He who dares, wins. For commercial breeders, however, that famous military maxim is becoming ever less practicable. Rather than hold their nerve, they rush nervously from one new stallion to the next, few daring to stick around long enough to take a yearling to market once a first crop has actually been exposed to the racetrack. These cycles often become self-fulfilling, in that few stallions can seize so limited an opportunity in time to maintain adequate momentum. But every now and then, one comes along that, no sooner than he...