Re: Cyclical Luck
I didn't say he made it all from handicapping alone. He took horse racing profits and started a couple of restaraunts, and later bought real estate in Malibu. He happened to buy the real estate in the 1970s, and that is where he made the majority of his money. He started out with nothing, not tens of millions, and he lost money at the races for several years before he figured out what he was doing.
I don't know every detail of what he did, and I haven't talked to him in a few years, but I have seen him handicap horse races, and believe me, this guy had/has some kind of gift.
Don
|