I’m in this group text.
As an aside (I know, I haven’t even started writing yet and already with the asides), one great way to improve as a horseplayer is to get yourself in a group text with the right people. Also, as it happens, group texts are also very helpful getting one through the darkest days of pandemics, though I’ll be happy if I never see that meme again (and no, I’m not linking to it and be grateful I didn’t rickroll you).
Anyway, the other day I said to my group text, “explain the whole Game Stop thing to me like I’m a fifth-grader.” The explanation I received was excellent, pertaining to the facts of the matter. And then the other day I received an email out of the blue linking to this article below that for me, shed all kinds of light on to the deeper meaning of (and underlying problems with) this particular current events story.
This is a direct reference to racing herein, but my real reason for sharing is that the type of analytical thinking displayed in this piece reminds me very much of the way that successful horseplayers’ minds work. I’ve often thought, for example, that Michael Lewis would make a great horseplayer. The same might be said of Ev Ehrlich. Anyway, check it out and feel free to let us know what you think. We never planned on having a financial columnist here at In the Money (ironic, given the name), but perhaps one has found us.
Re-blogged with permission.