Answer:
Brown I am and much admired; many horses have I tried; tire a horse and worry a man; tell me this riddle if you can.
Do you know what you can hold without ever touching it?
Everyone has it and no one can lose it, what is it?
Man walks over, and man swims under. In times of war, it can be burned asunder. What is it?
Something wholly unreal, yet seems real to I. Think my friend, tell me where does it lie?
When is it bad luck to see a black cat?