't so fun time. Yeah. And the ray story in one of the best business books, if you ever want to read it, everybody talks about Moneyball, the one of the best business kind of management books that uses baseball as a big metaphor. So Moneyball is great. It talks about analytics talks about sabermetrics how how you can find out how you can use data to find these like, you know, basically like cheat codes to find like developing players like they talk about Kevin Youkilis in the book in Moneyball, where he's the king of walks and walks are way more they talked about, like average, we used to be the thing that everybody used.
7:27
If you're not as good as a walk,
Law Smith
7:28
if you're not a baseball fan, too, you can kind of Michael Lewis makes it very, very palatable for anybody that doesn't like that.
7:37
Did you say the name of the book, the extra 2%?
Law Smith
7:39
The extra 2%? Yeah.
7:40
Now, I didn't know if he said he
Law Smith
7:42
was trying to set the table because it's like that, it basically goes like Moneyball, is good. But you should do that. And you should do the non math side with management. Yeah. And it uses the rays going, their whole thing for their business is to get 2%, the extra 2% advantage if they can do 100, like little things for that organization, because it's a big, it's a big company, if you really look at it like that. They've got three minor league teams, two, or four, maybe, maybe more than that. Yeah. Because there's a bunch of like single a teams, they have independent
8:14
leagues. Right.
Law Smith
8:16
So you're always developed the basically developing their employees all the time.
2
Speaker 2
8:20
Yeah. Well, it's like baseball's the one sport that you can kind of go to the numbers, and they, they tend to regress to the mean, because you play 162 games, but that's why it's so crazy this year, where you got guys that are, you know, MVP, a Christian yelich was awesome. And this year, he sucked.
Law Smith
8:39
Yeah. Anyway, Josh Bell ruined my fantasy,
2
Speaker 2
8:41
right, like, and it's like, they play another hundred games. I couldn't drop. And he's like, Oh, really?
Law Smith
8:47
Well, it's just like, No, no, they let you drop. I couldn't drop them. Because I'm like, you know, that's an interesting thing that you do with the bias in your head. I should have dropped him and I know it should have.
8:58
Yeah, but you don't matter.
Law Smith
8:59
This guy's really good.
9:00
Yeah, I won the championship.
Law Smith
9:07
Who cares? Less? All right. Out of what do you tell people my championship? Is someone else outside of your league? Or a woman telling you about her new haircut? Right. But which one's the which ones do people least care about? Both, then? That's a pretty good hypothetical, I
2
Speaker 2
9:27
think. Yeah, I don't I recognize when I said it, nobody cares. But at the same time, I care. I want what five or six in a row started. Oh, and three.
Law Smith
9:38
What are you what are you gold?
2
Speaker 2
9:40
diabeetus Bro, I don't even see you. Yes, you did. I'm diamond level status. For
1
Speaker 1
9:45
fantasy. Yes. What does that get you gets me Yahoo. Yahoo gives you a score.
Law Smith
9:52
Across all the fantasy things you do?
2
Speaker 2
9:53
Yeah. No, no, it says for each sport. Okay. I'm pro baseball diamond. Oh, baby.
10:01
99 percentile. That's what that means.
10:03
So what does that do? Nothing.
10:05
Just a little thing.
2
Speaker 2
10:08
I get to say that I'm better than you at fantasy baseball according to stats, and numbers in real life things. There's no real argument about it. You can look at the numbers and say Eric's at the top, and there's everybody else way down.
Law Smith
10:21
You did create the league where it was way more batting heavy stat wise than it was.
10:26
Oh, yeah. Well, then why is when it just why don't you just win it then
Law Smith
10:29
you realize it's too late. Oh, yeah. I got swindled. Oh,
10:32
yeah. How many is your second year? I don't change anything.
Law Smith
10:36
I was COVID. Man. All
10:37
right. Now it's COVID fault.
Law Smith
10:39
Yeah, for sure. Whatever is not my fault. Right. Right. Right. So why play fantasy sports too? I think it's, I think it's a lot of people go it's a big waste of time. I think it's in an age where like, you know, we don't do a lot of crossword puzzles, like our generation a little bit older, doesn't do a lot of those kind of like brain exercises. I think fantasy is good. If you treat it as something like that. Yeah, for sure. Definitely baseball,
2
Speaker 2
11:08
but it goes back to the number thing where you can kind of like they have, you know, the sabermetrics stats, you can really dig in deep football. It's like,
Law Smith
11:17
football guy sample size. Yeah.
