Andrea Bianconi Racehorses are an expensive vocational pursuit. But it is also a pretty good business for all those involved, such as the owners, the trainers, the jockeys/riders, the breeders and the various sportive federations. Successful racehorses not only make a lot of money in prize wins — Winx an Australian thoroughbred was the highest all-time earner with […]

Andrea Bianconi Ray Dalio has summed it up pretty well in his latest post — “The World has gone mad, and the system is broken” — and in this interview with CNBC. There is clearly a combination of opportunistic reasons, greed, a quest for power and cronyism as to why the bullshit economics behind the trickle-down narrative — despite its […]