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Originally Posted by Scav
That was never my point. His recent Keeneland meet probably had his phone ringing off the hook.
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Exactly what is your point, then?
You don't think it is right for the guy to do all the leg work on a horse he buys at a sale and then not be compensated for that legwork and any expenses he incurs? If he is selling the shares after he has made the purchase, you expect him to bear all the risk on the horse and not be rewarded for taking the risk? Who buys shares in the horse if it dies the night he takes it home? Who buys the shares if the horse dies before he sells all of the shares? Who shoulders that financial burden?
Ultimately, it is up to the share buyer to decide whether it is worth the markup being paid, isn't it?