I think a common misconception of Moneyball is that it's about analytics. The broader lesson is that people need to systematically evaluate undervalued assets in sports/business etc.

One of the interesting 'post-Moneyball' stories is when old-school scouting methods came back onto the scene. People started overvaluing the new popularized statistics, and the market advantage was to combine the analytics and traditional approach in a cost-efficient manner.

The 2014/2015 Royals capitalized on this to some degree, picking up players who didn't strike out or walk much, at a time when players who walked a lot were at a super premium.

Some of the smarter teams in the NFL seem to be figuring out that maybe running backs aren't completely fungible, as has been the mantra for a while.

Markets are a decentralized adaptive system, so the overall lesson is to have a process to identify what is under/over valued and adapt over time.

There is no durable thing you can simply identify as your edge in metrics that you can stick to for years.

Whether someone understands what moneyball is about is a great intelligence litmus test.