TARP flip-flop true to form

By Julian Delasantellis

I would never say this to my students, but I can't tell you the amount of class time I missed, from both college and secondary school, attending thoroughbred racing investment parlors when I was young.

I can't say that I ever won a whole lot in these visits; before I was licensed to drive, I was happy to have won back the bus fare it cost to get me there. But I did receive a priceless early education in applied statistics (in the final analysis, I realized that a conditional probability is the same thing as a bet, called a perfecta in North America, that calls for two horses to finish in a specific order) and I learned to read the racing form.