I’m not sure that the stats used in the JC study quoted are very persuasive. I’d want to look at the methodology. First of all, the omission that is glaring to me is one that takes into account something that I can’t tell whether they used. There simply aren’t that many races written for two year olds, are there? I would think a good bit of selection for the three year old Derby trail is going on for two year racers. If that’s the case, then the two year olds in the study are “better quality” from the getgo, so their lifetime earnings–if they survived their two year old year–would naturally be higher. The same question would apply to most of the statistical categories. It’s self evident that better horses will win more money and more stakes, and two year old racers in the USA are mostly likely the cream of the crop, given US racing.
Second, what they don’t seem to track is total number of two year old starters that race into their later years, i.e, the attrition rate. The ones who do make it through and into the later years might well have benefited from the two year old races, but what about the ones that don’t race on? That stat is not one of the ones they publicize. The figure I’d like to see is the attrition rate of two years in the two year old year versus the attrition of the horses that started to run in the year that they started to run.
You know what they say about stats. They can prove almost anything you want to prove if you ask the right questions.
I’m not trying to tar and feather UBS, but maybe breeding a Meadowlake mare to him was not the wisest breeding decision. Maybe he needs mares that can bring something to his foals other than raw speed.