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#1
06-09-2006, 09:07 PM
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Going back to my previous post, I would have to say that the great majority of trainers out there don't really care how their owners do. Most trainers just want to make as much money as they can and they could care less how their owners do.
There are a few trainers out there that are really conscientious and really ethical and they treat the owner's money like it is their own money. I have this one trainer who is like that. He will see a horse that he loves at a sale and yet he won't let the owner buy it becasue he thinks the price is too high. The owner will want to bid $400,00 for the horse but the trainer won't let the owner go higher than $300,000 on the horse. There are so few trainers like this. Most trainers would not care how much the owner spends on the horse. Most trainers just want the horse and hope that the owner will pay whatever price it takes to get the horse. My one trainer who is so conscientious is very philosphical about the subject. I asked him why he would stop an owner from bidding on a horse that they both really like. Here is what he said: "If I let my owner overpay for horses, the owner will lose money in the long run. If he loses a lot of money, he will eventually quit the business. I want to keep him as an owner for a long time, so I will do everything I can to make sure that he makes money so he will last in the business." There are very few trainers with this kind of attitude. 
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#2
06-10-2006, 01:40 AM
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Quote:
--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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#3
06-10-2006, 09:00 AM
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of course there are also instances where the owner decides to overbid what the trainer feels should be the top price. that gets you stories like cecil peacock and brother derek. there's also the record colt that sold for 16million. one half of the pinhooking partnership said stop when they bid around 350k, the other continued and they got the colt. now, of course those stories don't happen every day, but they do happen. and yeah, there are a lot of shady dealers out there. read a story some months ago about a broker who convinced a guy to spend a lot of money on a lot of crap horses, rather than trying to buy a few nice ones. the owner got out of the business, due to the cost of trying to keep so many horses in training.
it's not a business for the faint of heart. how would anyone like to have been william young, eventual owner of overbrook farm? well, we know the ending....but at the very beginning, a friend talked him into buying a yearling--his first purchase as a t'bred owner. colt died the next day. several hundred grand down the tubes. luckily he stayed in the game.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#4
06-10-2006, 01:55 PM
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Quote:
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#5
06-10-2006, 02:37 PM
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if you have the right trainer, you can leave it up to him or her. problem is that there are a lot of naive people who get taken. of course that happens quite often all over, so obviously it will happen in racing as well.
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln
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#6
06-12-2006, 02:21 AM
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Did you guys catch the interview with Kiaran McLaughlin on TVG. He was talking about the 7 years that he worked for Lukas. He basically said that he learned a lot about how to meet owners and how to be organized. He never said anything about learning training methods. I'm glad he was honest. As I've said before, none of the guys that worked for Lukas train anything like Lukas. Their styles are completely different.
Don't get me wrong. I'm not saying that these guys were not lucky to work for Lukas. Quite to the contrary. They were extremely fortunate to work for Lukas. Lukas teaches you the most important things. He teaches you how to to be successful. He teaches you the business aspect of how to be a succesful trainer which is the most imprtant thing. None of thse guys needed lessons on how to train. Guys like Pletcher, McLaughlin, and Hennig were already excellent horsemen. That is why Lukas hired them. Lukas hires the best. He always hired guys that were capable of running things when he wasn't there. He always hired the best and the brightest. He wouldn't hire some beginner that didn't know their stuff. When you look at guys like Pletcher, McLAughlin, Hennig, Stewart, etc. I think that all of these guys owe much of their success to Lukas because he taught them all the intangibles of how to be a successful trainer.
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#7
06-12-2006, 04:45 AM
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Quote:
Pletcher and Hennig owe SOME of their success to DWL... I'd say they owe MUCH more of it to their trainer fathers. In addition, Kieran and Dale Romans also got their starts at the same time as Hennig in Mark's dad's barn. (Kieran is married to Mark's sister). Kieran also owes something to Del Carroll, who helped him when he was struggling right at the start of his training career... But they ALL do look to DWL as the guy that taught them how to run a big time professional operation. Steve
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