Word: risk
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...delayed surgery or radiation for at least six months after the diagnosis - the wait-and-see strategy commonly referred to as watchful waiting. In the majority of these patients - those who were diagnosed with early-stage disease at a median age of 78 - the 10-year risk of cancer-related death was less than 10%. Researchers also calculated the risk of death in a smaller group of watchful waiters who were diagnosed between ages 66 and 74, an age group for whom comparable data existed in past research. These patients' 10-year risk of death from prostate cancer was just...
...because doctors have been unable to inform men with any level of precision what their actual risk of death is from prostate cancer, fearful patients have often sought unnecessary surgery and radiation; fewer than 10% of patients who are diagnosed with prostate cancer at age 60 or older choose watchful waiting. "With this new evidence, doctors can give patients some quantifiable information so that together they can decide if it's more appropriate to forgo active treatment for now and just monitor their disease for any new developments," says Brooks, who was not involved in the study...
...Wall Street on Monday that "normalcy cannot breed complacency." But normalcy is breeding complacency - perhaps because complacency is normal. Consider the financial reforms that the Obama Administration wants to push through Congress before year-end - creating a Consumer Financial Protection Agency, giving the Federal Reserve the job of systemic risk regulator, and establishing a "resolution regime" to wind down troubled nonbank financial institutions (like Lehman) and complex bank holding companies in an orderly fashion. Steps in the right direction? Probably. Truly major reforms? Not so much...
...risk of voicing what I know to be the unpopular position, let me say once and for all: I hated FOP. Every grimy, sweaty, exhausting, hungry moment of it. Since I’ve never been known as a born athlete, people often find it hard to believe I was a FOPper, but I’ve hiked many times before, and love the great outdoors. What I soon discovered on FOP, however, was that my love of nature is predicated on the ability to shower after a long hike. Slowly watching my leg hair grow out over the course...
Therefore, although there are lessons to be learned going forward, calls to drastically scale back risk-taking in the future are unfounded. This would prevent Harvard from recovering from its current dire straits and stunt our growth prospects. HMC should instead look to manage money mindfully, attaining good enough returns given the university’s particular situation. This is our best hope to seeing the endowment recover and making the budget cuts of the past year a distant memory...