you are an average fan of horse racing, you will likely know of the Kentucky Derby. It is a horse race in April and it is sign of spring is in the air. The Derby is the big name but horse racing can be found on many tracks through the spring till the fall. If you never been, it can be a nice relaxing day at the track. Similar to the stock market, all the horses and their genealogy, the jockeys and the owners are listed. There are wide number of methods to bet and understanding the process will lead you to losing less money or even making money. Every once in a while, a horse will change the rules and a horse which did that was Northern Dancer and one book about the horse is Northern Dancer written by Muriel Lennox published by Beach House Books, Toronto, 1995. While racing, it was easy to make money betting on the horse and it won the Kentucky Derby along with other high profile stakes races. After the horse retired, it went to stud or to make babies or foals. One does not know the perfect horse, but it has to have character or heart to make it a champion. Over the years, many of Northern Dancer’s children and grandchildren won races which makes the genealogy even more valuable. This lead to wealthier people bidding higher prices for what should be quality horses. Many times the strategy worked, sometimes it does not.

Linking to dividend paying stocks, in the case of Northern Dancer, the greatest amount of money to be made from the horse is after the career is over. The qualities of the horse is passed to the next generation and future winners. For a number of years how many successes the horses would have was an unknown, but it turns out there was plenty for the stud fees to rise in value. With dividend paying stocks this is where the companies operate – there is much risk in picking the best horse; but when it goes to stud with lots of potential, there is a great amount of money to be made.

There are more questions than answers, till the next time – to raising questions