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00:00Stony Point Bloodstock was created with the goal of making a profit for its investors
00:07while also introducing them to the sport of horse racing.
00:10They recently took a trip to Lexington and we dropped in on their visit to Spendthrift
00:14Farm.
00:16My wife, Jim Fitzgerald, my son Matt were all in Saratoga last year and we were brainstorming
00:22around the table and we thought about the idea of forming a pinhooking partnership.
00:30In addition to wanting to make it a for-profit venture, we wanted this to be fun for investors.
00:36We wanted it to be experiential.
00:39We've assembled six coals.
00:41We have two Constitutions.
00:42We have a Not This Time, a Metoli of InnoRossa, and an Omaha Beat.
00:48The yearlings are at my farm in Virginia, so the Keeneland September sale will be probably
00:53where most will sell.
00:54And hopefully we can grow the whole thing from there and maybe eventually to evolve
00:58into having a couple of racehorses and maybe a couple of broodmares.
01:04And now this weekend we're able to bring our investors to Lexington to have them enjoy
01:10the beauty of the countryside, to go racing at Keeneland, to see sires of their own colts.
01:15So we want this to be both profitable, but certainly enjoyable and fun for folks that
01:20have never experienced the industry before.
01:23It's been a whirlwind over the last 24 hours of just learning so much and I had no idea
01:28all the things that this sport had to offer.
01:31How much fun it is, how much of this community the racing really is, and it's been a lot
01:36of fun.
01:37I mean if you can get a group of guys like this that you can enjoy and you can spend
01:40time together and then it gives you an excuse to then interact with the horses and be a
01:46part of that community.
01:48For me I love the process, I love the buildings, I love the fields, I love the horses more
01:56in their natural element, even more than I love the racing.
02:00In order to do any of this stuff well with animals you have to love the process.
02:04It's wonderful that the farms are opening up and letting people do this because the
02:09horse in itself is the common denominator and it makes everybody feel at home and they
02:14love these wonderful animals.
02:16It's easy for us, the people that live in the urban environments to get really disconnected
02:21from rural life.
02:24I think we miss out on a lot when we don't have the connection that we had to horses
02:30for thousands of years as humans.
02:33There's a spiritual element to interacting with horses that people who are around horses
02:37all the time know and love and feel invigorated by, but for those of us that don't get to
02:45do that all the time I think this is a great mini substitute.
02:50Most people would say that an investment like this is obviously a little crazy maybe, obviously
02:55one of the greatest investments ever made, not just because of the financial possibilities
02:59but just the sheer coolness.
03:01It's something different.
03:02It's not just a piece of paper that says we own something, this is a feel like we're part
03:06of what's going on here in Lexington, even when we're sitting up in our cold state of Michigan.
03:11I think you have to get the hands-on experience to really find the delight in it.
03:18Certainly we're investing in order to make money, but then when you couple that with
03:23the ability to get out here and have interaction in a way that you otherwise wouldn't have,
03:29I think that's what makes it all worth it.
03:31I don't know how I would ever be able to get out.
03:33This is just so much fun and even if the first year doesn't turn out great, we're definitely
03:37going to be back for year two and three and I've got a lot of people that are watching
03:40how this goes and I think we're going to have a lot more people year two and three also.