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 -----
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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