“Capitalism without bankruptcy is like Christianity without hell.”
-Frank Borman
Borman did his research. So should you.
The word “worth” means to be good or important enough to justify. Is this worth my time? Or He isn’t worth his weight in gold. Or It’s worth looking into. Retired NASA astronaut Frank Borman can teach us all a little something about worth. In 1968, he, Jim Lovell, and Bill Anders orbited the moon in Apollo 8, the first of 24 humans ever to do so. That was a worthwhile experience. A year earlier, Borman was selected as the only astronaut to sit on the AS-204 Accident Review Board during the investigation of the Apollo 1 cabin fire that killed three astronauts. If you were to ask him today about that preventable fire, surely he would say that mission was not worth the lives of those three men.
Fantasy sports, like exploration, and like capitalism, are about taking risks. Those who make the best calculations, however, risk less. In exploration, the difference between a calculated risk and an uncalculated risk is life and death. And needless to say, if you die during exploration, it wasn’t worth your time. In capitalism, it’s the difference between success and bankruptcy. In fantasy sports, it’s between winning and losing.
But if you focus your lens even more, it’s the difference between overpaying for a player and getting a player at a discount. Is it worth drafting a catcher in the second round? Or I think this player will be worth more by season’s end. And when we’re talking about value of individual players unequivocally we’re talking about sleepers and busts.
A sleeper, according to this writer, is a player outside the top 150 (Average Draft Position) whose actual value is greater than the price you pay. A bust is any player whose ADP is greater than his actual value. To give an example of both: drafting Buster Posey, a catcher, in the second round would be an example of a bust and drafting Lonnie Chisenhall, a starting third baseman in the final round would be an example of a sleeper.
Long after his astronaut career was over, Borman said this: “Had that rocket not fired, I’d still be orbiting the moon. Forever. And I really didn’t want to do that.”
Neither do you.
Continue reading →