2
Speaker 2
11:18
Well, they trip and fall, you know, things happen in football, Wimmer. And there's, you know, so many fewer games and plays and whatnot. But
Law Smith
11:25
so but you look at it, like sample sizes, everything in data, and we see it research a lot of the times where the site, here's a new scientific research report that came out, it's like, they only tested five people of brightness and who cares? Yeah, right. So you need, there's a book called I met this author, it's called the wisdom of crowds. When I worked at a mutual fund company, he's like, basically, he tells a story. When I saw him in person, he tells a story about there's a big jar of jelly beans out in this true story or something like this. Originally, yeah. A picture. Yeah. Ronald Reagan, like noted when he saw what so big, big jar jelly beans at like the town square,
12:07
did you come in?
Law Smith
12:09
And you won, like, a bunch of money? If you could guess what, how many jelly beans are in there. Okay. Right. And so, everybody, some more people, the more people that kind of added in there, their count what they thought, the closer it got to the number, right? And then interesting. Yeah.
2
Speaker 2
12:27
Yeah, that's really interesting. But I mean, today, no one hit it. But no one hit it did it? How many people? Did they get to guess
Law Smith
12:34
they had more than 1000? Okay, was
2
Speaker 2
12:36
it isn't there like a number that you can reach when you take these polls and stuff that it like kind of isn't like 1500 people once you take a sample size of 1500 people across a population? It doesn't matter anymore? Like or something like that. Right?
Law Smith
12:49
I've never heard that.
2
Speaker 2
12:50
I've heard. Remember, it was from statistics class. I think it did. Very good.
Law Smith
12:57
Well, I mean, you always have like a margin of error, too. That's something you always have to look at in any kind of like, poll. polls are different, though. polls are like a lot of opinion piece. Right?
13:06
Yeah, it'd be it was polling was what it was.
Law Smith
13:09
Yeah. And polls are kind of garbage. But we use them a lot. Like Family Feud. That is basically all that right. Yeah. We we pulled up what kind of fucking nerd sat through a guy asking all these questions for Family Feud. Yeah, well, it's not that many is it? It always sounds like they stopped people on the streets like him, but they're like, we pulled some people off the street. And you're like, what? I know who stopped in the middle of the street. Just go Yeah, I got some time.
2
Speaker 2
13:35
It's probably the same guy just randomly filling out the numbers, right. There's no proof of this.
Law Smith
13:40
So that's my family feuds. frustrating sometimes if you're like,
2
Speaker 2
13:43
it's so frustrating. Family Feud, do you? So yeah,
Law Smith
13:49
I thought it's because you don't like Steve Harvey. You're really you're a rich guy.
2
Speaker 2
13:55
You're now Borland guy up bring back out Borland. Who's the guy that made out with all the girls
Law Smith
14:00
Sessoms. Remember,
14:03
those were the days I know the Family Guy cut.
2
Speaker 2
14:04
So cringy I can't You can't even watch and be like, oh, Cal funny. It's like, No, God. There's no fun to it anymore.
Law Smith
14:13
She's just like, licking their hand. It's
14:15
so it's so bad. It's so bad. He got laid
Law Smith
14:18
all the time.
14:20
Go back and look at that guy.
Law Smith
14:21
This kind of confidence, guys. It's like, I was talking to someone the other day about another friend of ours. And it's like, you know, the guys that like jack that are like, always five, seven. Like, like, you know, like, I mean, the guys are five, seven. They always look kind of like if they work out a little bit. They'll get jacked. It's like the Tom Cruise thing. Okay. Yeah, they don't have like, if you're taller than five, seven, for whatever reason, and you try to work out it's like, way harder.
2
Speaker 2
14:46
But like, that's like a mechanical thing. You know? Like, physically, your arms are longer you have to, you know, right wait further, you can get your muscles bigger. You don't have to push them as far
Law Smith
14:55
yeah, so I like all these actors, like look yoked and they're all tiny. Or
14:58
Yeah, you know. I mean, sense, I guess.
Law Smith
15:01
Anyway, we're not doctors just to go back just to in the loop on the baseball stuff. I think we're statistics and we get your brain to think about statistics, which is good. In an age where, man, we're really fucking with math here and it's fucking crazy. It blows my mind, like what we're trying to do with like, oh, the numbers are this Oh, no, they're No, they're this. And it's like, that is what I'm in terms of any news story. We're doing this. We're recording this as the debates about to happen. Yeah. And it's like prep. 21 minutes. I don't even have to, we don't have to watch it. I know, there's gonna be discrepancies in like what a number is. Right, right. And that's the beauty of math. It just is.
