Losses very early in a fighter's career are important from the aspect of how well the fighter rebounds from those setbacks.
Losses late in a fighter's career have little to no impact at all on his legacy IMO.
However, victories late in a fighter's caereer over significan opposistion do add to his legacy....kind of like how senority can help you at a job, I guess. A win later in a fighter's career, after he's lost some speed, timing, reflexes, etc only enhances how great a fighter he is, because he's overcoming the huge obsticle of Father Time and high mileage.
Examples would be Larry Holmes win over Ray Mercer and Hopkins win over Tarver....and Duran's win over Barkley.
Yeah. The whole thing saddens me a great deal even to this day. I don't think a 38 year old Ali would have beaten Holmes without the thorazine, because he was also taking "el dopa" for his parkinsons syndrone; but it wouldn't have ended like it did. And who knows? With Ali, who had sparred countless rounds with Holmes and knew him so well, without letting Holmes truly "know" him in the sparring sessions due to his voluntary clowning and such, maybe he did know something. If there was a plan he had that would have made it closer and maybe even earned him a slim victory, it would have revolved around Holmes vulnerability to the right cross IMO....that and the movement.
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