“Hall of Famer Ted Williams approached batting not as something done on instinct, but rather as a methodical, evidence-based process,” says BloombergView columnist and founder of Ritholtz Wealth Management, Barry Ritholtz. Ritholtz recalled that Warren Buffett had recommended Williams’ book, “The Science of Hitting,” in the context of making better decisions. He writes that “Williams emphasized research, evaluated data and created specific rules for batting,” and that he “thought deeply about probability, made discipline a key part of the process and analyzed the strike zone mathematically.” Ritholtz then compares Williams’ quant-like approach with “the way in which many investors think about deploying capital,” which he describes as relying on “rumor, idle gossip, media pundits, or gut feeling.” He concludes: “If more investors utilized a process comparable to that of baseball’s greatest hitter, they would be much better off.”