Yearlings or 2-yr Olds in Training?

It is time to make the real world decision to either buy yearlings, or buy 2-yr olds in training.

Philosophically I am 90% sure I want to buy yearlings, but practically I am only 70% sure I want to buy yearlings.

I do not like horses that are “rushed” to the track, so that pushes me toward yearlings. I am swayed by the arguments made my Don Little at Centennial, Jerry Crawford at Donegal, and Marshall Graham at Ten Strike, is favor of yearlings.

However, my results picking yearlings has been quite bad, and my ability to pick 2-yr olds in training has been quite good. In the real world Quick Tempo got to the Derby trail for a brief moment, and Brooklyn Strong and Get Her Number were cheap graded stakes winners.

I wish I could dismiss the 2-yr old sales, but I still think there might be value hiding there.

In the real world my plan is to hold my money to buy yearlings, but if the right 2-yr old comes along I still might invest.

I must admit that my negative outlook on the economy is pushing back my desire to buy horses with the stock market at an all-time high. I want to se a little pain and suffering.

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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