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Maybe it's utility is limited for the advanced player. But it's not a great beginners book, either. It's a pretty solid read for the intermediate player.
A few years have already caught up with it, but it remains the most notable tome on the subject in quite some time. How many recommendable handicapping books were published in the last 20 years? Not to mention books that remain relevant.
Maybe the insights aren't profound in hindsight, but it does encourage you to consider how a horse might outrun its performance evidence, and not succumb to the consensus. That's pretty sound guidance, even if you know it already.
Aside from the angle Tom noted, I view most of the statistical work as demonstrating that most logical angles don't deliver edges with suitable sample sizes. Fresh data not likely to change those conclusions. It's a book, not a database. If anything, I found the dismal parade of failed angles pretty tedious.
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