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Is the money ever really lost?
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<blockquote data-quote="Ojp6" data-source="post: 1284705" data-attributes="member: 23608"><p>My grandpa bought and sold a pile of cattle in his day. His thing was to never lose your numbers regardless of the market. If he was going to have 4000 in the feedyard at the start of the year you could bet he would have 4000 head on feed at the end of the year +/- a few loads for tax purposes. He didn't try to hold the cattle forever when the market dropped and he didn't quit buying when they got high. If he was selling cattle at a loss he was buying the back the same week. He was very good at managing feed costs and buying cattle cheap compared to what the market was at the time. When he started feeding cattle he had 200 head all on borrowed money and 25 years after that he owned 6,000 head free and clear and had built two feedlots of his own.</p></blockquote><p></p>
[QUOTE="Ojp6, post: 1284705, member: 23608"] My grandpa bought and sold a pile of cattle in his day. His thing was to never lose your numbers regardless of the market. If he was going to have 4000 in the feedyard at the start of the year you could bet he would have 4000 head on feed at the end of the year +/- a few loads for tax purposes. He didn't try to hold the cattle forever when the market dropped and he didn't quit buying when they got high. If he was selling cattle at a loss he was buying the back the same week. He was very good at managing feed costs and buying cattle cheap compared to what the market was at the time. When he started feeding cattle he had 200 head all on borrowed money and 25 years after that he owned 6,000 head free and clear and had built two feedlots of his own. [/QUOTE]
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Is the money ever really lost?
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