I think oracle80 brings up several points -- first, the "wanting for more" aspect is very true. The "intrinsic" aspect of a stallion, or the aura of the horse, plays out here. The image, along with maximizing value is key, but I would say that many people feel it is more key for someone who "needs" the money. Again, who knows.
Having a stallion peak in value can make one become very vulnerable. Often the stallion has way more downside then up, and often has only downside. Professionally, I work with athletes, entertainers, and high net worth families and individuals. I hate to stereotype but often the more zeros on your balance sheet, the more "ego" can potentially come into play, the more "image" can come into play, etc. I mean how many homes can you own? How big can they be? It is more than relative as you move up the wealth scale. Look at a generic person worth $50m and then the generic someone worth $1b. Sure, there are exceptions and perhaps no rules as well.
I was in the paddock recently when one of our horses was racing. I knew the horse would run but just wasn't sure how well (layoff). Anyway, we are second/third choice and there's a 2/5 or 3/5 shot in the stall next to us. The jock riding the heavy favorite comes out and says to the trainer "so, what do we look like here, is there anyone here I need to worry about" or something along those lines. The trainer responds "just point him in the right direction, enjoy the ride, and I'll see you in couple of minutes and get ready to get your picture taken"
Anyway, of course there is pride and ego. I immediately wanted to finish ahead of that horse, even if it was second to last. It's human nature. Now I would never change strategy or make it a personal vendetta and with me that thinking lasts a few seconds. But we need to think about things sometimes with a different perspective.
Eric
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