Yep. For what I do, I would keep the $16 million, buy my dream ranch, and fill it with $500 horses that I train myself. That horse wouldn't survive one day as a ranch horse.
Some people just have more dollars than sense. I think if all racehorse owners could only afford a $1000 horse, they would take much better care of it instead of the whole "Well I'll just buy a new one if this one breaks" attitude.
BTW: this is a really old thread. LOL