"I never bet on a horse in my life unless I trained the horse. I have to laugh when the boys look over the doe sheets, and say "This one looks right to win".

"I spent a good portion of my days when I was training horses, trying to get a horse to look as if he wasn't right to win, so that I could win some money on him myself. The trick is to get a horse right, but not to have him look right. You can get big odds on what looks like an also ran" -Frank Tarbeaux





Speak your mind

2 Comments so far

  1. ED on March 20, 2017 9:05 am

    The idea in the last paragraph is the trick Malone pulled when he did the first liberty media spinoffs - made the new securities appear undesirable so that he could purchase the extra allotment of securities investors didn’t want, which were only up 1000% in the subsequent period. Also relevant to dates option compensation is set.

  2. bob on March 24, 2017 4:06 pm

    Dell comes to mind.


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