I wouldn't say I was shrewd Dante. I've been quite lucky with some horses. The way I look at the horses is simple, it might cost the same to have a good one and a bad one in full training, but you are better off finding reliable experienced handicappers which maybe have served their time to current connections and pick them up cheaply and know that they will continue to pay their way at a level that suits.
That said the decision to sell Calico Cat was never really mine, and boy do I miss him. I loved the horse to bits and the only reason he sold is quite simply he doesn't have great legs. It would be the same reason I got him so cheap. He hasn't had problems since we had him but a lot of trainers probably would have never run him as he has clear signs of previous tendon and suspensory injuries and there's never any knowing if they will ever come back. He is very fragile and whilst we had good offers pre Ascot, the reality is, he would never pass a vet.
He sold about fair given everything really but he still yielded a profit. Sadly the other owners decided that all these figures pre sales (which would have been the case had he been a horse with no problems) needed to be cashed in on, although I warned them that I didn't think he would make a fraction of that cause vetting would be tough and when people took a closer look at him they would probably run a mile.
£40,000 was probably fair, although losing your best horse is often tough and hard to swallow. I won't deny I've been really depressed this past few days and thoroughly upset as he was more than just a horse to me.
The one thing I have been doing is analysing my stock and I've realised that despite having some nice fun horses, I do have a lot of dead wood, and probably got 8 or 9 that I will be looking to move on. Better to have 20 that can win, then 35 of which 15 can't.