Del Mar Online Racing Community
Chat about horses, racing, and the industry.
You are off your rocker if you think Pegram and Siegel pay markups to buy into a partnership.. They may or may not have a horse with them, but they came at the non partnership price.
Mudflats was a horse LRF just bought at a "price" I cant put down on this board what the terms of that were, but it was unbelievable what happened to people on that horse.
I hate it when I don't forward chain letter and I die the next day!
Did you put up money? He's been the underbidder on just about every good horse running in the last 10 years.
LRF Investor here. My friend told me there was some LRF chatter and i wanted to chime in. Invested in 5 (very marked up) horses. 1 made money, 4 didnt. I think ive invested in like 5 non marked up type partnerships with, funny, probably same results.
Why do I invest with LRF? Couple of years ago I called Billy Koch 4 days before the Kentucky Derby, and told him I was thinking of making a last minute trip and asked if he knew how I could get tix. Two hours later he got me four 3rd floor clubhouse seats on the finish line at face value. Best seats ever. I also invested in an LRF partnership with Lebron James once and got to meet him at Saratoga. Two of my closest friends now are people I met cause we shared an LRF horse. He really has a good, solid group of partners. i got paid when they said I would and a nice write off when we lost.
Overall I am very glad I met Billy and the gang over there. Are the horses over priced? Thats like asking are the suits overpriced at Neiman Marcus. All depends on who you ask.
I don't trust people with 2 first names, a cowboy hat , or a man who 365 days a year maintains the 1980's Don Johnson stubble look. He been arrogant every time I have ever had anything to do with him. He runs a business and you pay a ton more than you should for being in a partnership. Mark ups are fine but excessive markups are a legal scam for the investors . I would also suggest meeting friends that aren't gamblers.
Mr. Super Bowl
Ye without sin, in, this, business, cast, the, first, stone.
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