What does the red mean?

[v0031]

Keep Your Dream
Author Unknown
I have a friend named Mike Roberts who owns a horse ranch in San Diego. He has let me use his house to put on fund-raising events to raise money for youth at risk programs.
The last time I was there he introduced me by saying:
“I want to tell you why I let Jack use my horse. It all goes back to a story about a young boy who was the son of an itinerant horse trainer. As a result, the boy’s high school career was continually interrupted. When he was a senior, he was asked to write a paper about what he wanted to be and do when he grew up.”
“That night he wrote a seven-page paper describing his goal of someday owning a horse ranch. He wrote about his dream in great detail and he even drew a diagram of a 200-acre ranch, showing the location of all the buildings, the stables and the track. Then he drew a detailed floor plan for a 4,000-square-foot house that would sit on a 200-acre dream ranch.”
“He put a great deal of his heart into the project and the next day he handed it in to his teacher. Two days later he received his paper back. On the front page was a large red F with a note that read, `See me after class.’”
“The boy with the dream went to see the teacher after class and asked, `Why did I receive an F?’”
“The teacher said, `This is an unrealistic dream for a young boy like you. You have no money. You have no resources. Owning a horse ranch requires a lot of money. You have to buy the land. You have to pay for the original breeding stock and later you’ll have to pay large stud fees. There’s no way you could ever do it.’ Then the teacher added, `If you will rewrite this paper with a more realistic goal, I will reconsider your grade.’”
“The boy went home and thought about it long and hard. He asked his father what he should do. His father said, `Look, son, you have to make up your own mind on this. However, I think it is a very important decision for you.’ Finally, after sitting with it for a week, the boy turned in the same paper, making no changes at all.
He stated, ‘You can keep the F and I’ll keep my dream.’”
Mike then turned to the assembled group and said, “I tell you this story because you are sitting in my 4,000-square-foot house in the middle of my 200-acre horse ranch. I still have that school paper framed over the fireplace.”

[Tender Branson]

This:

[muon2]

The red phrase refers back to the opening sentences.

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A fund-raising event implies a group of people who have donated money to a cause which in this case is for youth at risk. It is common for one of the donors to act as host offering an interesting location for the other donors to enjoy an evening of food, drink and conversation. At some point during the event there will be a speech or two about the cause, and the speaker is customarily introduced by the host.

[PiMp DaDdy FitzGerald]

[v0031]

Thank you, and is one of the two blue words wrong here?

[Unimog]

the 'horse' should be 'house' also.