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A look at the intersection of calculated risk, the minds of entrepreneurs, and why the best business owners make long shot bets. I'll Have Another had a chance to become the 12th horse in history to become a Triple Crown winner, a feat that has not been accomplished since 1978.

When people think of horse tracks, they rarely consider them to be a part of the cutting edge of mobile technology. The mobile-wagering format at Santa Anita Park brings to light a form of mobile technology that we will see duplicated and innovated often in the coming years. Opening Day at Santa Anita Park in Arcadia, CA, on December 26th brings the excitement everyone associates with horse racing

Rather than get stuck trying to come up with the next great innovation, consider these nine reasons why you might be better off imitating and improving upon an existing idea.

From dilettante winemaker to a giant in the field It has to rank as one of the tastiest business screwups of our time: Jess Stonestreet Jackson, a San Francisco litigator dabbling in winemaking, made a big batch of Chardonnay in the early 1980s, and the fermentation process didn't complete, leaving the wine sweeter than intended. "It had one-half percent or so of residual sugar," recalls Randy Ullom, a wine master and one-time competitor of Jackson's. Tasting it, Jackson thought, This is actually quite nice