2
Speaker 2
15:43
Yeah, a lot of the time used to be that back, you know, a couple years ago, those were that was the idea. But
Law Smith
15:48
it now every article is like, I wish, I wish I was smart enough to program an app that, like would hover over, you could get an extension on Chrome. And it would hover over any article is like the kid that did the one, the one extension on Chrome that if you read a news article, and it had a politician name, it would show who funds them? Have you ever seen that? No. But that's cool. Isn't that awesome? because everything's about money. Follow the money, you'll find incentives, all that shit. And so like, I wish I could develop one that would show three legitimate sources. You know, it just hovers over there like Wikipedia, you footnote stuff. Yeah, I'll actually look at the footnotes to make sure it's legit. You know, cuz, all right. I think on my dad's Wikipedia, it says he has three daughters. So pretty accurate. Cuz? Cuz our friend john Jacobs changed it. And he's not famous enough to for anybody who cares, right? Look, I thought it was really funny. I know. It's funny. I still think it's funny. I still think it's there. It's been there for five, seven years. Good. Maybe you did it? I don't know. Did you do it? What call in if you did. And so it's that thing with statistics. I think it's just weird that we just debate these things. And there's also that thing of like, I was just coming from a meeting and talking about, like, email marketing, if we make it too hard for them to do the call to action, like, for restaurant, and I was like, if we make it too hard for if we add an extra step that superflous right, then we're gonna everybody's got add, this is a lifestyle brand, like they could kind of take or leave it. So it takes a half second more to like, you know what someone's like, get this app and you're like, I don't know. Yeah, it takes just that much longer to do one step. And I feel like with numbers and research, in addition, information, misinformation age, if you're watching the debates, suddenly the debates, they're debating a number or research number, or statistic, right. Like, going to do that extra step is just like a pain in the ass. That's why we read headlines. Yeah.
2
Speaker 2
17:59
I mean, if you really want to get into it, you know, yes. Most of the time, people when they're talking politics, they want to win. They want to convince you of their side, you know, but most of time people don't have any sort of actual factual evidence to back it up. So it's always Yeah, it's like a Chico. If you want to when you want to convince somebody, look some shit up, look up some actual facts, rather than just whatever you're feeling at that moment. That's, that's what drives me crazy is just your logic and the repeating of things that you don't know or true with no, you know, references behind it. Then we give up.
Law Smith
18:41
what's what's one of those conversations you've had recently? Like? I mean, there was one that was over here. I refresh my memory. I don't your longest friends. Yeah. Does he fight have? Right? It's all emotional.
2
Speaker 2
18:54
Right? You're right. Yeah. Yeah, no, it goes deep. It goes deep, quick, too, because so much of the politics is not just like who you are. It's like your parents play a big part into white the way you think about how the world should work, you know, and that's basically what politics is people run and shit. They're gonna, you know, Institute these rules and whatnot. And it's like, people think they're betraying their parents if they think differently, or if they think a certain way, you know, it's it's so the psychology of it is insane. Right?
Law Smith
19:27
Yeah. What's the there's like an old adage of like, you're a democrat when you're younger, Republican when you're older kind of thing? Yeah. Yeah,
2
Speaker 2
19:36
I mean, I think that idea is just that, like, when you're younger, you know, it's more like, helped me, like, get older. Help yourself.
Law Smith
19:45
Well, it's also like, you have a lot more open free time.
19:51
Right. Look at it. Yeah.
Law Smith
19:52
Like, so you have time to kind of invest in a lot of social issues. Yeah.
19:56
Right.
Law Smith
19:58
Don't worry about a lot of stuff. Other than yourself? Yeah. So you put that energy into others, which is good. Most people will. It's like when they talk about like, you know, if you lower taxes, more people will give a lot to charity like at the high end. So like, it's like if you think people just gonna save and keep it in like, a lot of people like one percenters or whatever, but we have a tax setup where you get tax breaks, if you do that, but it's like, counterintuitive to what you think, right? you lower the taxes you go, these fat cats are just gonna save it. They're not going to spend it. Yeah, you know, I mean, but the like, Freakonomics part of it is like, they actually give more. And yeah, that's, that goes to middle class too.
