Boom – Boom – Boom

The “shooting” started less than 24 hours after the Timonium sale ended. At 11:30 am I got an e-mail from Eclipse offering the 2 fillies they bought yesterday. Then only 4 minutes later came Pewter Stable with the offer of a nice Malibu Moon filly they bought privately at the sale. Then 4 minutes later West Point fired off the 3 horses they bought at Timonium.

Just 30 days ago I would have no intelligent way to evaluate these offers. I could just trust them, but too many years in the financial markets have taught me to not to trust anyone. Today I realize that I now know 2000% more than I knew 30 days ago, but probably only 40% of what I need to know to make an intelligent decision.

Anyone reading the first 100 or so posts to this blog might think these writings to be the ranting of a madman who has spent too much time in Covid lockdown. I would argue that all this work is exactly what was required to evaluate the offers I just received from 3 very reputable partnership operations. The West Point and Eclipse offers will be gone by Thursday. You do not get a week to evaluate these offers, at most you get two days.

I am not ready to “hit the bid” on any of these offers today, but by next year at this time I expect to be 100% prepared. Being 100% prepared to respond to these offers is now the clear goal. The yearling sales in a few months will be another learning experience, but by next year I will be ready to respond to these types of offers.

Published by Gregg Jahnke

I was a professional investor for over 30 years. Now I spend my time trying to pick horses rather than stocks.

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