BIOGRAPHY - Born in Graves County, Kentucky, on March 2, 1902. Editor. Racing Authority, Civic Leader. University of Kentucky, A.B., 1927. Died, September 7, 1970.
He was editor of "Bloodhorse" magazine for several years, beginning his career with the Lexington-based publication in 1930, becoming associate editor, and in 1935, the editor. In 1963, he moved over to a senior advisory capacity for the magazine, serving as well "The Thoroughbred Record."
After graduation from the University, he went to New York as managing editor of "The Daily Running Horse" (1928-29), and then served as turf editor of "The Morning Telegraph," before returning to Lexington in September, 1930.
As a student he was, in succession, sports editor of "The Lexington Herald," sports editor of "The Lexington Leader," and for three years city editor of "The Herald" under Desha Breckenridge and Thomas Underwood. While in New York, he did a year of graduate work at Columbia University.
His wife, the former Betsy Beckner Worth of Lexington, whom he married in 1932, was a professor of psychology at the University. In November of 1963, the Jockey Club Stewards authorized setting up a statistical bureau according to plans submitted by him. He established the bureau in cooperation with Spindletop Research, which had the computer and the technical staff.
He was author of the annual "American Race Horses," 1952-61, and was a contributor to the "Encyclopedia Britannica," the "Dictionary of American Biography," and "Thoroughbred Racing and Breeding," among other publications.
He was a member and President of the Lexington Rotary Club, on the board of Keeneland Race Course (194146), President of the Thoroughbred Club of America, and a member and President of the Torch Club. In 1963, he was named Chairman of the Advisory Committee Toward Improving Education (ACTIVE), aimed at creating a modern technological school in Central Kentucky.
He was instrumental in beginning the Bookmobile Service throughout Kentucky. His memberships also included the Keeneland Club, Polo Club of Lexington, the Lexington Country Club, Pi Kappa Alpha, Alpha Delta Sigma, Lamp & Cross, the Mystic 13 and a number of others.
Joseph Alvie Estes was named to the Hall of Distinguished Alumni on November 6, 1970 (Source).
IMPACT - The AEI was developed by Joe Estes while he was editor of The Blood-Horse. He came up with the index to allow comparison of stallions from one generation to the next without resorting to a side-by-side look at earnings in dollars, which naturally don't maintain equal value over time. It should be possible to compare sons of Seattle Slew with sons of Man o'War, who lived generations apart. It should also be possible to compare offspring of two contemporary sons of Sadler's Wells regardless of the size of their foal crop -- Northern Spur (IRE) has 5 juveniles this year, for example, while El Prado (IRE) has 60; it would be misleading to compare their progeny earnings in pure dollars.
Basically, Estes figured out what was the average paycheck a runner earned in a year and called this figure the "expected" earnings for the average Thoroughbred racehorse, equivalent to 1.00 AEI. If the annual average earnings for Thoroughbreds was $10,000 and a given runner earned $12,500, his AEI would be 1.25 (or 1.25 times the yearly average earnings figure) (Source).
The late Joe Estes argued incessantly through out his writing career that a mare's race record was the single most important predictor of future success as a broodmare. In the 1999 compilation of his writings and speeches “The Estes Formula for Breeding Stakes Winners”, Estes writes “…regarding pedigree selection… it should usually be a minor accessory to individual selection, being permitted to sway the balance in making decisions which are fairly close on individual merit.” Estes was a staunch believer in acquiring successful racemares, with female families and pedigree being minor considerations (Source).