I've read every HISA annual metrics report since the first one landed in 2024. All three of them. Cover to cover, footnotes included. And every year I've come away with the same feeling: something is missing. Not from the effort. The effort is real. HISA has built the most comprehensive equine health database in the history of American racing. Seven million veterinary treatment records. Treatment histories that follow horses across state lines for the first time. The infrastructure is extraordinary. What's been missing is statistical depth. Year after year, the...