Like talking to a wall

If you can't beat 'em...

Olin Gentry and Thomas Gaines announced the formation of the Legends Fund. A hedge fund like group, created for the common man; all it takes is $3 million (over three years) and a dream, for which you will have access to some of the best minds in the thoroughbred industry.

While “there will be plenty of fillies,” Gentry said, the emphasis will be on colts that can be sold as stallion prospects following their racing careers. Plans call for the fund to buy 70 to 100 horses a year for three years at a variety of levels in the market.

Is it me, or this blatantly stupid. What kind of sense does it make to say ahead of time, "I'm buying to breed." Shouldn't the progression be to find horses that are bred for racing and that then prove that pedigree on the track over time? I mean, isn't part of the problem the fact that we have too many unsound, defective horses standing at stud after short and untested racing careers. Do we really need more monied imbeciles entering the sport just to purchase snazzy pedigree and jack up the prices of untested and unworthy horses? Green Monkey anyone? HELLO?!?!?!

I guess the thinking is, if a bunch of wanna-be Wall Street pissant thugs can start up a hedge fund with a moral compass that would have raised eyes in the court of Caligula, then its good enough for horse racing in general.

Then again, I'm on the outside looking in so what the hell do I know?