Funding a quarter of a horse

• June 1, 2008
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Six thoroughbreds parade out of the barn at Dogwood Stable and clip-clop along a dirt road to their training track, a mile-long loop of sand, three inches deep. It's just after 7:30 a.m., and the sun is peeking over the pines, glinting off the horses' coats and their riders' green and gold silks.These horses, who will race in coming months all over the East Coast, belong to investors who paid $30,000 or more for a quarter stake, for the rush of racing and the chance to make a buck.“No doubt, it is one of the most thrilling, exciting ventures in the entire world,” Dogwood President Cot Campbell says, chewing on a piece of straw.Dogwood Stable, 60 miles southwest of Columbia near the Georgia line, pioneered the concept of racehorse...