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Originally Posted by Dunbar
I understand that profitability can easily revolve around a 5% expense. But still...I can't help thinking that it just might be okay to end up with $57 million for Bernardini rather than $60 million, and have the pleasure of watching him run as a 4-yr-old. (and that assumes that he would only break even on costs/income while running).
I understand there are other risks, too. Mainly, that a horse like Bernardini may not live up to expectations as a 4-yr-old, thus reducing that $60 million estimate of worth.
Perhaps that is the main reason horses are rushed to stud--fear that they are not as good as the market currently values them.
--Dunbar
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You know... I think that's probably the main reason in most cases, but I don't think that's the case with Bernardini. I think that his chances for improvement as a 4 year old were probably very good, but I think that they retired him early due to the risks associated with him running a 4 year old campaign. They've got a better chance of getting a classic winner out of Bernie than they do Discreet Cat or Invasor, so why would they risk it by running him another year? I dunno... I wish we could have seen him run another season. It's typical that I finally gain respect for the colt after his BCC loss and now he won't be running anymore. DOH!
