Thanks Houndog, and thanks to Jerod Dinkin for posting his article on the HTR site. (I saw it there and printed it out and have been watching some of George Soros' videos on reflexivity since). I think it definitely relates to the notion we know as 'wagercapping', and speaks a lot to what I observe as 'ambivalence' in Doc Sartin's writings on the subject of value (check his recurring remarks about 'the value boys').
Unless you are a whale operation and dutching half the field to break-even and make 8-10% ROI in rebates, the horse still has to win in order to be truly an overlay.
I want to discuss further, but I want to think more first.
Ted
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Last edited by Ted Craven; 01-06-2011 at 10:44 AM.
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