Somer, training is different than it was just decades ago. So going back a 100 years doesn't do it for me. The layoff issues are much less of a problem for me. Silly things like geldings being an issue was thankfully disproved. Flukes happen and slow horses like Giacomo occasionally win. Essentially it isn't meaningless but it isn't meaningful either. Races at 2, maybe is an issue. I don't like Curlin who is light on experience, but if he had the same number of races so far and his first one was on Dec 31st I doubt that would drastically change anyone's view of him.
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