Saturday, December 29, 2007

Searching for Returns: Flipping Horses

Sorry to the several of you that emailed me about the lack of updates on the blog. I was in India for the past two weeks and am just now catching up on reading and market activity.

Bloomberg had a pretty interesting article on the increasing interest in investing in thoroughbred horses to generate returns.

"The average return on a thoroughbred purchased as a one-year-old, or yearling, and sold as a two-year-old climbed to 47 percent in 2007 from 30 percent in 1999, according to TBH MarketWatch, an industry newsletter put out by the publishers of The Blood-Horse magazine, based in Lexington.

Outperforming Hedge Funds

By comparison, hedge funds globally gained an average of 13 percent in 2006 and 8.8 percent in the first three quarters of 2007, according to Chicago-based Hedge Fund Research Inc."

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