Uplifting

This whole industry, as I've often remarked, turns on a delicate pivot. We need pedigree to hold up sufficiently for the big investors to stay in the game, and incidentally to keep the rest of us in business; but we also need a sufficient number of unaccountable aberrations for the little guy to feel he always has some kind of chance, as well. If the top lot at Keeneland September Book I won the GI Kentucky Derby every year, then almost the whole pyramid beneath would collapse. But nor can...