Word: fractionating
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...University job constitutes just a tiny fraction of what Stone does. In addition to being chair of the Kirby Corporation, Stone, who does not have full-time job, serves as director of 12 public or private companies...
Even so, cancer is hardly inevitable. For example, 50% of Americans will develop at least one precancerous polyp in their colon at some point, but only a fraction of such polyps will develop into aggressive tumors. Why? Usually it takes so long for colon cancer to unfold that most people end up dying of ! other causes. Indeed, contrary to popular perception, getting cancer is not at all easy. To begin with, a cell must accumulate mutations not in just one or two genes but in several. In the case of colon cancer, Dr. Bert Vogelstein and his colleagues at Baltimore...
...Yale's management company earns about $200,000, according to a recent report in the Wall Street Journal. And in previous years, Harvard's returns have been far worse. Yale, for one, has outpaced Harvard's rate of return in eight out of the last 10 years, at a fraction of the cost in compensation. Other leading universities typically also perform as well or better than Harvard does over the long term, while paying far lower compensations...
This is franchise chess at its most violent. When a struggling team sells out a large fraction of its home games and still gets sold down the Mississippi River...call it the Rape of Minneapolis, Part II. The North Stars are already gone, and now this...two franchise departures does not a Warren Moon arrival equal...
This also helps explain how derivatives can be both conservative and highly speculative investments. Because there are two sides to each transaction, one party can pass along the risk he does not want to a speculator who will gladly take it. Such trades can often turn on fraction-of-a-point changes in currency rates or interest charges. "The speed of money is faster than it's ever been," says Laleen Doerrer, the co-founder of a one-year-old Chicago derivatives firm. "It seems like every day someone has created a new contract and a new swap option...