2
Speaker 2
20:46
And, I mean, and I don't know, the actual facts off the top of my head, but just universal basic income, you know, something they try, I've tried a bunch of places. And then up until a few days ago, I was like, I thought that they kind of decided that it works, you know, pretty good. People still work and they, you know, pump money into the economy, and I heard something else from somebody and like, like I said, I don't know the the right things and look it up. But it's like, God, I don't know. Did it work? I don't know. I don't have my thing pulled up. But yeah, not up. But it's like, dude, I don't know what's real. at all anymore.
Law Smith
21:19
I've been saying not having tattoos. The new tattoo. It's like being sleeved up. Right. Like, you don't have any tattoos. I don't have any either. That's really unusual for like our age. Yeah.
2
Speaker 2
21:28
Like none of my friends. Like, a lot of aliens on tattoos. Yeah. Oh, weird.
Law Smith
21:33
Everybody has like one at least. Right? Right. Like back in the day, you don't? Like, I get reminded this, it was unusual to have a tattoo back in the day, you were kind of a badass if you had 170 or something like, yeah, if you had an anchor on your arm, you're you know, obviously, the semen,
21:51
your semen. Mm hmm.
Law Smith
21:52
But like you come in, you know, now everybody's got it. So I kind of feel that way about, like saying you don't know, or don't have an opinion is kind of the new, hardline opinion. Yeah, because everybody's a social media is given that voice to a lot of people. Right? Yeah. And a lot of people don't understand it's not really your reach isn't really getting out there that? That's right.
2
Speaker 2
22:14
Yeah. Well, I mean, I can't say that not having an opinion, is a hardline opinion.
Law Smith
22:18
Not having an opinion on something? Because you don't know enough? I should say I was trying to kind of is like 50 shades. I know, it's it's the going I don't know, I don't have an opinion on this subject. Because I just don't know enough about it. It's right. It's the part of the LSAT, where they add the answer E. And it's like insufficient data to make a answer. You never, you don't remember that. They give you like ABCD. At some point. I think it's in the like the math section, and they'll go like, then there's another section, we'll go like it'll add the E and we'll go, maybe this is the AC t I can't remember. But it'll add that extra choice of like, not enough insufficient data to make a decision or something like that.
2
Speaker 2
23:02
Okay. I can't believe you remember the CTS. ac T's so weird. I that's, that's what sucks about being
Law Smith
23:09
a student. I was like a C plus student, but I would retain a lot of shit. Whereas, like, a lot of A plus students would just move on, right? I know, like a quarterback in the NFL. They just fucking like forget. They got burned his best baby. Yeah, I know. Like, I can retain like, a lot of shit that I didn't get the grade for.
23:31
Right. But it was interesting too,
Law Smith
23:32
because maybe later I might look it up and be like, Oh, why did I get that wrong? Yeah, or whatever. I had that with a lot of tests and stuff. I don't know what that is. I don't know what that's called but maybe unprepared and then feeling guilty. I got a C plus but
23:48
retroactive learning.
Law Smith
23:50
Yeah, it used to drive me nuts because that'd be like you guys remember that test? We took like no, like, Oh, fuck. Move on. dork. Speaking of moving on, I'm just saying like, from my from my education, but it is that thing of Oh, no. Here it goes. My brain. Stroke live on Facebook.
24:17
No, good. What is that? What is that? freaking guys ain't no good.
2
Speaker 2
24:22
From that video, I should do the gate that wouldn't close.
24:27
We think about that gate.
Law Smith
24:31
Fun. Uh, let's go into a little bit more nerdy digital stuff. Oh, good. Do you like it? What? No. Well, I mean, that's you got more about this. Get the razor. We talk at the race book, the extra 2%. It's about how the raise did more than the athletics with less. They have lower salaries. It was like the A's had like 29th in the race had 30th is out. Yeah,
2
Speaker 2
24:59
that's it. meant in their movie would have been better. Evan Longoria hit and I get one good game 162 he hit a home run to win it. Yeah. It's
25:09
like the it was written for him.
Law Smith
25:11
Yeah. Jonah Kerry, who used to be a ESPN writer, he wrote it. Yeah, really good. That didn't put any marketing behind it. And it's like, it's easy to read like Michael Lewis book. And it's really about like, they talked about, like developing pitchers. And I really look at that, like, how do you develop an employee? Like, chick fil a is awesome, because how did they get the most out of fast food workers? Is there still fast food workers at the end of the day, right? Well, they they look for a certain personality type. Right? Oh, nice. Not anything else. But really like, can they speak with other people?
25:48
Right,
Law Smith
25:48
right. Well, how did they create this fun on words hard to work there too, as a fast food worker?
25:54
Like, it's not like hard to get a job there?
