TexasBred":25jd312p said:
But I ain't the sharpest pencil in the box either
Edit
I guess as TB would say, volume son think volume !
Absolutely. You and I buying a half dozen and trying to make them work won't make any money but the operator who can put a couple of thousand together and run a tight operation might make $40 a head. $40 is beer money on a few head but on a few thousand it's a pretty good lick.
A guy I know that has more money than Warren Buffet told me told me a while back "I don't mess with yearlings I leave that to the big boys",
He could buy the "big boys" but I understood what he meant.
Everything I ever done was small in comparison, but they busted me one time
I won't take big risk today, even if the money was loaned I wouldn't risk a million dollars on a chance to make 40000.00
If I can see a 100-150 I might go one pot but that'd be all I could handle
But lots of folks do and make it work, look at Pete Bonds
I know a guy in Tulia Tx that has several thousand turned out on the gain and lives well
I have buddy that's president of a bank in Archer county that loans lots of money on steers.
He wants 25% or better invested to loan on steers and won't loan unless he knows you and what you can do.
He says he seen it bust a lot folks and other make a good living
I don't know if it's mental capacity, knowledge and ability or risk tolerance that make it work
Some can and some can't