In 1975, a young couple went to a horse sale with their veterinarian and advisor, and bought a colt for $17,500. The colt, later
named Seattle Slew, won $1,208,726 on the race track and was syndicated for $12 million. That is a return on investment.
This book not only tells you the story of Seattle Slew and other successful equine investments, it recounts some of the horror stories of people who have not paid attention to business,
and as a result, have lost a great deal of money.
Written by two horsemen, it is a complete tour of the horse business, designed to help you invest in the business, avoiding many of the common and costly mistakes that novices in the business make.
Starting with the five rules for getting into the horse business, the authors tell you how to select an advisor, what goes on at the race track, what to expect at a horse sale (including how to read a sales catalog and a primer on conformation), what life is like on a farm and what makes a horse valuable.
The book also includes financial sections such as the costs of being in the horse business, taxation, alternative sources of ownership and much more. |