Law Smith
25:56
Yeah, yeah. And what they do is they develop a track for you from day one, and they really go by it and dangle that carrot,
26:03
right? of success, like giving up the ladder.
Law Smith
26:07
And they know a lot of their employees, they know, just by the numbers, they know, their input, a lot of them are just getting a job, part time or full time, but their students, you know, a lot, a lot of that kind of stuff. But there is a trajectory, if you want to follow that path, right? So how do you get how do you get the best out of really what you would call low skill or entry level workers like they do now? You can tell me it's good management? Well, they have, they have that track, they have a path, they gave a shit enough about their employees for this, this and this on benefits, but also like, Hey, you know, we know this is an entry level job. And it's not the best. You know, they're
26:47
trying to relate it to developing pitchers.
Law Smith
26:49
So pitchers when they talk about the book, you have it still I think goes on in the major leagues a lot. You have you go from single a double a triple A majors a lot of the time you get drafted in sometimes the like, top players, they might just go triple A Bryce Harper when he was drafted.
2
Speaker 2
27:09
Yeah, there's no set of rules that says you have to go whatever direction whatever progression.
Law Smith
27:13
Yeah, so a lot of guys, they can they can hover in the minors a lot of the time, but there's four different managers along the way. Yeah. till they get to the pros. And then they have a fifth, right sometimes. And so what they looked at was like, Alright, Moneyball is good. Statistics are good. We're gonna use that too. But we're also gonna focus on management, because it's gonna save us a lot of money in the long run. Yeah, it doesn't feel that way. Because it's going to be indirect. Right?
2
Speaker 2
27:39
Yeah. Because I, but seems so obvious now. Like, yeah, they should all be coated in the same thing.
Law Smith
27:45
I guaranteed a lot of half of the teams are doing it, right. Without looking are guaranteed. Like I bet half of the teams just do it old school,
2
Speaker 2
27:52
right? That is baseball's weird like that they get it's every, every manager used to be a player. So they all have a little bit of an ego, and they're all gonna want to put their stank on it.
Law Smith
28:02
And Moneyball, shits on, like all the the managers and scouts. And an extra 2% kind of goes back on that and says, Well, don't throw away that experience, and that they have the knowledge and the wisdom, they have just you need to funnel in a better way. Right? Essentially, those are recruiters Yeah, just like job recruiters, right? They need to be able to filter out in a different way that undoes their biases. Yeah.
28:29
So noting that talent,
Law Smith
28:30
well, they would be like this guy, they like a purebred athlete, like a horse. Like they talked about him like this fucking badass athlete. But for whatever reason, couldn't put together a field kind of thing. Yeah. Or they couldn't be coached was a lot of it.
2
Speaker 2
28:44
Yeah. I mean, baseball, you know, that's the thing. It's like such a it's such variable in terms of overseas in like, you know, minute to minute, that's just like, very much the individual at that moment, you know, it's so hard to break it down, but usually works itself out.
Law Smith
29:02
Yeah, numbers? Well, I have to use a lot of sports metaphors in my head to like, get through a lot of business ideas or strategies or whatever. And that kind of helped me on a management one, because we're talking about a lot. Management feels like everybody knows how to do it.
29:19
I disagree. But
Law Smith
29:21
I feel like a lot of people are put in that position, and they never really work on it.
29:25
Yeah.
Law Smith
29:26
Right. So I mean, you just you ascended from a specialist to that level, whatever, you know, a manager of something, because you were a good specialist. But a lot of them don't know how to communicate and manage people. Yeah. Obviously, you're doing something, right. So I'm saying like, yeah, just because you're awesome at that skill and the job you're doing, and now you're the manager of people. Now you have to figure out I think a lot of people never look at like, the other part of managing people other than teaching them the skill. How to do it. Well, yeah. So extra 2% talks about like, that bring up like Scott Kazmir we drafted him. The rays drafted him I should say. He's a fireball pitcher. Fucking they know he's got badass arm they know you can throw heat. He was throwing gas when we got him to a part of their strategy is we're gonna get pitchers and they're gonna be her for years and we're gonna fucking were out there.
30:18
Yes. Yeah.
30:20
We trade them away, right?
Law Smith
30:21
We trade them away and
2
Speaker 2
30:22
because we had a really they've won every trade I know last 10 years. And that's like Archer. Just good you just go back
1
Speaker 1
30:30
every day used to have his trade away Get rid of the price. Yeah. Jamie shields Ray Davis. James Jones. Yeah.
