Word: pros
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...time, the pros controlled only 15% of the U.S. stock market (the figure is now more than 60%). But they did the bulk of the trading. They moved the market. And therefore they could not, as a group, beat it. The mutual-fund industry's attempts to move this boulder by taking bigger risks ended badly. When the stock market plunged in the 1970s, the funds followed...
...Celts seem to know their business. They have won 16 of 40 N.B.A. championships, including the 1985-86 title, and filled every seat in the Boston Garden for 279 consecutive games. Nonetheless, many Wall Street pros are betting against BOS, as the team is listed on the ticker. Share prices opened at 18½, slightly below the expected range of 19 to 21, and dribbled lower. By week's end, the score on the Big Board had dropped to 18¼. One reason: fears that since Boston is on top, the team and its stock have nowhere to go but down...
...road") and slogans ("China's quarry and Japan's beach"), Rudd has managed to "cut through"?the dream of political word wranglers. Inevitably, Rudd's success so far has elicited comparisons with former leader Mark Latham, who made local politics interesting in 2004. All of Canberra's political pros have come a long way since then. In any case, it's worth noting that Team Rudd is several notches above the Crazy Lathams and Beazley's Bunch. Rudd, a lifelong striver, is more assured than his predecessors, rounded, grounded and disciplined. But the question remains: can his staff, parliamentary colleagues...
...operas have play doctors, as the classic musicals often did? Old pros like George Abbott or Abe Burrows would join a show out of town, bring a fresh mind to the soft spots, punch up the book. By the time the thing opened on Broadway, it sang. The First Emperor could have used some outside help. For what disappoints me about the opera is not its music but its failure to transfer the thrilling drama of the movie to the stage...
...football powerhouse days of its late demigod coach Paul "Bear" Bryant that it will pay Saban $4 million a year. That's a surreal record for college football, but it's hardly the exception today, when universities feel they have to match the sky-high salaries offered by the pros: just below Saban is Oklahoma's Bob Stoops at $3.45 million, while Jim Tressel, the coach of No. 1-ranked Ohio State, earns $2.6 million and may see a sizeable raise soon...