FANTINI’S FINANCE: Lucky in Kentucky

One of Warren Buffett’s most oft-quoted phrases is that you should invest in people, not companies. Churchill Downs has enjoyed an amazing multi-year run, but results for the second quarter were a little flatter than expected, causing some to sell off. However, CEO Bill Carstanjen is one of the best in the business, and his clear growth strategy makes the Kentucky-based racing giant as attractive as ever moving forward.