Two Tries in the Horse Ownership Business

William T Ziemba

Chapter 30 in The Adventures of a Modern Renaissance Academic in Investing and Gambling, 2017, pp 327-383 from World Scientific Publishing Co. Pte. Ltd.

Abstract: My first foray into racing was somewhat accidental, and at the low end. Not a good combination for any investment! Things started off beautifully, however. In September 2005, I was invited to speak to the management at one of America’s great classic racetracks, Keeneland. It is a beautiful site and I have used their library for research on several occasions. I spent 3 hours covering key issues facing the industry in the US, including rebating, betting exchanges and demand elasticity. I felt that the talk gave senior management plenty of food for thought, and a lively discussion ensued…

Keywords: Financial History; Risk Management; Investment Strategies; Mean Reversion; Risk Arbitrage; Management of Assets (search for similar items in EconPapers)
JEL-codes: G11 (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789813148529_0030 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789813148529_0030 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789813148529_0030

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().