Smart: Signing a DH to a short length deal.
Less smart: Signing a player who should DH to a short length deal...to play left field.
Smart: Foreseeing the market's supply of near-equal corner outfield types and waiting for prices to dictate such.
Less smart: Jumping the gun to "set the market", and ending up overpaying.
Smart: replacing a black hole with a nice bat.
Less smart: Replacing a nice bat (and poor fielder) with an older, worse, and more expensive version of said player.
Smart: Not giving up a draft pick.
Less smart: Not offering arbitration, and giving up a first round draft pick for a 36-year-old.
Less smart: Well...
Smart: Signing Pat Burrell for 2/16.
Less smart: Signing Raul Ibanez for 3/30.