Leland Stanford started the Palo Alto stock farm in California to breed horses. He developed what's called the Palo Alto system to breed these horses and you later kind of link that development and that kind of ethos through to the development of human capital, you know, at the university and in this industry more generally. And it becomes very quickly an inspiration for other horse breeders who are kind of like mad that this rich asshole has totally transformed their whole sport, but have to admit that he did do it.

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