Word: scale
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...TIME: Do you think of yourself as a religious man? Do you have a religious faith that keeps you going, sustains you? LEE: We do psychometric tests on our candidates for important jobs. There is a scale of values: social, aesthetic, economic, religious, etc., six values. I cannot judge myself, but I believe I would not score very highly on religious value. I do not believe that prayer can cure, but that prayer may comfort and help. At the same time, I've seen my closest friend [former Finance Minister] Hon Sui Sen on his deathbed...
...might put it - has tempered steady economic progress and the betterment of the life chances of ordinary folk. But the strength of his argument does not rest only on other nations' failures. Above all, it is bolstered by Singapore's success. For as any visitor can attest, the scale of what Lee and his colleagues have achieved by applying his principles - in what Singaporean academic and fiction writer Catherine Lim has described as "an authoritarian, no-nonsense manner which has little use for sentiment" - is simply astonishing...
...star system won't vanish as long as there are bona fide market beaters like Bill Miller, whose Legg Mason Value Trust is on track to outrun the Standard & Poor's 500 for a 15th consecutive year. "But the industry is waking up to the scale problem that even stars have when a fund grows large," says Christine Benz, author of Morningstar Guide to Mutual Funds...
...scale problem is this: as a stock fund swells with assets, the manager, who usually operates with limits on how much of any one stock can be in the fund, must find ever more winning stocks. And managers of big funds tend to have fewer choices because they focus on shares of big companies. That's because shares of small companies, whose price moves quickly with big trades, tend to quickly get too expensive. And since most funds have restrictions on the percentage of any one company they can own, with a small company even a smart pick has little...
...challenge yourself,” Zuckerberg said. He also announced two forthcoming additions to his site: a collection of aggregate statistics about the members at each participating school and a tool to display degrees of friendship more specifically. Rather than asking users to rate their friendships on a scale of one to 10, the new feature will allow users to input descriptive statements about their relationships. (For instance: “I took CS50 with this person freshman year.”) During the roughly 80-minute presentation, Zuckerberg fielded a plethora of questions related to facebook.com, few of which...