Written 20 years ago (in 1998). Material on yacht rating rules is stale. Discussion of America's Cup designs and results is missing 25 years. Not a bad non-mathematical discussion in most places.
Section on model testing is between wrong and misleading. Problems with testing very small models, as at Steven's Institute, were well know even back then. The US Navy replaced its Experimental Model Basin (EMB) built in 1898 at the Washington Navy Yard with the new much larger Taylor Model Basin at Carderock, Maryland in the 1930's. Testing at Steven's was much cheaper than other facilities but had known problems. When the rule still required model testing in the country of the team, several US teams came to Carderock with bigger models after Steven's problems. I was there.