My wife moved to the Academy with 15 gold, and the Horned Owl.

She spent all 15 gold on attribute points.

Can the Horned Owl negate ONE lost turn, or all FIVE lost turns?

'If you are instructed to lose one or more turns, you may discard the Horned Owl to negate the loss.'

Therefore you may use the Horned Owl to negate all 5 missed turns in your example!

Ell.

Your wife plays Talisman with you? Youre a lucky one. Mine hates Talisman, which sucks, cause she usually the only one I can play with, so I play with myself most of the time.

LOL, strong wrist!

Ell.

"against myself" would have sounded better, for sure:)

Yep! My wife enjoys the game a lot, and i've managed to draw another friend in too I think.

And my 8 year old can play pretty decently too (although she doesn't have an aggressive PVP mentality to use when needed).

This is a very good combo

Negate all missing turns to get training sesions, for as much as you paid for, in one turn