[Fot] Racing as an investment strategy

[Terry Stetler]

I will defer to Roger Penske who reportedly said that to make a million
dollars in racing you have to start with two million.


Terry Stetler
  ----- Original Message -----
  From: Richard Taylor<mailto:tarch at bellsouth.net>
  To: fot at autox.team.net<mailto:fot at autox.team.net>
  Sent: Wednesday, September 19, 2012 10:04 AM
  Subject: [Fot] Racing as an investment strategy


  Here is one way to calculate Internal RoR.



  Total direct cost of Atlanta Historic's Race last week = + $2150. Weight of
  Medallion (& blue ribbon) = 2.9 ounces = $741/oz. Current price for gold is
  $1773/oz. Therefore racing is more than twice the better deal as buying
  gold!





  Richard  L. Taylor, Jr.,    FAIA

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