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#18
03-13-2007, 02:55 PM
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It's probably been said before, but the whole breeding/racing mis-alignment smacks of a huge pyramid scheme. You find 150 people to send you $50,000 to breed to your horse. You tell each of them that he/she can take the foal, and when it grows up there will be 150 people who will send them $50,000/year to breed. And so on.
Just like a pyramid scheme, a few people are making a lot of money, but most of the people must be losing. I believe that sooner or later this bubble has to pop. It just doesn't make economic sense. There is not enough stakes money to support the current inflated breeding costs. The only way to make back your money is to retire and breed, and that's where it becomes a pyramid scheme. --Dunbar
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Curlin and Hard Spun finish 1,2 in the 2007 BC Classic, demonstrating how competing in all three Triple Crown races ruins a horse for the rest of the year...see avatar photo from REUTERS/Lucas Jackson 
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