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.