Without the basics the rest is not going to do any good. In plain terms we
horse players can understand, they handicap the market. If you want to learn how a
horse owner and insider handicaps just go to http://williewins.homestead.com/truecb.html and get the truth.Bill Peterson is
a former horse race owner and professional handicapper. There is no doubt that if something
happens once, it will probably happen again, but just when and how it will happen,
and to whom, are the questions we prognosticators try to answer. You just get to
be smug and think you are a pillar of society if you invest in the
stock market, until it all comes crashing down, of course. Of course there are financial
pundits who are now making comparisons to betting on horse races, something they do with
annoying regularity when their little world is shaken, as if betting on horse races was
the wildest and craziest thing that anyone could ever do.For those of nike tn us who have
been around horse racing and this old world long enough, we realize that almost every
human endeavor is comparable to horse racing handicapping because humans almost always do the same
things the same ways based on our nature. Most people spend more time worrying about
the future and thinking about the past than they do spend thinking about the present.
From my standpoint as a horse player, and one who has had his ups and
downs, I can certainly relate to and sympathize with those investors who are on the
roller coaster ride.At the heart of the problem, of course, is human nature. When I
handicap a race I use my experience and look for situation and trainer moves to
find a horse that has a certain possibility of winning and offers a price that
makes it a good bet.When investors pick a stock or mutual find or any other
investment, they use a price to earnings ratio and tn look at a prospectus (the racing
form of the financial word) to determine what the investment will pay in the future
based on its past performance. Then you get to walk around muttering to yourself and
watching your fortune disappear just like the biggest Longshot Louie, or Louise at the finish
line of any race track on any given day.My advice to investors and horse players
is not to take anything in life too seriously and keep a few bucks in
your shoe to buy a hamburger on your way home, and of course, there's always
fresh (tomorrow).The most consistent horse racing systems have to have the basics and a handicapper
must understand the basics. It is perhaps the greatest of all motivators.People worry about having
enough money and good health in the future so they look to the past for
clues that will help them predict the future. In particular, I'm talking about greed, carelessness,
fear, and the usual bunch of suspects in any human crisis. I have been around
horse racing for 50 years including as an owner. Therefore, not only is investing in
anything, whether it's a horse race or a mutual fund or real estate, a risky
undertaking, but it all comes down to factoring in the past and trying to predict
the future.What will happen in a horse race or the financial markets has as much
to do with time and chance as it does with human nature and for that
reason, they are all basically the same. The recent credit crisis on Wall Street and
the subsequent chaos in the stock market in the United States as well as across
world markets, has shown just how risky financial investments may be. The reason is fear.
He comes from a horse race handicapping family and as he puts it, "Horse Racing
is in my blood." To see all Bill's horse racing material go to http://williewins.homestead.com/handicappingstore.html -
Bill's handicapping store..
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