The Story of the Chinese Farmer is an ancient Taoist parable known as Sai Weng Shi Ma. This was then popularized by Alan Watts as a parable on perspective, flow and living in the present. The Chinese Farmer and the horse story carry values of yin and yang, balance and peace. This simply explains that we keep judging experiences as good and bad, when we should refrain from that and instead just say maybe. Because we never now what fortune or misfortune is yet to come.
It also gained popularity in a Dan Bilzerian episode on the Joe Rogan Experience podcast.
This is all part of the philosophy of flow that is exemplified in Alan Watts story and the parable of the Chinese Farmer.
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