re: Taking Stock - by Dan Liebman

STEVE STONE — Wed, 24 Sep 2008 13:16:47 GMT

Hello Dan.. Its so ironic though in your current op-ed piece that you reference "successful" financier Warren Buffett..whom announced just today that he is investing $5 billion into the beleaguered Goldman Sachs investment banking firm on Wall Street..in an bail-out attempt...Its most unfortunate that he didn't instruct the pilot of his private plane to land at Blue Grass Field vis-a-vis New York's LGA or JFK when he could have salvaged the recently concluded Keeneland Sales. That type of investment would unquestionably have made all of the consignors there..not mentioning the sales company itself... very very happy horse people and kept smiles on their faces for months and months to come..Its quite obvious that there are still an modicum of investors out there whom appear to be impervious to both domestic and global financial meltdowns such as the one that we are currently witnessing today..Perhaps in the future all of the sales companies should be courting the Warren Buffetts of this planet and have them spread some of their good cheer around...After all..they certainly can afford it..and probably wouldn't miss it...And he did note that he will certainly glean the value for his substantial investment......Thank you always for the window Dan and best wishes always.. Steve Stone..East Hanover...New Jersey

re: Taking Stock - by Dan Liebman

Richard R — Tue, 23 Sep 2008 16:00:01 GMT

The "It will flucuate" comment, vis-a-vis the stock market, was first attributed to J P Morgan in 1912. Buffett might have said it but it's notoriety goes to Morgan.

I hope nobody is surprised that sales of unproven horses is trending downward. For sure, the market uncertainty is being felt, but so is the growing indifference to the game by not only the general population but by its core constituents.

You have to be a pretty strong contrarian to be bullish about the horse racing business today.