Pinhooking is still the place to be in this game.

[Linny]

I would too, but it's nice making anyone a millionaire. The point is that alot of folks figure that if a pinhooker buys a horse for $100k and re-sells for 850k, that they made a fortune. The "fudge factor" of horses that never make it to the 2yo sales, the injuries that keep them from training and sicknesses that cost a ton of money mean you can make a nice living but you are not as rich as folks think you are.
For the amount of risk and the money (or credit) you have to have up front, it's not an easy way to make $150k. Decent middle management jobs with a weekly salary and no risk and good benefits can be had for $150k.

It's easy to demonstrate 10 or 20 horses a year that were huge scores and make it look like pinhooking is easy money.