Re: Matron & Atto Mile-- Hey Barry (621 Views)
Posted by: (IP Logged)
Date: September 22, 2005 05:46PM
TGJB,
It's hard to have a conversation with someone that is so biased against me that he almost never understands the point I am making.
The point was not that some bozos at OTB could make money at this game buying horses. If they did buy horses, they would get buried. That much is obvious. However, any bozo that can read the DRF can select some high quality horses. If they did, some of them would go on to accomplish great things despite the fact that they brought no value to the table at all in the selection process. That gets proven all the time when they let monkeys select stocks. Some of the stocks do great.
You can't measure overall success by pointing to a few individual successes. You measure the success of an operation by looking at the bottom line over a very long period of time and a lot of selections.
I'd be happy to hear your views on how to find value in the horseracing business these days, but I wouldn't be impressed by something that is primarily geared towards speed figures. I am constantly seeing private purchases of horses that just ran fast (Discreet Cat is the latest example). That's telling me that lots of people are using speed figures as a primary criteria. So I suspect there is little value there. I also think there's more to measuring ability than just how fast a horse ran.
You've made a lot of comments about management that made a lot of sense to me. I think it's pretty obvious you bring a lot of value to the table in that area. So if you please, why don't you explain to me where the value is in the selection process.