30:39
Yeah, it's it's great.
Law Smith
30:40
And then they bring in those those weirdo guys like Chad Bradford, I think it was his name. Who's a submarine pitcher where they his knuckles almost hit the ground
2
Speaker 2
30:48
with pitches who's also pitched for the A's? Yeah, I think the pitch for both teams. Oh, yeah, maybe I might be confused. I think he played for both. The reason is
Law Smith
30:57
we're not okay. Yeah. So like, one of those like, gimmicky guys. Right? He still was good, but like it mess people up.
2
Speaker 2
31:06
Yeah, no, they wanted guys that could face a unique situation. Right, and like mess with the guy and his charity to get it yet. And he's cheap. He's really cheap.
Law Smith
31:15
And so we're gonna get him for a couple years kind of thing. So it's one of those things where they had a plan internally, that maybe was not expressed to the pitchers. Right. But they go Alright, cashmere we drafted you, you're gonna you're gonna hone that fastball in single a and then double A, we're gonna work on your curve. Triple A, you're gonna work on a changeup, you know, when you get to whatever, right, they had, like a plan set out, specifically for him because they invested a lot of money. Yeah. And employees should you should have that for your employees if you're investing time into them? Because it's, it's hard to find someone to replace a lot of the time. If you don't have a playbook ready.
31:58
Yeah, it is making the commitment, right. Make the commitment.
Law Smith
32:01
Do it. So they call it radio noise. What happens? That whole thing where you go up the ladder, and you have different managers that aren't under the same philosophy? Yeah, right. They have their own way of putting stank on it because they're trying to get their career as a manager, GM, you know, to say they want to win the PCL and get to the majors, bro. That's their style. Right there. They're going alright, I'm gonna win with my style. It might be different than the guy that's in double A but it's a bet it doesn't work. A lot of the time. Yeah.
2
Speaker 2
32:30
Keep kappler how'd that work out? the Phillies.
Law Smith
32:36
were dropping some bad names. We're gonna get like so played for the race. A lot of baseball nerds in the otter.ai. Yeah. Transcription of this. We have maybe maybe we get Jonah carry on. I feel like that's a good. That's
32:47
possible. Yeah, that's probably doable.
Law Smith
32:49
Yeah, talk about it. But they talked about it with their management too. wasn't all just player stuff. they would they would apply a lot of this stuff with their front office. Yeah. You know, bringing up a guy, a younger guy from Wall Street. Because I think the subtitle of that book is how, how to use Wall Street strategies. This is numbers number crunching, and they were just looking at a lot of shit. Like how we're going to use this tactic for front office guys to the Steinberg Sternberg Sternberg was a wall street guy. But he was like, I'm gonna bring up this kind of guy, this prodigy guy, almost like Moneyball, Jonah Carey guy in that movie. But I want to focus on managing. Yeah. And he was a wall street like, numbers guy.
2
Speaker 2
33:35
Yeah, you know before and so. But I don't think you do with any other sport the way they've done. It's my
Law Smith
33:40
no sample size. I think it's really tough. Yeah, the draft is so interesting to me. The NFL draft is so interesting to me because it's an overvalued undervalued game. And that's why I nerd out about it because it's so interesting to watch. Like, who's gonna fuck up? Right? perceived fuckup because no one wins or loses the NFL Draft, but it feels that way.
34:01
Uh huh.
Law Smith
34:02
And then it's fun to see the what what that was later. Yeah, the Bucs drafted a kicker last year. Two drafts ago that is not on the team now.
2
Speaker 2
34:11
Right. Every time he kicked, he looked up like he had never seen a field field goal post in his life. Like what? What am I doing on this field? The
Law Smith
34:22
guys pick up all time for sure. Ah, God, that guy. His name was Matt gay.
34:26
No real
Law Smith
34:28
Aguayo? I'm talking about gay we drafted to
34:31
draft that guy that we
Law Smith
34:32
Yeah, fit like fifth round of wire was a second round. He was a
34:35
first rounder first. Yes.
Law Smith
34:37
Yeah. Dude, I bought that in my memory like
34:40
that way he was he Missy gold.
Law Smith
34:44
And he was the number one like kicker of all time in college.
34:47
Oh, yeah. Obviously.
Law Smith
34:48
Yeah. Amazing. acknowledge that balls they play with just like business just like kickers or golf the games between your ears. And so if you don't focus on that stuff, You can't fucking execute. And that is my juris bear moment. Okay.
35:06
All right. See you guys later. What
35:08
about my sweater
