David Price Newsbeat
Thursday, January 08, 2015
Are the Cardinals really involved in all of this?
Thursday, August 28, 2014
Numbers are the easy part, so let’s start with some numbers. David Price got thrashed by the Yankees, ending with twice as many hits allowed as outs recorded. He was charged with eight runs, all of them scoring in the top of the third, which Price began, but which Price was removed from without getting an out. That third inning saw Price allow nine consecutive hits, the first time that’s happened to a pitcher since 1989. The all-time record for consecutive hits in an inning by a team is 11, and that was in Colorado. Never before had Price allowed nine hits in an inning. Never before had he allowed eight hits in an inning. Never before had he allowed seven hits in an inning. Never before had he allowed six hits in an inning. In Price’s previous game, he one-hit the Rays.
Price on Wednesday got one swinging strike. His previous season low was six. In his regular-season career before Wednesday, he’d allowed at least nine hits just 20 times. He’d allowed at least eight runs just four times. Price set a new career Game Score low, of 2. In Price’s own words: “That was probably the worst game I’ve ever had in my life.” It was an awful game, but really, it was an awful inning. And, technically, it was an awful fraction of an inning. David Price is one of the best known pitchers in the universe.
Monday, August 04, 2014
Mike Francesa hasn’t heard of Warren Buffett either.
The perception that the Rays received a paltry haul is based on the precedent set by the 2012 deal in which they acquired Wil Myers, Jake Odorizzi, Mike Montgomery and Patrick Leonard from the Royals. We are now two years down the road, and prospects are overvalued by the industry.
My grandfather remembers when he could buy a bottle of Pepsi for a nickel. He’s still pissed off about the price hike. Regardless of how he feels about it, when he walks into a 7-Eleven, he will leave thirsty if he’s not willing to pony up a buck fifty. When he does crack, everyone his age points and yells “How could you spend six quarters on soda!”
Now, back to the future. ...
Let’s step back from baseball for a moment. When elite companies - like Apple or Annie’s Natural Foods - release less than stellar earnings reports or unsavory news, as investors, we have a choice. We can panic and sell our positions at a loss or we can examine why the landscape seems less fruitful than before. Stepping back from the ledge, we should trust the history of the company and remember why we invested in the first place. Sometimes, taking a small step back is needed for bigger steps forward.
Historically, exceptional companies are built by the actions of stellar executives and employees. We learn to trust them based on their body of work. We aren’t necessarily privy to their proprietary information, but we know their job is to be smarter than us when it comes to their strategies. I’m not advocating blind faith. We should always question and challenge the process. However, I am suggesting that we display some level of confidence in the men and women steering the ship if they’ve continually given us reason to. ...
As an investor, blind faith is never worthy of applause, but paying attention to the companies Warren Buffett is buying and selling is an exercise with merit. When he makes a move that doesn’t immediately hit home, I don’t throw my hands up in frustration, I lean in and pay attention.
I haven’t seen Willy Adames play yet, but I just bought a bunch of shares.
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