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Why Gai Waterhouse doesn't invest in the sharemarket

Why Gai Waterhouse doesn't invest in the sharemarket

The champion racehorse trainer has done well from both moving and fixed assets.

In the past 10 years horses trained by Gai Waterhouse have won $130 million in prize money.  Rhett Wyman

Matthew CranstonUnited States correspondent

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It will be the first time in 35 years that horse racing trainer Gai Waterhouse hasn’t been at Flemington Racecourse to watch the Melbourne Cup. No cameras, carnations or characters for her this year. For the once-budding actor, who turned down an offer from the National Institute of Dramatic Art, the racetrack has long been her preferred stage. Unsurprisingly, she's not happy the theatre is closed to spectators.

“They’ve gone mad! They have done a cruel thing,” she says of the COVID-19 restrictions and quarantine rules that will keep her in Sydney on November 3. “They will cause a massive recession.”

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Matthew Cranston
Matthew CranstonUnited States correspondentMatthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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Original URL: https://www.afr.com/life-and-luxury/fashion-and-style/why-gai-waterhouse-doesn-t-invest-in-the-sharemarket-20201013-p564ky