
My attempt to buy a horse at the 2023 Keeneland yearling sale
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Maybe Fasig-Tipton Mid-Atlantic May is a more accurate name, but it is still the Timonium sale to me.
This sale is going to be a mess because workout times are not going to be reported. Without paying a clocker, we will just be guessing at...
My goal is to find 10 affordable horses in the $50,000 to $150,000 range.
Without run out times it is hard to put values on these horses. My final list will be horses bought by smart owners at reasonable prices. Maybe $50,000 to $150,000,...
I watch the March Ocala sale just to get a “feel for the market.” There is a much better selection of stamina oriented horses in the April 14-17 sale. To me, the March sale is for owner who “want to win a two-year old race at Saratoga this...
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This is the list of horses that I would be most excited by if a partnership like West Point or Eclipse purchased the horse at a reasonable price. This is not exactly the same thing as the “best horse”. My list is definitely not the mos...
You just cannot look at every horse in these sales as an individual. The easiest way to focus on a reasoable group of horses is to pick the sires you think are undervalued by the market. My bias is toward stamina, but I have some speedier s...
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The writers behind this newsletter.
-Founding Director and portfolio manager, Prudent Bear Fund, assets almost $2 billion -Research Director of Behind the Numbers. -10+ year CFA grader, and practice exam publisher -currently consultant to asset manager in Ft. Worth, Texas
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