Word: pros
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Anyone concluding from that logic that the diamond market is a topsy-turvy affair best left to pros would be dead right. An uninitiated individual investor has to buy diamonds at retail, paying huge markups, but he can only sell his stones at wholesale levels. So the price has to rise considerably for the ordinary investor to break even. Meanwhile, he has cash tied up in an asset that pays no dividends or interest...
...linksters also played Sawgrass, a torturous macedoine of water, sand and jungle that terrorizes pros and duffers alike. Sawgrass is the site of the annual Tournament of Players Championship and perennially exacts the highest winning score on the pro tour...
...Rookie of the Year, Debbie Massey, 27-who have flocked to the recently rejuvenated L.P.G.A. tour. The traditional lack of college athletic scholarships for women and new infusions of prize money-purses have doubled since 1975 to $3.4 million this year-tend to make top women amateur golfers into pros earlier than their male counterparts. The rising stars have done their growing up on the professional circuit and in the process have honed themselves into nerveless competitors while still in their teens and early 20s. The result is an aggressive, charging style of play that threatens to leave some...
...have to be married to feel the strain of that imposing bond; our lives are filled with couples who hang on to each other, bored but afraid to see what else is out there, trading happiness for security. For everyone who has ever contemplated the pros and cons of connubial bliss, Stephen Sondheim has a musical...
...indulgence in selfish point-grabbing by the pros spurted during the bidding war for talent between the N.B.A. and the American Basketball Association, which was absorbed by the older league in 1976. Agents negotiated longterm, no-cut contracts, and even so-so players got $200,000 or more a year. Admits Detroit's Center Bob Lanier, a team player himself: "Most people, and I'm one of them, get paid by the statistics they produce. A lot of guys have inflated values of their worth." In Boston, the egos got so big that the players forced the retirement of Coach...