The Business Lessons of the Belmont Stakes
Harvard Business Review
JUNE 8, 2012
Consider that of the 30 horses in a position to win the Triple Crown in the last 130 years, only 11 have succeeded. Well, we can quantify that with something called a Beyer Speed Figure , a measure of a horse's performance adjusted for track conditions. The inside view sees mostly upside. That's about a 40% rate. But it gets worse.
14 
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