LCF is a pretty successful broker of imported horses, and when that happens the typical business model is that the horse has a pretty limited time in the program before it is sold (the better you are at picking prospects people want, the shorter the time you own it). Only a few horses stay and go on to the Derby program, most are sold. So what people are buying is Larry’s phenomenal connections and eye fro a great hunter, ideally before it gets too LCF’d
The sad thing is trainers and many owners know exactly what program they are buying from and yet…