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Originally Posted by oracle80
Eric, didn't Mack sell him that other horse for crazy money a few years back as well?
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Aside from Electrocutionist, yes, there was another one. I don't remember his name, what major race he had just won, etc. or any of the specifics for that matter. I know the agent in the deal and he told me very matter of factly. I don't by any means play in those leagues -- not in any way, shape or form. But even buying horses who make the races -- the amount of money being thrown around is enormous and it drives the market into territories and levels that in the long run will hurt.
Everyone wants to believe that "markets" are "efficient" so to speak. However, they are not. That is, in part, what creates opportunity within the marketplace.
Eric