Michael Dubb has sat on the New York Racing Association board since 2008. Fabulously wealthy, he is also a top Thoroughbred owner. A quick read of his bio on the NYRA website reveals that Dubb is clearly proud of his philanthropic endeavors – children’s causes, primarily. But how about the horses on which he has “earned” almost $22M? Well, I found this quote from a NYRA 2018 profile:

“I look at each horse I own as an individual investment. But I look at all the horses I own as a stock portfolio. Underperformers are moved along; there is a constant push to upgrade the portfolio.”

“Investment”

“Stock Portfolio”

“Underperformers Moved Along”

Hmm. Doesn’t quite jibe with “love ’em like children” and “members of the family,” does it?