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Originally Posted by Kasept
Absent from the Dynaformer acknowledgements is recognition of the vision of Nathan Fox to see his potential and make him into a sire.
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You're pretty much giving recognition for something that was mostly all luck and chance.
Just to read Nathan Fox tell the story himself was pretty amusing. He bought the horse for $700,000 to stand stud.
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Fox didn’t have the money, but he convinced a bank that he could syndicate 80% of the horse for $22,500 per share, even though, as he admits today, “no one was buying any horses then” because of a slump in the breeding industry.
“I felt like that Sham-Wow guy,” Fox recalled. “I called people up and didn’t let them get off the phone until I sold them a share. Most people I sold shares to didn’t even know what a syndicate was. One person came to the farm on a tour and didn’t leave until I sold him a share. I had to explain to him how he was going to get his money back. He still owns it. I don’t know how many millions he’s made.”
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A complete roll of the dice on a $3,500 stud fee stallion...and why?
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What made Fox take a chance on Dynaformer in the first place?
“The main thing I focused on was I wanted a horse that came from a sire-producing family,” he said. “When I got here from Texas, two of my favorite horses were Roberto and Darby Creek Road, and Dyaformer is by Roberto out of a half sister to Darby Creek Road.”
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You can't assign credit (if successful) or blame (if unsuccessful) on moves like this unless you have monsterously large sample sizes.
I just saw a guy walk up and bet $500 on a 12 (30/1 prop and bad bet overall) ... the next two rolls were both 12. I had a former neighbor win a million dollars on a $20 scratch-off ticket. His vision really wasn't any better than either of those two.
Ultimately -- if you're going to make moves like he did -- you need a Sham-Wow Guy type quality to you ... because salesmanship and luck are the king factors of success...if you have even one of those qualites you'll probably do outstanding in that line of work.