Watchful WaitingThis weekend in Queensland they will stage the Magic Millions program. The key races will be one for three year olds and one for the babies.Sometimes - as happened last year - there will be a major clue to the possible winner of a major two year old group race. Other times, the placegetters will settle into lives of moderate success but never set the world on fire.What we, as investors, can do is to watch and wait. See what happens without going in big-time with a hopeful guess (
Watchful Waiting
This weekend in Queensland they will stage the Magic Millions program. The key races will be one for three year olds and one for the babies.
Sometimes - as happened last year - there will be a major clue to the possible winner of a major two year old group race. Other times, the placegetters will settle into lives of moderate success but never set the world on fire.
What we, as investors, can do is to watch and wait. See what happens without going in big-time with a hopeful guess (read: "a crazy bet").
We might miss a winner. We miss a winner every time we let a race go by without having a bet. And we also miss all the losers. I'm all for knowing as much as I can before I part with my money.
It was hard enough to get without treating it with disrespect. I want to KNOW I have a big show of success. Hoping is not enough.
So, this weekend, when we really DON'T know (let's be honest, now... we don't), maybe we should watch, wait, and make some notes in our diaries about future chances.
Sure, we can have a small investment on something that looks over the odds, but treat the races as learning stages.
For many of their trainers and connections they certainly will be just that.