Markup
A very common question about partnership groups is why they include a markup on the share price of their horses. It's a fair question. However, markups are included in practically every bit of commerce being conducted everywhere in the world. Without a markup the company would be working for free; and nobody does that. Additionally, the partnership provides additional value above and beyond the horse. It incurs advertising costs so that other partners can be brought together thereby enabling you, as one partner, to be able to get involved for a fractional share. Additionally, they'll spend many hours interacting with the trainer, the vet, the racetrack coordinating the horse's career and then communicating that back to the partners. Managing a horse can be a fulltime job. As such, it's fair to compensate the manager for his/her time and expertise.