Trade Deadline Newsbeat
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.
Friday, August 01, 2014
“I wasn’t willing to do it. That’s just the way it is. We’ve put too much into this. Our fans have suffered too much for 10 years (for us) to try to get to a point where we’re competitive. We are now, and we’re going to get better.
“This group of kids will get better. We’re not finished. We’ve got Paxton coming back. We’ve got Taijuan eventually. We have a lot of nice pieces. It isn’t just a couple. I think that’s very important.”
Posted: August 01, 2014 at 08:40 AM | 31 comment(s)
The players the Phillies have aren’t very appealing.
“Not disappointed,” Amaro said. “More surprised that there wasn’t more aggressive action from the other end. We have some pretty good baseball players here.”
But there seemed to be a clear difference of opinion there. The Phillies look at a roster with Cliff Lee, Jonathan Papelbon, A.J. Burnett, Marlon Byrd, Antonio Bastardo and others and see players who can help contending teams. That might be true, but other teams looked at those players with age, injury or performance concerns often with high price tags attached.
“Well, I would disagree with that,” Amaro said, asked if the Phillies overvalued their own players. “In no scenario were we asking for players that were their top prospects. We were not looking for exorbitant paybacks, so to speak, we were looking for players that would help us, but I think we were very reasonable in the discussions that we had.
“I think one of the most over-coveted elements of baseball are prospects. I don’t know how many prospects that have been dealt over the last several years have really come to bite people in the [rear end].”
Posted: August 01, 2014 at 08:04 AM | 13 comment(s)
for his generous support.
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