Word: indexable
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Siegel argued that U.S. stocks have outpaced inflation by nearly 7 percentage points annually with uncanny consistency since 1802. But his early numbers are rife with what statisticians call survivor bias: all the stocks in Siegel's pre-1871 index were winners, typically staying in business for at least 17 years. No flops such as canals or wooden turnpikes--just a couple of dozen profitable banks, insurers and railroads. Imagine calculating recent stock returns without Enron, Pets.com and Global Crossing. Would that give an accurate picture? Siegel says in his defense that survivor bias may overstate his 19th century numbers...
Instead of decreasing the number of recruits, athletic directors should raise the minimum standards for athletes’ admission to ensure that everyone is fully part of Harvard’s academic community. Under the current byzantine admission guidelines, recruits must have an academic index score—which is composed of class rank and standardized test scores—above a minimum that is far below the average of an admitted Harvard class. Increasing the minimum academic index score required of recruits would ensure that Harvard’s primary mission of education is not sacrificed at the altar...
...problem transcends constant telnet-checking and a bizarre urge to catalogue and index drunkmail. My problem is much more serious...
...paratroopers during a brief reoccupation of Bethlehem last November. The papers were found in an office of Arafat's Fatah branch of the Palestine Liberation Organization and reveal the struggle that might ensue if he were ever forced to give up power. Israeli intelligence translated the files, and an index of the dossiers has been obtained by TIME. The papers reveal scandalous material on various underlings in the Fatah leadership, including evidence of adultery by one Fatah chief and wild partying by a middle-aged member of the Palestinian Cabinet. The cache shows the extent of intrigue in the Fatah...
This increase in giving came during a year when stock markets fell across the board—the New York Stock Exchange dropped 3.4 percent and the Standard and Poor’s Composite Index declined even more sharply, falling 15.9 percent...