* Personification: The sentence could be an example of personification, giving human-like qualities to an animal. Horses can't think in the way humans do, so the sentence is attributing human-like thought to the horse.
* Figurative Language: It could be a metaphor or simile used to describe a situation. For example, "His horse thinks old is an example of a slow and steady pace." This metaphor suggests that the horse, despite its age, still possesses the ability to move with grace and agility.
* A Beginning of a Story: It could be the start of a story or a riddle, leading to a more complex explanation.
Please provide more context or complete the sentence so I can give you a more specific answer.