Quote:
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Originally Posted by 2MinsToPost
On a horse at auction. What % -
- in it for the fun
- in it for the chance of profit from breeding
- couple with the above or not - chance for a Derby horse
- tax write off
- ego trip
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I'm on a combo of the first three. Personally feelings speaking, of course.
If someone has a million to spend on a horse, there are other ways to find tax write offs.
On the "ego trip" part, I just quickly think of horse owners George Steinbrenner, MC Hammer, Merv Griffin, Burt Bacharach, and Bob and Beverly Lewis.
I don't think any of that assorted group was on an ego trip with thoroughbred racing as the vehicle.
I think the common denominator was fun and the chance for a storied horse.