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Ric Waldman Bloodstock Advisor

Monday November 20, 2006

Ric Waldman, bloodstock advisor and consultant, who has been actively involved in the Thoroughbred industry for 33 years, is president of Lexington-based R. Eric Waldman Consulting Services, which serves a consultation client base and performs appraisal services.

In addition, Waldman’s company is syndicate manager for Overbrook Farm and Windfields Farm. In that capacity, REWCS has managed the successful careers of such prominent stallions as Storm Cat and Deputy Minister, who collectively were leading general sires for four consecutive years.

Previously, Waldman was founding president of, and partner in, Stallion Access Inc., a stallion seasons and shares trading company, served as business manager of Airdrie Stud, and was assistant general manager of Fasig-Tipton Company in Elmont, New York.

Waldman is an astute observer of trends with the public auction market and the breeding industry in general. He is available to discuss the recent strong yearling and breeding stock sales, trends in stud fees, and his experiences with sires such as Storm Cat and Deputy Minister.

Toronto, ON:
Hi Ric. I'm an avid Thoroughbred horse lover, I'm really into the breeding of the horses, would like one day in the future to get involved in some way or another, whether it be consulting, pinhooking, or breeding them myself. My question to you is for someone like myself who has little experience working with horses, what would be the best way to enter those areas of the business? Thank you, George.

Waldman:
George, since you do not list your age, I am going to assume that you are young with your career ahead of you. First, find a way to work with horses, at Woodbine or at a local farm, or if you are really adventurous, find your way to a larger racing center or breeding center. That way, you will find out quickly whether you like horses or are just attracted to the seemingly fashionable part of the industry. Once you decide that it is for you, then your next direction should fall into place. Also, read, read, read as many publications about racing and breeding as you can.

Elmont, NY:
Thanks for stopping by. It's great to hear about your success. I am very interested in working in the bloodstock industry. Do you need a particular degree from an accredited school? What would you advise to get one's foot in the door? Any advice would be helpful.

Waldman:
There are programs (I know of the one at the University of Louisville, and I'm sure there are others of which I'm just not aware) to further your formal education, but there is nothing like on the job training. Much of what I said to George should also apply to you. First and foremost, you must love the horse business and then be committed to that which you do.

Best of Talkin HorsesTo read the complete transcript of this chat, along with many others, check out Best of Talkiní Horses.

Best of Talkin’ Horses features provocative “chats” with some of Thoroughbred racing’s most prominent names. Adapted from “Talkin’ Horses,” the popular weekly online chat series hosted by Bloodhorse.com, this edited collection provides additional insights by Ron Mitchell, editor and moderator of “Talkin’ Horses."

 

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