Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Old Man's Wisdom
Old 01-14-2008, 02:27 PM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
Join Date: Apr 2003
Location: Hooverville
Posts: 22,541
Old Man's Wisdom

No not mine, silly, I'm not yet old or wise. This is from the MWE board on Yahoo.

It reminds me of an incident that happened to me over 50 years ago.---

I had owned a booth in a farmer's market and one night while talking with one of my customers who was waiting for his wife, he happened to mention that he owned harness racing horses. Being pretty outspoken even then I said to him--You own horses how come you never gave me a winner? He looked at me and said--Watch the papers next week. When "Black Haven" runs and the odds are high he will win. Well after watching for a few days I saw the horse was running that night and I ran to the track that night and Black Haven was going off at 10 to 1 which I thought was high so I put $20 right on the horses nose. To make a long story shot the horse ran dead last wire to wire.
Thw following week I met my friend again at the market and kiddingly mentioned that his horse wasn't too good.

His answer was-- I told you when the odds are high Black Haven will win. Watch him week. Well I waited and the following week I saw Black Haven was entered in a race with the same seven horses he ran against the previous week. I went to the track and saw this time Black Haven was 33 to 1. I bet $20 on the nose. This time Black Haven Started out in front and stayed in front wire to wire and paid $690.00 for my $20 bet.

I found out then, that it doesn't pay to bet against the man that feeds and owns the horse that is running.

This is apropos of an investment change by the founder/ CEO of MWE.

"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
HI - 53 and seeking a little wisdom Options Hi, I am... 3 01-14-2008 09:39 AM
"Getting Rich: The Poor Man's Guide" frayne Young Dreamers 8 05-23-2006 01:08 PM
Book report-- "Old Man's War" Nords Other topics 3 05-14-2005 08:25 AM
The Wit and Wisdom of JG REWahoo Other topics 5 01-02-2005 11:50 AM
One man's RPI ... TheFIREman Other topics 0 08-16-2002 01:20 AM


All times are GMT -6. The time now is 12:44 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.