zflk blitzkrieg paradigm

The First Thing You Want

To Handicap Is The "Crowd"

That Attends The Different Racetracks!

What you want is, to place your bets at a
track with the highest percentage of people who are illiterate
about horse racing. How do you find this out? Easy. You just
study the Racing Form and find out which tracks have the lowest
percentage of favorites who win races.

Think about it: If you had to make your living
playing poker, what is the best advantage you could have?
Better cards than the other players? That's impossible. In the
long run, all card players will receive exactly the same
percentage of good hands, bad hands and mediocre hands. No,
you don't necessarily want the best cards. What you really
should want (at least it's what I would want) is all
the other players to be...

Dumb, Stupid

Rich Guys!

The next thing you want to do if you are going
to play the ponies for a living... is... eliminate those
horses almost certain not to win. Here's a major secret
on how to do that: Except in high-stakes races, eliminate all
horses who haven't ran a race in 21-days. Why? Because the
owner isn't running the horse to win. To do so would be
risking injury to the horse. What the owner is really doing is
running the horse to limber him up so the horse will be able
to run full-out in an attempt to win the next race. Then, you factor in the "speed rating" and...
HOLD IT! The purpose of this newsletter is not to teach you
how to win at the races; it's just to illustrate a point.
Namely: By spending weeks (they didn't have electronic
calculators back then) Nancy and I were able to figure out
what really counted
if you wanted to make money at the races... and...

We Never Had A Losing

Day At The Track In Ten Years!

But truly, it's a dreary way to make money. If
you're really playing to win, it's tedious drudgery and takes
all the fun out of it. Nowadays, if I ever do go to the track,
I simply bet on the horse which most resembles my Aunt Silvie.
Don't make any money but at least it's fun.

Anyhow, let's get gazockaling on beating the
stock market. Now, here's the first rule I made for myself:
BUY ONLY STOCKS LISTED ON ONE OF THE THREE MAJOR STOCK
EXCHANGES.

The reason for that rule? Simple: You see, I
realize I'm never going to make any money by buying
stocks. I'm only going to make money when I sell
my stocks. And, when I'm ready to sell, I want to make damn
sure whomever wants to buy can easily find quotes and other
details of the stocks I want to sell. In other words, I have
no interest (at least, currently) in messing around with any
stocks... unless... they are listed in the Wall
Street Journal.